On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years. While bitcoin’s value is 75% lower than it was a year ago, so-called sleeping bitcoins have been waking up amid the recent crypto market capitulation. While Bitcoin’s Price …
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Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities …
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Morgan Creek Digital cryptocurrency hedge fund managing partner Mark Yusko is doubling down on a bullish prediction for Bitcoin (BTC) despite the recent market downturn. In a new interview with YouTuber Benjamin Cowen, Yusko says that Bitcoin will range for months before making a parabolic move to a six-figure price. “What’s going to happen here …
Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S. exchanges lead BTC exodus In the wake of the FTX scandal, efforts to draw attention to the …
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Cryptocurrency and blockchain technology firms continue to feature in the world of Formula 1, with a nonfungible token (NFT) making its mark on Red Bull Racing’s vehicles to close out the 2022 calendar. Red Bull Racing dominated the F1 season, topping the constructors’ standings, while Max Verstappen closed out the drivers’ standings for a second …
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As the world’s first nation to adopt Bitcoin (BTC) as a legal tender in September 2021, El Salvador is going back to its BTC buying days after a pause for months amid bearish market conditions. El Salvador President Nayib Bukele announced on Nov.16 that the Central American nation will start purchasing BTC on a daily …
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Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether (ETH) staking’s withdrawal schedule on social media. A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six months after …
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It’s no secret that the crypto world is booming. And if you’re looking to invest in something new and exciting, look no further than Oryen, […] Go to Source
As observers try to make sense of the ongoing, mind-boggling collapse of crypto exchange FTX, details about the once-dominant company’s leadership’s unconventional internal practices and […] Go to Source
The crypto industry has been suffering from a bearish market sentiment since early 2022. But this was not all that would go wrong with the […] Go to Source
While the general marketing sentiment about cryptocurrencies is currently bearish, there are some bullish price actions that are giving people home. One of them is […] Go to Source
“I will probably have to do it again to make our country successful, safe, and glorious again,” Trump said at a campaign rally in Sioux […] Go to Source
HodlX Guest Post Submit Your Post Mainstream thought misunderstands security breaches and market failures rife in crypto organizations. This does a disservice to the concept of true decentralization in blockchain. Commentators in crypto media used the multiple fiascos of 2022 to slam DeFi, when in fact many of these entities were only decentralized in theory, …
The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasurer Jim Chalmers said the Treasury said it is now planning on regulations to improve investor protection next year, according to a Nov. 16 report from the …
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Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275 million into the now-bankrupt crypto exchange. Like many of FTX’s more than one million creditors, the Singapore-based firm has been left blindsided by the collapse of …
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