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$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes – Cointelegraph

Bitcoin price suddenly crashed by roughly $1.4K in minutes to $10,600 and rebounded slightly as weekend volatility continues

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The price of Bitcoin (BTC) and Ethereums Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550.
BTC/USD 1-hour chart. Source: Tradingview
There appear to be two main reasons behind the sudden cascade of liquidations. First, the volume in the cryptocurrency market tends to drop during weekends. Second, the market was heavily swayed to longs or buy…

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UBS reports its best third quarter for a decade, with a 99% hike in net profit – CNBC

The world’s largest wealth manager, UBS, reported a jump in net income to $2.1 billion for the third quarter, beating analyst expectations.

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LONDON The world’s largest wealth manager, UBS, reported a jump in net income to $2.1 billion for the third quarter on Tuesday, easily beating analyst expectations. It marks a 99% jump from the same period a year earlier.
Analysts had expected the Swiss bank and asset manager to report $1.5 billion of net income for the third quarter, according to data from Refinitiv Eikon.
UBS said pre-tax profit for the period rose 92% to $2.6 billion, in what it described as its best third-quarter result in…

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2021 SsangYong Rexton facelift teased – UPDATE: Australian launch confirmed – CarAdvice

UPDATE. 3:30pm: The local arm of SsangYong has today confirmed the 2021 SsangYong Rexton facelift will make its Australian debut in the second quarter of 2021. …

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SsangYong’s family SUV is about to debut a more modern look that could win buyers where it has largely failed since its 2018 launch.
UPDATE. 3:30pm: The local arm of SsangYong has today confirmed the 2021 SsangYong Rexton facelift will make its Australian debut in the second quarter of 2021. Further details will be revealed in the lead-up to its launch.
The new-look Rexton will make its global debut in November.
October 20, 10:50am: A new look for the 2021 SsangYong Rexton is on the way, with…

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Coonan admits Crown facilitated money laundering at casino – Sydney Morning Herald

Crown Resorts chair Helen Coonan blamed “ineptitude” rather than the company deliberately ‘turning a blind eye’ to criminals banking their dirty cash with the c…

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Counsel assisting Naomi Sharp, SC, challenged the former Howard government minister on why Crown did not shut Suncity’s private room even after multiple red flags were raised that indicated money laundering was occurring within the gaming parlour.
Those red flags included 2017 footage leaked by Tasmanian independent MP Andrew Wilkie of tens of thousands of dollars in cash being taken from a blue cooler bag and exchanged for chips; AUSTRAC querying Crown in 2017 about why it was working with Mr …

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