Analyst Who Nailed May 2022 Bitcoin Crash Forecasts 50% Drop for Two Large Cap Crypto Assets

A widely followed crypto analyst who predicted the Bitcoin (BTC) crash in May 2022 says that two top-10 digital assets could soon face steep drops in price. Pseudonymous crypto trader Capo tells his 677,000 Twitter followers that he expects the leading smart contract platform Ethereum (ETH) to correct somewhere between $600 and $650. Source: Capo/Twitter …

It’s time for crypto fans to stop supporting cults of personality

Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences.  …

New York’s mayor seeks balance with regulators after PoW mining moratorium

New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.  The comments follow the new law signed by New York governor Kathy Hochul, banning proof-of-work …

Op-Ed: How the crypto industry is responding to the FTX collapse

Millions of cryptocurrency traders who previously used FTX are left wondering if they’ll ever receive their funds after the exchange collapsed and subsequently filed for Chapter 11 bankruptcy. It could take years for the digital asset industry to recover. So is it all doom and gloom? Or is there some kind of positive takeaway behind …

Energy is the master resource but it could be Bitcoin that reigns supreme

The fight for energy has brought the E.U. to its knees as it struggles to satisfy demand with a weakened currency and rising prices. However, the aftermath of Europe’s energy struggle could be beneficial to Bitcoin. Cover art/illustration via CryptoSlate Nothing shines a light on the importance of energy as much as a fast-approaching winter. …

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized. Binance’s CEO on Crypto Regulation After FTX Collapse The CEO of Binance, Changpeng Zhao (CZ), talked about cryptocurrency …

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’

After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s …

Report: State Securities Regulators Probe Crypto Lender Genesis

State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have violated securities laws without filing the proper registrations. Report Says Financial Regulators Are Investigating …

One Crypto Firm Poses Bigger Risk to Markets Than FTX, According to Ava Labs President Says

The president of the tech firm behind Avalanche (AVAX) says that the implosion of a major digital asset lender would have more severe consequences for the crypto markets than the recent FTX fiasco. In a new Bloomberg interview, Ava Labs president John Wu says that the possible meltdown of Genesis Global Capital poses a bigger …

Amazon Prime Video Commissions Eight-Episode TV Series on Embattled Crypto Exchange FTX: Report

An eight-episode series based on the fall of Sam Bankman-Fried and his FTX crypto exchange is reportedly in the works at Amazon Prime Video. According to Variety, the online retail giant’s streaming service has tapped Joe and Anthony Russo’s production company, AGBO, to create the series about FTX’s implosion. The brothers are best known for …

A US Senate hearing will discuss FTX, New York bans proof-of-work and FTX evaluates its assets: Hodler’s Digest, Nov. 20-26

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Tornado Cash developer Alexey Pertsev to stay detained until next …

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