Cryptocurrency news

• Litecoin (LTC) Leads Gains With Over 24% Increase In The Week

  07-11-2022 23:56 via newsbtc.com
  Litecoin (LTC) has recently completed its most bullish week since June, following a remarkable rise. The “digital silver” registered over 24% gains in the last seven days alone. There’s no main catalyst for the token’s impressive rise. However, its gains come amidst its hash rate reaching a new all-time high during the week. 
  Furthermore, it has started the week off on a positive note by confirming its partnership with Wanchain. As far as the network’s interope
  
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• Chiliz (CHZ) Continues To Shine With Over 30% Gains

  07-11-2022 23:28 via newsbtc.com
  The number one sports altcoin, Chiliz has been chilling with impressive gains this past week. Although it has traded in the red zone for most of today, CHZ still holds over 30% gains from the last seven days.  Its continued shine comes as the FIFA world cup draws closer. As FIFA’s official blockchain partner, there’s bound to be massive activity in the ecosystem throughout the tournament.
  The top-50 crypto has also enjoyed massive mentions on Twitter and other social media this
  
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• Why The Bitcoin Price Could Be Building An Uptrend

  07-11-2022 23:00 via newsbtc.com
  The Bitcoin price is steadily trading above critical support levels and might extend its bullish trend in the coming days. The cryptocurrency positively reacted to the current macroeconomic conditions despite the U.S. Federal Reserve (Fed) promising to keep hiking interest rates. At the time of writing, the Bitcoin price trades at $20,700 with a 3% loss over today’s trading session and sideways movement over the previous week. This period has been profitable for digital assets against
  
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• Judge rules LBRY video platform’s token is a security in case brought by the US SEC

  07-11-2022 22:45 via cointelegraph.com
  The court was unmoved by LBRY’s objections that the regulator’s claims were unfounded and it was not given the chance to operate in compliance with SEC requirements.
  
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• AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO

  07-11-2022 22:30 via cointelegraph.com
  Finding a sustainable GameFi model is still challenging, as user experience ranks at the top of industry concerns.
  
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• Bitcoin miner Iris Energy faces $103M default claim from creditors

  07-11-2022 22:00 via cointelegraph.com
  The company is facing a cash flow crisis due to tough market conditions.
  
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• Bitcoin Price: Can Cyclical Tools Predict The Next Bubble? | BTCUSD November 7, 2022

  07-11-2022 21:42 via newsbtc.com
  In this episode of NewsBTC’s daily technical analysis videos, we examine major Bitcoin price troughs with Hurst Cycle Theory and cyclical tools to consider if the bottom could be in and if another bubble is coming.
  Take a look at the video below:
  VIDEO: Bitcoin Price Analysis (BTCUSD): November 7, 2022In this video, we use Hurst Cycle Theory and its several key principles to go through the process of phasing out Bitcoin market cycles to predict when the cryptocurrency will begin to rise ag
  
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• Report: GALA token exploit resulted from public leak of private key on GitHub

  07-11-2022 21:30 via cointelegraph.com
  It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior.
  
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• TOP 5 Cryptos To Watch This Week – BNB, BTC, ETH, LINK, LTC

  07-11-2022 21:28 via newsbtc.com
  The previous week’s crypto market looked so bullish as many altcoins rallied with over 100% gains in less than two days, with the likes of DOGE, BAND, and MASK running the show creating the feeling of euphoria that comes with the bull market. The price of Bitcoin (BTC) closing the week on a high ahead of a new week was a good sign, but there have been mixed feelings as the price of BTC dropped to a region of $20,600. In the face of that, the price of some altcoins has continued to look gre
  
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• Here’s what you should know about the upcoming US midterms: Law Decoded, Oct. 31–Nov. 7

  07-11-2022 21:00 via cointelegraph.com
  Despite a common mantra about the nonpartisan nature of crypto, there are certain correlations evident ahead of the United States elections.
  
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• Ethereum Reserves Of FTX Collapse In The Midst Of Liquidity problems

  07-11-2022 20:51 via newsbtc.com
  FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange. This is presumed to involve their respective CEOs, Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ).
  Binance announced its plans to liquidate FTT token holdings, which it has carried out. There’s still no explanation for Binance’s sudden lack of intere
  
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• Trademarks filed for NFTs, metaverse and cryptocurrencies soar to new levels in 2022

  07-11-2022 20:30 via cointelegraph.com
  Trademark applications filed for NFTs alone grew from a total of 2,142 filed for 2021 to 6,855 by the end of October 2022.
  
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• Bitcoin bulls fail to hold $21K, but pro traders refuse to flip bearish

  07-11-2022 20:28 via cointelegraph.com
  BTC bears have successfully suppressed Bitcoin price below $25,000 for 147 daily closes, but derivatives data shows no desperation from pro traders
  
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• Queen Máxima of the Netherlands comes out in support of digital euro

  07-11-2022 20:00 via cointelegraph.com
  "Let us envision that better future and build a digital euro that works for all Europeans," said the queen in virtually addressing members of the European Commission.
  
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• Bitcoin Dips Below $21k As Long-Term Holders Harvest Profits

  07-11-2022 20:00 via newsbtc.com
  Bitcoin has declined below $21k during the past day as on-chain data shows signs of long-term holders harvesting profits.
  Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days
  As pointed out by an analyst in a CryptoQuant post, profit-taking from long-term holders has previously been followed by local tops in the price of the crypto.
  The relevant indicator here is the “Spent Output Profit Ratio,” which tells us whether the average Bitcoin investor is selling at a profit or at a
  
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• SBF calls for collaboration with Binance 'for the ecosystem'

  07-11-2022 19:15 via cointelegraph.com
  FTX's founder denied liquidity issues with FTT token and claimed to be the victim of false rumors.
  
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• Can social tokens take on Meta & TikTok? Interview: P00LS

  07-11-2022 19:04 via coinjournal.net
   Social tokens are one of many layers of the metaverse (something I wrote about only recently).
  Some argue that a blockchain-domiciled structure could be a better system, with both creators and consumers taking a bigger slice of the pie than the current system dominated by big players like Meta, TikTok and so on.
  P00ls is one platform hoping that Web3 disrupts the space. They have a platform which allows creators and brands to launch their own social tokens and distribute them to their comm
  
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• Hive Blockchain Bucks The Bearish Trend By Holding $68 Million In Bitcoin

  07-11-2022 19:03 via newsbtc.com
  The extreme microeconomic factors, rising inflation, and increased energy cost have impacted the profitability of Bitcoin miners. Amid the ongoing bear market, many Bitcoin miners find it difficult to stay afloat and maintain their operation costs.
  Moreover, the Bitcoin hash rate is surging, further increasing the pressure on miners. Most miners obtained high-interest loans, which they could not offset due to the current economic conditions.According to a Bloomberg report, some mining firms like
  
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• Holding FTT And BNB? It Might Be Time For You To Get Out

  07-11-2022 18:00 via newsbtc.com
  Cryptocurrencies such as BNB and FTT have been seeing some downside in the last 24 hours. This follows an eventful weekend that has culminated in what has been a clear intention of crypto exchange Binance to begin dumping its FTT holdings. As a result, there is expected to be a reaction from both FTT and BNB when the exchange completes the dumping of its billion-dollar holdings in FTT.
  Binance Pulls Out Of FTT
  Social media was lit afire when Binance CEO Changpeng Zhao (CZ) said that the crypto e
  
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• US authorities announce conviction connected to Bitcoin stolen from Silk Road

  07-11-2022 17:30 via cointelegraph.com
  U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin.
  
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• Ethereum Struggles To Trade Above $1,650 Again, Is $1,750 Possible For Bulls?

  07-11-2022 17:25 via newsbtc.com
   ETH’s price needs to stay above $1,500 for the price to have a chance to rally high to a region of $1,700.
   ETH’s price continues to trend, creating a more bullish bias as the price aim for $1,700, where the price could face resistance. 
  ETH’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA).The crypto market had a good run in the previous week as the price of Ethereum (ETH) leve
  
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• Bitcoin Funding Rates At 6-Month High, Long Squeeze Alert?

  07-11-2022 17:00 via newsbtc.com
  On-chain data shows the Bitcoin funding rates have now hit a 6-month high, something that could lead to a long squeeze in the market.
  Bitcoin Funding Rates Currently Have A Highly Positive Value
  As pointed out by an analyst in a CryptoQuant post, BTC funding rates have surged up to the highest for the last six months.
  The “funding rate” is an indicator that measures the periodic fee that traders in the Bitcoin futures market have to pay each other.
  When the value of this metric is gr
  
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• Bitcoin heads to US midterms as research says dollar 'closing in' on a market top

  07-11-2022 16:31 via cointelegraph.com
  Weekend losses solidify as macro volatility to come meets internal turmoil over FTX.
  
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• What Musk’s Twitter acquisition could mean for social media crypto adoption

  07-11-2022 16:21 via cointelegraph.com
  A growing number of social media platforms have been integrating crypto and Web3 support, but opinions are divided on whether they are in it for the ethos or profit.
  
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• Cointelegraph Historical Collection launch nears as waitlist reaches 460K

  07-11-2022 15:48 via cointelegraph.com
  Due to immense public demand, Cointelegraph’s digital collectibles launch has been slightly delayed to give waitlisters more perks as part of a fairer launch.
  
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• Users Flee FTX? Exchange Sees 47% Drop In On-Chain Balance

  07-11-2022 15:23 via newsbtc.com
  The crypto industry is witnessing a new war between exchange giants FTX, led by Sam Bankman-Fried, and Binance-led Changpeng “CZ” Zhao. Over the past week, rumors emerged about the former exchange becoming insolvent and holding an illiquid balance sheet. The Binance CEO seems to be fulling speculations. During the weekend, CZ expressed concerns about “recent revelations” around FTX. In 2021, Binance invested FTX and received around $2 billion in BUSD, and the Bankman
  
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• Crypto exchange Binance launches its Binance Fever 2022 program

  07-11-2022 15:16 via coinjournal.net
  Football fans globally have a chance to earn $1 million from Binance’s Fever 2022 program.Binance, the world’s leading cryptocurrency, has announced the launch of Binance Fever 2022. The program is under the Binance Fan Token umbrella and gives football fans all over the world the opportunity to make money.
  According to Binance, football fans all over the world have the opportunity to earn from the $1 million it had allocated to the program. Binance wrote;
  “Binance Football Fev
  
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• Circle expands support of Euro Coin to Solana

  07-11-2022 15:12 via coinjournal.net
  Circle, the issuer of USD Coin (USDC) and Euro Coin, is expanding access to Cross-Chain Transfer Protocol, its new permissionless cross-chain infrastructure, the global fintech firm announced during Solana Breakpoint today. 
  There will be native support of Euro Coin on Solana in the first half of 2023. 
  Bringing faster, cheaper transactions to global commerce
  USDC and Euro Coin aim to bring faster, cheaper transactions to global commerce and harness the potential of on-chain foreign ex
  
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• Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT?

  07-11-2022 14:37 via newsbtc.com
  Amidst the turmoil surrounding crypto exchange FTX, there is currently one big loser, Solana (SOL). While the FTT token is at the center of discussions for many market observers after Binance CEO Changpeng Zhao announced to sell all FTT tokens, SOL is seeing a massive -12% drop in price over the last 24 hours.
  Even the FTT token is currently posting a loss of just under -3%. So what is driving the SOL sell-off ? Just a few days ago, SOL experienced a massive price spike after Google announced th
  
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• FTT price falls amid liquidation claims

  07-11-2022 14:36 via coinjournal.net
  FTT price has dropped by more than 12% in the past seven days following some issues with a leaked Balance Sheet of FTX’s sister firm Alameda Research.
  In particular, the leaked balance sheet showed an imbalance in Alameda’s financials and triggered fear among investors who have been withdrawing funds including stablecoins from FTX at an alarming rate.
  Stablecoins worth more than $451 million have been withdrawn from the FTX exchange in the last seven days according to Nansen data.
  Wh
  
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• Crypto hits the main stage at Web Summit in front of record crowds

  07-11-2022 14:32 via cointelegraph.com
  Web Summit attracted over 71,000 attendees to Lisbon for the renowned technology summit, with cryptocurrency and blockchain taking a more central role in 2022.
  
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• Is FTX insolvent? Why is Binance selling FTT? – Deep Dive

  07-11-2022 14:13 via coinjournal.net
  Binance CEO CZ announced the exchange is dumping their FTT holdings following revelations about the Alameda/FTX relationship
  Alameda’s $14.6 billion of assets are 40% FTT, FTX’s native token
  There is minimal information about how Alameda’s $8 billion of liabilities are denominated
  Bankman-Fried foilliquidity Alameda and FTX but has defended the conflict of interest
  Volume of FTT is low – the illiquidity would prevent Alameda selling their FTT
  Alameda has offered to buy C
  
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• Solana erases its 'Google rally' gains but a 50% SOL price recovery is still in play

  07-11-2022 14:06 via cointelegraph.com
  Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months.
  
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• Fugaso Will Start Accepting Fasttoken (FTN) as a Supported Cryptocurrency - European Gaming Industry News

  07-11-2022 13:58 via news.google.com
  Fugaso Will Start Accepting Fasttoken (FTN) as a Supported Cryptocurrency  European Gaming Industry News
  
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• The Global Cryptocurrency Mining Hardware Market is expected to grow by $12053.16 mn during 2023-2027, accelerating at a CAGR of 11.35% during the forecast period - GlobeNewswire

  07-11-2022 13:57 via news.google.com
  The Global Cryptocurrency Mining Hardware Market is expected to grow by $12053.16 mn during 2023-2027, accelerating at a CAGR of 11.35% during the forecast period  GlobeNewswire
  
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• Algorand price prediction as World Cup countdown starts

  07-11-2022 13:57 via coinjournal.net
  Algorand price has defied gravity in the past few weeks as optimism of the upcoming World Cup rises. ALGO was trading at $0.43, which was about 50% above the lowest level in October of this year. This price is slightly below this month’s high of $0.4537. 
  World Cup could be a catalyst
  World Cup is one of the biggest sporting events in the world. FIFA estimated that more than 3.5 billion people watched the last World Cup held in Russia. It now expects that over 5 billion people will wa
  
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• Phala Network price prediction as PHA darts higher

  07-11-2022 13:56 via coinjournal.net
  Phala Network price defied gravity on Monday as other cryptocurrencies crashed. PHA rose to a high of $0.2832, which was the highest level since October 18. It has jumped by more than 228% above the lowest level in October.
  What is Phala Network?
  Phala Network is a decentralised project known for its combination of blockchain and secure enclave architecture. It is a Polkadot project that seeks to become the biggest peer-to-peer computing network. It has over 35k computation workers in more
  
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• Voice of the consumer: Cryptocurrency scammers zero in on seniors - KKTV

  07-11-2022 13:53 via news.google.com
  Voice of the consumer: Cryptocurrency scammers zero in on seniors  KKTV
  
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• Tron Transaction Volume Balloons To 5.3 Million In Q3, But There’s Still Doubts Ahead

  07-11-2022 13:40 via newsbtc.com
  Once a week, the official Tron Twitter account would tweet out an update for the world to see. The events of the past week, the post claims, have provided Tron with new possibilities. Also during the quarter, Messari published their own report on Tron’s performance.
  As more data on the token’s side are investigated, the research claims that the future of the protocol is bright, but that mixed signals are spreading doubt to fans and investors.
  This can be worrisome since low confidenc
  
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• Best Cryptocurrency Wallets for Ubuntu and Linux - Captain Altcoin

  07-11-2022 13:05 via news.google.com
  Best Cryptocurrency Wallets for Ubuntu and Linux  Captain Altcoin
  
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• Cryptocurrency Automated Teller Machines (ATMs) market 2028 Drivers and Government Sectors and leading players – General Bytes, Genesis Coin, Lamassu, Bitaccess - Digital Journal

  07-11-2022 12:59 via news.google.com
  Cryptocurrency Automated Teller Machines (ATMs) market 2028 Drivers and Government Sectors and leading players – General Bytes, Genesis Coin, Lamassu, Bitaccess  Digital Journal
  
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• Huobi adds spot trading for 12 USDD pairs and launches zero-fee trading

  07-11-2022 12:51 via coinjournal.net
  Huobi has launched zero-fee trading for select assets in addition to launching spot trading for 12 USDD pairs that include Terra Classic (LUNC), Ripple (XRP), and Cardano (ADA). The zero-fee trading will however be for a limited time.
  The move which is similar to Bybit’s zero trading campaign is aimed at encouraging Huobi’s customers to adopt the USD trading pairs after they were launched.
  The 12 new USDD pairs
  According to a press release and tweet from Huobi, the twelve newly intro
  
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• Bitcoin (BTC) Looks Strong Above $20,500; Here Is The Key Level To Watch

  07-11-2022 12:43 via newsbtc.com
   BTC’s price needs to stay above $20,500 for the price to have a chance to rally high to a region of $22,500.
   BTC’s price continues to trend, creating a more bullish bias as the price aim for $22,500, where the price could face resistance. 
  BTC’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA).The crypto market had a good run in the previous week as the price of Bitcoin (BTC) su
  
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• These Events Will Be Key For Bitcoin And Crypto This Week

  07-11-2022 12:30 via newsbtc.com
  The Bitcoin and crypto market is kicking off what could be an extremely important week. While the market is currently overwhelmed by the news surrounding the battle between Binance CEO Changpeng Zhao (“CZ”) and FTX CEO Sam Bankman-Fried (“SBF”), the midterm elections and the release of the CPI data in the US are two major events that could be of crucial importance for the market.
  As Bitcoinist reports, CZ had announced on Sunday that Binance will sell all of its FTT token
  
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• Metaverse Company The Nemesis Announces Launch of NFT Car Collection “RC-NITRO”

  07-11-2022 12:26 via crypto-news.net
  The Nemesis, a Metaverse company with a unique hybrid model that seamlessly unites Web2 and Web3, has announced the launch of their second NFT collection, RC-NITRO.  Set to launch on the 1st November with Early Access, and launching via public sale shortly after, RC-NITRO is the second NFT Collection from The Nemesis, featuring 8888 unique […]
  The post Metaverse Company The Nemesis Announces Launch of NFT Car Collection “RC-NITRO” appeared first on Crypto-News.net.
  
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• FTX addresses user withdrawal complaints amid major token movement

  07-11-2022 12:23 via cointelegraph.com
  The exchange assured users in a series of Tweets that withdrawals should be moving along and matching engines are running as they should - though some users didn’t buy it.
  
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• Southeast Asia and DeFi’s Big Bet on the Unbanked

  07-11-2022 12:00 via cointelegraph.com
  With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.
  
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• Cryptocurrency Market - Outlook India

  07-11-2022 11:46 via news.google.com
  Cryptocurrency Market  Outlook India
  
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• Deribit hackers move stolen Ether to Tornado Cash crypto mixer

  07-11-2022 11:31 via cointelegraph.com
  The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.
  
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• Gala token exploit 'not a white hat act': Huobi Global

  07-11-2022 11:18 via cointelegraph.com
  Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions.
  
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