Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21. However, a spokesperson for Genesis told Cointelegraph that …
Monthly archives: November 2022
FTX Lawyers Acknowledge Company Mismanagement At First Bankruptcy Hearing
The new CEO of FTX has assembled an investigation team to trace and secure company assets. Attorneys appearing for the exchange have admitted to poor management of the company. The lawyers have acknowledged the exchange’s unreliable financial records and compromised systems. FTX’s lawyers have outlined the misappropriation of funds for the purchase of millions of …
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President Biden and Other G20 Leaders Call for New International Crypto Regulatory Regime
US President Joe Biden and other heads of states from the Group of 20 (G20) are calling for international regulations on cryptocurrencies. According to a G20 statement issued by the White House, the leaders of the 20 largest economies in the world agreed at a recent summit in Indonesia there is a need to advance …
Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng Zhao, chief executive officer of crypto exchange Binance, has denied a report claiming he met with investors in Abu Dhabi in an effort to raise cash for the company’s crypto recovery fund. According to a Nov. 22 report from Bloomberg, CZ and others affiliated with Binance discussed raising cash for its proposed fund, aimed …
The rise of mobile gaming shared a lot in common with crypto gaming
Over the last decade, mobile gaming has become a consequential pillar of the interactive entertainment market. Thanks to access to smartphones, users the world over have been brought into the sphere of hardcore gamers. Now, the emergence of blockchain technology is creating a paradigm shift, offering players the ability to both truly own the assets …
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‘Substantial amount’ of FTX’s assets stolen or missing — bankruptcy counsel
James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks. In a livestream of FTX Trading’s bankruptcy proceedings on Nov. 22, Bromley said new FTX CEO John Ray had laid …
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Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest …
Here’s How the Future is Welcoming to Cryptocurrencies on Digital Platforms
With the world progressing every day for a better tomorrow, technology continues to improve and cross boundaries previously unthought of. Moreover, the intersection of technology and science with other aspects of existence means improving these avenues. Take, for instance, the financial and entertainment arenas. Technology has penetrated these two arenas and provided even newer products. …
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Celo Price Prediction for Today, November 22: CELO Approaches $0.60 Level
The Celo price prediction reveals that CELO is changing hands at $0.528 as the technical indicator Relative Strength Index (14) faces up. CELO Prediction Statistics […] Go to Source
Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender
Summary: Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns. The crypto lender tried to secure capital from Binance and Apollo but both entities turned down the chance. Genesis launched efforts to raise capital after exposure to FTX, Sam Bankman-Fried’s troubled crypto exchange. Major crypto lender Genesis might go bankrupt …
Justin Sun wants to reportedly buy FTX assets
Sun revealed that Huobi and Tron executives were currently in talks with FTX in the Bahamas. 1 min read Updated: November 22, 2022 at 5:59 pm Cover art/illustration via CryptoSlate Tron (TRX)founder Justin Sun revealed interest in buying FTX assets to journalists in Singapore, The Wall Street Journal reported on Nov. 22. The popular crypto founder …
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Binance CZ denies Bloomberg report of Abu Dhabi fundraising attempt
Reports that CZ has been seeking funding from Abu Dhabi investors has been called ‘false’ 2 min read Updated: November 22, 2022 at 5:57 pm Cover art/illustration via CryptoSlate The CEO of Binance, CZ, has denied a report published by Bloomberg on Nov. 21 that he was seeking investment for an industry recovery fund. CZ …
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Research: Long-term Bitcoin holders stubbornly hold on despite 33% holding losses
Bitcoin fell as low as $15,500 on Nov. 21, marking a 106-week low for the leading cryptocurrency. Market sentiment remains fragile as anger over the FTX fiasco turns to acceptance, and the magnitude of what happened finally sinks in. Worse still, the full extent of the black hole is not known at this time. While …
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FTX bought $121M properties in Bahamas within 2 years
Sam Bankman-Fried’s parents were owners of a $16.4 million vacation home. 1 min read Updated: November 22, 2022 at 4:49 pm Cover art/illustration via CryptoSlate Bankrupt crypto exchange FTX, alongside senior executives at the firm and parents of Sam Bankman-Fried, bought at least 19 properties worth $121 million in the Bahamas within the last two …
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Craig Wright creates ambiguity over Satoshi posts on BitcoinTalk forum
Craig Wright, who famously claims to be Satoshi, the investor of Bitcoin, appears to have conflicting views as to the relevancy of Satoshi’s posts on the notorious BitcoinTalk forum. In a blog post from March 2020, Wright stated that not all posts coming from the Satoshi account on BitcoinTalk actually belonged to Satoshi. “It is …
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