An analyst who nailed Bitcoin’s (BTC) 2018 bottom is predicting an epic collapse for Binance Coin (BNB), the utility token of the world’s largest crypto exchange. Pseudonymous analyst Smart Contracter tells his 216,900 Twitter followers that he thinks the multi-year uptrend of Binance Coin against Bitcoin (BNB/BTC) has reached its conclusion. “I think the five-year …
Monthly archives: December 2022
The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets. Decentralized finance (DeFi) can perhaps offer a way out by breaking away from legacy …
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The massive cryptocurrency crisis is here
The turmoil that is currently engulfing the cryptocurrency world is bitterly ironic. As a reaction to the flaws of the traditional financial system, with its […] Go to Source
Research: Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing
This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof. In addition, the collapse of Luna in June tanked Bitcoin’s price to a two-year low, wiping out the little profitability miners had left. After a challenging summer with …
Record-breaking Bitcoin whale selloff, 280k BTC offloaded in 30 days
Whales, the largest holders of Bitcoin (BTC), have been selling the most BTC ever recorded on a 30-day basis. Over the last 30 days, these whales have offloaded a total of 280,000 BTC, according to Glassnode on-chain data. It is estimated that whales currently hold around 9 million BTC, representing a significant portion of the …
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Riot Games to terminate FTX sponsorship due to “reputational harm”
Riot Games seeks to end sponsorship with FTX due to reputational harm and damage, citing violation of the morality clause. 1 min read Updated: December 18, 2022 at 7:03 pm Cover art/illustration via CryptoSlate North America (NA) League of Legends Championship Series, LLC (Riot) has made a filing in the FTX bankruptcy case requesting that …
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Sporting metaverse at $80B inflection point as World Cup ends
As the World Cup in Qatar comes to a close, a report from Web3 Studios revealed exciting insights into the sporting metaverse industry, which it claims is “at an inflection point.” It indicated the potential for the industry to hit $80 billion in size by 2030. The report included contributors from Animoca Brands, FaceIt, ConsenSys, …
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New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the Business
According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any wrongdoing, but the current FTX CEO, John J. Ray III, recently told members of the U.S. Congress that Joseph Bankman …
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher
Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block. Bitcoin’s Difficulty …
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has …
Democrats To Return a Portion of Money Received From Disgraced FTX Founder Sam Bankman-Fried: Report
Three Democratic campaign groups that received funding from Sam Bankman-Fried are reportedly planning to return more than $1 million of the disgraced FTX founder’s political contributions. According to a new report from The Verge, the Democratic National Committee (DNC), the Democratic Senatorial Campaign Committee (DSCC) and the Democratic Congressional Campaign Committee (DCCC) are setting aside …
‘Big Short’ Investor Michael Burry Says Binance Crypto Exchange Audit Is Meaningless – Here’s Why
Hedge fund manager Michael Burry, who is known for being one of the first investors to foresee and profit from the collapse of the housing market in 2007, says the recent audit on Binance’s proof of reserves carries zero weight. Following the high-profile implosion of FTX, centralized crypto exchanges have been scrambling to provide proof-of-reserves …
Gate.io experiences slowdown in deposits and withdrawals due to node maintenance
Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18. Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated: “At this moment, we are …
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Fetch.ai Price Prediction for Today, December 18: FET/USD Touches $0.093 Resistance, Can it Reach $0.100 Level?
The Fetch.ai price prediction shows that FET may climb above the 9-day moving average to hit the resistance level of $0.100. Fetch.ai Prediction Statistics Data: […] Go to Source
Analyst That Called Last Crypto Collapse Says Ethereum-Based Altcoin Mirroring Terra (LUNA) Crash
The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin. The pseudonymous trader known as Capo told his 690,000 Twitter followers in May that Waves could be the “next LUNA,” the native token of the Terra ecosystem which went to …