As the shell-shocked crypto sector continues to reckon with the shrapnels of FTX’s implosion, more exchanges have been attempting to prove their reserves can withstand the types of bank runs that dragged Sam Bankman-Fried’s bankrupt company into ruin. Singapore-based digital asset exchange Crypto.com is the latest on that list. The company released audited proof of …
Yearly archives: 2022
Digital Asset Giant Grayscale’s DeFi Investment Product Starts Trading on OTC Markets Amid Crypto Bear Market
Amid the ongoing crypto winter, digital asset management giant Grayscale’s decentralized finance (DeFi) investment product has started trading on the financial market OTC Markets. The Grayscale DeFi Fund currently gives customers exposure to the decentralized exchanges Uniswap (UNI) and Curve (CRV), the decentralized lending platforms Aave (AAVE) and Compound (COMP), and Maker (MKR), a governance …
SBF tried to destabilize crypto market to save FTX: Report
Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF), former FTX CEO, was attempting to destabilize the crypto market aiming to save the now-bankrupt exchange, according to reports on Dec. 9. Messages seen by The Wall Street Journal of a Signal group chat named “Exchange coordination” reveals an argument between CZ …
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5 tips for investing during a global recession
The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions. Option #1: Save cash There’s no shame in sitting on the sidelines and saving cash or stablecoins. When bullish momentum returns, you will have plenty …
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Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
Bitcoin (BTC) price had a mixed reaction on Dec. 9 after the November report on United States producer prices showed a 7.4% increase versus 2021. The data suggested that wholesale costs continued to rise and inflation may last longer than investors had previously believed. Oil prices are also still a focus for investors, with crude …
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Binance suspends trader’s account after complaints on Twitter
Crypto exchange Binance closed a trader account on Dec. 9 after a user complained about the exchange’s response for alleged funds theft. Binance CEO Changpeng “CZ” Zhao said the firm does not want to service “unreasonable” clients. A user by the name of CoinMamba on Twitter started complaining about the lost funds on Dec. 8, …
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Trader Says One Large-Cap Altcoin Appears Ready To Outperform Bitcoin, Forecasts New All-Time High Against BTC
A widely followed crypto analyst says the top-ten altcoin Polygon (MATIC) appears on track to hit an all-time high against Bitcoin (BTC). Pseudonymous digital asset trader Crypto Kaleo tells his 551,200 Twitter followers that blockchain scaling solution Polygon looks bullish against Bitcoin (MATIC/BTC) after retesting a key diagonal resistance as support. “MATIC/BTC has still been …
Yuga Labs, Moonpay faces lawsuit over celebrities NFT promotion
Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs). Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna, Serena Williams, Post …
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Bitcoin Price Prediction for Today, December 10: BTC/USD Likely to Touch the $18,000 Resistance
The Bitcoin price prediction shows that BTC is currently consolidating and seems to be preparing for the next move above the resistance level of $17,000. […] Go to Source
Explore Yield Farming with Liquidus App
Liquidus is a multi-purpose app helping users from all categories dive into the investing world simply and securely. From yield farming to avoiding the hassle of manual transactions or checking the best pools and farms based on the market, the Liquidus app helps users from all categories to master their needs. Yield farming is still …
Ethereum OPAC compliant blocks in decline after touching 80%
According to recent data from MEV Watch, for 24 hours timeframe, 64.44% of Ethereum blocks were compliant with OFAC standards. However, the Ethereum educator and investor sassal.eth reported on Dec.9 that OFAC compliance topped 80% and then decreased to 65%. ‘OFAC compliant blocks’ topped out at 80% & is trending down (currently 65%). This is …
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Biggest Movers: UNI Higher, DOGE in Red on Saturday
Uniswap was in the green to start the weekend, despite cryptocurrency markets mostly consolidating. The token rebounded from losses suffered on Friday, moving closer to a key resistance level in the process. Dogecoin, on the other hand, fell lower on Saturday as traders attempted to find a stable point of support. Uniswap (UNI) Uniswap (UNI) …
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PancakeSwap Price Prediction: CAKE Price Hoovers Around $4.0 As Bulls and Bears Fight For Control
PancakeSwap (CAKE) price trajectory has been moving in a downward trend over the past few weeks, with CAKE price declining by almost 13% in the […] Go to Source
Ripple and SEC Collectively Ask Court To Set Key Date As XRP Lawsuit Enters Critical Phase
In the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, both sides are jointly requesting a deadline related to sealing information in the case. They are asking US District Judge Analisa Torres to set a deadline of January 4th, 2023 for non-parties to file sealing arguments ahead of a summary …
What is spot trading in crypto and how does it work?
Since their inception, cryptocurrencies have seen rapid growth and widespread market adoption, as evidenced by the assets tied to crypto assets that have started to appear in the portfolios and trading methods of numerous asset managers. The process of purchasing and selling cryptocurrencies to profit is known as cryptocurrency trading. Trading in cryptocurrencies can be …
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