Data shows the different Bitcoin investor cohorts now have their cost-basis packed together in a tight range. Here’s what this may tell us about the current market. All Bitcoin Investor Groups Have Cost-Basis Between $18.7k And $22.9k According to the latest weekly report from Glassnode, the cost-basis of the wider BTC market is currently around …
Yearly archives: 2022
Bullish Sentiment Spikes As Axie Infinity Price Propels 9%, What’s Next For AXS?
The Axie Infinity price has skyrocketed in the past week; the altcoin has secured close to 40% appreciation. On the daily chart, AXS registered a 4.8% spike. This positive price sentiment can be tied to the recent developments within the AXS ecosystem. Axie Infinity’s community made its first move into developing the project into a …
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Bitcoin Fundamental Expert Breaks Down Why The Bottom Is In
Calling the bottom in Bitcoin is no easy task. Prices tend to fall more dramatically and faster than anyone is prepared for and is the investing equivalent of catching a falling knife. Yet if anyone is equipped to accurately call the bottom in crypto, it would be Charles Edwards, fund manager and Bitcoin fundamental expert, …
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This Report Suggests Crypto Sector Bearing A Final Flush-Out
The crypto market is currently undergoing a series of unfortunate events. From the crash of stablecoin Terra to the fall of Celsius, it has been a gloomy year for crypto investors. More recently, the capitulation of the Bankman-Fried-led popular exchange FTX has further amplified this negative trend. In addition, exchanges like Gemini and Coinbase have …
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This Analyst Thinks Bitcoin Will Hit $5,000 in 2023, Any Possibility?
Since the first few months of 2022, Bitcoin and crypto space has maintained a bearish trend, though there were a few spikes to recall. Several markets, including the stock markets, are still facing a crisis. Unfortunately, there are no signs of a reversal in the interim. Moreover, several investors, financial experts, and institutions still wonder …
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Crypto will be regulated as securities — ICE boss and Senator Warren
Most cryptocurrencies are likely to be regulated as securities in the United States according to the CEO of Intercontinental Exchange Inc (ICE), Jeffrey Sprecher, and Senator Elizabeth Warren. The renewed focus on regulating cryptocurrencies as securities comes in light of FTX’s recent implosion, which wiped countless billions from the market, put consumer funds in limbo …
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Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s Central Bank Digital Currency (CBDC). The Central Bank of Nigeria issued the directive to financial businesses in a Dec. 6 circular, noting that individuals …
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Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Bloomberg, a Dec. 6 complaint was filed against Grayscale at the Delaware Court of Chancery and seeks to have Grayscale lower its fees, start …
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Bitcoin Price Prediction – BTC Is Stuck at $16.9k, Are We Going Back Above $17k Today?
2022 was a rather dreadful year for cryptocurrency investors globally. Most coins witnessed a new bottom and many popular companies in the crypto space had […] Go to Source
Billionaire Chamath Palihapitiya Calls FTX Implosion a Sophisticated Con Perpetrated on Millions of People
Billionaire venture capitalist Chamath Palihapitiya says collapsed crypto exchange FTX was an “enormous financial fraud” that impacted tens of millions of people. In a new interview on the All-In Podcast, Palihapitiya says disgraced former FTX CEO Sam Bankman-Fried is manipulating the media for a second time with his ongoing “apology tour.” “[Bankman-Fried] went to the …
ConsenSys Says It Does Not Sell Any MetaMask User Data, Plans To Store It for Only Seven Days
Ethereum (ETH) software company ConsenSys is once again responding to the controversy sparked by its recent update to its terms of service. Last month, ConsenSys updated its term of service to collect user data such as names, IP addresses, dates of birth, usernames, contact information and gender. The firm later addressed the privacy concerns in …
Fan tokens struggle to hold on as World Cup quarter-finals draw nearer
Cryptocurrencies tied to national soccer teams have failed to keep the attention of 2022 FIFA World Cup fans, with many soccer-linked fan token prices plummeting since the tournament began. Between Portugal, Spain, Brazil and Argentina, the associated digital fan tokens have fallen between 60% to 88% percent in price since the start of the World Cup …
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Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
Former FTX chief executive officer Sam Bankman-Fried has reportedly hired Mark Cohen, a former federal prosecutor, to act as his defense attorney. According to a Dec. 6 report from Reuters, Bankman-Fried’s spokesperson Mark Botnick said the former FTX CEO has retained Cohen amid a flurry of civil litigation from investors in the crypto exchange and …
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North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick
Microsoft reports that a threat actor has been identified targeting cryptocurrency investment startups. A party Microsoft has dubbed DEV-0139 posed as a cryptocurrency investment company on Telegram and used an Excel file weaponized with “well-crafted” malware to infect systems that it then remotely accessed. The threat is part of a trend in attacks showing a …
Ordinary investors who jumped into crypto and lost are wondering about the future
Adrian Butkus, a 43-year-old father of two, put $600,000 — much of his life savings — into an account at BlockFi, a cryptocurrency trading firm, in early November. BlockFi had marketed the account as risk-free, with a 6.5 percent interest rate, which was higher than Mr. Butkus could get elsewhere. Mr. Butkus asked BlockFi for …
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