Cryptocurrency news

• Cryptocurrency News And Price Weekly Wrap-Up For Dec. 2, 2022 - Investor's Business Daily

  02-12-2022 23:23 via news.google.com
  Cryptocurrency News And Price Weekly Wrap-Up For Dec. 2, 2022  Investor's Business Daily
  
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• 10 Best Cryptocurrency Stocks to Buy According to Hedge Funds - Yahoo Finance

  02-12-2022 23:17 via news.google.com
  10 Best Cryptocurrency Stocks to Buy According to Hedge Funds  Yahoo Finance
  
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• NFT Steez and Victor Solomon chat about building in Web3 and the Metaverse

  02-12-2022 22:45 via cointelegraph.com
  This week NFT Steez spoke to award winning artist Victor Solomon about basketball, the Metaverse, Web3 and his unique NFT collection.
  
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• After cryptocurrency meltdown, scant sign of change for FTX executive Ryan Salame's Lenox restaurants - Berkshire Eagle

  02-12-2022 22:45 via news.google.com
  After cryptocurrency meltdown, scant sign of change for FTX executive Ryan Salame's Lenox restaurants  Berkshire Eagle
  
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• Vt. officials highlight cryptocurrency investment risks - WCAX

  02-12-2022 22:30 via news.google.com
  Vt. officials highlight cryptocurrency investment risks  WCAX
  
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• South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates

  02-12-2022 22:30 via cointelegraph.com
  Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.
  
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• DeFi ecosystem still haunted by FTX contagion: Finance Redefined

  02-12-2022 22:15 via cointelegraph.com
  Top-100 DeFi tokens saw a bullish wave with the start of the new month, but many DEX platforms are still haunted by FTX contagion.
  
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• Never mind FTX — Fine arts institutions should still onboard to blockchain

  02-12-2022 22:13 via cointelegraph.com
  The strategic adoption of blockchain technology still makes sense, regardless of the distraction FTX created for cryptocurrency.
  
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• Opera Crypto Browser to enable instant NFT minting through launchpad

  02-12-2022 22:00 via cointelegraph.com
  Opera executive Susie Batt said that the tool will not have any platform usage fees and will allow people to freely explore the NFT industry.
  
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• Bitcoin Bearish Signal: MPI Records Highest Value Since April 2022

  02-12-2022 22:00 via newsbtc.com
  On-chain data shows the Bitcoin MPI has surged to its highest value since the April of this year, a sign that may prove to be bearish for the crypto’s price.
  Bitcoin Miners’ Position Index Has Spiked Up During Past Day
  As pointed out by an analyst in a CryptoQuant post, this instance is the fifth time that the metric has sent a warning signal.
  The “Miners’ Position Index” (or the MPI in short) is an indicator that measures the ratio between the miner outflows in USD
  
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• DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance

  02-12-2022 21:45 via cointelegraph.com
  The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support.
  
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• XRP eyes a breakout as lawyer makes a prediction on Ripple case with SEC

  02-12-2022 21:34 via coinjournal.net
  Crypto lawyer expects a sweeping ruling in Ripple case with SEC
  XRP has met resistance at $0.40
  The cryptocurrency is bullish but needs a breakout for further gains
  Ripple (XRP/USD) has been trading on short-term bullish momentum but within a tight range. That has seen the cryptocurrency hit resistance at $0.40, a level it has held for a few days. From there, it’s just one more bullish trigger, and XRP will break out. There are developments worth noting that could cause such price action.
  
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• Jasmy token attempts breakout at 50-day MA. Should you buy it now?

  02-12-2022 21:20 via coinjournal.net
  JasmyCoin has recovered by double digits in a week
  The token has hit a descending trendline 
  JASMY could correct in line with the longer-term bearish momentum
  JasmyCoin (JASMY/USD) saw rising trading volumes on Friday amid a mixed cryptocurrencies trading. The token, ranked lowly at #543 on CoinMarketCap, has witnessed a 13% surge in the past week. The weekly gains now take bulls to an important level that would determine if investors will see further gains.
  JASMY is the native token o
  
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• Dems and Reps join forces to pressure SBF to testify before Congress

  02-12-2022 21:15 via cointelegraph.com
  “Your willingness to talk to the public will help the company's customers, investors, and others," said House Financial Services Committee chair Maxine Waters, addressing SBF.
  
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• Ankr says no one should trade aBNBc, only LPs 'caught off guard' will be compensated

  02-12-2022 21:06 via cointelegraph.com
  The company stated it would be discontinuing aBNBc and aBNBb tokens "effective immediately," and that "new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users."
  
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• Cardano predicted a further 60% decline. Does the price action show this?

  02-12-2022 21:05 via coinjournal.net
  Crypto analyst Benjamin Cowen expects ADA to fall another 60%
  The cryptocurrency has been on a downtrend since August amid growing on-chain activity
  ADA could claim lower levels  
  If you have been thinking of buying Cardano (ADA/USD), it could still be too early. According to popular crypto analyst Benjamin Cowen, ADA prices could fall by another 60%. The token traded at $0.31 at press time, meaning that Cardano could touch $0.12 per the prediction. Why does Cowen think so?
  In a messag
  
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• U.S. Economic Data Foils Bitcoin Bulls’ Rally Attempt To Retake $17,000

  02-12-2022 21:00 via newsbtc.com
  Bitcoin is retracing and might be at the end of the short-term bullish momentum; the macroeconomic data might have shifted once again against it. The cryptocurrency saw profits after weeks of trending to the downside, but the rally is losing steam. The number one crypto by market cap is moving sideways after the collapse of FTX pushed it below critical support. As of this writing, Bitcoin trades at $16,900. The BTC price has yet to reclaim that level at around $17,500. 
  BTC’s pri
  
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• Polygon’s MATIC becomes bullish. When to buy the token?

  02-12-2022 20:58 via coinjournal.net
  Polygon has onboarded Indian retailer Flipkart for Web3 expansion
  The native token has hit a resistance
  A breakout is on the horizon if buyers continue to push the price higher
  Polygon (MATIC/USD) bulls have successfully defended $0.77 against the bear insurgence. The token initiated a recovery at the crucial support zone and traded at $0.91 as of press time. MATIC must overcome a minor resistance of $0.96 to see further gains.
  Once again, MATIC price is showing resilience amid growing adoption.
  
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• Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

  02-12-2022 20:56 via cointelegraph.com
  Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain.
  
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• The Ultimate List Of The Best Cryptocurrency Websites - ValueWalk

  02-12-2022 20:54 via news.google.com
  The Ultimate List Of The Best Cryptocurrency Websites  ValueWalk
  
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• 3AC bankruptcy process faces challenges amid unknown whereabouts of founders

  02-12-2022 20:30 via cointelegraph.com
  The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.
  
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• Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't - ABC News

  02-12-2022 20:17 via news.google.com
  Sam Bankman-Fried's FTX empire was meant to revolutionise cryptocurrency and save the world. It didn't  ABC News
  
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• Crypto Community weighs in on SBF’s ‘apology tour’

  02-12-2022 19:32 via cointelegraph.com
  The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews.
  
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• Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy

  02-12-2022 18:44 via cointelegraph.com
  In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm's founders "repeatedly fail to engage" with liquidators, but weren't shy about talking to the media.
  
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• Paul Krugman: Cryptocurrency Era May Be Coming to an End - BeInCrypto

  02-12-2022 18:20 via news.google.com
  Paul Krugman: Cryptocurrency Era May Be Coming to an End  BeInCrypto
  
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• Cryptocurrency has a problem with 'bad actors' and insufficient oversight — but the future could be brighter, analysts say - Proactive Investors USA

  02-12-2022 18:12 via news.google.com
  Cryptocurrency has a problem with 'bad actors' and insufficient oversight — but the future could be brighter, analysts say  Proactive Investors USA
  
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• DAM Finance rolls out the d20 Moonwalkers v1 testnet

  02-12-2022 17:44 via coinjournal.net
  Key takeaways
  DAM Finance has unveiled its Moonwalkers v1 testnet.
  The testnet lays the foundation for DAM’s novel solutions.
  DAM Finance will launch its solutions on the mainnet following the conclusion of the testnet.
  DAM Finance’s Omnichain stablecoin solution is now on testnet
  DAM Finance, better known as DAM, announced on Friday, December 2nd, that it had taken an important step towards bringing a decentralised omnichain stablecoin solution to the decentralised finance (DeFi) ec
  
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• Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist

  02-12-2022 17:35 via cointelegraph.com
  Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is.
  
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• How Hackers Are Stealing Billions In Cryptocurrency - OODA Loop

  02-12-2022 17:25 via news.google.com
  How Hackers Are Stealing Billions In Cryptocurrency  OODA Loop
  
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• How NFT court summons could change the legal landscape

  02-12-2022 16:37 via cointelegraph.com
  Blockchain technology is making its way into the court system, with digital summons being served with NFTs.
  
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• Revising Ethereum Classic after Coinbase plans to end support for the cryptocurrency

  02-12-2022 16:21 via coinjournal.net
  Coinbase has earmarked Ethereum Classic as among the tokens to remove from its wallet
  ETC has been on a clear downtrend since August
  The cryptocurrency could proceed to $13 if bulls do not arrest the decline
  US crypto exchange Coinbase will end support for Ethereum Classic (ETC/USD) in January next year. The targeted assets also include XRP, XLM, and BCH. Coinbase cites low usage on its self-custody digital asset for the digital assets.
  In its decision to remove the digital assets, Coinbase says
  
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• Coin price predictions: Band Protocol, Litecoin, Bitgert

  02-12-2022 16:10 via coinjournal.net
  Cryptocurrency prices crawled back as investors bought the dip.
  Band Protocol rose sharply as DeFi volume bounced back.
  Litecoin rallied as its hash rate and mining difficulty rose.
  Cryptocurrency prices staged a slow recovery this week as investors bought the dip following the relatively encouraging statement by Jerome Powell. Bitcoin crossed the important psychological level of $17,000 for the first time in weeks. Similarly, Ethereum, XRP, and SOL rose by over 5%. Here are the top crypto price
  
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• Bitcoin bulls lie in wait as US dollar strength hits 5-month lows

  02-12-2022 16:02 via cointelegraph.com
  BTC price performance gains some positive tailwinds, but Bitcoin faces a potential top for U.S. stocks.
  
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• Top tokens at or under $1 you can stake and earn rewards in a bear market

  02-12-2022 16:01 via coinjournal.net
  With a prolonged bear market, cryptocurrency bulls may face difficulties in generating sustainable profits. But have you ever thought about staking? Staking is when you lock up your digital assets on exchanges to earn interest or reward. Even when the price is low, you can make money through staking. More so, at the low valuations of most tokens, you can get more at a lower price. Here are cryptocurrencies trading at or below $1 you can stake.
  Cardano
  Cardano (ADA/USD) is one of the best to
  
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• SEC sues Kent Swig’s cryptocurrency partner - The Real Deal

  02-12-2022 16:00 via news.google.com
  SEC sues Kent Swig’s cryptocurrency partner  The Real Deal
  
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• How smart contracts can improve efficiency in healthcare

  02-12-2022 15:35 via cointelegraph.com
  From insurance to telehealth, smart contracts are finding use cases across the healthcare industry.
  
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• This week in crypto: SBF explained FTX’s collapse in an interview

  02-12-2022 15:33 via coinjournal.net
  Key takeaways
  Sam Bankman-Fried granted an interview to explain the circumstances behind FTX’s collapse.
  Nexo and Gemini gain regulatory approval in Italy.
  NFTs are now live on the Uniswap network.
  SBF takes responsibility for FTX’s collapse
  The former CEO of FTX explained in an interview earlier this week that he is responsible for the collapse of the cryptocurrency exchange. According to SBF, a lot of people were hurt by the exchange’s collapse, and that is on him. He sa
  
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• Animoca creates billion-dollar metaverse fund for developers

  02-12-2022 14:51 via cointelegraph.com
  The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus.
  
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• Terra Classic Surges By 17%; Korean Prosecutors Seek Arrest of Co-Founder

  02-12-2022 14:44 via newsbtc.com
  With the implosion of the LUNA coin, the Terra ecosystem was devastatingly hit within a few days in May 2022. The successor, Luna Classic (LUNC), currently once again surged in price.
  LUNC briefly rose to $0.00019439, registering a 20% price increase. At press time, the LUNC price showed a correction. However, LUNC was still at $0.00018 and showed a price increase of 11% over the last 24 hours.
  LUNC price, 4-hour chart. Source: TradingView
  The background for the sudden pump was the fact that Bin
  
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• Decentraland Price Prediction: Is Metacade a Better P2E Opportunity?

  02-12-2022 14:06 via coinjournal.net
  The cryptocurrency bear market has been damaging to projects like Decentraland and its MANA token. At its peak, the project was trading at a $10 billion valuation, but now that’s slumped down to around $1.1 billion. The project may recover with the metaverse once again gaining more traction, but investors should also be considering the potential that Metacade (MCADE) has been showing.  
  Metacade is the latest metaverse gaming project that is setting out to build a community-led arcade
  
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• Cryptocurrency exchange lays off 1000+ workers as 'crypto winter' sets in - TweakTown

  02-12-2022 14:02 via news.google.com
  Cryptocurrency exchange lays off 1000+ workers as 'crypto winter' sets in  TweakTown
  
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• Trader allegedly saw over 5000x gains after Ankr protocol hack

  02-12-2022 13:57 via cointelegraph.com
  Ankr protocol announced that it will be reissuing aBNBc tokens, promising that it will assess the situation and compensate affected users.
  
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• ApeCoin risks 30% crash after APE staking debut in December

  02-12-2022 13:55 via cointelegraph.com
  ApeCoin price has rallied 50% in the last three weeks but a sell-the-news event risks wiping out those gains.
  
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• Thai VC fund acquires troubled exchange Zipmex for $100M: Report

  02-12-2022 13:37 via cointelegraph.com
  Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023.
  
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• What is next for crypto? Proof of reserves is not helping this mess

  02-12-2022 13:26 via coinjournal.net
  Key TakeawaysTrust in exchanges is rightfully gone, with customers pulling thousands of bitcoins out over the last month
  Proof of reserves does nothing in its current format to broker trust
  Regulators need to step in as the industry has lost run of itself
  November. Not good in the crypto markets.
  But as we turn the page to December, how is the future looking?
  Exchange trust at all-time low
  First things first. The collapse of FTX showed the world quite how opaque these centralised companies are.
  
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• Sam was delusional about what happened, says Mike Novogratz

  02-12-2022 12:59 via coinjournal.net
  Galaxy Digital’s CEO has claimed that SBF was delusional about what happened.
  SBF needs to spend time in jail for the crimes he has committed.
  Mike Novogratz claims that SBF wasn’t alone in pulling off these crimes.
  SBF is responsible for what happened
  Mike Novogratz, the CEO of Galaxy Digital, told CNBC in an interview a few hours ago that Sam Bankman-Fried is delusional about what happened. He added that SBF needs to be held responsible for what happened with FTX.
  "It was delusiona
  
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• A lot of people are hurt, and that’s on me, says Sam Bankman-Fried

  02-12-2022 12:39 via coinjournal.net
  Former FTX CEO Sam Bankman-Fried (SBF) said he wished he was on top of things.
  SBF added that many people are hurt, and he is responsible for that.
  SBF also blamed the market conditions for how things turned out.
  SBF admits he failed in various aspects
  Sam Bankman-Fried, the former CEO of the now-bankrupt FTX crypto exchange, told ABC News in a recent interview that he failed in various aspects. He admitted that a lot of people are hurt, and that is on him.
  He stated that he is ultimately respon
  
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• Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price

  02-12-2022 12:27 via cointelegraph.com
  Bitcoin miners are upping sales, but BTC price metrics hint that a relief rally could be next.
  
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• Will Bitcoin (BTC) See A Christmas Rally? Here’s What To Watch

  02-12-2022 12:01 via newsbtc.com
  After the recent speech by US Federal Reserve chairman Jerome Powell, there was a price firework on the stock market, from which Bitcoin also benefited. As a result, the BTC price has climbed to over $17,000.
  At press time, Bitcoin was trading at $16,982. However, the joy could not last long. The price is currently just bobbing along at the level reached. In the meantime, there are even signs of a slight downward trend again.
  In the 1-hour chart, investors should keep an eye on four levels. A fa
  
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• Chainlink May Rise 25% This Week As Bulls Work To Reclaim Its Pre-Crash Value

  02-12-2022 11:57 via newsbtc.com
  The use of the native token of Chainlink is seeing a decent rise. Today alone, the price of LINK has increased by 2.0% in the last 24 hours, as measured by statistics from CoinGecko. Though not a big deal in terms of massive increases, it pumps up the bulls.
  In the weekly and bi-weekly timescale, the token shot up to 11.6% and 22.4% respectively. Meanwhile, let’s take a quick look at how the token has been performing:The Proof-of-Reserve mechanism used by Chainlink is open and trustworthy,
  
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