BitMEX Leadership Allegedly Withdrew $440M Following Charges – November 2

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $13,556

Bitcoin price spiked above $14,000 over the weekend, setting a two-year high. However, price has since returned to the mid-$13,000s to kick off the week.

Top-20 altcoins are stable over the last 24 hours, as Ethereum remains unchanged, XRP falls less than 1%, and Cardano is the biggest mover with a 3% gain.

Top Stories for November 2, 2020 πŸ”₯

πŸ‘‰ BitMEX Leadership Allegedly Withdrew $440M Following Charges

BitMEX has been accused of withdrawing $440M of exchange funds upon learning about the charges pressed against them by US regulators.

The court filing showed that the plaintiffs believe the funds were removed under the guise of profit distributions, but in reality aimed to make the funds “unavailable” for future judgments against the concerned funds.

BitMEX and its parent company HDR Global are pending charges of market manipulation and money laundering.

πŸ‘‰ European Central Bank Seeks Public Opinion on Digital Euro

A large-scale digital euro is looking ever more likely, as European Central Bank president Christine Lagarde announced a survey of public opinion on the matter yesterday.

The survey was announced on Twitter with a post that included a video of Lagarde explaining the concept, along with a link to an online questionnaire.

πŸ‘‰ Huobi Launches Two New Wrapped Coins on Ethereum, to Join HBTC

Cryptocurrency exchange Huobi has announced the launch of two new wrapped coins to run as tokens on Ethereum, HBSV and HLTC.

The Ethereum-compatible wrapped versions of Bitcoin SV and Litecoin will be compatible with the Ethereum decentralized finance (DeFi) world, joining Huobi’s wrapped Bitcoin (HBTC) which already has $70m worth of tokens circulating.