Cryptocurrency news

• Bitcoin price hits multi-year low at $15.6K, analysts expect further downside

  09-11-2022 23:37 via cointelegraph.com
  BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
  
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• OKX, Kucoin say proof of reserves will be ready in a month

  09-11-2022 23:18 via cointelegraph.com
  Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
  
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• 4 tips for safely buying and selling cryptocurrency - Fortune

  09-11-2022 23:00 via news.google.com
  4 tips for safely buying and selling cryptocurrency  Fortune
  
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• MiCA proponent cites FTX in advocating for regulation: 'Crypto assets are not play money'

  09-11-2022 22:50 via cointelegraph.com
  "With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger.
  
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• Bitcoin Bear Markets Compared: How Much Longer Till The Bottom? | BTCUSD November 9, 2022

  09-11-2022 22:36 via newsbtc.com
  In this episode of NewsBTC’s daily crypto technical analysis videos, we are examining past Bitcoin bear markets to see how much further we could have before a bottom is in.
  Take a look at the video below:
  VIDEO: Bitcoin Price Analysis (BTCUSD): November 9, 2022
  Bitcoin price continues to set new low after low now that support has been decisively broken. 
  Expanded Flat Corrective Pattern Fills Out Further
  The market is clearly bearish, but on the brighter side we have what could be the
  
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• Orthogonal Credit alleged key weaknesses in Alameda's due diligence early in 2022

  09-11-2022 22:30 via cointelegraph.com
  The firm pushed Maple Finance to halt Alameda's dedicated borrower pool earlier this year.
  
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• Binance Pulls Out OF FTX Deal, Bitcoin Crashes Below $16,000

  09-11-2022 22:27 via newsbtc.com
  Crypto exchange Binance is officially out of the FTX agreement. According to an official statement, the company won’t purchase its competitor.
  Via its official Twitter handle, Binance claims that regulatory pressure and other factors impacted their decision. The report claimed that the company reviewed FTX’s books and decided to walk out of their non-binding agreement. The company said:
  As a result of corporate due diligence, as well as the latest news reports regarding mishandled cu
  
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• Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours

  09-11-2022 22:21 via cointelegraph.com
  Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement.
  
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• Best 3 Ethereum-based tokens to watch when the bull market returns

  09-11-2022 22:16 via coinjournal.net
  2022 has been characterised by a prolonged crypto winter. For this reason, most cryptocurrencies are trading at depressed levels. But one sure thing is that digital assets will be back on track again. Thus, buying the best tokens will rank top in investors’ minds. 
  Tokens of reputable blockchains like Ethereum will top the list of the best investable opportunities. The following tokens will outperform the market in the bull market.
  Ethereum (ETH)
  ETH is the native cryptocurrency of th
  
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• Alameda Research and FTX Ventures websites go dark

  09-11-2022 22:01 via cointelegraph.com
  Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private.
  
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• Binance’s victory over FTX means more users moving away from centralized exchanges

  09-11-2022 21:51 via cointelegraph.com
  Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
  
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• Binance’s victory over FTX means more users moving away from central exchanges

  09-11-2022 21:51 via cointelegraph.com
  Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
  
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• OKB Token Still Holds Above 14% Following Market Plummet

  09-11-2022 21:36 via newsbtc.com
  Thanks to the FTX/Alameda saga, the crypto market has taken a nosedive, dragging everyone along. But while the entire market bleeds, OKB, the native token of OKX exchange, has held on to substantial weekly gains. Specifically, the token is trading at $18.61, a 14.57% rise in the last seven days. 
  However, its daily price hasn’t been pretty. As of writing, OKB has lost over 12%, and there’s no hope of recovery anytime soon. The only other crypto that held on to its weekly gain wa
  
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• NFT trademark filings grow in 2022: Nifty Newsletter, Nov. 2–8

  09-11-2022 21:00 via cointelegraph.com
  South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC).
  
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• Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

  09-11-2022 20:34 via cointelegraph.com
  Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided.
  
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• FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

  09-11-2022 20:21 via newsbtc.com
  The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet.A report from Semafor indicates that FTX’s legal and compliance staff left en masse as the company announced its deal with Binance. The report cites people familiar with the matter speculating on the company’s hurdles to completing any agreement withou
  
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• Polygon (MATIC) Looks Good Above $0.75 Despite Market Turmoil; Here Is Why?

  09-11-2022 20:12 via newsbtc.com
   MATIC’s price loses its $1 support as the price trades to a region of $0.8. 
   MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
  MATIC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA).In the last two days, the crypto market has been erratic with the price of many altcoins, including Polygon (MAT
  
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• Subway accepts Bitcoin, so users can get a sandwich on the Lightning Network

  09-11-2022 20:00 via cointelegraph.com
  The largest franchise in the world, Subway, is testing out the Lightning Network layer-2 Bitcoin payments solution and receiving encouraging results in Berlin, Germany.
  
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• Bitcoin On-Chain Data: Selling From Whales Holding 1k+ BTC Behind Crash

  09-11-2022 20:00 via newsbtc.com
  On-chain data shows Bitcoin whales with more than 1k BTC were the main sellers in the latest crash, as other cohorts displayed muted activity.
  Bitcoin Spent Output Value Bands Shows Spike From 1k-10k Group
  As pointed out by an analyst in a CryptoQuant post, unlike in the previous declines, the 10-100 BTC and 100-1k BTC cohorts didn’t show any spikes in activity during the latest crash.
  The relevant indicator here is the “Spent Output Value Bands” (SOVB). which displays the numb
  
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• Singapore's Temasek engages with FTX in liquidity crisis

  09-11-2022 19:30 via cointelegraph.com
  Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January.
  
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• Bitcoin sinks under $16K as FTX insolvency fears turn into contagion

  09-11-2022 19:01 via cointelegraph.com
  BTC and altcoins continue to sell off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.
  
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• Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion

  09-11-2022 19:01 via cointelegraph.com
  BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.
  
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• Nexo dodges $219M bullet just days before FTX’s solvency crisis

  09-11-2022 19:00 via cointelegraph.com
  The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.
  
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• BlockFi reopens Interest Yield Product for accredited US investors

  09-11-2022 18:51 via coinjournal.net
  Crypto lending platform BlockFi in a press release on November 7 stated that it will reopen the BlockFi Yield, an interest-bearing digital asset account, by the end of 2022 to US accredited investors.
  The Beta version will be available to first select US investors starting at the end of the year. The product will afterwards be available to all US clients at the start of 2023 allowing investors to earn interest on digital assets.
  The BlockFi Yield offers competitive interest rates on digital asse
  
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• Algorand (ALGO) Loses Its Gains As Majority Of Coins Plummet

  09-11-2022 18:47 via newsbtc.com
  Despite bagging substantial gains earlier in the trading day, Algorand (ALGO) is down over 27% as of writing. The token’s price drop follows a bearish market sentiment that sees major coins plummet on the day. 
  The past seven days had seen the token climb steadily. It even tried reaching its 6-month high of $0.488 yesterday. However, its rally was cut short and only registered an intraday high of $0.409.Algorand’s price dump comes as news of FTX acquisition by Binance surfaces.
  
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• Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals

  09-11-2022 18:15 via cointelegraph.com
  The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity.
  
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• Polygon (MATIC) Holds Its Gains While Market Turns Red

  09-11-2022 18:10 via newsbtc.com
  Polygon’s MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX’s acquisition by Binance was made known. The FTX saga has shaken many crypto investors for days due to rumors that the platform had liquidity issues. This resulted in mass liquidation, especially of the platform’s native token, FTT. 
  Although the acquisition news pushed prices up, bearish sent
  
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• Crypto market maker Wintermute has funds stuck on FTX

  09-11-2022 18:01 via coinjournal.net
  Crypto market maker Wintermute has confirmed that it has funds stuck in the embattled crypto exchange FTX. However, the firm has said that the amount of funds held in the exchange is not much and they are within their risk tolerance.
  Wintermute further said that the funds will not impact its overall financial standings. The firm said that it has put in place risk controls and efforts to remove some of the funds from the exchange prior to the collapse although some funds still remain.
  In a tweet
  
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• Alameda-Backed Tokens Suffer As FTT Fights To Stay Alive

  09-11-2022 18:00 via newsbtc.com
  In the wake of the FTX decline, the official token of the crypto exchange, FTT Token, has suffered a massive blow in the market. In the three days since Binance’s announced its intention to sell off its FTT, the token has recorded double-digit losses. However, the losses have not just been localized to one token, the general crypto market has suffered for it, but the worst of it has been reserved for the tokens Alameda Research has invested in.
  FTT Token Slumps
  In what has been a shocking
  
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• In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

  09-11-2022 17:45 via cointelegraph.com
  “People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.
  
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• Bitcoin price risks $17K amid claim Binance may reject FTX takeover

  09-11-2022 17:40 via cointelegraph.com
  Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.
  
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• L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

  09-11-2022 17:00 via cointelegraph.com
  Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.
  
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• Ethereum Sinks To $1.2k, But Selling Pressure Only Seems To Be Rising

  09-11-2022 17:00 via newsbtc.com
  Ethereum has plunged below $1.3k today, but the decline may not be over quite just yet as on-chain data shows selling pressure continues to rise in the market.
  Ethereum Exchange Inflows Have Continued To Go Up During The Past Day
  As pointed out by an analyst in a CryptoQuant post, the ETH derivative and spot exchange inflows are both still on the rise.
  The “exchange inflow” is an indicator that measures the total amount of Ethereum entering into the wallets of centralized exchanges.
  
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• Crypto Giant Coinbase Not Interested In Buying FTX U.S, COIN Stock Plunges

  09-11-2022 17:00 via newsbtc.com
  The crypto market became red with massive losses on Tuesday. Some analysts speculated that the selling pressure on Bitcoin and Ethereum from FTX’s attempt to raise liquidity against impending insolvency caused this cascade of losses.
  Some analytics data revealed that FTX liquidated its ETH holdings, which placed selling pressure on Ethereum and extended a sell-off to Bitcoin. However, despite FTX’s actions in the market to withstand the tanking of its token FTT, the asset didn’
  
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• AllianceBlock launches its Trustless IDentity Verification solution on Mainnet

  09-11-2022 17:00 via coinjournal.net
  AllianceBlock’s TIDV solution is now live on the mainnet, adding on-chain verification to its end-to-end infrastructure.AllianceBlock, a platform that seeks to build seamless gateways into DeFi,  has announced the launch of its Trustless IDentity Verification (TIDV) solution on Mainnet.
  According to the press release shared with Coinjournal, Fundrs is the platform to integrate the TIDV solution.
  The team explained that its Trustless Identity Verification (TIDV) is a blockchain-based a
  
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• Some central banks have dropped out of the digital currency race

  09-11-2022 16:38 via cointelegraph.com
  There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.
  
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• Bybit says customer confidence and market stability should be top priority for exchanges

  09-11-2022 16:37 via coinjournal.net
  Crypto exchange Bybit believes that digital asset trading platforms should focus on customer confidence and market stability.Bybit, the world’s third most visited crypto exchange, believes that the recent market volatility is a wake-up call for the broader cryptocurrency market.
  The crypto market has lost roughly 10% of its value since the start of the week. The struggles began after FTX faced selling pressure from the market, with Binance subsequently announcing that it would ac
  
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• Coinbase, Tether, and Circle deny exposure to Alameda and FTX

  09-11-2022 16:23 via coinjournal.net
  Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk.
  Tether’s Chief Technology Officer Paolo Ardoino has come out to clarify via Twitter that the Stablecoin issuer does not have exposure to either FTX or Alameda. Replying to Wu Blockchain’s tweet that said “
  
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• Binance tops up emergency fund to $1b

  09-11-2022 16:11 via coinjournal.net
  Binance’s Secure Asset Fund for Users (SAFU), which was worth $1 billion in January this year, now amounts to $735 million due to the deteriorating market. 
  The world’s biggest crypto exchange by trading volume wrote on its website that it had topped the SAFU balance back to $1 billion. 
  Fund aims to protect users in extreme situations 
  The exchange promised its users that SAFU would always maintain a sizable level. The emergency insurance fund was established in 2018
  
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• How to stay safe from NFT scams

  09-11-2022 15:49 via coinjournal.net
  NFT is short for a non-fungible token, but you probably already have heard of this massive buzzword. If we go into more detail, the term non-fungible token refers to interchangeable digital assets, including anything from videos and audio files to photos. 
  Unlike fungible assets like cryptocurrency, you can’t exchange an NFT for another non-fungible token, as each digital asset is unique. 
  NFTs exploded last year, attracting countless traders and digital art fans who liked t
  
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• Binance partners with crypto hardware wallet maker Ledger

  09-11-2022 15:49 via coinjournal.net
  Binance on Wednesday announced that it has partnered with one of the largest hardware wallet makers Ledger.
  Ledger is the maker of the popular Ledger Nano S wallet.
  The strategic partnership will allow Binance users to use Ledger Live to securely buy and receive cryptocurrencies directly in their Ledger wallet accounts. User no longer needs to switch between apps to manually buy and transfer crypto funds.
  Acknowledging the partnership, Ledger a tweet said
  “Use your #Binance account wi
  
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• Fractional NFTs and what they mean for investing in real-world assets

  09-11-2022 15:26 via cointelegraph.com
  Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets.
  
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• MetaMask allows to move tokens on multiple blockchains with new DApp

  09-11-2022 15:00 via cointelegraph.com
  Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
  
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• MetaMask allows moving tokens on multiple blockchains with new DApp

  09-11-2022 15:00 via cointelegraph.com
  Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
  
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• Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

  09-11-2022 15:00 via cointelegraph.com
  Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
  
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• Crypto Exchange Binance Raises Its SAFU Fund To $1B Amid Price Swings

  09-11-2022 14:51 via newsbtc.com
  Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tension keeps increasing in the market.
  The fluctuations have triggered the leading crypto exchange Binance, to pursue sustainability. This new action came after the exchange announced its intent to acquire the FTX to ease its liquidity issues.The CEO of Binance, Changpeng Zhao (CZ), has actively noted th
  
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• Binance Coin Holds Above $290 Amidst Crypto Purge; Are Bulls Still In Control?

  09-11-2022 14:27 via newsbtc.com
   BNB’s price loses its $340 support as the price trades to a region of $290 before bouncing off this region. 
   BNB’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
  BNB’s price remains weak across all timeframes as the price trades slightly above the 50 Exponential Moving Average (EMA).Previous weeks saw the price of Binance Coin (BNB) outperform Bitcoin (BTC). Most altcoins tr
  
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• Singapore’s State Investor Temasek Engaging With FTX For Bailout

  09-11-2022 14:21 via newsbtc.com
  There could be a surprising twist in the drama surrounding Sam Bankman-Fried’s insolvent crypto exchange FTX. As reported by the Straits Times, a possible government takeover by Singaporean state investor Temasek could be on the table. The group is one of FTX’s many investors.Meanwhile, 3rd largest investor in @FTX_Official for @Temasek. HFSP! pic.twitter.com/sVjyOJZ99v
  — Phryics.eth (@Phryics) November 9, 2022According to the report, Temasek, in its role as a shareholder of FT
  
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• Meta joins big tech layoffs, lets go of 11,000 employees

  09-11-2022 14:15 via cointelegraph.com
  The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history.
  
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• Not just FTX Token: Solana price nukes 40% along with other 'Sam coins'

  09-11-2022 14:14 via cointelegraph.com
  Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week.
  
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