Genesis denies 'imminent' plans to file for bankruptcy
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.
External news feeds 1811/1839
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’
On the move: FTX hacker splits nearly $200M in ETH across 12 wallets
Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds.
Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
Here’s Why Ethereum Is Not Out Of The Woods Yet
Ethereum has been seeing some significant downside coming out of the weekend. This was triggered by the FTX hacker, who currently holds hundreds of thousands of ETH, dumping some of those coins for Bitcoin over the weekend. After dumping around…
Why is Bitcoin price down today?
Bitcoin price is down again, but what are the primary reasons behind BTC’s drawn-out decline?
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.
Polygon Faces Decision Time As Price Sits On Key Support; Will $0.7 Hold Sell-off?
High sentiment in FTX's shadow: event recap for Texas Blockchain Summit
Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.
Cardano to launch new algorithmic stablecoin in 2023
'Djed' is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
BOE’s Cunliffe says regulation can save crypto from itself and it’s worth the effort
Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second…
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange.
Lido fundamentals shine even as the wider crypto market struggles to regain traction
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.
The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21
The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.
XRP Holds Gains While Crypto Market Plummets Badly
XRP, the native token of the Ripple ecosystem, continues to hold gains despite the market downturn. The token saw an inter-week surge of up to 14.2% from $0.345 to $0.394. While it has dropped from that high, it still holds up to 2.08%. However, it…
Price analysis 11/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Crypto markets have started the week on a weak note, suggesting that buyers remain skeptical about buying any significant dips.
Why The Bitcoin Price Has A High Chance Of Resting At $16,000
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts
Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like…
Bitcoin Holders Selling At Large Losses, Is Final Capitulation Here?
On-chain data shows Bitcoin holders have been selling at large losses on the level of previous bottoms, suggesting that the final capitulation for the cycle may be here. Bitcoin 7-Day MA aSOPR Has Sharply Gone Down Recently As pointed out by an…
Kenyan legislation establishes crypto taxation, creates consumer protections
The country’s first effort at crypto regulation amends its Capital Markets Law to define crypto as a security and establish reporting, tax and other requirements.
FTX Hacker Mobilizes Ethereum Again, Lock And Loaded For The Dump?
Massive selling pressure from the crypto exchange FTX hacker hit Ethereum; the bad actor has been dumping the cryptocurrency during the weekend. This “dumping,” selling an asset in the market, is creating panic in the crypto market. The hacker…
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics…
My story of telling the SEC ‘I told you so’ on FTX
I asked the SEC to take public comments on issues related to cryptocurrency custodians and intermediary conflicts. The SEC declined to take my advice, and FTX fell apart soon after.
FTX Japan plans to resume withdrawals by 2023: Report
Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10 prior to FTX Group declaring bankruptcy in the United States.
Bitcoin Recovery Only Temporary As All Roads Lead To $15,000
Bitcoin recovered above $16,000 in the early hours of Monday after hitting $15,600 on Sunday. With the continued trend above $16,000, it is starting to look like the digital asset is finally on a path to recovery but this is not the case. The…
Biggest Movers: NEAR Slips to 16-Month Bottom, ALGO Over 11% Lower on Monday
Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another…
Bitcoin price levels to watch as traders bet on sub-$14K BTC
Bitcoin bear market lows come in various shapes and sizes but BTC price is due to dip further, many analysts say.
Ethereum Price Dips As 400,000 ETH Moved From Crypto Exchanges
Ethereum has seen a decline over the past 24 hours. Being hit with new selling pressure, the world’s second-largest crypto asset has plummeted by over 8%. Despite its recent pressure, the whales have become more intense on ETH. The crypto…