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Bitcoin shakeout below $11,700 sees $94m longs liquidated on BitMex

Traders have had a tough few days longing and shorting Bitcoin as the volatility has seen liquidations galore.
Bitcoin shakeout below $11,700 sees $94m longs liquidated on BitMex
Following Bitcoins recent correction from the yearly high of $13,940 down to its current price of $11,700 has seen a surge of liquidations on Bitmex, to the tune of $94 million. 
It appears some traders thought the parabolic move would see more upward price movement, however that was not to be the case. Bitcoin saw a $2,000 decline in price over the past 12 hours, seeing long positions drastically decline at the same time. 


Domain Registrar EnCirca Starts Registrations for Ethereum Addresses

EnCirca , an internet domain registrar, is launching an ethereum naming service (ENS) to provide domain names at .eth locations. The firm is...