The price of Bitcoin continues to grind slowly to the downside while other major digital assets follow. The market is moving in tandem with the legacy financial sector, pricing in a higher terminal rate for 2023. As of this writing, Bitcoin trades at $16,600 with sideways movement in the last 24 hours. In the previous …
Continue reading “Why Bitcoin Could Return to $17,000 In the Short Term”
Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following the activation of two whale addresses. These addresses which had not transacted for about half …
Continue reading “Ethereum Price Balks As Dormant Whales Reactivate”
Five wallets tied to the defunct Canadian cryptocurrency exchange QuadrigaCX, previously thought to be inaccessible, have just been spotted moving around $1.7 million worth of Bitcoin after years of dormancy. Crypto researcher ZachXBT alerted the crypto community in a Twitter post on Dec. 19, highlighting the five wallets have transferred around 104 Bitcoin (BTC) on …
Continue reading “$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy”
Top US-based crypto exchange Coinbase is responding to the Financial Stability Board (FSB) regarding its proposal to internationally regulate crypto assets, which the regulator is set to reveal in the coming months. Penned by Coinbase’s chief policy officer Faryar Shirzad, the exchange identifies several key areas that it says should be considered in any global …
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Crypto asset management giant Grayscale is reportedly considering selling some of its capital back to investors if the firm’s plans for exchange-traded funds (ETFs) don’t work out. According to a new Wall Street Journal report, Grayscale may explore alternative pathways to returning some of the Grayscale Bitcoin Trust’s (GBTC) capital to shareholders should the company’s plans …
Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be extradited to the United States to face charges. According to a Dec. 19 report from Reuters, Bankman-Fried’s legal team said it planned to prepare documents to have him reappear before the Bahamas Magistrate Court sometime this week. The …
Continue reading “Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report”
Staffers at the Bank of Canada released an analytic note on fiat-referenced crypto assets, otherwise known as stablecoins, Dec. 19. In addition to a review of mechanisms for creating and distributing stablecoins and a list of the potential risks and benefits they involve, the note expressed the authors’ support for further regulation of the crypto …
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Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to i$18,370 peak on Dec. 14. Curiously, Bitcoin dropped 3.8% in seven days, compared to the S&P 500 Index’s 3.5% decline in the …
Continue reading “$16K retest the most likely path for Bitcoin, according to 2 derivative metrics”
Decentralization via blockchain technology has given rise to several applications, including cryptocurrency, nonfungible tokens, decentralized autonomous organizations, decentralized finance and much more. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and …
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Visa has proposed a blockchain account design that could allow Ethereum users to arrange auto-payments from a self-custodied wallet. The payments giant described its approach in a blog post on Monday, Dec. 19. That post summarized an earlier research paper that was published in August. Visa proposes using Account Abstraction, an Ethereum feature that is …
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Regulatory proposals, the potential for Bitcoin adoption by banks, and the use of lightning and public key cryptography in decentralized social media platforms. [embedded content] In the second episode of the podcast BitTalk, the hosts discuss several recent developments in the world of Bitcoin. They begin by discussing a proposal from Elizabeth Warren that would …
SBF was sent back to jail and not extradited following his latest hearing, Binance.US plans to acquire the assets of bankrupt crypto lender Voyager, and more in this CryptoSlate Wrapped Daily. 2 min read Updated: December 19, 2022 at 11:38 pm Cover art/illustration via CryptoSlate The biggest news in the cryptoverse for Dec. 15 includes …
The Donald Trump-branded NFT trading card project has come under fire after it was revealed that the project minted 1000 NFTs internally — 68 of which were considered the rarest in the collection. The rare NFTs included 47 of 179 1/1 ‘s and 21 of 70 autographed NFTs. Super Rare NFTs minted internally On-chain analyst, …
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Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 2 days ago Go to Source
If there are billions of dollars to account for within the bankruptcy investigation — which is the case — then the majority of victims are likely retail customers that had non-whale balances. 2 min read Updated: December 19, 2022 at 6:52 pm Cover art/illustration via CryptoSlate Tthe largest unsecured claim in the FTX bankruptcy case …
