CryptoSlate Wrapped Daily: FTX took $3.7B loss in 2021; Coinbase reveals Grayscale Bitcoin reserves Bank of England speculates FTX collapse is a result of FTT run, Litecoin recently climbs market cap ranking, and much more in this edition of CryptoSlate Wrapped Daily. 18 hours ago · 3 min read Go to Source
Monthly archives: November 2022
CryptoSlate Daily wMarket Update – Nov. 21: XRP, MATIC buck top 10 sell off
The cryptocurrency market cap saw net outflows of $15.1 billion over the last 24 hours and currently stands at $781.5 billion, down 1.9% over the reporting period. Bitcoin’s market cap fell 2% to $302.5 billion from $308.8 billion, Ethereum’s fell 3.3% to $132.6 billion from $137.1 billion. The majority of the top 10 cryptocurrencies sold …
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From Fine Art to Bored Apes and Punks: Blue Chip NFTs Owned by Celebs Lose Significant Value
During the week of Jan. 30 to Feb. 5, 2022, the search term “NFT” had a Google Trends (GT) score of 90 and today the GT score has dropped a great deal down to a score of 12. Not only has interest declined, but blue chip non-fungible tokens (NFTs) don’t hold the value they once …
Biggest Movers: LTC up 12%, Hitting a 3-Week High
Litecoin rallied to a three-week high on Nov. 22, despite the global cryptocurrency market cap mostly residing in the red. As of writing, the crypto market is down 1.11%, however, litecoin is up by over 12%. Another notable gainer has been chainlink, which rose for a second straight session. Litecoin (LTC) Litecoin (LTC) was a …
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FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between $1 billion and $2 billion has gone missing. …
Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50%
press release PRESS RELEASE. Seychelles, Nov 22, 2022 – Leading global cryptocurrency exchange Bitget announces that it has registered in Seychelles to aid global expansion. The exchange operates in a decentralised manner with no specific headquarters, with regional hubs in strategic markets, and plans to set up more regional hubs in the future. The exchange …
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Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder …
Bitcoin, Ethereum Technical Analysis: ETH Slips Below $1,100 Ahead of FOMC Minutes Report
Ethereum fell below $1,100 on Nov. 22, ahead of tomorrow’s much anticipated United States Federal Open Market Committee (FOMC) minutes release. Many are looking toward this report for hints from the U.S. Federal Reserve, in terms of when it could pivot from current policy. Bitcoin was also lower, hitting a key support point in the …
Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion
Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that this would be an important step for the construction of a common economic space, that would also include cryptocurrency as an …
Here’s Why XRP Price May Pump to $0.38 – But RobotEra Is a More Profitable Alternative
XRP has been one of the best-performing large-cap coins in the past 24 hours due to the recent developments in the Ripple ecosystem. However, investors […] Go to Source
Blockchain Analysis Firm Issues Alert, Says Over $60,000,000 in Crypto Stolen From FTX on the Move
Market intelligence firm Chainalysis warns that the bad actor responsible for draining funds from FTX is relocating $60 million worth of crypto assets. Chainalysis issued the alert over the weekend, encouraging crypto exchanges to be on the lookout should the hacker attempt to cash out. According to the blockchain analysis firm, the exploiter used the …
Bitcoin price returns to $16K amid warning over BTC whale selling
Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Thanksgiving buywall appears at $12,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recrossed the $16,000 mark, having set lows of $15,480 on Bitstamp. Momentum took the pair to …
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Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue
There’s no escaping it: the DeFi markets have cooled down over the past year. After breaking $180 billion in total value locked last November — coinciding with Bitcoin racing to a new all-time high of $68,700 — data from DeFiLlama shows the collective value of this market has now dwindled to around $40 billion. Nonetheless, …
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Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?
Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse. LTC price outperforms BTC, ET The 2011-born altcoin rallied nearly 16% month-to-date (MTD) to reach $62.75 on Nov. 22, outperforming its top rivals, Bitcoin (BTC) and Ether (ETH), which lo approximately 25% and …
Unique Web3 tech primed to democratize Internet of Things industry
We live in houses that are capable of monitoring and controlling a wide range of internal processes — from heating and cooling to security and surveillance mechanisms. Our cars keep track of external conditions and are well on their way to driving themselves. Our phones are constantly gathering valuable data and recording our activities — …
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