FTX dumped a lot of SOL which helped drag the price down.
That dump should be finished by no, and margin calls should have stabilized.

I don't believe there is anything fundamentally wrong with SOL and it's network, therefore it should crawl back up once this "dump everything flight to USD" cycle is finally over.

It's worse than Mt Gox, because FTX happened at a time when money is fleeing risky assets to the USD.
There is a lot less money circulating than last year because of Fed rate hikes. Not so easy to borrow anymore.
So people that were sitting on the fence wondering if to cash out into USD, suddenly FTX headlines gave them a reason to do so.

That sounds so wrong, what's next nVidia asking for KYC to purchase a video card?

Binance just reset all the API keys!

So anyone running bots are going to be broken until you generate new keys.

No idea, but it looked like a good buy opportunity.

I am pretty sure that's what a lot of people are doing, otherwise how to you explain the sudden drop in Bittrex market share since they started this verification scam.  Remember the old adage, "only 4% of customers complain, 96% will simply go elsewhere"

I see it ending either with the Bittrex shareholders screaming blue murder, and forcing management to do the right thing by the clients to stop the exodus, or Bittrex quietly fades away as more honorable exchanges take over Bittrex clients. Remember the AML, KYC cover story for suspending withdrawals on unverified accounts is bogus on two fronts. Firstly, Bittrex don't do fiat. Secondly they could move their headquarters offshore if they wanted to do fiat and skip all the nonsense. Either way, the don't have a feasible excuse for suddenly seizing their customers funds and holding them ransom until they get private information (which has value) from them.

I think it's a scam to collect personal data, some DHS staff joined Bittrex in December.
http://uk.businessinsider.com/bittrex-hires-two-former-homeland-security-chiefs-amazon-security-exec-2017-12

If they were honest, Bittrex would have given people notice and a grace period to withdraw their funds.

As I result I can see that Bittrex are loosing market share, fallen down from number 2 spot to number 7 since they did this.

Alt coins have been doing really badly for over a week now, not sure why haven't seen it this bad in previous BTC rallies.

The top 10 market cap coins are really struggling against BTC, even ETH is down over 30% in the past couple of weeks.

The crazy thing is that BTC only represents 38% of the crypto market cap, in other words the alt coins represent 62%.

I blame the exchanges. They are slack when it comes to USD or USDT alt coin pairs. They prefer to pair only with BTC.

If most alt coins were able to pair with fiat instead of going through BTC the market would improve greatly in terms of independence.

Getting close to the 30th hour of the one hour maintenance. Fingers crossed this time.

So why doesn't a billion dollar company like Binance have a full disaster recovery center at another location that they can flip over to anytime it's needed rather than having a 30 hour outage so far?

https://twitter.com/binance_2017

So they stall once again another 1-2hours, that's the 4th. stall now.

They just tweeted that it's another 1-2hours.

They keep moving the target.

Well, it's probably cost them over a $billion in lost trade today, plus whatever business they loose from pissing off clients for not giving warning of the maintenance.

https://support.binance.com/hc/en-us/articles/360000713851-System-Upgrade-Extension

Binance is down for maintenance for several hours today.

Still no word on why Cardano (ADA) withdrawals have been unavailable for over a week.

What's happening?

Why have Cardano (ADA) withdrawals been disabled for the past week?

I full wallet re-sync on the Cardano block chain only takes an hour or two, it's not that large yet.

Where, in US law, does it say that an exchange like Bittrex which doesn't deal in fiat, is classified as a "money transmitter" ?

Binance have some real problems atm. eg. you haven't been able to withdraw Cardano (ADA) for about a week, keeps saying network error which is BS, Cardano wallets elsewhere are working fine. I suspect they are overloaded with support issues, and Cardano withdrawals are just a side effect.

In which case it should effect all pre-paid Visa cards, not just crypto related ones.