Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 2 days ago Go to Source
Monthly archives: December 2022
Bank Holdups and Protests Continue to Rise in Lebanon as Depositors Demand Their Own Savings
On Dec. 17, reports detail that residents in Lebanon have been staging sit-ins and protests at banks in order to access their own savings accounts. Since the economic collapse in 2019, Lebanon’s banks froze Lebanese bank accounts, and a number of branches have remained closed indefinitely. The deprivation of wealth has caused a few impoverished …
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” …
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent
According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been …
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Here’s What Could Signal Bitcoin’s Reversal Into Next Bull Market, According to Top Crypto Analyst
Popular crypto analyst and trader Kaleo says one classic technical indicator could signal the emergence of a new Bitcoin (BTC) bull market. In a new strategy session, Kaleo says that historically, every Bitcoin bull market began with price crossing above the 200-day simple moving average (SMA). The trader says that while the strategy is simple, …
Crypto Analyst Issues Warning on Dogecoin (DOGE), Binance Coin (BNB) and One Ethereum Rival
A closely followed crypto analyst is issuing a warning on leading meme altcoin Dogecoin (DOGE) and two other major digital assets. The pseudonymous analyst known as Altcoin Sherpa tells his 187,000 Twitter followers that DOGE is set for a 25% drop from current prices down to a major demand area around $0.057. “DOGE: Gonna come …
PayPal Partners With Crypto Firm ConsenSys To Create Convenient Way To Buy Ethereum (ETH)
Crypto firm ConsenSys is announcing a new partnership with payments giant PayPal to create a convenient way for investors to purchase Ethereum (ETH). According to a recent company announcement, MetaMask, the popular crypto wallet developed by the Ethereum software company, will integrate PayPal into its platform to provide investors in the US with an easy …
Binance.US To Acquire Bankrupt Crypto Platform Voyager’s Assets in $1,020,000,000 Deal
Binance.US will acquire more than $1 billion worth of assets from bankrupt crypto platform Voyager after FTX’s plans to acquire them fell through. According to Voyager, Binance.US, a subsidiary of the world’s largest crypto exchange Binance, is the highest bidder for its assets at $1.022 billion. The bid price includes the $1.002 billion estimated current …
Crypto’s regulatory fate will be decided in the year ahead
It would be ideal for the industry for Congress to weigh in on its fate rather than leaving it to unelected regulators at the Securities and Exchange Commission (SEC). To that end, representatives from both sides of the aisle have introduced bills designed to offer “regulatory clarity.” The moderate position seems to favor placing crypto …
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Next House committee chair reintroduces bill on crypto innovation
North Carolina Representative Patrick McHenry, the current ranking member of the House Financial Services Committee and chair starting in January, has reintroduced legislation aimed at creating innovation offices within government agencies dealing with financial services. In a Dec. 19 announcement, McHenry said he had reintroduced the Financial Services Innovation Act — a bill he previously …
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Sam Bankman-Fried arrested and consented to the extradition — Law Decoded, Dec. 12-19.
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation. The FTX drama escalated last week when the Royal Bahamas Police Force arrested its former CEO, Sam Bankman-Fried, at the request of the United States government. Within hours, politicians, crypto executives and influencers had all booted up their …
Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report
Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph. According to the report, Jo Johnson had been advising Binance during the exchange’s efforts to expand into the United Kingdom. The former British prime …
FTX’s Sam Bankman-Fried Will Not Be Extradited To The United States
A Bahamian magistrate has issued orders to extend the remand of Sam Bankman-Fried. The former FTX CEO was expected to drop his extradition fight today in court. SBF was reportedly shaking in the courtroom. He will return to the Bahamas’ notorious Fox Hill prison. Following a rather chaotic hearing today at the Nassau courthouse, Bahamian …
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Bitcoin Price Prediction: BTC Sends A Sell Signal
The global cryptocurrency market has witnessed a positive trend despite the formidable bearish pull. The recent corrections for Bitcoin (BTC), Binance Coin (BNB), and others […] Go to Source
NFTBank Powers NFT Pricing for X2Y2 Loans
December 19, 2022 – Seoul, Korea NFTBank joins forces with X2Y2, the third-biggest NFT marketplace on Ethereum and an emerging NFT loans platform. Over the past two years, NFT financialization infrastructure has emerged along with the rise in popularity of NFTs. Branching out further from NFT marketplaces and aggregators, recent trends show NFT-backed loans, NFT …
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