The Shanghai division of the People’s Bank of China issued a statement regarding the use of virtual currencies in the region. Reiterating that China’s favorable openings are to blockchain and not Bitcoin, markets slid by up to 11 percent in response to the news.

EOShenzhen, the 59th largest EOS block producer, has been accused of creating multiple EOS accounts and violating other rules, according to community members and block producers. ColinTalksCrypto, who runs EOS’s largest voting proxy, raised the issue via Twitter on Thursday, Nov. 21.

• Litecoin has a bearish short-term and medium-term trading bias
• The four-hour time frame shows that the LTC/USD pair is trading in a descending price channel
• A sustained loss of the $47.00 level would be extremely bearish for Litecoin

Litecoin has erased its early month trading gains, leaving the cryptocurrency testing back towards the October monthly trading low, just below the $50.00 level.

The LTC/USD pair now trades down by over 25% from its monthly peak, and nearly 70% lower than its 2019 trading high around $160.

The cryptocurrency market remains under pressure on Friday, with Bitcoin and the entire cryptocurrency market trading heavily in the red.

Bitcoin is moving closer to the $7,000 level, with the current weekly low extending down towards the $7,020 level.

A break below the $7,000 exposes a possible test of the important $6,650 support area.

The Stellar Development Foundation announced a 2 billion XLM airdrop ⁠— worth over $100 million ⁠— for verified users on Keybase. You’ll need a valid phone number and must reside in an approved country.

Fake news, gaslighting, and talk of litigation. The Block reports that Binance’s Shanghai office was shut down following a police raid. Binance denies even having an office in the city.

The Block, a crypto media startup founded in 2018, reports that Binance closed its Shanghai office in response to an alleged police raid. According to unnamed sources, The Block claims that as many as 100 employees, including company executives, worked at the location.

Given the current regulatory landscape in China and Shanghai the story seems plausible. 

The cryptocurrency market remains vulnerable to further losses on Thursday as the market capitalization hovers around critical weekly support.

Bitcoin failed to attract buying interest from the psychological $8,000 support level as sentiment towards the leading cryptocurrency remained weak. According to data from Coinbase, BTC/USD trading volume was at its lowest level since October 2018.

TRON and Binance Coin were the worst performing cryptocurrencies among the top 20 cryptocurrencies by market capitalization as both suffered intraday losses of approximately five percent.

Yahoo Finance is partnering with CoinMarketCap to provide cryptocurrency information and news to the broader market. With over 3.5 billion monthly visitors this may greatly increase the visibility of Bitcoin and other alternative cryptocurrencies.

• Binance Coin has a bearish short-term and medium-term trading bias
• The four-hour time frame shows that a bullish inverted head and shoulders pattern is still present
• A loss of the $16.00 level would be extremely bearish for the BNB/USD pair

Binance Coin remains under pressure alongside the broader cryptocurrency market, with the BNB/USD pair trading over 10 percent lower since the start of the trading week.

The cryptocurrency market remains vulnerable to further losses on Thursday as the market capitalization hovers around critical weekly support.

Bitcoin failed to attract buying interest from the psychological $8,000 support level as the coin slid further below to about $7,600. According to data from the Coinbase, BTC/USD trading volume was at its lowest level since October 2018.

TRON and Binance Coin were the worst performing cryptocurrencies among the top-20 cryptocurrencies by market capitalization as both suffered intraday losses of approximately 10 percent.