Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25. Bitcoin investors’ sentiment worsened after Genesis Trading, …
Continue reading “Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry”
With online lenders, including crypto ones, one factor the majority take into consideration is the availability of getting a short-term loan. With online lenders, one factor the majority take into consideration is the availability of getting a short-term loan. If it is fast and easy, borrowers are more inclined to use the online website for …
Continue reading “Instant Cash Advance: How Does It Affect Your Credit?”
Senator Elizabeth Warren and Senator Sheldon Whitehouse have written to the U.S. Attorney General urging him to launch an investigation into FTX’s downfall. The lawmakers want the investigation to be conducted with utmost scrutiny. The letter accuses the bankrupt exchange of misleading investors by portraying a false sense of security. The exchange’s celebrity endorsers are …
Continue reading “U.S Lawmakers Want DOJ To Launch An Investigation Into FTX”
A new Bloomberg report claims that embattled crypto exchange FTX and its associate firms held a “substantially higher” cash balance than previously thought. Citing a bankruptcy filing by FTX’s proposed financial adviser Alvarez & Marsal North America LLC, the report says that FTX Group’s cash balances stood at $1.24 billion as of November 20th. The …
Continue reading “FTX Group Holds Total Cash Balance of $1,240,000,000: Report”
Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. According to a Nov. 22 letter reviewed by Cointelegraph, Bankman-Fried broke down the reasons behind FTX’s liquidity crisis and subsequent bankruptcy to employees. He largely confirmed information reported by media outlets amid the …
Continue reading “Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team”
Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly. The Cointelegraph Research Terminal VC database, which compiles comprehensive details on deals, mergers and acquisition activity, investors, crypto companies, funds and more, shows venture capital inflows plummeted 48.6%, …
Continue reading “Blockchain VC funding halves in October despite some strong raises”
According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China but now lives in Atlanta, says that the funds were his …
Continue reading “Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase”
Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Grayscale, GBTC still dominate crypto mood Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after fresh two-year lows the day prior. The pair left analysts guessing …
Continue reading “BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’”
The Bitcoin price prediction is now facing some mixed price action in recent days, with the crypto seeing multiple strong uptrends and selloffs. Bitcoin Prediction […] Go to Source
Summary: The devnet was built to trial withdrawal mechanisms for staked Ether post-merge. Multiple Ethereum clients like Lodestar and Teku will interact with the devnet, said ETH developer Marius Van Der Wijden. Devs plan to ship support for staked ETH withdrawals with an update dubbed “Shanghai”. An Ethereum devnet built to trial validator withdrawals for …
Continue reading “Ethereum engineers roll out staking withdrawal devnet”
Core Scientific, one of the largest publicly traded Bitcoin miners, might not make it until the end of the year. In its quarterly report filed with the SEC, the company said “substantial doubt” exists about its ability to continue going if it fails to raise liquidity. “However, the ability to raise funds through financing and …
CryptoSlate Wrapped Daily: Bitcoin miners continue to sell as realized loss from FTX exceeds LUNA collapse DCG CEO Barry Silbert expects $800M in 2022 revenue, FTX’s $121M worth of properties in the Bahamas, and much more in this edition of CryptoSlate Wrapped Daily. 19 hours ago · 4 min read Go to Source
CryptoSlate Wrapped Daily: Bitcoin miners continue to sell as realized loss from FTX exceeds LUNA collapse DCG CEO Barry Silbert expects $800M in 2022 revenue, FTX’s $121M worth of properties in the Bahamas, and much more in this edition of CryptoSlate Wrapped Daily. 19 hours ago · 4 min read Go to Source
In the latest episode of the CryptoSlate SlateCast, we caught up with Jason Fang from Sora Ventures to get insight into the Asian crypto market, learn why he decided to invest in CryptoSlate, and his overall view on the future of the blockchain industry. Sora Ventures is an Asia-based venture capital fund founded in early …
Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges. Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136,992 BTC had been withdrawn over the past 30 days, adding that the event was “historic.” The figure equates to 0.7% of the circulating supply. Accompanying the message, LeClair included an Exchange …
Continue reading “Record quantities of Bitcoin leave exchanges in readiness for contagion fallout”
