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.
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…
Why The Bitcoin Price Has A High Chance Of Resting At $16,000
The Bitcoin price is trending to the downside and seems on track to retest its yearly lows at $15,550. The nascent asset class is facing the fallout of the FTX’s collapse. Once the world’s second-largest crypto trading platform, the…
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…
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…
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…
Bitcoin Slips Below $16k As Older Whales Show Signs Of Dumping
On-chain data shows signs of dumping from the Bitcoin whales as the price of the crypto dips below $16k. Bitcoin Exchange Inflow CDD Has Spiked Up In Recent Days As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins…
Avalanche TVL Hits 271 Million AVAX, Following Weeks Of Setbacks
Some cryptocurrencies, including Avalanche (AVAX), saw modest gains even as the overall market suffered from a prolonged downturn. To date, AVAX TVL has gone up from 120.11 million to 123.7 million, an increase of approximately 3% as of press time…
BTC Has Died 466 Times — 2 More Death Calls Added to the Bitcoin Obituaries List After FTX Collapsed
Just before the FTX collapse, bitcoin was trading above the $20K zone and after the problems started to show and the company filed for bankruptcy, bitcoin’s price dropped close to 19% lower than it was days before the fiasco. According to…
Ethereum Struggles To Hold Above $1,000 As Bears Push Harder; Will Price Go Lower?
ETH’s price lost its demand zone as the price struggled to break above $1,250. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price…
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive…
Major Reveals From The FTX Bankruptcy Filing, What’s The Takeaway?
With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system. FTX filed for bankruptcy last week, but…
Should Full Replace-By-Fee Be Merged Into Bitcoin Core?
Weighing the pros and cons of the current debate in the Bitcoin community about whether to include full RBF into the next Bitcoin Core update.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynIn this episode…
Election tally: Does blockchain beat the ballot box?
With election integrity under assault in the United States and elsewhere, is blockchain technology part of the solution? Greenland explores voting options.
Polkadot Snags No. 1 Spot In Dev’t Activity This Month – Time To Go Long On DOT?
Certainly a welcome change for those who work in crypto. Despite widespread doom and gloom, Polkadot native coin, DOT, has become the most discussed cryptocurrency in the community. Still, that’s not the end of the good news. A recent tweet…
Billionaire Bill Ackman Touts Altcoins Helium (HNT) And DIMO – Why?
Another billionaire shilling another shitcoin or a good advice on a legitimate crypto project with strong fundamentals? This is the question crypto investors are likely to ask about a recent thread about Helium (HNT) and DIMO by billionaire Bill…
Bitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. Hong Kong-based crypto ATM firm Genesis Block halted its operations, as it looks to stabilize its liquidity…
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