Cryptocurrency news

• Crypto Market Tanks As Binance And FTX Battle Continues

  08-11-2022 23:42 via newsbtc.com
  Recently, the crypto space has been facing an unexpected display between two prominent crypto exchanges, Binance and FTX. The CEO of Binance, Changpeng Zhao (CZ), announced that the exchange would liquidate all FTT tokens in its holdings. Naturally, this news created a negative impact on FTX and its token.
  Further, the entire crypto market has been thrown into the red as most crypto assets are losing value. The crash in the price of FTT is also influenced by a massive depreciating trend on sever
  
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• Crypto fans should get behind Elon Musk’s subscription model for Twitter

  08-11-2022 23:06 via cointelegraph.com
  Twitter's subscription model is a step toward decentralization, and it will better align incentives between content creators and consumers.
  
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• US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program

  08-11-2022 22:55 via cointelegraph.com
  The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities."
  
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• Coinbase and Kraken experience limited services amid markets turbulence

  08-11-2022 22:48 via cointelegraph.com
  They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform.
  
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• Bitcoin Records Fresh Bear Market Low At $17,500, Was This The Bottom?

  08-11-2022 22:29 via newsbtc.com
  The crypto market is trading in the red, with Bitcoin and other cryptocurrencies recording double-digit losses over today’s trading session. The number one cryptocurrency retraces its profits from last week and fallback into a new yearly low.At the time of writing, Bitcoin (BTC) trades at $18,200, with a 13% loss in the last 24 hours and an 11% loss in the previous seven days. Other cryptocurrencies in the crypto top 10 by market cap are following a similar trajectory, with Dogecoin (DOGE)
  
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• Bitcoin Bloodbath Takes Crypto To New Bear Market Lows | BTCUSD November 8, 2022

  08-11-2022 22:06 via newsbtc.com
  In this episode of NewsBTC’s daily technical analysis videos, we examine the bloodbath across crypto today and the new record low for this Bitcoin bear market.
  Take a look at the video below:
  VIDEO: Bitcoin Price Analysis (BTCUSD): November 8, 2022
  It was a highly volatile day in crypto markets, led by a battle between FTX and Binance that ultimately might end with Binance owning FTX.com. The two company’s CEO’s public spat caused the already fearful crypto market to collapse f
  
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• Why is Bitcoin price down today?

  08-11-2022 22:05 via cointelegraph.com
  Bitcoin price is down, trading at a new yearly low, but what are the primary reasons behind the most recent decline?
  
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• Chainlink (LINK) Loses Gains Due To Market Bloodbath, Is Rebound Possible?

  08-11-2022 22:05 via newsbtc.com
  The cryptocurrency market has been facing high volatility at the time. With Bitcoin recording over 13% loss on the day, altcoins took effect and plummeted heavily. Similarly, Chainlink lost its gains following the market trend. But, the token established itself as one of the top gainers on the same day and marked $9.34. Due to turns of events, LINK currently fluctuates a loss of 19.80% and trades at $7.36. This currency made its investors happy with a week-over-week increase of over 3%. 
  Se
  
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• What Is The Possibility Of Cardano Touching $0.50 Mark? Let’s Explore

  08-11-2022 21:41 via newsbtc.com
  The crypto market has halted its brief bullish rally, with prices generally dropping; for example, Cardano (ADA) has lost 9% in the last 24 hours. Currently, Cardano is trading at $0.366.
  Cardano price falls on the chart l ADAUSDT On Tradingview.com
  In recent weeks there has been an upsurge in most cryptocurrency prices due to the recent rally of bitcoin. However, experts believe the crypto winter is still on but nearing its closing phases.The general slump in the big crypto players like bitcoin
  
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• Binance's FTX acquisition seen as chess move by crypto community

  08-11-2022 20:30 via cointelegraph.com
  Binance's decision to liquidate 23 million FTT tokens triggered FTX's liquidity crisis.
  
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• Bitcoin To Dump Even Lower? This On-Chain Metric May Suggest It

  08-11-2022 20:00 via newsbtc.com
  Bitcoin has sharply rebounded back to $20.4k, but is the decline actually over? This on-chain metric may suggest otherwise.
  Bitcoin Coin Days Destroyed Metric Has Spiked Up Over The Past Day
  As pointed out by an analyst in a CryptoQuant post, BTC Coin Days Destroyed is showing a spike at the moment.
  A “coin day” is the amount that 1 BTC accumulates after sitting still on the chain for 1 day. When any coin with some number of coin days shows any movement, its coin days reset back to z
  
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• The War Is Over!: Binance Announces FTX Buyout And The Market Recovers

  08-11-2022 19:41 via newsbtc.com
  Did Binance just do what we think it did? The world’s biggest cryptocurrency exchange by trading volume will likely buy one of its biggest competitors. The market was in turmoil, the players were in panic mode, but this news calmed the waters in a big way. What’s next, though? Will Binance actually go through with the buyout? Is the deal final? And what does this story says about FTX’s business model? Were they fractional-reserving their way to success?Let that sink in…
  
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• FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX

  08-11-2022 18:34 via cointelegraph.com
  Solana and FTX token saw a sharp rebound after headlines announced that Binance would acquire FTX due to liquidity issues, but will the upside last?
  
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• Germany’s financial regulator orders Coinbase to address ‘business organization’ practices

  08-11-2022 18:30 via cointelegraph.com
  In effect since Oct. 27, BaFin’s order referred to Coinbase’s Germany arm outsourcing some operations “essential for conducting banking business or providing financial services.”
  
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• Bitcoin’s Decline Below $20,000 Proves The Bottom Is Not In

  08-11-2022 17:57 via newsbtc.com
  Bitcoin was tethering above $20,000 for the last week, and its ability to hold above this level through the FOMC announcement had led to speculations that the digital asset had finally hit its bottom. However, recent developments and bitcoin’s fall below $20,000 has proven that this is not the case. Even more, it points to a further decline in the market that could drag the cryptocurrency to even lower lows.
  Bottom Is Not In
  Bitcoin is now trading in the $19,000 which has completely destro
  
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• Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’

  08-11-2022 17:28 via cointelegraph.com
  Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange.
  
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• Breaking: Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’

  08-11-2022 17:25 via cointelegraph.com
  FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.”
  
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• Bitcoin Bullish Signal: Supply Reaches All-Time High HODLing Levels

  08-11-2022 17:00 via newsbtc.com
  Data shows the Bitcoin supply has now reached all-time high HODLing levels, a sign that could be bullish for the price of the crypto.
  Bitcoin HODLed Or Lost Coins Metric Has Hit A New ATH
  As per the latest weekly report from Glassnode, investors have been showing some aggressive accumulation behavior recently.
  There are a couple of relevant indicators here. The first is the “HODLed or Lost Coins,” which measures the total number of coins that have been sitting dormant on the blockcha
  
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• 3 Top Altcoins That Defy The Market Retracement- REEF, LINK, VET

  08-11-2022 16:30 via newsbtc.com
   LINK’s price holds strong as price eyes a rally to $12 after breaking out of its long-range accumulation zone.
   REEF’s price continues to trend above key support as price broke out of its downtrend with eyes set for $0.01. 
  VET’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA).Previous weeks saw the price of most altcoins trend higher this has put these 3 top altcoins in the spo
  
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• Chainlink plunges from three-month high as LINK price eyes another 50% correction

  08-11-2022 16:09 via cointelegraph.com
  LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation.
  
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• Chainlink plunges from 3-month high as LINK price eyes another 50% correction

  08-11-2022 16:09 via cointelegraph.com
  LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation.
  
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• Gym owners aim to bring NFT memberships to wellness clubs

  08-11-2022 16:08 via cointelegraph.com
  NFT membership models are being leveraged to solve challenges faced by the fitness industry.
  
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• Here are the pros and cons of owning cryptocurrency in your 401(k) plan - CNBC

  08-11-2022 15:30 via news.google.com
  Here are the pros and cons of owning cryptocurrency in your 401(k) plan  CNBC
  
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• Single-issue crypto voters weigh in on midterms before US Election Day

  08-11-2022 15:17 via cointelegraph.com
  The outcome of elections with pro- and anti-crypto political candidates could determine the future of digital asset legislation and regulation in the United States.
  
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• Could Bitcoin have launched in the 1990s — Or was it waiting for Satoshi?

  08-11-2022 15:01 via cointelegraph.com
  With the Internet, elliptic curve cryptography, even Merkle trees and PoW protocols all present, Bitcoin was “technically possible” in 1994.
  
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• Dogecoin retest support $0.1; Here Is why Doge Army Must Defend This Region

  08-11-2022 14:57 via newsbtc.com
   DOGE’s price needs to stay above $0.1 for the price to have a chance to rally high to a region of $0.15.
   DOGE’s price continues to trend above key support of $0.1 as the hopes of rallying higher continue to dwindle. 
  DOGE’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA).Previous weeks saw the price of Dogecoin (DOGE) rally with so much bullish sentiment creating more
  
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• Chainlink (LINK) Rejected At $9.20 But Picks Up Steam – Levels To Watch

  08-11-2022 13:54 via newsbtc.com
  While the broader crypto market is currently trying to recover from the shock surrounding FTX and the accompanying fears of a contagion effect, Chainlink has recorded the highest price increase within the top-100 by market cap within the last 24 hours.
  At press time, the LINK price was up 6.2% from the previous day, trading at $8.71. Over the past seven days, Chainlink has even posting a whopping plus of around 13%. Trading volume has grown to $1.435 billion in the last 24 hours, up 161% from th
  
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• Polygon Beats Estimates As MATIC Registers 26% Weekly Gain

  08-11-2022 12:46 via newsbtc.com
  Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period right now among the top 15 cryptocurrencies in terms of market capitalization.
  Trading at $1.11 according to latest tracking from Coingecko at press time, the altcoin managed to climb by 26% for the past week. Its biweekly and monthly performances are also impressive, increasing by 23% and 35%, respectively.
  Here’s a quick glance at how MATIC is ushering the ne
  
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• VeChain (VET) Climbs 10% In Last 7 Days – What’s Going On?

  08-11-2022 11:53 via newsbtc.com
  The VeChain (VET) price has been able to build on its bullish momentum over the past week and is currently bucking the current market trend.
  As Bitcoinist reported, the entire crypto market is currently facing a major fear of a contagion effect triggered by the perceived troubles of the US exchange FTX.
  Within the top 100 by market cap, there are currently only a handful of altcoins besides VeChain, including Chainlink (LINK) and Toncoin (TON), that are showing price gains within the last 24 hou
  
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• Ethereum Shanghai upgrade: EIP-3651 to cut gas fees for key network participants

  08-11-2022 11:40 via cointelegraph.com
  Traders using builders to execute their complex trades could save a significant chunk of their gas fees as they no longer have to pay for failed transactions.
  
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• Crypto Exchange Coinmetro Seeks US And Europe Expansion Amid Bearish Market

  08-11-2022 11:12 via newsbtc.com
  With the increasing adoption and acceptance of crypto assets, more crypto-related firms and service providers are rising. Also, they are taking their expansion visions in the sector very seriously.
  However, crypto industry regulations have placed limitations on some firms’ goals. Most top-tier regulators require the fulfilment of some rules for the operation of crypto service providers in their regions. These include registration and other license approval from the country watchdogs.
  Coinm
  
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• DeFi faces criticism for denying user access based on wallet content

  08-11-2022 11:02 via cointelegraph.com
  Entrepreneur Brad Mills said that decentralized finance rebuilt everything wrong with Wall Street on a blockchain.
  
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• Alameda on the radar of BitDAO community for alleged dump of BIT tokens

  08-11-2022 10:20 via cointelegraph.com
  Bybit co-founder Ben Zhou stated that while no wrong-doing is confirmed, the BitDAO community would like to see proof of fund from Alameda.
  
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• Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

  08-11-2022 10:17 via cointelegraph.com
  Analytics tools can barely keep up as mass withdrawals appear to imply liquidity is evaporating.
  
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• Japan’s largest mobile operator to establish Web3 consortium

  08-11-2022 10:00 via cointelegraph.com
  Partially owned by the state, NTT Docomo aims to to accelerate the Web3 adoption in the Japan.
  
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• Ethereum Loses $1,500 Grip As ETH Heads Down To Correction Phase

  08-11-2022 09:55 via newsbtc.com
  Ethereum may have finally exhausted its energy after going full throttle over the last few days that enabled it to briefly hit $1,675.
  As the altcoin alpha has finally entered the expected correction phase, analysts shared their thoughts, saying the crypto, at all cost, must hold its $1,500 support zone if it hopes to initiate another bullish rally anytime soon.
  Let’s take a quick glance at how Ether has performed so far this month:Ethereum failed to hold the crucial $1,500 support marker
  
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• MiCA legislation good news for crypto players: Binance Europe VP

  08-11-2022 09:48 via cointelegraph.com
  The European Union’s Markets in Crypto-Assets legislation could create an easier environment for exchanges to operate in, according to Binance’s VP of Europe.
  
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• Dogecoin (DOGE) Makes U-Turn, Why This Support Might Start Fresh Increase

  08-11-2022 09:29 via newsbtc.com
  Dogecoin declined heavily from the $0.160 resistance against the US Dollar. DOGE could start a fresh increase if it stays above the $0.090 support zone.DOGE topped near the $0.160 zone and started a fresh decline against the US dollar.
  The price is trading well above the $0.0700 zone and the 100-day simple moving average.
  There was a break below a key rising channel with support near $0.1180 on the daily chart of the DOGE/USD pair (data source from Kraken).
  The pair must stay above the $0.090 su
  
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• The Binance Vs. FTX War: Here Are The Most Recent Stats & On-Chain Data

  08-11-2022 09:03 via newsbtc.com
  Is this the beginning of the end for FTX and Alameda Research? Or will both organizations come out stronger on the other side? As NewsBTC reported, Binance’s CZ smelled blood in the water and announced his exchange was selling their FTT reserves. That created a sort of a bank-run that left FTX in a dangerous position. Are both of the Sam Bankman-Fried-led organizations’ destinies tied to the FTT token? Or will they be fine even if it falls?
  In the most recent Bitcoin Magazine Pro rep
  
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• The Future Of Cryptocurrency Will Alter, But... - Salon Privé Magazine

  08-11-2022 09:00 via news.google.com
  The Future Of Cryptocurrency Will Alter, But...  Salon Privé Magazine
  
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• Cryptocurrency prices today: Bitcoin, ether, dogecoin fall while Chainlink, Polkadot surge | Mint - Mint

  08-11-2022 09:00 via news.google.com
  Cryptocurrency prices today: Bitcoin, ether, dogecoin fall while Chainlink, Polkadot surge | Mint  Mint
  
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• Binance CEO not interested in Alameda's offer to buy up its FTT holdings

  08-11-2022 08:48 via cointelegraph.com
  CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance's FTX Tokens saying they'd rather “stay in the free market.”
  
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• NFTs are the key to turning passive fandom into an active community

  08-11-2022 08:32 via cointelegraph.com
  DAOs may be where all the action takes place, but the genesis of new Web3 communities popping up on the scene starts at the NFT.
  
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• Apecoin Price Likely To Climb 20% If APE Can Sustain Its Energy

  08-11-2022 07:52 via newsbtc.com
  Apecoin (APE) is currently having a challenging start for November as it continues to paint its chart in red, declining by almost 15% over the last 30 days.
  The main cryptocurrency of the Bored Yacht Club ecosystem that was launched in March 16, 2022 is changing hands at $4.44 according to tracking from Coingecko.
  Here’s a quick glance at how APE has been performing this month:Apecoin finally managed to break out of its bearish price pattern after six months
  APE has been down by 6% over th
  
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• Investors increasingly confident of Ripple's victory over SEC: CoinShares

  08-11-2022 07:33 via cointelegraph.com
  XRP investment products have seen a third consecutive week of inflows, suggesting investors may be increasingly confident of Ripple's victory.
  
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• ‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam

  08-11-2022 07:06 via cointelegraph.com
  The list comes out as part of Australia's 2022 Scams Awareness Week.
  
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• Rivals steadfast even as two Aussie crypto ETF providers bail

  08-11-2022 06:44 via cointelegraph.com
  The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter.
  
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• Nifty News: Royalty-enforcing NFTs a 'new asset class,' South Korea buys NFTs with CBDC, and more

  08-11-2022 05:34 via cointelegraph.com
  The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them.
  
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• Ethereum Price Crashes Below $1,500, Why FTT and BNB Sparked Downtrend

  08-11-2022 05:24 via newsbtc.com
  Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE.Ethereum started a major decline below the $1,550 and $1,500 levels.
  The price is now trading below $1,500 and the 100 hourly simple moving average.
  There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken).
  The pair is down over 7% and there is a risk of a move below the $1
  
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• Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report

  08-11-2022 05:08 via cointelegraph.com
  Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing Anti-Money Laundering rules for crypto providers.
  
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