Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days. Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi’s demise on Nov. 28 was not …
Yearly archives: 2022
OpenSea Seaport Protocol onboards creators and NFT holders on BNB Chain
Crypto collectibles and nonfungible token (NFT) marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace. BNB Chain was built by Binance to operate as a Web3-focused blockchain network powered by …
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$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space. We start off this week’s show with the latest news in the markets: New BTC miner capitulation? 5 things to know in Bitcoin this …
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), and Stellar (XLM) as well as their networks. The crypto firm cited “low usage” of the four …
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Solana wallet Phantom to add support for Ethereum and Polygon
Summary: Users will be able to transfer tokens on Ethereum and Polygon thanks to an upcoming upgrade from the team. The Solana-based project was built by Ethereum developers and had over 3 million active users at press time. Phantom, the most popular crypto wallet for Solana users, said support for Ethereum and Polygon will be …
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Research: Whales have been offloading Bitcoin since 2021
CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’ Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate …
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Coinbase wallet drops support for XRP, Bitcoin Cash, Ethereum Classic and XLM
CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’ Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate …
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ETH deflationary gains erased post-FTX collapse
CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’ Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate …
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NEXO releases proof of reserves showing no exposure to FTX
Nexo released a page of its proof of reserve indicating it had $3.4 billion in customer deposits. Through a Twitter thread, the exchange explained its reserves, treasury management practices and its refusal to extend uncollateralized loans to popular digital assets managers. 2 min read Updated: November 29, 2022 at 3:57 pm Cover art/illustration via CryptoSlate …
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FTX hits Asian markets hard as Korea, Hong Kong, Taiwan investors devastated – SlateAsia #1
SlateAsia – biweekly podcast focusing on news, analysis and industry insight into the Asian crypto markets 23 min watch Updated: November 29, 2022 at 3:40 pm [embedded content] Introducing SlateAsia, a new podcast from CryptoSlate focusing on the Asian markets within the crypto industry. CryptoSlate’s Akiba is joined by Jason Fang of Sora Ventures for …
Bitcoin Volatility Index exceeds 100% for the third time in 2022
The chart above demonstrates the BVIN index since the end of 2021 and shows that it exceeded 100% on three occasions in February, July, and November. BTC volatility has been lingering at its all time-lows before the FTX collapse. It became so stagnant that the British Pound’s volatility exceeded that of BTC. However, the FTX …
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Exchanges dismiss rumors of insolvency amid rampant speculation
BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28. Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying it could not “operate business as usual.” At the same time, the firm implemented a pause on withdrawals to “protect our clients and their …
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Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff
With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off …
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Biggest Movers: LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses
Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its …
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NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains
Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) …