Cryptocurrency news

• Chainlink Labs offers Proof of Reserve service for embattled exchanges

  10-11-2022 23:19 via cointelegraph.com
  The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.
  
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• FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories

  10-11-2022 23:03 via cointelegraph.com
  Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers.
  
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• White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX

  10-11-2022 22:50 via cointelegraph.com
  According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.
  
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• FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for

  10-11-2022 22:45 via cointelegraph.com
  Hedge funds and asset managers are deploying digital asset teams, but lack of regulatory clarity is holding them back.
  
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• FTX US announces it may halt trading on its platform in a few days

  10-11-2022 22:40 via cointelegraph.com
  According to the FTX US, “Withdrawals are and will remain open.”
  
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• Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July

  10-11-2022 22:30 via cointelegraph.com
  Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.
  
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• Democrats renew push for cryptocurrency regulations after FTX collapse - Washington Examiner

  10-11-2022 22:30 via news.google.com
  Democrats renew push for cryptocurrency regulations after FTX collapse  Washington Examiner
  
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• Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

  10-11-2022 22:23 via cointelegraph.com
  BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.
  
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• New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

  10-11-2022 22:15 via cointelegraph.com
  NFTs from Layer 2 were not previously recognizable to apps like Twitter.
  
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• LayerZero Labs bought back its stake from FTX Ventures and Alameda

  10-11-2022 22:00 via cointelegraph.com
  The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.
  
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• Beware variety of cryptocurrency scams: OPP - Bradford News - BradfordToday

  10-11-2022 22:00 via news.google.com
  Beware variety of cryptocurrency scams: OPP - Bradford News  BradfordToday
  
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• FTX US resigns from the Crypto Council for Innovation

  10-11-2022 21:45 via cointelegraph.com
  “The news this week has been shocking, but we’ve also seen the community come together," said CCI CEO Sheila Warren.
  
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• 82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

  10-11-2022 21:30 via cointelegraph.com
  The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.
  
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• Coinbase Cuts More Staff As Bankman-Fried's FTX Rattles Cryptocurrency Market - Coinbase Global (NASDAQ:C - Benzinga

  10-11-2022 20:52 via news.google.com
  Coinbase Cuts More Staff As Bankman-Fried's FTX Rattles Cryptocurrency Market - Coinbase Global (NASDAQ:C  Benzinga
  
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• Bitcoin Eyes $18K Following Good US Inflation Report

  10-11-2022 20:31 via newsbtc.com
  The crypto market and Bitcoin trend over the past few days have been entirely unexpected. The market is feeling the heat from the bears as most of the crypto assets took to the south. Moreover, the FTX crisis has increasingly brought a different contagious negative performance in the space.Bitcoin had a complicated swing as the token dropped from its critical level of $20K. The price of BTC has dipped to around $16K region. The entire situation and unfolding of events are creating more fear and
  
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• Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

  10-11-2022 20:30 via cointelegraph.com
  Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter.
  
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• Cryptocurrency Internet Computer's Price Increased More Than 10% Within 24 hours - Internet Computer (IC - Benzinga

  10-11-2022 20:13 via news.google.com
  Cryptocurrency Internet Computer's Price Increased More Than 10% Within 24 hours - Internet Computer (IC  Benzinga
  
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• Cryptocurrency LEO Token's Price Increased More Than 10% Within 24 hours - Benzinga

  10-11-2022 20:11 via news.google.com
  Cryptocurrency LEO Token's Price Increased More Than 10% Within 24 hours  Benzinga
  
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• Naomi Osaka sees cryptocurrency investment go up in smoke - Tennis365

  10-11-2022 20:09 via news.google.com
  Naomi Osaka sees cryptocurrency investment go up in smoke  Tennis365
  
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• Cryptocurrency Monero Up More Than 5% In 24 hours - Monero (XMR/USD) - Benzinga

  10-11-2022 20:05 via news.google.com
  Cryptocurrency Monero Up More Than 5% In 24 hours - Monero (XMR/USD)  Benzinga
  
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• Cryptocurrency Flow's Price Increased More Than 6% Within 24 hours - Flow (FLOW/USD) - Benzinga

  10-11-2022 20:05 via news.google.com
  Cryptocurrency Flow's Price Increased More Than 6% Within 24 hours - Flow (FLOW/USD)  Benzinga
  
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• Bitcoin Supply In Loss Now At Similar Levels To COVID Crash And 2018 Bottom

  10-11-2022 20:00 via newsbtc.com
  On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom.
  Bitcoin Supply In Loss Spikes Up Following The Latest Crash
  As pointed out by an analyst in a CryptoQuant post, the BTC supply in loss has set a new record for this year following the FTX disaster.
  The “supply in loss” is an indicator that measures the total amount of Bitcoin that’s currently being held at some loss.
  This metric work
  
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• The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury

  10-11-2022 19:45 via cointelegraph.com
  The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.
  
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• Bitcoin Bounces On Lower Than Expected CPI Data | BTCUSD November 10, 2022

  10-11-2022 19:42 via newsbtc.com
  Bitcoin has taken 10% back in a dramatic move following the announcement of October CPI data. CPI came in below expectations, causing a melt up in risk assets including cryptocurrencies.
  Take a look at the video below:
  VIDEO: Bitcoin Price Analysis (BTCUSD): November 10, 2022
  Before suggesting any type of bottom is in, more downside could still be ahead, with this recent movement being nothing more than a bearish retest.
  Did The Drop Fill Out A Bullish Wedge Pattern?
  The downward move might have
  
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• ‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

  10-11-2022 19:00 via cointelegraph.com
  The Binance CEO added that the amount of misinformation going around now is “insane.”
  
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• GameFi: How Play-to-Earn Cryptocurrency Works - NerdWallet

  10-11-2022 18:41 via news.google.com
  GameFi: How Play-to-Earn Cryptocurrency Works  NerdWallet
  
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• US lawmaker warns of 'major consequences' for users of unregulated crypto firms, citing FTX

  10-11-2022 18:16 via cointelegraph.com
  "FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.
  
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• Ethereum Whales Gobble Up Over 650,000 ETH As Market Hits New Lows

  10-11-2022 18:00 via newsbtc.com
  Ethereum whales are going straight to market to load up their bags as ETH falls to ‘discount prices’. Just like the rest of the crypto market, Ethereum has taken a beating down, falling more than 20% in the last three days. While panic continues to spread across the market, whales have loaded up their holdings with more than 600,000 ETH.
  Ethereum Whales Buy The Dip
  The “Buy the dip” sentiment is still really strong among players in crypto. Since the assets are currently a
  
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• Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?

  10-11-2022 17:26 via newsbtc.com
   ETH’s price loses its $1,200 demand zone in the early hours as Binance rejects FTX takeover, with the price responding with a bounce from its daily low. 
   ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
  ETH’s price bounces from a low of $1,100 on the daily timeframes as the price aims for the 50 and 200 Exponential Moving Averages (EMA)In the last two days, the crypto ma
  
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• Breaking: FTX partially resumes withdrawals, blockchain data shows

  10-11-2022 17:25 via cointelegraph.com
  Transactions are leaving the FTX hot wallet at a rate in the single digits per minute.
  
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• BREAKING: FTX appears to have resumed withdrawals Blockchain data shows

  10-11-2022 17:25 via cointelegraph.com
  Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.
  
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• Grayscale Bitcoin Trust Tumbles By 41% Amid The FTX Calamity

  10-11-2022 17:23 via newsbtc.com
  The recent crisis in the world’s third-largest crypto exchange, FTX, is creating more devastating conditions in the Bitcoin and crypto market. Over the past few days, the FTX token (FTT) has lost more than 70% of its value.
  The events seem to have unlocked the bears into the market. As a result, the cumulative market cap has drastically decreased, indicating an overall negative performance.Also, several other crypto assets have been in the south. For example, Bitcoin has experienced more d
  
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• Manhattan DA freezes $1.3M in stolen cryptocurrency - Spectrum News NY1

  10-11-2022 17:17 via news.google.com
  Manhattan DA freezes $1.3M in stolen cryptocurrency  Spectrum News NY1
  
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• Japan's financial regulator requests FTX Japan halt operations

  10-11-2022 17:10 via cointelegraph.com
  Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.
  
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• Cryptocurrency Prices Continue to Plummet: What Should You Do? - The Motley Fool

  10-11-2022 17:09 via news.google.com
  Cryptocurrency Prices Continue to Plummet: What Should You Do?  The Motley Fool
  
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• Crypto Market Drops Back Into Extreme Fear As Crash Continues

  10-11-2022 17:00 via newsbtc.com
  Data shows the crypto investor sentiment has once again plunged back into extreme fear, as the crash in the market continues.
  Crypto Fear And Greed Index Now Points To A State Of “Extreme Fear”
  The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market.
  The metric uses a numeric scale that runs from zero to hundred for displaying this sentiment. All values above fifty imply a greedy market, while those below the thr
  
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• Report: Tether freezes $46M of FTX's USDT, setting new precedent

  10-11-2022 16:19 via cointelegraph.com
  Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
  
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• Report: Tether freezes $46M of FTX's USDT on Tron blockchain, setting new precedent

  10-11-2022 16:19 via cointelegraph.com
  Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
  
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• Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

  10-11-2022 16:15 via cointelegraph.com
  Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.
  
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• MANA Loses 80% Of Its Value Over The Last 12 Months – No More Blessings To Come?

  10-11-2022 16:00 via newsbtc.com
  The MANA cryptocurrency used in Decentraland has clearly seen better days. From its 2017 high of $5.85, MANA has dropped 80% in value in the last 12 months, as shown by the most recent available data.
  Presently, a share of MANA can be purchased for as little as $0.4773. Investor confidence has tanked in light of the current market situation, making a comeback for the crypto a little difficult.
  As a result, the question arises as to whether MANA has any chance of survival or whether it
  
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• Sam Bankman-Fried apologizes over FTX liquidity crisis: 'I fucked up twice'

  10-11-2022 15:41 via cointelegraph.com
  According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.
  
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• Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’

  10-11-2022 15:41 via cointelegraph.com
  According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.
  
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• Thousands of bogus Twitter accounts push NFT scams to steal cryptocurrency - CyberScoop

  10-11-2022 15:11 via news.google.com
  Thousands of bogus Twitter accounts push NFT scams to steal cryptocurrency  CyberScoop
  
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• Maintaining decentralization: Are custody services a threat to DeFi protocols?

  10-11-2022 15:08 via cointelegraph.com
  DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge.
  
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• 60% of Millennial Investors Own Cryptocurrency. Should You? - The Motley Fool

  10-11-2022 15:02 via news.google.com
  60% of Millennial Investors Own Cryptocurrency. Should You?  The Motley Fool
  
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• Binance shares wallet addresses and activity after proof of reserve pledge

  10-11-2022 14:42 via cointelegraph.com
  Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity.
  
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• Claims and rumors fuel crypto market turmoil amid FTX collapse

  10-11-2022 14:19 via cointelegraph.com
  A report from Reuters claimed that FTX used some of its customer deposits to support Alameda Research.
  
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• Amid FTX Rumors Tether’s USDT Peg Of $1 Wobbles – What’s Going On?

  10-11-2022 14:18 via newsbtc.com
  The crypto market is still seems to be in the grasps of FTX and Alameda. Currently, rumors are circulating that Tether’s stablecoin USDT might be more affected by the downfall of FTX than it would like to admit.
  Moreover, there currently seems to be an attack on USDT as a result of which Tether (USDT) briefly lost its usual peg to $1. The largest stablecoin by market cap was trading at $0.9915 temporarily, down 0.68%.
  Sam Bankman-Fried company Alameda, which borrowed $250,000 USDT from Aav
  
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• ETC Price And Social Dominance Figures Down In Last 7 Days – What’s Next?

  10-11-2022 14:16 via newsbtc.com
  Similarly to Bitcoin and other altcoins, ETC (Ethereum Classic) has been severely impacted by the FTX liquidity crisis.
  CoinGecko data show that the historical performance of the coin on the daily, weekly, biweekly, and monthly time frames is not promising for the ETH fork.
  The most noticeable depreciation among these was recorded for the bi-weekly time scale, at a rate of 16.7 percent. If other measures continue to lag, what does the future hold for ETC?ETC Stepping On Green
  The token has
  
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• Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

  10-11-2022 14:09 via cointelegraph.com
  Tether follows TRON's USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.
  
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