# cryptocurrency
Latest news and articles about cryptocurrency
Total: 26 articles found
Typo, Turmoil: Bithumb's 'Won‑for‑Bitcoin' Error Sparks $40bn Flash Crash and Regulatory Sweep
A data‑entry error at South Korean crypto exchange Bithumb led to hundreds of user accounts being mistakenly credited with very large bitcoin balances, triggering a brief 17% price plunge on the platform. Bithumb said it recovered 99.7% of the coins, will compensate affected customers, and now faces regulatory reviews that could strengthen oversight of exchanges worldwide.
A Staggering Human Error Rocked Crypto Markets: Bithumb’s ‘Unit Mistake’ and the Fragility of Exchange Custody
A unit‑entry error at Bithumb turned routine promotional payouts into an apparent 620,000 BTC airdrop, briefly creating nominal balances worth tens of billions of dollars and triggering a market dip. Most coins were frozen and reclaimed; regulators have launched on‑site inspections and Bithumb has pledged full compensation to affected users while promising tighter controls.
China Tightens the Noose on Crypto and Tokenised Assets: Offshore RMB Stablecoins Banned, Domestic Services Prohibited
China’s central bank and seven other agencies issued a decisive notice on 6 February 2026 that reiterates a ban on cryptocurrency trading and services while extending strict controls to tokenisation of real‑world assets and offshore issuance of RMB‑pegged stablecoins. The measures mobilise an interagency enforcement apparatus and bar financial, internet and intermediary firms from supporting unauthorised crypto and RWA activities.
China Declares All Crypto-Related Business Illegal, Bans RMB-Pegged Stablecoins Abroad and Tightens Mining Crackdown
China’s central bank and seven other ministries declared virtually all crypto-related business illegal, tightened rules on internet platforms and company registrations, and prohibited the overseas issuance of renminbi‑pegged stablecoins without approval. The coordinated notice widens enforcement to include platform takedowns, mining curbs and potential criminal prosecution, closing formal onshore channels for crypto trading and tokenisation.
Bitcoin Reclaims $68,000 After Midweek Rout — Rebound, Not Relief
Bitcoin breached $68,000 on Feb. 6, extending a rebound after a sharp midweek sell‑off. The recovery reflects mechanical short‑covering amid high leverage, but volatility and liquidation risk mean the rally may be fragile.
Bitcoin Pops Above $68,000 as Market Recovers From a Midweek Rout
Bitcoin rose above $68,000, continuing a rebound after a sharp midweek sell-off driven in part by forced liquidations in derivatives markets. The episode highlights persistent volatility driven by leveraged positions and concentrated liquidity, creating execution risk for investors and a potential focus for regulators.
Bitcoin Flash Crash Wipes Out Hundreds of Thousands of Leveraged Positions in 24 Hours
A sudden Bitcoin sell-off in early February triggered a cascade of forced liquidations, with a NetEase post reporting over 580,000 wiped‑out positions in 24 hours and other counts near 186,400 when BTC slipped below $70,000. The episode underlines how heavy leverage and thin liquidity can amplify corrections and will likely spur calls for tougher risk controls across the crypto ecosystem.
Bitcoin Sinks Below $65,000 as Leverage Unwinds and Selling Accelerates
Bitcoin fell below $65,000 as leveraged positions were forcibly closed and market turbulence accelerated a four‑month sell‑off. The drop, roughly half from October’s highs above $126,000, highlights structural risks from concentrated leverage and raises questions about liquidity and regulatory safeguards in crypto markets.
Bitcoin Plummets Below $65,000 as Leverage-Unwind Sparks Fresh Crypto Rout
Bitcoin tumbled below $65,000 on 6 February amid a rapid unwind of leveraged positions, dragging ether down more than 15% to multi-month lows. The sell-off — part of a four-month correction that has erased nearly half of bitcoin’s October peak — highlights persistent leverage and liquidity fragilities in crypto markets and raises the prospect of wider market and regulatory consequences.
Bitcoin Sinks Below $67,000 in a Sudden 24‑Hour Sell-Off
Bitcoin plunged to about $66,928 on 5 February, falling more than 10% in 24 hours and breaching the $67,000 level. The move highlights the market's sensitivity to liquidity squeezes and broader risk‑off sentiment and raises questions about how durable recent gains are.
Nasdaq Opens Lower as Crypto Names Slide; Oracle Jumps on Dollar‑Bond Plan, Disney Plummets After Q1
US markets opened slightly lower as the Nasdaq underperformed and crypto‑related stocks tumbled. Oracle rose after unveiling a dollar bond issuance plan, while Disney plunged despite modest revenue growth, highlighting selective investor caution across the market.
Bitcoin Slips Below $81,000 as Crypto Markets Suffer Fresh Volatility
Bitcoin dropped below $81,000 on 31 January, falling about 4% intraday amid a broader crypto market rout that included heavy liquidations and steep moves in ether and smaller tokens. The episode highlights how leverage and thin liquidity can produce rapid price cascades, raising questions about market structure and investor risk management.