OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor Coatue Management marked down its investment from $120 million to $13 million.
Posts published on November 7, 2023 go to media archive 1/4
German Banking Giant DZ Bank Launches Crypto Custody Platform
One of the largest banks in Germany by total assets, DZ Bank, has launched a crypto custody platform. Additionally, the bank disclosed that alongside its solution for institutional customers, it is working on “an offer that allows private…
OpenSea Investor Coatue Cuts NFT Marketplace's Valuation by 90%: Report
Coatue also marked down its stake in MoonPay by 90%
Dogecoin Price Prediction – DOGE Rally To $0.085 Seems Imminent
Dogecoin is showing positive signs above the $0.0720 resistance against the US Dollar. DOGE could rally over 10% if it clears the $0.0765 resistance zone. DOGE started a decent increase above the $0.070 resistance against the US dollar. The price…
Ethereum Price Bullish Momentum Fades But ETH Bulls Still In Control
Ethereum price is still struggling to clear the $1,920 resistance against the US dollar. ETH is moving lower but downsides might be limited below $1,850. Ethereum is still struggling to clear the $1,920 level. The price is trading above $1,860 and…
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
Ripple also announced product enhancements and license updates, including a focus on payments between enterprises and smaller businesses.
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.
Former SEC Official Predicts ‘Big Win’ for SEC in Terra Lawsuit — Expects Continued Rejection of Ripple/XRP Ruling
Bitcoin Price Rejects $36K: Why Dips In BTC Are Still Attractive
Bitcoin price made another attempt to clear the $36,000 resistance. BTC struggled again and is now correcting lower toward the $35,200 support. Bitcoin again failed to clear the key $36,000 resistance zone. The price is trading above $35,000 and…
Bitcoin Throne Shaken? XRP And Emerging Tokens Steal The Spotlight
According to a recent Bloomberg report, the crypto market is experiencing a significant rally, with speculative demand expanding beyond the revival of Bitcoin (BTC). In November, gauges tracking the performance of the bottom half and mid-tier…
Stablecoin issuer Circle weighing up 2024 public launch: Report
Circle initially agreed to go public as part of a $4.5 billion merger in July 2021 but that deal fizzled out.
Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs
The new platform Tokenet hopes to capitalize on institutional interest following the potential approval of a spot Bitcoin ETF.
Altcoins Market Share Versus Bitcoin At A 4 Month High: What’s The Trigger?
Looking at Kaiko’s data shared on November 7 by Dessislava Ianeva, a Research Analyst at the blockchain analyst firm, it is evident that altcoins market share versus Bitcoin (BTC) has been rising in the past four months, reaching a 4-month…
Financial Giant Fidelity Addresses 9 Common Bitcoin Criticisms and Misconceptions
Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction
Bitcoin’s open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six months. Amid these high-interest levels, market analysts warn that Bitcoin may see a 20% price…
Marathon, Riot among most overvalued Bitcoin mining stocks: Report
Bitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrepancies between the mining stocks.
Bitcoin Price Climbs 93% Outshining Legacy Sector In Market Upturn
While still recording some profits, the Bitcoin price shows signs of exhaustion, at least on low timeframes. When zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the sector’s potential…
Convicted Sam Bankman-Fried’s Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury
Sam Bankman-Fried was convicted on all charges in the Department of Justice’s fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Commission (SEC) and the…
Wintermute claims NEAR backed out of $11M stablecoin redemption deal
Wintermute founder and CEO Evgeny Gaevoy says the NEAR Foundation reneged on an offer to convert $11 million worth of its stablecoin.
Crypto Analyst Says XRP Price Has Entered Markup Phase, Why This Is Important
The XRP price is still in an incredibly bullish position despite the recent pullback and the general sentiment in the community matches this bullishness. One crypto analyst explains the current trend as the altcoin having entered what is referred…
Crypto's Bromance With U.S. CFTC May Be One-Sided
Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday.
SOL Price Reaches $41, But What’s Happening In Solana Ecosystem?
Solana (SOL) has garnered significant attention in the cryptocurrency market, surpassing its peers with an impressive 79% upward trend over the past 30 days. As its price continues to soar, inquiries have arisen regarding the reaction of the Solana…
Robinhood to Expand Crypto Trading Into EU, Plans to Start UK Brokerage
The crypto trading platform for EU will start in "coming weeks."
U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments
A proposed rule would let the CFPB supervise nonbank payment providers and transactions between people, including some crypto transactions.
Expect new IRS crypto surveillance to come with a surge in confiscation
The Justice Department is claiming that it's "critical" for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off.
Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition
Data highlights Bitcoin's potential path to $40K amid global economic turbulence
Robust BTC derivatives data indicates strong demand for leverage longs.