Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.” “Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren’t* …
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Bitcoin Bulls and Bears Reach Indecision As BTC Price Hovers Above $19k Support – July 2, 2022 BTC/USD is fluctuating in a narrow range as BTC price hovers above $19k support. For the past week, the BTC price has been fluctuating between $18,800 and $19,900 price levels. Since July 1, the price action has been …
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India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI on Crypto’s Danger and Financial Stability Risks The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI …
The host of Mad Money, Jim Cramer, claims that “With the immolation of crypto, the Fed’s job is almost complete.” He stressed that “one front in the war on inflation that’s been an outstanding total victory for the Fed” is the battle against financial speculation. Jim Cramer on Fed’s Policy, Inflation, Crypto Jim Cramer discussed …
The crypto winter has frozen a lot more than market movements. Now, people’s livelihoods are at stake. And just like Sam Bankman-Fried predicted, crypto lending platforms hang by the ropes to stay liquid. Despite the FTX founder’s attempts to bail out Voyager, the situation has gotten worse. And just as the crypto gurus foresaw, Voyager …
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The much-anticipated Vasil hard fork has been completed on the Cardno testnet, bringing it one major step closer to becoming a reality on the mainnet and promising broad performance upgrades. Project developers, stake pool operators (SPO), and exchanges are now encouraged to deploy their work on the testnet to ensure integrations run smoothly when the …
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Cardano has slipped considerably on its chart over the last week. After losing support at $0.62, ADA has been on a freefall. On the daily chart, the coin has been trading in a descending channel. ADA has now secured $0.42 as its immediate support. Buying pressure has fallen on the chart as ADA has continued …
Continue reading “Cardano At $0.45, Which Levels Are The Bears Aiming For?”
Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin. As of this writing, DOGE is trading at $0.0653, down 4.5% in the last …
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Cardano (ADA) price experienced a protracted run along a falling angle formed on June 27, when the price was $0.52. Since then, ADA has retreated gradually to find support at $0.44. Nonetheless, ADA may be slowly returning to the green zone, as its price increased throughout the weekend’s session after plummeting to a low of $0.43 …
Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022’s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFi’s drama. While rumors have swirled for several weeks now about 3AC’s status, limited details with concrete information have been released. That’s evolving …
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Hackers appear relentless in attacking decentralized finance (DeFi), with scammers recently accelerating their attacks on the non-fungible token (NFTs) and its related space. Social media platforms associated with British Army are the latest victims, facing the wrath of criminals targeting NFT users. On July 3, hackers exploited the vulnerability existing on British Army’s Twitter and …
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Closely followed crypto analyst Justin Bennett says that sizable downward moves are coming for two large-cap digital assets as Bitcoin trades below the $20,000 level. Bennett tells his 101,000 Twitter followers that leading memecoin Dogecoin (DOGE) has broken down from a rising wedge pattern, which indicates the resumption of the downtrend. According to the crypto …
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most …
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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News …
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost funds to a hacker …
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