Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused …
Monthly archives: November 2022
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation …
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4 Best Cryptos to Buy Now, November 16: STX, CHZ, TAMA and IMPT
Some market participants are starting to profit from the RSI’s oversold signal, while other bulls wait for the moving average to issue the buy signal […] Go to Source
Check out Why the Bitcoin Price boosted around 3% in 24 Hours
The most recent inflation figures on Tuesday appeared to show that the U.S. central bank was now succeeding in its fight against inflation, which delighted […] Go to Source
Former Kraken CEO Jesse Powell Says Mainstream Media Complicit in FTX ‘Ponzi’
Former Kraken chief executive Jesse Powell thinks the mainstream media shares some of the blame for the FTX fiasco that rocked the crypto world last week. Powell took aim at a New York Times article about FTX CEO Sam Bankman-Fried that was published on Monday. The former CEO accuses the paper of being too sympathetic …
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Coinbase Files Brief in Support of Ripple Labs in XRP Lawsuit, Asks Judge To Deny SEC Summary Judgement Motion
Coinbase is filing an amicus brief in support of Ripple Labs amid the San Francisco payment company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The top US crypto exchange requested permission to file the brief in late October and on Monday, U.S. District Judge Analisa Torres ruled that Coinbase and all …
27,000 requests last year: Collaboration key for Binance’s Investigations team
Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world. Various research reports have highlighted the use of cryptocurrencies for illicit means, with varying degrees of severity since Bitcoin’s inception in 2009. This has ebbed and flowed but crypto is …
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Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining the decision, the firm cited “unprecedented market turmoil” related to the collapse of troubled cryptocurrency exchange FTX, resulting in “abnormal” levels of withdrawals that …
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Abu Dhabi grants Binance financial services permission, economist hits out
Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region. An official announcement from the United Arab Emirates capital’s financial center confirmed that Binance will be cleared to offer cryptocurrency custodial services to professional clients once it has met the requirements for …
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How are ‘lite’ versions of crypto apps helping adoption?
Companies become industry giants when they provide the best user experience in the simplest form possible. Google, for example, has the most advanced search engine on the whole planet. And how does it provide that sci-fi-level technology to the user? By a simple, one-line search bar. Apple’s motto is removing the hardware from the user …
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Genesis Global Capital Hit By FTX Contagion, Withdrawals Suspended Till Further Notice
Summary: Another crypto firm announced changes to operations due to FTX’s contagion. The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk reported. Interim CEO Cerar Islim delivered the update during a client call. The operational change did not affect Genesis Trading, the company’s trading division that …
Polkadot Price Prediction for Today, 16 November: DOT May Commence Bullish Movement
There is an increase in bullish momentum in Polkadot market DOTUSD Price Analysis – 16 November Should bears’ pressure increase, Polkadot will equally decrease and […] Go to Source
BNB Price Prediction – BNB Is Just Below $275. Is $280 Coming Back Today?
The crypto market has been dealing with a lot lately with the untimely collapse of FTX, one of the largest crypto exchanges. This came as […] Go to Source
Ethereum Whale Abruptly Moves Over $250,000,000 in ETH As Markets Teeter – Here’s Where the Crypto Is Heading
An Ethereum (ETH) whale is abruptly transferring more than $250 million worth of ETH to the crypto exchange Bitfinex. An unknown wallet sent 100,000 ETH worth more than $126.3 million to Bitfinex early Monday morning, according to the blockchain-tracking platform Whale Alert. Then, about 22 minutes later, the same wallet sent another 100,000 ETH to …
FTX crisis could extend crypto winter to the end of 2023: Report
The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A research report from Coinbase analyzing the fallout in the crypto ecosystem in the wake of the FTX collapse noted that …
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