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Bitcoin Price and Ethereum Hold Crucial Support, Huobi Token Gains 10%
22.11.2022
Bitcoin hit a two-year low on Tuesday morning in Asian trading as investors drove down prices for most cryptocurrencies over fears that the failure of the FTX.com cryptocurrency exchange on November 11 could lead to the insolvency of other businesses with ties to the exchange.
Ethereum,...
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
Uniswap's new privacy policy sees backlash from decentralization buffs
22.11.2022
Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency
Iris Energy to cut mining hardware after defaulting on $108M loan
22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’
22.11.2022
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn’t “one fraudulent company in a serious industry.” Stating that the “Entire notion of crypto is nonsense,” the Fed president claimed it is “just a tool...
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
22.11.2022
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy
FTX crisis leads to record inflows into short-investment products
22.11.2022
The aftermath of FTX’s collapse has soured crypto investor sentiment with "record” inflows into short-investment products last week, said CoinShares
Genesis denies 'imminent' plans to file for bankruptcy
22.11.2022
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’
22.11.2022
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO...
On the move: FTX hacker splits nearly $200M in ETH across 12 wallets
22.11.2022
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
22.11.2022
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult...
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
21.11.2022
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
High sentiment in FTX's shadow: event recap for Texas Blockchain Summit
21.11.2022
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
21.11.2022
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
21.11.2022
'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
21.11.2022
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
21.11.2022
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 leading crypto asset ethereum shed 7.61% on Monday...
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
21.11.2022
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 Price Prediction – Bulls Target $0.50 as XRP Remains Green for the Week
21.11.2022
XRP price prediction remains bullish, after gaining immediate support near $0.3460. The XRP coin had been trending upward for several days, but it was unable to maintain that momentum, falling from a high of $0.3920 to a low of $0.3200. ...
Read More: XRP Price Prediction – Bulls Target $0.50...
Lido fundamentals shine even as the wider crypto market struggles to regain traction
21.11.2022
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers