Shenzhen Local Financial Supervision Bureau has identified 39 enterprises suspected of carrying out illegal activities of virtual currency — link

BREAKING 🚨🚨🚨

PBOC Shanghai Head office just made a new regulatory update as

“Strengthen regulation and control, clamp down cryptocurrency trading” — link

First buys after huge liquidations series. Someone is trying to pick it up here. Praying for them and wishing good luck 🙏

🔴 Liquidated Long: 1.05M contracts at $7,062
🔴 Liquidated Long: 1.94M contracts at $7,018
🔴 Liquidated Long: 9.06M contracts at $7,000
🔴 Liquidated Long: 1.05M contracts at $6,988
🔴 Liquidated Long: 1.28M contracts at $6,982
🔴 Liquidated Long: 1.72M contracts at $6,962
🔴 Liquidated Long: 1.65M contracts at $6,948

✳️ 5M contracts bought at $7,006
✳️ 4M contracts bought at $7,072

Fear & Greed index: Extreme Fear

For the past 2 days a total of $412m got liquidated on BitMEX

$26m SHORT
$389m LONG positions

Fake China Bitcoin Ban pushes BTC price below $600 [March 2014] — link

Bakkt $BTC futures reached another at-time-high almost $20m traded

Binance CEO to sue The Block for fake Shanghai police raid story

CEO of $CHZ Tweets That.
F**k the news. It's time for them to sell.
Don't be FOMO

Kyber $KNC just broke our all-time-high daily trading volume yesterday at 6.9M USD

Binance System Upgrade Notice (2019/11/25) — link

Binance Cyber Monday Week Sale — link

Binance System Upgrade Complete (2019/11/25) — link

Chinese tech giant Tencent helped China authority screen 39 enterprises suspected of illegal activities of cryptocurrency — link

THAI SEC MULLS TWEAKING EXISTING CRYPTO REGULATIONS TO BOOST GROWTH — link

"The 173 Chinese virtual-currency trading and token issuing platforms have all exited without risk", from PBoC's newly released China Financial Stability Report (2019). — link

The Chinese government has closed down all & any competition in the Crypto/Blockchain space. It now has a complete monopoly to control any aspect of Crypto/Blockchain growth in China going forward. It's what governments do, close competition, monopolise for themself.

Liquidity evaporating quickly on this down move