27 November

“Bitcoin has fallen victim to a large unwinding of leverage trades in derivatives listed across major exchanges.

Nearly $2 billion-worth of derivative positions have been liquidated in the past 24 hours.

The price drop seen today has taken the cryptocurrency well below its 10-day average and allowed the RSI to realign in a more bull friendly-manner. “It’s a healthy pullback.”

The data suggests investors view the current drop as a bull market pullback and remain confident about the cryptocurrency’s long-term prospects.”


“A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform.

The user said they had made at least 10 crypto transactions within a week, purchasing during dips and selling when the price was high, and PayPal had asked for an explanation for each transaction.

In a matter of hours, PayPal reportedly sent a message stating that the user would “not be able to conduct any further business” using the platform. The user stated that the remaining funds in the account — $462 — were placed on a 180-day hold.


“The company announced an “end-to-end tokenization solution,” comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market trading venue.

The solution will provide issuers a way to raise capital, grow liquidity, transfer ownership and manage corporate actions.

As an alternative to traditional capital markets, Sygnum said it can help companies raise funding while avoiding high costs and extensive listing requirements. With distributed-ledger technology underlying the solution, Sygnum claims instant settlement around the clock and seven days a week.


“Around $89 million was liquidated on lending platform Compound in the last 24 hours. This includes the third largest COMP farmer, who was liquidated for $46 million. It appears that a malicious actor may have manipulated the price of DAI on the Coinbase Pro exchange.

My understanding is that the DAI price on Coinbase was driven up to a premium of around 30%. Compound’s oracle uses Coinbase for pricing data. This caused liquidations as the value of the loans exceeded collateralization-ratio thresholds.

As far as I can tell, Compound worked exactly as it should. But questions will be asked about the oracle.

DeFi protocols with centralized oracles that rely on a single exchange of any kind (Off-chain or DEX) or even a limited number of individual exchanges for their price data, are exposing user funds to significant risks.”

See Also: Coinbase Goes Down Again as Bitcoin Price Action, Volatility Heat Up Again


“When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best.

It does not seem to scale to the required size.

A couple of months later, [Hal] stated that if Bitcoin became the world’s dominant payment system, then its value ‘should be equal to the total value of all the wealth in the world.‘ Extrapolating this logic further, he arrived at $10 million per bitcoin.

In the January 2009 emails, Satoshi’s time zone appears to be eight hours ahead of Greenwich Mean Time (GMT). If you assume he actually was Japanese as his handle suggested, one might assume this reflects his ancestral land. However, Japan was nine hours ahead of GMT at the time. Even more intriguing is that somehow Finney’s email server had received both emails before Satoshi’s email server, which presents a conundrum.

It is possible Satoshi had initially set his computer’s clock to Japan time based on the pre-DST time difference and later forgot to make the adjustment. But it would not explain why his other post-DST emails do not exhibit the same abnormality.

It is possible that immediately after sending out an email with “normal” timestamps on Jan. 8, Satoshi had travelled to a location in a different time zone with limited connectivity from which he emailed Finney the following day.”

See Also: New analysis suggests Satoshi Nakamoto was a Londoner


“Acknowledging the growing interest in this “relatively new tool,” Mishustin said the government plans to lead the cryptocurrency market’s development in a “civilized direction” so users can better can protect their “rights and interests.”

The prime minister explained that Russia’s tax code will be amended to designate crypto assets as property, meaning owners will be able to seek relief in court if they should fall victim to any illegal activity.”


“As part of the partnership, the teams will merge development resources and introduce several symbiotic interactions between the two protocols. Unlike with Pickle Finance though, the governance and token economics of Cream will remain unchanged.

Yearn users will be able to put their vault tokens — their share in a yield farming strategy fund — as collateral to borrow on Cream. Furthermore, the farming strategies will be able to access leverage on the platform, potentially increasing their yield.”