The Top 5 cryptocurrencies latest price

Bitcoin, Ethereum and XRP to be used for opening a line of credit through Uphold

The drop followed after a mysterious bitcoin whale had made a huge transaction, moving 22,100 bitcoins out of a wallet. Bitcoin was only down by 4.3%.

It is now questionable if Bitcoin will hold up to the $6000 mark.

In its latest blog post, Chainalysis says that "intensive analysis of bitcoin's 32 largest wallets, however, shows these fears to be overblown".

In just three hours, almost $13 billion of value had been erased from the entire cryptocurrency market.

Failure to move through to $0.4093 could see Ripple's XRP give up early gains, a move back through the morning low $0.37795 bringing the first major support level at $0.3521 into play, though following the losses through the week, any reversal will likely be news driven.

Friday's drop was led by XRP, which was trading at around 39.13 cents at 11.32 a.m. HK/SIN time, marking a 7.9 percent drop from the day before. Maybe correlated? I feel like all of us cryptofans think that when/if "the old financial system" falls apart, crypto will shine.

Bloomberg contacted Chainalysis, which discovered that "50 transactions involving a total of 50,500 Bitcoins originating from that whale's wallet were moved between August 23 and 30". Bitcoin has always seen a boom and a steep downfall in its prices making it less reliable. Financial regulators in South Korea will reportedly announce an official stance on initial coin offerings in November.

Blockchain research firm Chainalysis released a report stating "whales", or holders with a large token holding, are stabilizing cryptocurrency prices, instead of the popular belief that they manipulate the $215 billion crypto market.

Woman thrown off flight with her 'emotional support' squirrel
Torok was able to catch a flight to Cleveland the next day but she had to do it without her squirrel. "I was treated very poorly. Frontier Airlines released a statement saying " Rodents , including squirrels, are not allowed on Frontier flights".

Buyer goes ahead with $1.4M purchase of shredded Banksy artwork
At Sotheby's, to whom the work belonged to since 2006, claim they didn't know about hidden in the painting device. A senior Sotheby's official says Banksy did not destroy the artwork in the auction, but rather created one.

A fresh glance at automotive world
The unit can store 13.5 kWh, and at full charge on electric mode, the S-Class PHEV has up to 50 km electric range. The system will prompt the driver to intervene if the auto encounters a scenario it can not navigate.

"Continued rapid growth of crypto assets could create new vulnerabilities in the global financial system", the worldwide Monetary Fund said in a recent report.

"Crypto is the mother or father of all scams and bubbles", Roubini told the U.S. Senate Committee on Banking, Housing and Community Affairs at a hearing on Thursday.

Economist Nouriel Roubini, who predicted the 2008 financial crisis, has also warned about virtual currencies. He has been bearish on digital coins for a long time. "Nor does Bitcoin move on economic data", he said. Experts speculate the Whales might have carried out the transaction, which created panic among crypto traders and investors.

The price of Ripple (XRP) has been falling over the last three weeks, despite the increased mainstream adoption of the coin.

Another group, the miners, happens to be the second largest group and have been in the market before the "traders".

Also, the cryptocurrency's network may soon see a hard fork - called Constantinople- which is meant to increase the cryptocurrency's transactional efficiency and to lower transaction fees.

It is noteworthy to observe that only the traders, who account for a third of total whale shares are active buyers and sellers. Crypto bulls are also looking forward to the launch of Bakkt platform next month.

Related:

Comments

Latest news

Australias ANZ fired 200 staff due to bad banking behaviour - CEO
All four major banks also charged customers for services-not-rendered and some took fees out of dead client accounts. The report concluded that banks and other financial institutions maltreated clients due to greed, Efe news reported.

Red Sox's Cora ejected from Game 1
That was enough for Cora, though, who pulled Sale after 86 pitches. "His velo, you could tell he was down a little bit". Besides that, he threw three good sliders in the third inning to finish off and then the last inning was a lot better.

Adidas consultant testifies he paid families of Ayton, other recruits
He also named Billy Preston and Silvio De Sousa of Kansas and Dennis Smith Jr . of North Carolina State. He's now now under contract with the NBA's Cleveland Cavaliers in a developmental league.

JD Martinez holds no grudge against Astros, who released him
But you shouldn't look past them, the Astros are really good. "It's a great attribute for these guys to continue to reach for it". By the time the Yankees pitchers were finally able to record three outs in the inning, the Red Sox had jumped out to a 10-0 lead.

Georgia Has to "Knuckle Up" Saturday Against LSU
If LSU wants to make it to the SEC Championship Game and have a shot at the Playoff, this is a must win for the Tigers. Go talk to Tennessee and ask them the road they're dealing with. "There's no time to cry about it".

No one's ever seen a moonmoon but the internet already loves them
Bottom-line, if there is such thing as a moonmoon , it would only exist around larger moons. We're writing about it because these moons of moons are called " moonmoons ".

Red Sox manager Alex Cora ejected
Alex Cora rarely gets animated during games, but you always should expect the unexpected once October baseball rolls around. Down 2-0, the Boston Red Sox were able to tie things up at 2-2 on a bases-loaded walk and a Justin Verlander wild pitch.

Malaysia's Anwar returns to frontline politics in big poll win
Two weeks of campaigning has seen bigwigs rallying for Mr Anwar, including Mr Mahathir and several ministers. The duo went onstage together at one campaign event, prompting wild cheers from supporters.

In Kentucky, Donald Trump Praises 'Rock Ribbed' Mitch McConnell
Former Vice President Joe Biden rallied for McGrath on Friday in Owingsville, stressing the significance of the midterm vote. Barr said a vote for his opponent, would be a vote for Nancy Pelosi's liberal agenda. "See you in Kentucky".

Sonny Gray On Trading Block, Yankees GM Says
Among the many interesting tidbits, Cashman addressed, was that he believes Sonny Gray is best served to pitch elsewhere. Following the Yankees elimination from the ALDS - Gray, himself, admitted he is unsure what the future holds.

American Idol's Antonella Barba Arrested for Heroin Distribution
She has acted in a number of short films since, had a small role in 2017's All About the Money , starring Danny Trejo. Barba was arrested for shoplifting in NY in 2011, but still appeared on Fear Factor the following year.

Netherlands vs. Germany - Football Match Report
After van Dijk's opener, the Dutch had chances to double their lead but Georginio Wijnaldum shot wide and Depay headed off target. The result spoiled a record-setting day for Joachim Low, who claimed the record for most ever matches in charge of Germany .

PS4 Messages Designed to Brick Your Console Reported By Users
You can do this in two ways: from the PlayStation itself, or from the mobile app. Instead, the user should have used "freezes" or "locks up".

Win For Brewers Means Free Beer For Milwaukee
It doled out nearly 170,000 freebies then as the Crew began its season 13-0 (it missed the playoffs that year, though). The only other time the Webb chain has had to follow through was in 1987.

Lindsey Graham responds to Chelsea Handler’s ‘homophobic’ tweet about him
The tweet offended many people who didn't see the humor in being gay or using National Coming Out Day as part of the joke. On Thursday, comedian Chelsea Handler posted a tweet playing off of longstanding rumors that Sen.

Other news