Monthly archives: November 2022

Bitcoin price is struggling to clear the $17,000 resistance zone. BTC must stay above $16,000 to avoid more losses in the near term. Bitcoin is still consolidating above the $16,350 and $16,000 support levels. The price is trading just above $16,500 and the 100 hourly simple moving average. There is a major bearish trend line …

Continue reading “Bitcoin Price Resists But Breaking This Resistance Could Encourage Bulls”

What happened here was not a mistake; it is not that they were hacked. They took several decisions to put at risk customer assets. The crypto industry saw dark days over the past week. FTX, the former second-largest exchange in the world, crumbled. The fallout continues to ripple across the industry, with FTX-backed companies filing …

Continue reading “Paolo Ardoino Talks FTX, Adoption And Self-Custody With NewsBTC”

Bitcoin miners are usually some of the longest holders of BTC but that is usually when the bull market is in full swing and they do not have to worry about cash flow. Currently, the cash flow on bitcoin miners has plummeted and as the price of the digital asset continues to trend low, bitcoin …

Continue reading “Bearish Signal: Bitcoin Miners Dump 7,700 BTC In One Week”

 MATIC’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.  MATIC’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  MATIC’s price continues to hold $0.75 on the daily …

Continue reading “Polygon Continues To Build Despite Market Turbulence; Here Are Levels To Watch”

The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. As a result, many firms have announced a potential financial crisis if their funds remain unrecovered. Several Users …

Continue reading “This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims”

Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14. In the Nov. 15 document, Simms filed for Chapter 15 Bankruptcy …

Continue reading “Bahamian liquidators reject validity of FTX’s US bankruptcy filing”

The former CEO of FTX Sam Bankman-Fried has expressed deep regret over filing for Chapter 11 bankruptcy last week, calling it his “biggest single fuckup.”  In a wide-ranging interview with VOX which was published on Nov. 16, Bankman-Fried reportedly answered questions on a number of topics such as the Nov. 11 Chapter 11 bankruptcy filing, …

Continue reading “Sam Bankman-Fried says he regrets filing for bankruptcy: Report”

Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet to its 2.2 million followers, adding that the decision was made …

Continue reading “Esports team TSM suspends $210M sponsorship deal with FTX”

A leading analytics firm is keeping a close watch on Trust Wallet Token (TWT) after the mid-cap altcoin skyrocketed 143% within seven days. TWT is the native asset of Trust Wallet, a non-custodial app that allows users to have full control over their crypto assets. According to Santiment, TWT started getting a lot of attention last …

Continue reading “Analytics Firm Santiment Weighs In on Trust Wallet Token After TWT Exploded Nearly 145% in Just One Week”