CryptoSlate Daily wMarket Update – Dec. 7: Flat trading day sees XRP leading top 10

The cryptocurrency market cap saw net inflows of $2.8 billion and currently stands at $842.27 billion — up 0.3% from $839.47 billion over the last 24 hours. Over the reporting period, Bitcoin’s market cap grew 0.3% to $324.04 billion from $323.06 billion. Meanwhile, Ethereum’s market cap increased by 1.1% to $151.90 billion from $150.21 billion. …

Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows 

Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the red during today’s session. Litecoin (LTC) Litecoin (LTC) dropped to a ten-day low on Thursday, …

Drones, Fertility, and Defi — A Look at Alameda Research’s Massive $5.4 Billion Portfolio of Investments

Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that shows Alameda’s investment portfolio, which alleges the company spent more than $5 billion on hundreds of investments. Some of the funds went to odd investments …

Bitcoin, Ethereum Technical Analysis: BTC Nears 10-Day Low, as Bears Regain Market Sentiment

Bitcoin continued to slip on Thursday, with the coin remaining close to its lowest level since the end of November. Momentum in cryptocurrency markets has shifted in recent days, with sentiment currently bearish. Ethereum was also lower, with the token dropping towards $1,200. Bitcoin Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies …

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of …

Is Bitcoin Bottom In? Top Crypto Analyst Details Two Scenarios That Could Signal BTC Reversal

Popular cryptocurrency analyst and trader Jason Pizzino is outlining two scenarios that could indicate the end of the Bitcoin (BTC) bear market. Pizzino tells his 279,000 YouTube subscribers that the two scenarios could signal that the final capitulation has taken place and Bitcoin is on the path to recovery. According to the crypto analyst, Bitcoin …

Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI

Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt Data from Cointelegraph Markets Pro and TradingView showed BTC/USD practically flat over the 24 hours to the time of writing. With macro …

How do crypto hardware wallet firms make money?

The hardware wallet industry has emerged as one of the most resilient sectors to the ongoing cryptocurrency winter, with issues like the FTX crash bringing in even more cold wallet sales. The bear market of 2022 has once again reminded crypto investors of the importance of self-custody and independence from centralized exchanges (CEX). As a …

Newlyweds lose funds in FTX exchange a day after their wedding

While it’s undeniable that companies were significantly affected by the FTX debacle, retail investors like Jaime Zulueta – who recently just got married – also bore the burden of trusting a trading platform that ended up collapsing to oblivion.  Speaking to Cointelegraph, Zulueta told the story of how he and his wife dealt with the …

Many Koinly staff point to poor communication, CEO in global layoffs

Crypto tax firm Koinly announced cuts of up to 14% of its global team in response to the “intensifying bear market” — but many employees have pushed back against this narrative. In a Dec. 6 announcement, Koinly founder and CEO Robin Singh said the crypto market downturn coupled with fewer people reporting crypto on their …

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