The biggest news in the cryptoverse for Nov. 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain data revealing investors taking advantage of the low prices, and Bitcoin and Ethereum consisting 91% of Bitfinex’s total reserves. CryptoSlate Top Stories BTC hash ribbon upcoming convergence signals miner capitulation Bitcoin (BTC) miners have …
Yearly archives: 2022
BitGo to take custody of FTX assets in bankruptcy procedure
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange for the duration of the bankruptcy proceedings. FTX filed a motion to acquire a custodian in relation to the bankruptcy process …
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Solana NFT marketplace Magic Eden expands multichain vision with Polygon integration
Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is “open to all the possibilities that innovation brings.” When …
Ravencoin spikes 20% following Binance Pool announcement
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse U.S. Congressman Tom Emmer said FTX’s collapse is not a crypto failure, rather a failure of business ethics, government oversight and regulatory oversight. 11 hours ago · 2 min read Go to Source
Hackers steal $42M from Fenbushi Capital founder’s wallet
General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10. A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen …
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Latest mining rigs amp up difficulty to zone out competition
Mining profitability wanes for older mining rig models as later 2022 models amp up mining difficulty to the extent that competition can’t keep up. 1 min read Updated: November 23, 2022 at 7:41 pm Cover art/illustration via CryptoSlate Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations …
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Elon Musk, Semafor allegations dig ‘conflict of interest’ rabbit hole
On Nov. 18th, Semafor, the global news company, released an announcement stating “no reason in particular, but you can also follow us on,” and then listed a number of their social media platforms. No reason in particular, but you can also follow us on: YouTube https://t.co/vzf0vYlh9MTikTok https://t.co/Y5jAFLFYexInstagram https://t.co/WwnF6wQ5A8Flipboard https://t.co/zHDvxnjI3HFacebook https://t.co/bEoctknpeG And sign up for our …
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US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance
U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker …
Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses …
Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol
The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The DMCC said the tokenized precious metals are backed by DMCC Tradeflow-registered gold bars, and each tokenized gold bar “will be backed by a Tradeflow warrant.” DMCC to Digitize Tradeflow-Registered Gold Bars via …
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable brands that include Thomson Reuters, ComplyAdvantage, IBM, Mastercard, Deloitte, and KPMG to deliver innovative solutions to Virtual Asset Service Providers in over 170+ …
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Tamadoge Price Prediction for the 23rd of November: TAMA Bulls Break the Indecision
As Tamadoge Bulls succumb to the bearish resistance at the $0.0215 price level, they lose their grip on the market, and the price dropped to […] Go to Source
Litecoin Price Prediction for Today, November 23: LTC/USD Conquers The $70 Resistance Level
The Litecoin market had previously faced rejection at the $70 resistance price level in early November. The price rejection resulted in a brief bearish move. […] Go to Source
Dash Price Prediction for Today, November 23: DASH/USD Reaching For the $45 Resistance Level
The $45 price level was the point at which the market previously had a steep fall on November 8. As the price was rejected at […] Go to Source
Why Crypto Prices Have Pumped Above 2% In 24 Hours
While there has been a constant sense of fear among a majority of investors, it can be said without a doubt that the blockchain industry […] Go to Source