Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying out a shopping and bailout spree in the last few weeks. The Sam Bankman-Fried crypto exchange FTX is reportedly in talks to acquire the South …
Continue reading “Sam Bankman-Fried’s FTX is Reportedly Negotiating to Buy S. Korea’s Bithumb”
Bitcoin Price Prediction – July 22The business activity in the BTC/USD market holds over $22,500 in the following sessions. Price has been trading between the values of $22,815 and $23,602 at a positive percentage rate of 1.55. The last seven days’ low and high points are $20,518.90 and $24,196.82. Bitcoin (BTC) Statistics:BTC price now – …
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The Bitcoin price prediction is currently consolidating as the king coin couldn’t hold above the resistance level of $23,500. Bitcoin Prediction Statistics Data: Bitcoin price now – $22,696 Bitcoin market cap – $434.0 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging …
Coinbase CEO Brian Armstrong says the exchange informed authorities about a suspected insider tipping scheme involving a former employee. Indictment records show Coinbase former product manager Ishan Wahi tipped his brother, Nikhil Wahi, and his friend, Sameer Ramani, of the firm’s upcoming public listing announcements, which include information about new crypto assets the platform will …
The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world. According to a Friday announcement and information shared with Cointelegraph, Ukraine’s Ministry of Culture and Information Policy said the government’s Meta History Museum of War platform, aimed at preserving the timeline of …
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The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals …
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The latest episode of Market Talks welcomes Nicholas Merten, the founder of DataDash, one of the largest cryptocurrency YouTube channels. Merten is an international speaker, thought leader and crypto analyst. He has utilized his 10-plus years of experience in traditional markets to understand the potential of cryptocurrencies and help his 515,000 YouTube subscribers make better …
Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH’s …
Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and Elon Musk’s one-eighty-degree turn on the $44 billion acquisition deal as the main reasons for the negative earnings. Social media behemoth Twitter posted a lower-than-expected …
Summary: Trading on Zipmex partially resumed today, per an update from the crypto exchange. Maintenance on the platform’s “Trading wallet” concluded on Friday and users can now leverage the feature. The wallets allow customers to deposit fiat currency and digital assets. Zipmex’s Z wallet, a dedicated feature to incentivize deposits, remains suspended for traders. It …
Liquidity issues in the crypto market have forced some of the larger companies in the space to post transparency reports addressing the ongoing crisis. BlockFi, a centralized crypto lender, published its own quarterly transparency report after receiving a much-needed financial injection from FTX.US. The lender received a $400 million revolving credit facility from the U.S. …
Continue reading “BlockFi has $1.8B in outstanding loans, $600M of which are uncollateralized”
Recent events have demonstrated how brutal crypto investing can be. Since the market top, some eight months ago, approximately $2 trillion of capital has left the space leading to plunging prices. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the Crypto Asset Market Even though the …
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Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 59% decline during the quarter led to staggering losses for these companies based on their previous holdings disclosure. MicroStrategy MicroStrategy makes …
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“Fair value” is a term that’s not often used in the crypto market, but it’s one that can help investors position their trades to make the most out of the volatile market. Knowing a “fair value” of a crypto asset enables investors to know whether the asset is overvalued or undervalued at its current price. …
Continue reading “The MVRV-Z Score: a reliable top and bottom indicator”
The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than …
