December 1, 2022
For the last several months, the volatility of bitcoin appears to have calmed down somewhat. The world’s number one digital currency by market cap has, to one degree or another, been hovering around the $20K mark for some time, and while there are little moments here and there when it goes up or down, the range appears to be relatively consistent. Bitcoin Volatility Has Remained Relatively Still With all this in mind, it appears bitcoin trading has become rather “boring” as of late. This is the word some analysts have used to describe bitcoin and its present state of being, and some argue this isn’t necessarily a bad thing. The idea that bitcoin’s volatility is dying down somewhat suggests, according to several industry heads, that the asset has finally bottomed out. What has been an extremely rocky year for the leader of digital […]
December 1, 2022
The plan is initially available to customers hosted in Texas, South Carolina, Nebraska and Oklahoma.
December 1, 2022
A deal to buy Digivault, which is winding down operations, would include a crypto license in the United Kingdom.
December 1, 2022
Those undaunted by the contagion could potentially take advantage of steep discounts.
December 1, 2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
December 1, 2022
The country first set out its vision of becoming a global crypto hub in April.
December 1, 2022
The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum. It makes it possible to query data that is difficult to query directly.
December 1, 2022
The crypto mining sector is falling apart, and miners are being hit from all angles at the time of writing. Crypto Mining Is Beginning to Crash and Burn To be fair, the prices of many mainstream digital assets – such as bitcoin, the world’s number one digital currency by market cap – have remained relatively still over the past few weeks. While things are nowhere near as solid as they were a year ago, volatility has remained relatively low in the autumn and winter months compared to where they were in the summer. Bitcoin continues to hover at around $20K for the most part, so it’s not really prices that are hurting miners in the long run. However, while prices for digital assets are remaining somewhat still, the same cannot be said for energy prices, which continue to spike in recent months […]
December 1, 2022
Kraken, the world’s third-largest exchange by trading volume, announced cutting off its workforce by 30% to deal with current market conditions. Specifically, the San-Francisco based company has reduced its staff by 1,100 employees. When the crypto market was already facing long-lasting winter, the FTX fiasco added fuel to the fire by pulling down the Bitcoin price to a two-year low. Though the crypto exchange’s fall led global authorities to tighten regulations and start probes in various platforms, lower crypto prices also pushed cryptocurrency companies to cut their staff to survive in the bear market. Jesse Powell, Kraken co-founder and CEO, explained in a blog post that the platform had tripled its workforce during the previous bull market to offer its users a seamless experience. But, unfortunately, the market pullback pushed the company to bring its headcount back to where it […]
December 1, 2022
Bitcoin has been under the radar of the the European Central Bank and now the level of monitoring has grown to such extent that puts Bitcoin in a bad light. The ECB has made a caustic comment arguing against providing regulatory validity to bitcoin, claiming that the cryptocurrency is experiencing an “artificially induced” final hurrah before totally losing its importance. The ECB Market Infrastructure and Payments Division’s Jürgen Schaff and Ulrich Bindseil both emphasized how the most well-known cryptocurrency in the world has failed to replace or advance the current monetary system. Bitcoin’s logical structure and practical flaws, according to Schaff and Bindseil, make the cryptocurrency “doubtful” as a payment method. Prior to declining below USD 17,000 by mid-June 2022, the price of bitcoin reached a high of USD 69,000 in November last year. Since then, the price of Bitcoin […]
December 1, 2022
Crypto-focused venture capital firm Polychain Capital led the round.
December 1, 2022
The Arbitrum and Optimism blockchains are seeing the strongest momentum in terms of user trends, the report said.
December 1, 2022
The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digital rupee is slated to be used for purchases of goods and items amongst everyday residents. The RBI Is Boosting the Use of Its Digital Rupee Pratik Gauri – co-founder and CEO of 5ire, a blockchain company – explained in a recent interview: I believe blockchain and decentralization are necessary for the success of CDBC. In my opinion, what RBI should aspire for is to build a transparent and robust digital infrastructure. The interesting news is that the RBI initially announced the pilot program in a note on October 7, though it did not begin initiating the pilot program until Halloween (October 31) of this year. The note discussing […]
December 1, 2022
Rumors have surfaced in recent days that a landmark day in the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission could be coming up on Monday, December 5, or even tomorrow, December 2. At the center of the speculation are the Hinman documents. Ripple has succeeded in forcing the release of these documents as part of the legal battle. According to some legal experts, this may give the company an important bargaining chip against the SEC. The documents could provide background information on why William Hinman, the former director of the Division of Corporation Finance at the SEC, stated on June 14, 2018, that Bitcoin and Ethereum, but no other cryptocurrency, are classifiable as non-securities. The speculation is that if Ripple does not mention and publish Hinman as part of its summary judgment response filing, a […]
December 1, 2022
Fusion Digital Assets aims to offer a platform for matching crypto spot orders and execute trades
December 1, 2022
Bitcoin’s price needs to trade above its 21-week moving average to confirm a bottom, one trader said.
December 1, 2022
The local heavily indebted utility has received up to 4.6 GW of requests from miners looking to connect to the grid.
December 1, 2022
Curiously, the crypto industry was watching Sam Bankman-Fried’s (SBF) interview at the Dealbook summit a few hours ago. In the meantime, however, an extremely important shift in regulatory stance has occurred in the question of which other cryptocurrencies are commodities besides Bitcoin. The U.S. Commodity Futures Trading Commission (CFTC) has been publicly advocating for quite some time that both Bitcoin and Ethereum (ETH) are commodities. However, that regulatory assessment appears to have changed radically yesterday. Speaking at a crypto event at Princeton University, CFTC chairman Rostin Behnam stated that the only cryptocurrency that should be considered a commodity is Bitcoin. In doing so, he is doing a complete backpedal from previous statements when he implied that Ether is also a commodity. As Fortune reports, Behnam called the matrix of regulators an “imperfect system,” possibly to justify his new assessment, but […]
December 1, 2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of Manitoba is halting new connections of crypto mining centers to the province’s hydroelectric grid, the Canadian press reported. Officials explain the move with the potential for increasing energy demand that the region may not be able to meet. The suspension, imposed for a period of 18 months, will not affect the 37 currently active mining operations, according to an article by the Toronto Star. The measure is aimed at halting a growing number of requests to power new facilities with combined capacity amounting to a […]
December 1, 2022
The court has confirmed that FTX and Alameda owe BlockFi $1 billion after the former companies filed for chapter 11 bankruptcy protection. BlockFi’s attorney expressed optimism that the […]
December 1, 2022
EOS price is facing resistance near the $1.0 zone against the US Dollar. The price is now trading above $0.92 and the 55 simple moving average (4-hours). There was a break above a connecting bearish trend line with resistance near $0.930 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could rise further if it clears the $0.99 and $1.00 resistance levels. EOS price is struggling below $1.00 against the US Dollar, similar to bitcoin. The price might attempt to rise if there is a clear move above $1.00. EOS Price Analysis Earlier this month, EOS price saw a major drop below the $0.950 support zone against the US Dollar. The price traded below the $0.92 and $0.90 levels to enter a bearish zone. The pair accelerated lower below the $0.85 support zone and settled well […]
December 1, 2022
For FTX and Sam Bankman-Fried, it was a sky-high ride and thus far, a meteoric crash of nearly unparalleled proportions. Now, SBF has made his first ‘public appearance’ since FTX’s meltdown, despite many crypto spectator’s disdain. Let’s review some of the major points of review in SBF’s Dealbook Summit appearance. Sam Bankman-Fried Appears On Dealbook Summit Crypto communities have expressed quite a bit of frustration and dumbfoundedness seeing SBF’s name across the Dealbook Summit’s speaker session since being announced earlier this month. Bankman-Fried’s video chat session at the Dealbook Summit was covered online through a New York Times live business channel feed. Presenting himself in similar fashion as he had pre-downfall, Bankman-Fried appeared on camera in a simple black t-shirt and Here’s a few of the biggest hits: Early in the session, the panel audience – who shelled out over […]
December 1, 2022
ALSO: Sam Reynolds writes that shipping giant Maersk and IBM’s decision to wind down TradeLens highlights the failure of blockchain-based transparent ledgers, which once held great promise in a range of industries.
December 1, 2022
Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese crypto market as a regulated entity. “The Japanese market will play a key role in the future of cryptocurrency adoption,” said the general manager of Binance Japan. Binance Entering Japan Cryptocurrency exchange Binance announced Wednesday that it has acquired 100% of Sakura Exchange Bitcoin (SEBC), a Japanese crypto exchange service provider that is regulated by Japan’s top financial regulator, the Financial Services Agency. The announcement explains: Through this acquisition, Binance enters the Japanese market as a Japan Financial Services Agency (JFSA) regulated entity. “By offering Japanese-regulated services through SEBC, Binance aims to support a responsible global environment for cryptocurrencies,” the announcement adds. The Tokyo-based crypto exchange SEBC offers brokerage and consultation services to its customers. The trading platform currently supports 11 trading […]
December 1, 2022
Litecoin started a strong increase above $65 against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $68.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $85 resistance zone. Litecoin price is rising steadily above $70 against the US Dollar, similar to bitcoin. LTC price could continue to move up if it remains well bid above the $68 level. Litecoin Price Analysis In the past few sessions, there was a decent increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a base above the $62 level and started a fresh increase. There was a clear move above the $68 and $70 resistance levels. […]
December 1, 2022
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and crypto is big enough that we’ve had substantial harm with investors.” Treasury Secretary Janet Yellen on FTX Implosion and the Need for Adequate Crypto Regulation U.S. Treasury Secretary Janet Yellen talked about the need for adequate crypto regulation following the collapse of crypto exchange FTX at an event hosted by the New York Times Dealbook Wednesday. She said: I have been skeptical, and I remain quite skeptical. While emphasizing the importance of ensuring that crypto assets have adequate customer protections, the treasury secretary noted that it is also important to remain open to financial innovations, particularly those that could lower cross-border transaction costs and help improve financial […]
December 1, 2022
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.
December 1, 2022
The New York Times’ Andrew Ross Sorkin interviewed former FTX CEO Sam Bankman-Fried on Wednesday, Nov. 30, as part of the Times’ DealBook Summit. Here is a rough transcript of that conversation.
December 1, 2022
LBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on.
December 1, 2022
Axie Infinity, like most cryptocurrency games, has provided players with an awful experience.
December 1, 2022
Despite Facebook’s new name, focus and billions in investment, the metaverse will emerge drastically different from its vision.
December 1, 2022
In a highly anticipated interview at Wednesday’s Dealbook Summit, Sam Bankman-Fried expressed regret over his exchange’s collapse, but clung to the narrative that it was all just a bet gone wrong.
December 1, 2022
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
December 1, 2022
Data shows the Bitcoin spot trading volume outside Binance has fallen to its lowest value since the February of 2021. Bitcoin Trading Volume Continues To Tumble As Market Calms Down As per the latest weekly report from Arcane Research, volume including Binance is still at a high level right now. The “trading volume” here is an indicator that measures the total amount of Bitcoin moved on the Bitwise 10 exchanges in a day. While the Bitwise 10 exchanges don’t make up the entire spot market, volumes on them still provide a reliable approximation for trends in the entire sector. When the value of the trading volume is high, it means investors are taking part in large amounts of trades on exchanges right now. Such a trend suggests the market is active currently. On the other hand, low values imply holders […]
December 1, 2022
Data shows the Bitcoin mining hashrate has continued its sharp plunge in the past week, as miners give up due to low revenues. Bitcoin 7-Day Average Mining Hashrate Has Rapidly Gone Down Recently According to the latest weekly report from Arcane Research, a miner capitulation might not have much impact on the price this time. The “mining hashrate” is an indicator that measures the total amount of computing power connected to the Bitcoin network. When the value of this metric goes up, it means miners are bringing more machines online right now. Such a trend shows miners are bullish on the crypto in the long term. On the other hand, a decrease in the indicator’s value suggests miners are disconnecting some of their rigs currently. This kind of trend implies miners aren’t finding the blockchain attractive to mine on at […]
November 30, 2022
Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency
November 30, 2022
November 30, 2022
The exchanges will cooperate progressively in HT coin development, liquidity sharing and global compliance, plus Huobi will monitor Poloniex for new projects to list.
November 30, 2022
Sam Bankman-Fried was speaking at the New York Times’ DealBook Summit live on Nov. 30.
November 30, 2022
Bitcoin price quickly pushed above the $17,000 level and major US stock indices exploded higher on the heels of some of the most dovish remarks by Fed Chair Jerome Powell in nearly a year. Don’t Fight The Dovish Fed Tone Change The quote “don’t fight the Fed” has never been more proven than in recent months, as the hawkish tone the head of the US central bank has sent cryptocurrencies and equities into a bear market. Bitcoin fell from $69,000 to $15,500 after the Fed revealed its plan to increase interest rates and tame the worst consumer price inflation in over 40 years. In a speech today at Hutchins Center on Fiscal and Monetary Policy, Brookings Institution, Washington, DC, Fed Chair Jerome Powell revealed the central bank would slow its aggressive rate hikes, beginning as soon as this upcoming December’s […]
November 30, 2022
The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.
November 30, 2022
From boosting the hospitality industry to creating new experiences for music fans, brands are finding new ways to use NFTs for real-world perks.
November 30, 2022
“The skepticism doesn’t bother me that much,” the CEO of Facebook’s parent company said at the New York Times Dealbook Summit on Wednesday.
November 30, 2022
Developers should move their applications over to either the Goerli or Sepolia testnets.
November 30, 2022
Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times.
November 30, 2022
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to.
November 30, 2022
Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures.
November 30, 2022
The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith.
November 30, 2022
FTT, Serum’s SRM and Solana’s SOL tumbled following the FTX collapse in November. Bitcoin had its worst loss in five months.
November 30, 2022
Federal Reserve chair Jerome Powell said that “it makes sense to moderate the pace of our rate hikes” as soon as December.
November 30, 2022
It is the first open source loyalty program using the NEAR protocol and aims to reach one million consumers throughout Latin America.
November 30, 2022
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s last stand.” The ECB authors further say that while bitcoin’s price has consolidated and stabilized, the central bank officials remarked that “it is an artificially induced last gasp before the road to irrelevance.” Members of Europe’s Central Bank Believe They Predicted Bitcoin Would Be Heading Toward ‘Irrelevance’ Before FTX Went Bust Two members of Europe’s central bank, Ulrich Bindseil, the director general of the ECB’s market infrastructure and payments division, and Jürgen Schaaf, an advisor to the ECB’s payments sector, published a blog post about the leading crypto asset bitcoin (BTC). The ECB blog post is called “Bitcoin’s Last Stand,” and the writers claim the crypto asset is becoming irrelevant. […]
November 30, 2022
AtomicDEX Web can be accessed through any internet browser.
November 30, 2022
Broker-dealer and crypto trading platform INX Digital (QTCQB: INXDF) has entered the bidding contest for bankrupt cryptocurrency lender Voyager Digital.
November 30, 2022
U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, has widely been seen as the linchpin of legislation to set up oversight of the cryptocurrency industry. While his crypto suspicions have been clear in hearings, his plans for specific bills remained quiet until now.
November 30, 2022
Howard Fischer, a Moses Singer LLP partner, discusses why the SEC is more concerned with regulating crypto than getting the $30 million BlockFi owes the agency.
November 30, 2022
The financial industry, collectively, has greater domain expertise than can be expected of regulators. This reality invites transparent, fully accountable, self-regulation.
November 30, 2022
The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance.
November 30, 2022
The self-proclaimed hacker demanded $450,000 after falsely claiming to be in possession of sensitive Coinbase customer data.
November 30, 2022
The messaging app is pushing ahead with its buildout of crypto infrastructure.
November 30, 2022
The stewards of the TON network have set up a ‘rescue fund’ with a soft commitment of $126 million to support projects experiencing liquidity problems as a result of the FTX fallout.
November 30, 2022
The exchange shuttered on Nov. 13 after a reported hack.
November 30, 2022
Crypto exchange and custody businesses are among entities that will have to identify and keep records for new and existing clients.
November 30, 2022
Pick n Pay, a grocery retail outlet, has said “yes” to crypto payments and will now allow customers to pay for their items with assets like bitcoin and Ethereum. Pick n Pay Says “Yes” to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down. It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their […]
November 30, 2022
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains, cryptocurrency prices remained in the green on Wednesday, with the global market capitalization up 2.07% as of writing this. Near protocol also surged today, as prices rebounded from recent lows. Litecoin Litecoin (LTC) moved closer to a six month high on Wednesday, as the token rose for a second straight session. LTC/USD rallied to an intraday high of $79.73 earlier in today’s session, less than 24-hours after trading at a low of $75.21. The move saw LTC climb to its highest point since last Wednesday, when the token hit a high of $83.43. This was the strongest point litecoin was trading at since May 10, and comes as the relative strength index (RSI) rebounded from a recent […]