As the market suffers from FTX’s liquidity crisis, PAX Gold (PAXG), a commodity-backed crypto, continues to lead weekly gains. The 65th largest crypto by market cap was seen keeping a week-on-week gain of 5.26% and an intraday gain of 1.12%. Based on current market movement, PAX Gold is the week’s highest gainer. In fact, no …
Continue reading “PAX Gold (PAXG) Leads Weekly Gains Among Top Coins”
A quant has pointed out the similarities between the 2017 and 2021 Bitcoin cycles, something that could hint at how the rest of this bear market might play out. Both 2017 And 2021 Bitcoin Cycles Saw New Lows Around The 365-Day Mark Since The Top As explained by an analyst in a CryptoQuant post, the …
Continue reading “Quant Points Out Striking Resemblance Between 2017 And 2021 Bitcoin Cycles”
Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an analyst in a CryptoQuant post, BTC has gone down in the past week …
Continue reading “Bitcoin Moves Differently From US Stock Market, Correlation Weakening?”
Bitcoin price failed to clear $18,000 and started a fresh decline. BTC is showing bearish signs and it might soon decline towards the $15,000 level. Bitcoin started a fresh decline from the $18,000 and $18,150 resistance levels. The price is trading below $18,000 and the 100 hourly simple moving average. There is a key bearish …
Continue reading “Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K”
Top Experts And Analysts Excited at Snowfall Protocol! Synthetix And COTI Cause For Concern? Snowfall Protocol (SNW) is the new coin offering that has top […] Go to Source
Only a month after payments giant Visa announced a partnership with FTX to roll out a debit card program in 40 countries worldwide, Visa has abruptly ended the program due to FTX’s recent insolvency and bankruptcy issues. FTX’s liquidity issues were triggered last week when Binance CEO Changpeng “CZ” Zhao announced that Binance would liquidate …
Continue reading “Visa terminates debit card program with FTX”
Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests. In a “BIS Working Papers” report published on Nov. 14, the central bank body looked into the …
Continue reading “Bitcoin buyers drawn by rising prices, not dislike for banks: BIS report”
Billionaire entrepreneur Mark Cuban says the recent crypto market cataclysm triggered by the collapse of FTX has more to do with banking failures than crypto itself. The Shark Tank investor tells his 8.8 million Twitter followers that FTX’s insolvency is no different from past crises in the traditional financial world. “These blowups have not been …
Coinbase CEO Brian Armstrong is weighing in on the collapse of crypto exchange FTX, saying that the firm’s CEO Sam Bankman-Fried probably committed some form of fraud during the ordeal. In a new interview on the All-In Podcast, Armstrong says he spoke to both Bankman-Fried and Binance CEO Changpeng Zhao (CZ), who briefly entertained the …
A popular crypto analyst says that leading smart contract platform Ethereum (ETH) is going back to its pre-bull run price level. In a new strategy session, Benjamin Cowen tells his 773,000 YouTube subscribers that the price of Ethereum will likely return to $600 for the fifth time. “We’ve talked about this throughout this year and …
Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations. Alex Wilson, the co-founder of The Giving Block, a crypto donation platform providing back-end support to charities, told Cointelegraph that the crypto community is …
Continue reading “Charities risk losing a generation of donors if they don’t accept crypto”
United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assume the position as part of a five-year term. In a Nov. 14 announcement, President Biden said he intended to nominate Gruenberg, who has previously served as acting FDIC chair from 2005 to 2006, 2011 …
Continue reading “US President Biden announces pick for FDIC chair”
On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement occurred in April 2020, November 2020 and June 2022, with the current outflow leaving around 2.25 million BTC on exchanges. Bitcoin exchange …
Continue reading “FTX collapse followed by an uptick in stablecoin inflows and DEX activity”
The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12. St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of …
Pundits are calling the collapse of the FTX exchange the end of cryptocurrency and venture capitalism related to it. But it’s not. Some of them anointed Sam “SBF” Bankman-Fried “The King of Crypto” — and then summarily killed the king. But, in reality, crypto never had a king. The end of FTX may mark the …
Continue reading “Let’s move on from FTX’s collapse and get back to the basics”
