30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $16,808
Bitcoin price has fallen back below the $17,000 mark today, as it continues to find its feet following this week’s correction.
Top-20 altcoins are mostly in the red, as Ethereum drops 1%, XRP falls a little under 2%, and Litecoin loses 10% of its value. Stellar is the only coin in the green with a 10% rise.
Top Stories for November 27, 2020
Chinese authorities have now seized more than 1% of the entire circulating Bitcoin supply, worth over $4 billion, in connection with a Ponzi scheme.
The scheme, known as PlusToken, promised users large payouts in exchange for deposits in various cryptocurrencies, which also included 0.73% of all ETH and 5% of all DOGE in circulation.
A total of 15 people have now been convicted in relation to the PlusToken scam.
South Korean cryptocurrency exchange Upbit has implemented a withdrawal delay in an effort to protect users from fraud attacks.
Upbit cited the issue of voice phishing, a type of scam that fools users to divulge account login information over the telephone.
The withdrawal delay feature gives users extra time to prevent a fraudulent withdrawal from their account, by delaying withdrawals for 24 hours before releasing the funds.
A report by the Financial Times claims that Facebook’s Libra cryptocurrency will launch as early as January 2021, in the form of a USD stablecoin.
According to the report, more fiat currencies will eventually be added to back the value of the Libra coin.
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Source: Chinese Police Have Seized Over 1% Of All Bitcoin – November 27