Cryptocurrency news

• House panel to hold hearing on cryptocurrency exchange FTX collapse - PBS NewsHour

  16-11-2022 23:44 via news.google.com
  House panel to hold hearing on cryptocurrency exchange FTX collapse  PBS NewsHour
  
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• Here's why cryptocurrency prices could plummet further in the FTX-crash induced bloodbath - FXStreet

  16-11-2022 23:29 via news.google.com
  Here's why cryptocurrency prices could plummet further in the FTX-crash induced bloodbath  FXStreet
  
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• Iranian-backed hackers compromise federal government network to mine cryptocurrency - Yahoo Finance

  16-11-2022 23:16 via news.google.com
  Iranian-backed hackers compromise federal government network to mine cryptocurrency  Yahoo Finance
  
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• Digital payment giant Mercado Pago enters cryptocurrency market in Mexico - Mexico News Daily

  16-11-2022 22:55 via news.google.com
  Digital payment giant Mercado Pago enters cryptocurrency market in Mexico  Mexico News Daily
  
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• Tether says it has no exposure to Genesis Global or Gemini Earn

  16-11-2022 22:45 via cointelegraph.com
  The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
  
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• Tom Brady and other celebrities named in class action lawsuit against FTX

  16-11-2022 22:30 via cointelegraph.com
  Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
  
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• Sam Bankman-Fried updates investors: 'We got overconfident and careless,' claims $13B leverage

  16-11-2022 22:00 via cointelegraph.com
  "I was on the cover of every magazine, and FTX was the darling of Silicon Valley," said the former CEO on the crypto firm's path to bankruptcy.
  
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• Nike unveils NFT platform: Nifty Newsletter, Nov. 9–15

  16-11-2022 21:30 via cointelegraph.com
  An image of the sandals worn by Steve Jobs was minted as a nonfungible token and sold for over $200,000.
  
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• Department of Labor slams lawsuit seeking to overturn cryptocurrency guidance - Pensions & Investments

  16-11-2022 21:28 via news.google.com
  Department of Labor slams lawsuit seeking to overturn cryptocurrency guidance  Pensions & Investments
  
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• DeFi platforms see profits amid FTX collapse and CEX exodus

  16-11-2022 21:23 via cointelegraph.com
  On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
  
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• Cardano Foundation Partners with Top European Cryptocurrency Exchange - U.Today

  16-11-2022 21:14 via news.google.com
  Cardano Foundation Partners with Top European Cryptocurrency Exchange  U.Today
  
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• Polygon Continues To Build Despite Market Turbulence; Here Are Levels To Watch

  16-11-2022 21:00 via newsbtc.com
   MATIC’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.
   MATIC’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. 
  MATIC’s price continues to hold $0.75 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA)The price of Polygon (MATIC) has be
  
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• This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims

  16-11-2022 20:56 via newsbtc.com
  The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. As a result, many firms have announced a potential financial crisis if their funds remain unrecovered.
  Several Users are in a panic due to their funds. However, the latest report revealed that Cherokee Acquisition, a distressed asset investment firm, has give
  
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• Blockstream CEO Adam Back talks Bitcoin over a game of Jenga

  16-11-2022 20:45 via cointelegraph.com
  Back was one of the few people cited in the original Bitcoin whitepaper.
  
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• Senate agriculture leaders call for greater cryptocurrency regulation - Drgnews

  16-11-2022 20:37 via news.google.com
  Senate agriculture leaders call for greater cryptocurrency regulation  Drgnews
  
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• Price analysis 11/16: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC

  16-11-2022 20:15 via cointelegraph.com
  The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
  
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• Bybit releases reserve wallet addresses amid calls for transparency

  16-11-2022 20:15 via cointelegraph.com
  The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.
  
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• The Blockchain Trilemma: Decentralization, Scalability, and Security

  16-11-2022 20:08 via coinjournal.net
  The blockchain trilemma is the challenge of achieving scalability, security, and decentralisation simultaneously on a blockchain network.
  What is the blockchain trilemma?
  The blockchain trilemma is a term used to describe the three main challenges that blockchain technology faces: decentralization, scalability, and security. While there are many potential solutions to these challenges, no single solution has been able to address all three challenges at once, even though the Mina protocol does th
  
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• XRP Whale Withdraws Massive $135M From Binance, Bullish Signal?

  16-11-2022 20:00 via newsbtc.com
  Data shows an XRP whale has made a massive withdrawal of $134 million from Binance, something that could prove to be bullish for the price of the crypto.
  Whale Transfers $135 Million In XRP Out Of Crypto Exchange Binance
  As per data from the crypto transaction tracker service Whale Alert, a huge XRP transfer was spotted earlier in the day.
  The transaction amounted to a total of 350,000,000 XRP, and was worth around $134.8 million at the time of the transfer. At the current exchange rate, this st
  
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• Cryptocurrency The Open Network Up More Than 6% In 24 hours - Benzinga

  16-11-2022 20:00 via news.google.com
  Cryptocurrency The Open Network Up More Than 6% In 24 hours  Benzinga
  
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• Cryptocurrency Chiliz's Price Increased More Than 7% Within 24 hours - Chiliz (CHZ/USD) - Benzinga

  16-11-2022 20:00 via news.google.com
  Cryptocurrency Chiliz's Price Increased More Than 7% Within 24 hours - Chiliz (CHZ/USD)  Benzinga
  
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• Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sued Over FTX Collapse

  16-11-2022 19:54 via newsbtc.com
  Per a report from the Washington Examiner, NFL Legend Tom Brady and others are facing a class action lawsuit from FTX investors. The football player is one of the many celebrity ambassadors who vouched for the crypto exchange platform. Earlier this week, FTX halted new request withdrawals from its users. Later, its former top executive Sam Bankman-Fried filed for bankruptcy protection in the United States. 
  In the meantime, millions of dollars in users’ funds are stuck at the ven
  
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• Crypto.com partners with COPA90 to launch ‘The Impossible Challenge’

  16-11-2022 19:53 via coinjournal.net
  The Impossible Challenge will see if it is possible for a fan to attend every single game at the upcoming FIFA World Cup.Cryptocurrency exchange Crypto.com has announced that it has  partnered with football media company COPA90 to launch The Impossible Challenge.’
  According to the crypto exchange, the move involves challenging one person to attend every single FIFA World Cup match in Qatar. This feat has never been achieved before in the previous tournaments, Crypto.com added. 
  T
  
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• Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds

  16-11-2022 19:30 via cointelegraph.com
  The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.
  
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• Russian Neo-Nazis Fund Ukraine Activity With Cryptocurrency - Middle East Media Research Institute

  16-11-2022 19:15 via news.google.com
  Russian Neo-Nazis Fund Ukraine Activity With Cryptocurrency  Middle East Media Research Institute
  
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• Ethereum price weakens near key support, but traders are afraid to open short positions

  16-11-2022 18:59 via cointelegraph.com
  ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
  
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• Uniswap is showing bullish signs, but how far can it go?

  16-11-2022 18:56 via coinjournal.net
  Uniswap (UNI/USD) trades with weekly gains of 8%. Only a handful of cryptocurrencies have posted gains in the past week. A drop below the key support of $5.6 after the FTX collapse was quickly followed by a sharp recovery. That helped bulls to recapture the key level, with UNI trading at $5.8 as of press time.
  The gains in Uniswap coincide with rising trading volumes post-FTX saga. On Monday, Ethereum transactions on the decentralised crypto exchange hit $1.21 billion. The volume represented an
  
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• Crypto skeptic Brad Sherman: federal financial regulators 'sound like Sam Bankman-Fried'

  16-11-2022 18:46 via cointelegraph.com
  The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.
  
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• Is Solana facing a catastrophic breakout from an inside-bar pattern?

  16-11-2022 18:42 via coinjournal.net
  It’s an indecision moment as Solana trades at an oversold level of $13. The cryptocurrency has formed multiple pin bars at the level, indicating indecision in the market. A potential breakout to the downside could see SOL claim a single-digit price.
  CoinMarketCap data shows that SOL has lost more than 25% in a week. The loss is among the highest among the cryptocurrencies in the top 100 bracket. Concerns that the Solana ecosystem has a huge exposure to the collapsed FTX and Alameda have be
  
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• Winz.io announces the launch of its cryptocurrency sportsbook

  16-11-2022 18:38 via coinjournal.net
  Leading crypto casino Winz.io has launched Winz.io Sports, its cryptocurrency sportsbook.Winz.io, a leading cryptocurrency casino, has announced the launch of Winz.io Sports, the crypto sportsbook providing access to over 22,000 monthly events across all major sports and esports. 
  According to the press release shared with Coinjournal, the team said the launch of Winz.io Sports Sports marks a significant milestone for the popular cryptocurrency casino. 
  The platform complements the exi
  
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• Five Cryptocurrency Scams to Watch Out for in 2022 - Bitrates

  16-11-2022 18:38 via news.google.com
  Five Cryptocurrency Scams to Watch Out for in 2022  Bitrates
  
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• Cal Athletics faces aftermath of cryptocurrency FTX collapse - KTVU FOX 2 San Francisco

  16-11-2022 18:33 via news.google.com
  Cal Athletics faces aftermath of cryptocurrency FTX collapse  KTVU FOX 2 San Francisco
  
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• SBF, Alameda executives to testify on FTX collapse

  16-11-2022 18:32 via coinjournal.net
  Sam Bankman-Fried and several other executives will be asked to testify at an upcoming House Financial Services Committee hearing on the collapse of the FTX cryptocurrency exchange. 
  The exchange’s implosion has contributed to its native FTX token dumping by more than 90% in the past two weeks.
  A CNBC report on Wednesday notes that House lawmakers want to see the FTX founder at Capitol Hill to give an account of what happened at the now bankrupt crypto exchange. 
  Alameda and Bina
  
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• Is it now the time to buy Shiba Inu?

  16-11-2022 18:30 via coinjournal.net
  As cryptocurrencies continue to whipsaw, Shiba Inu (SHIB/USD) has been in the trenches. With a drop of more than 6% in a week, the cryptocurrency now trades at $0.0000092. A dip-buyer could be interested in the price level. That considers that SHIB has been holding it since touching a low of $0.000008 for a week.
  The main concern for SHIB and other cryptocurrencies has been a confidence crisis brought about by the collapse of FTX. The sentiment is so far bearish as most tokens are currently trad
  
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• Bitcoin prediction as the token continues to stall. Is a lower price possible?

  16-11-2022 18:20 via coinjournal.net
  Bitcoin (BTC/USD) may have settled above $15,000, but the pressure is mounting. As of press time, the cryptocurrency was trading at $16,623, losing 1.32% on the day. BTC is also largely consolidating rather than making a directional move. A technical outlook shows a potential decline to the next low.
  Bitcoin’s price action comes when data shows that BTC holders are withdrawing their holdings from crypto exchanges. According to Glassnode, there is over $1.75 billion per month of mass exodus
  
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• Nouriel Roubini says the cryptocurrency ecosystem is 'totally corrupt' - Kitco NEWS

  16-11-2022 18:19 via news.google.com
  Nouriel Roubini says the cryptocurrency ecosystem is 'totally corrupt'  Kitco NEWS
  
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• Decentraland’s MANA may take longer to see a recovery. Here is the price outlook

  16-11-2022 18:14 via coinjournal.net
  Have you been looking to buy Decentraland’s (MANA/USD) this month? Unfortunately, a technical outlook shows the metaverse token is not ready yet. The token has claimed a new low in the year and looks increasingly bearish. At least, we expect a potential new low, and you would not want to chase the clouds for now. What is happening?
  A prolonged crypto winter has dealt a blow to the once-booming metaverse sector. Consequently, MANA has lost 92% of its value since November 2021. The toke
  
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• Trust Wallet Token – a cryptocurrency with 100% gains, but are higher prices possible?

  16-11-2022 18:03 via coinjournal.net
  Trust Wallet Token (TWT/USD) has been the darling of investors this week. The token’s value has gained by triple digits in the past week, even as others soured over the weak crypto sentiment. If you have been wondering, the same reason that caused the decline of cryptocurrencies boosted TWT.
  The collapse of the FTX crypto exchange sent panic waves across crypto markets. With accelerated selloffs, over $1 billion was wiped out from the market. That’s because the collapse of a “s
  
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• SHIB, XRP Show Strength As Crypto Market Begins Recovery

  16-11-2022 18:00 via newsbtc.com
  Shiba Inu (SHIB) and XRP have shown strength in the present recovery in the market. The crypto market decline had been triggered by the FTX collapse, and even now, the negative effects are still being felt all across the space. However, it has also been a time for digital assets in the space to show their resilience. Currently, in the middle of the week, there is already recovery going on and these two digital assets have shown the most promise.
  XRP Moves Into The Green
  Like the rest of the cryp
  
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• Should you buy Algorand ahead of the World Cup amid a sponsorship deal?

  16-11-2022 17:58 via coinjournal.net
  It is just 5 days to the start of the largest sporting event – the World Cup. Even as the world stares at their favourite football players, big corporations will try to attract their visibility. Algorand is one such organisation.
  In May, Algorand was selected to become the first blockchain partner for the FIFA World Cup. The platform will provide a blockchain-supported wallet for the event. There are plans to onboard Algorand to develop FIFA’s digital strategy. But as the World Cup k
  
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• Is Polkadot a good buy in November?

  16-11-2022 17:49 via coinjournal.net
  The Polkadot (DOT/USD) ecosystem is growing, and you could be wondering whether it is time to buy the token. In our previous CoinJournal report, we highlighted how Polkadot is growing in importance in allowing blockchain connections. With that in mind, the Polkadot token is worth exploring if you seek a cryptocurrency likely to return big. But is it at the moment?
  A November 14 Dot Insights data indicated that the total number of daily new accounts on Polkadot increased almost 10 times. The
  
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• Why ex-Goldman strategist thinks Ethereum already bottomed out. A technical outlook

  16-11-2022 17:43 via coinjournal.net
  An Ethereum (ETH/USD) bull run is around the corner, according to former Goldman Sachs strategist Raoul Pal. According to Pal, Ethereum likely bottomed out in June. He says that once liquidity gets in the market, the price will pump, with the analyst expecting ETH to outperform BTC.
  When quizzed about the recent collapse of the crypto exchange FTX, the ex-Goldman guru says such times precede big price moves. He believes “the lows of despair are pervasive, as everyone loses their minds.&rdq
  
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• Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

  16-11-2022 17:34 via cointelegraph.com
  The latest casualty of the FTX meltdown raises concerns over institutional investment fund, the Grayscale Bitcoin Trust (GBTC).
  
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• Why Ethereum Top Whales Are Accumulating ETH In ‘Abnormal’ Way

  16-11-2022 17:30 via newsbtc.com
  Following FTX’s demise, Ethereum and the whole cryptocurrency industry in general experienced one of its most challenging periods. Because of this, the value of ETH, a significant alternative currency, has plummeted by over 36% in the last week.
  Bearish emotion may be pervading over the cryptocurrency market, but the second most popular cryptocurrency is now trading almost sideways. But @sanr king, a contributor to Santiment’s insights, has been thinking about this pricing stabi
  
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• Cryptocurrency sector vulnerabilities. - The CyberWire

  16-11-2022 17:30 via news.google.com
  Cryptocurrency sector vulnerabilities.  The CyberWire
  
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• FTX collapse was a 'dumpster fire', says US lawmaker announcing investigative hearing

  16-11-2022 17:00 via cointelegraph.com
  "There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.
  
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• Bitcoin 7-Day Volatility Comes Alive As FTX Collapse Shakes Market

  16-11-2022 17:00 via newsbtc.com
  Data shows the Bitcoin 7-day volatility has come alive during the last week as the collapse of crypto exchange FTX has shaken up the market.
  Bitcoin 7-Day Volatility Has Spiked To Values Above 7%
  According to the latest weekly report from Arcane Research, the current 7-day volatility levels are the second highest seen in this year.
  The “volatility” is an indicator that keeps track of the average daily returns in the price of Bitcoin over a specific period of time.
  While this timespan
  
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• Binance Coin Shows Weakness As Price Sits On Key Support; Is $200 Possible?

  16-11-2022 17:00 via newsbtc.com
   BNB’s price fails to hold amidst market turmoil as the price falls back to its key support zone with a range-bound movement.
   BNB’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. 
  BNB’s price continues to hold $270 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA)The price of Binance Coin (BNB) has been a
  
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• 27,000 requests last year: Collaboration key for Binance’s Investigations team

  16-11-2022 16:03 via cointelegraph.com
  Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.
  
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• Shiba Inu (SHIB) Ranks No. 1 In Top 5,000 ETH Whales’ Crypto Holdings

  16-11-2022 15:48 via newsbtc.com
  Shiba Inu (SHIB), the dog-themed crypto that once dreamed of flipping Dogecoin, is not in solid footing these days as it continues to fail in finding the right rhythm to bounce back and push its price to higher levels.
  According to latest data from Coingecko, at the time of this writing, the meme altcoin is trading at $0.00000931. Although it managed to climb by 1.5% over the last 24 hours, the asset is still down by 8.5% during the past seven days and by 27.7% over the last two weeks.Shiba Inu
  
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