Ethereum has managed to record some profits after falling very close to the $1,100 price level. Nevertheless, the moderate profit is being withdrawn by the […] Go to Source
Monthly archives: November 2022
Mark Cuban: If I Were Sam Bankman-Fried, I’d Be Afraid of Going to Jail for a Long Time
The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he …
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment bank JPMorgan published …
Calls for regulation get louder as FTX contagion continues to spread
Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for the European Union, while United …
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Solana (SOL) Struggles As Investor’s Eye Bonanza Price; Is $5 Possible?
SOL’s price struggles to reclaim the key demand zone of $20 as the price trades around $13.5 SOL’s price remains weak as bears dominate the market; the price fails to break and close above $20 with so much uncertainty in the market SOL’s price trades below get the 50 and 200 Exponential Moving Averages as …
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Bitcoin At $1,000: Looking Back At Nine Years Of Bull Run
If the first part of the above headline about Bitcoin price had your heart pumping, it might be time to reduce the amount of leverage you are using. No, we aren’t calling for BTC to reach a target of $1,000 – we are instead looking back and celebrating the nine-year anniversary of the first time …
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Why The Bitcoin Miners’ Revenue Hit Lowest Point Since 2020
Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’ revenue has been on a downtrend since November 2020. Current Bitcoin Miners’ Revenue Meanwhile, BTC miners are experiencing some downturn in their revenue lately. This …
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Genesis Bankruptcy by EOY Now At 59% – Sentiment Of Bitcoin Investors Pivots
A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG last spoke out on November 18 via the social media platform. Investors, however, seem to take a rather positive view of the silence. …
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Bitcoin Seen Dropping To $10,000, This Asset Management Co-Founder Predicts
Bitcoin returned to the bottom of its current range and might see further downside pressure in the coming days. The cryptocurrency is still recovering from the collapse of FTX, the former second major crypto exchange in the world, and the contagion unleashed in the sector. As of this writing, Bitcoin has recorded a spike in …
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FTX resumes paying staff and contractors after weeks in limbo
Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help FTX and its approximated 101 affiliated companies (FTX Debtors) navigate their way …
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Ethereum Rival Solana (SOL) Not Dead Yet, According to InvestAnswers – Here’s Why
A popular crypto strategist says that Ethereum (ETH) competitor Solana (SOL) is still a viable project despite getting hammered by nearly 96% from its all-time highs. In a new video update, the host of InvestAnswers tells his 444,000 YouTube subscribers that bustling development activity on Solana is a sign that its fundamentals are still strong, …
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Crypto Lending Firm BlockFi Files for Chapter 11 Bankruptcy, Citing FTX Collapse
Crypto lending platform BlockFi is officially filing for bankruptcy after weeks of rumors surrounding the firm’s connections to FTX. Today, BlockFi announced its voluntary Chapter 11 filing, naming the collapse of FTX as the primary cause. “Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code… Maximizing value for all clients and …
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Here’s What’s Next for Cardano (ADA), Dogecoin (DOGE) and Polygon (MATIC), According to Popular Crypto Analyst
A popular crypto analyst is identifying the next moves to be made by three digital assets, including Ethereum (ETH) rival Cardano (ADA) and leading meme token Dogecoin (DOGE). The pseudonymous analyst known as Altcoin Sherpa tells his 187,000 Twitter followers that ADA doesn’t look ready to catch a bid despite being 90% down from its …
BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November. The suit was filed on Nov. 28 in the United States Bankruptcy Court for the District of New Jersey just hours after BlockFi filed for …
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From the NY Times to WaPo, the media is fawning over Bankman-Fried
Nearly three weeks have passed since FTX founder Sam “SBF” Bankman-Fried announced that his exchange was facing a deep liquidity crisis, was unable to find a last-minute bailout, and was forced to file for Chapter 11 bankruptcy. The insolvency impacted millions of investors, leaving many portfolios completely wiped out. Bankman-Fried has openly admitted that FTX …
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