The former lawyer of bankrupt FTX, Daniel Friedberg, has agreed to disclose details of the company to US prosecutors as they investigate the collapse of FTX. This comes after the Manhattan US Attorney’s Office announced plans to form the FTX Task Force on January 3. This task force will focus on investigating and seeking recovery...Read More
The FTX contagion continues to spread as the aftermath appears to have not settled. After the fallout of the famous exchange FTX, many platforms which had heavily invested in the firm have been facing dreadful days. Soon after the top trading firm, Genesis which shares a huge trading volume halted customer withdrawals, it was considered...Read More
The International Monetary Fund (IMF) is an international organization with 190 member countries. They cooperate in an effort to stabilize the world economy. By tracking economic and financial events, the IMF monitors and supports the economy. It keeps track of how countries are functioning and possible threats, such as trade conflicts or uncertainties. Offering its...Read More
The price of Bitcoin dropped significantly in 2022 before the abrupt collapse of FTX last month. This was due to rising interest rates, increased association with overvalued tech stocks, and instability in other parts of the cryptocurrency ecosystem. Currently, the price of Bitcoin is around $16,604, with a market capitalization of $319,554,631,816.13. This year, Bitcoin...Read More
Bitcoin mining, like the rest of the cryptocurrency industry this year, has taken a serious hit. As we approach 2023, with the hope that the market will flip and crypto prices will recover, industry analysts predict that Bitcoin miners will continue to face hardships. More and more enterprises will need to be vertically integrated by...Read More
The pseudonymous cryptocurrency expert, Capo of Crypto, who predicted the fall of Bitcoin (BTC) earlier this year is now delivering a warning to investors about an oncoming collapse of alternative cryptocurrencies. According to him, the situation for alternative cryptocurrencies is far more dire than it seems to be for the financial markets. He went on...Read More
In an interesting development, the wallets associated with a leading trading-now bankrupt firm Alameda Research, the FTX’s sister concern. The platform was seen transferring out funds which raised curiosity among the community. Moreover, the manner in which the funds were transferred was the main spotlight that grabbed huge attention. The wallet connected to Alameda Research...Read More
Bitcoin price is constantly trying to jump beyond the crucial renaissance very close to $17,000 but facing major turbulence in slicing through $16,900. Meanwhile, the altcoins are also facing much heat as the bearish cartel has strengthened its roots at the moment. Besides the speculations of the bear market reaching the climax are hovering within...Read More
Binance exchange recently faced rumors regarding insolvency due to which hefty amounts of funds were withdrawn from the platform. This impacted the BNB price as well which dropped heavily by nearly 24%. This drop ignited ripple effects within the crypto space as most of the cryptos including the Bitcoin price dropped heavily marking a double-digit...Read More
Peter Brandt, a seasoned trader, and analyst tweeted holiday greetings to his 690,400 followers on Thursday. It was, however, in the form of a coded message relating to Bitcoin. Brandt posted a Bitcoin price graph that included a holiday tree and a Merry Christmas message. As you can see, the base of the tree is...Read More
Terra Classic (LUNC) Terra Classic is approaching the end of the yearly trade, marking the lowest levels ever since it was rebranded and separated from Terra. The price is closer to adding up another zero in its value after facing rejection from interim highs around $0.00014106, in the past few days. The LUNC price is...Read More
The crypto markets remain close range as the bears appear to have held the top cryptos under their respective resistance. However, being a little different from the other market trends, the XRP price is displaying notable bullish momentum, which is much needed to maintain a significant upswing until the end of the 2022 trading period. ...Read More
As Binance makes itself at the top of the headline in the crypto market by raising concerns regarding its proof-of-reserves audit, the crypto giant now attracts fresh attention after signing a deal with a popular crypto firm to acquire its assets. Recently, Voyager Digital Ltd grabbed the best deal from the crypto exchange giant Binance...Read More
Ethereum has been showing significant strength in recent days, causing the price to trade within a decisive pennant pattern. This pattern indicates the possibility of the price rising above $1300 or falling below $1100. Despite a drop in volume, the volatility remains high, suggesting a potential slight price increase in the short term, followed by...Read More
The crypto space is used to undertake notable swings during the weekend and as expected, most of the cryptos dragged a massive leg down. Bitcoin price sliced through the lower support and marked new lows for the month at around $16,500 which dragged the entire crypto space down. As a result, the Binance Coin which...Read More
How likely is a catastrophe on Binance on par with FTX, if at all, or is this all just a lot of fuss? The cryptocurrency exchange Binance has faced criticism and “FUD” (fear, uncertainty, and doubt) from some quarters, with some questioning the company’s viability. However, Binance has responded by highlighting its recent withdrawals and...Read More
As people wait for the judgment in the lawsuit between Ripple and the SEC, the topic of conversation right now is all about the case. It has been much too much time. To be exact, two years had passed. And I think I speak for everyone when I say that we all can’t wait until...Read More
This year, the Fed has been relentless in hiking the interest rates in response to rising inflation. Since interest rates are the principal weapon used by the Federal Reserve (the central bank of the United States), to regulate inflation, they tend to fluctuate in tandem with one another. Recent rises in interest rates by the...Read More
Ethereum’s price has plateaued for a week with reduced volatility and volume. Ever since the Merger, the ETH price has been trading within a descending trend, forming constant lower highs and lows. The Merge has however failed to induce the required momentum due to which the XRP price remained largely bearish. However, in the meantime,...Read More
Cryptocurrency investors have had a rough 2022, what with Bitcoin’s terrible price drop and Luna’s tragic end. The recent crash of FTX, a prominent exchange for trading digital currencies, has unfortunately halted the cryptocurrency market’s rebound during the past six months. However, why did FTX collapse? A few issues surfaced, but nothing was made clear....Read More
Ripple vs SEC is one of the most talked stories within the crypto space which appear to be approaching its destiny. Hence the investor’s interest is also swelling as they are constantly accumulating a huge number of tokens in recent times. This indicates that the majority of investors continue to believe in the potential of...Read More
The feud between Binance CEO CZ and Sam Bankman-Fried continued after CZ accused SBF of attempting to depeg USDT through Alameda. CZ also released a long thread on Twitter referencing Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” SBF has now taken to Twitter and has told CZ to stop lying...Read More
XRP price had maintained a notable upswing since the beginning of the current trading month. However, the mounting bearish pressure over the asset dragged the price lower and also compelled it to drop below the bullish pattern. Besides, the Ripple vs SEC case is also appearing to find closure at the earliest, but the impact...Read More
In a recent update, Ripple has filed its redacted reply to the SEC’s opposition in court to the motion for summary judgment. The SEC continues to believe that XRP is a security and has tried to extend the case many times. But with the recent development, the closure of the case appears to be on...Read More
Bitcoin price after being rejected at $17,000 at the beginning of the month has been attempting very hard to reclaim the levels at the earliest. Meanwhile, some analysts believe that, presently, there is no room for BTC to form the bottom. Therefore, the possibility of a rebound may be predetermined as the crypto space appears...Read More
Bitcoin is displaying some stability, as the prices have remained within a sustainable range of around $17,000. As the trend remains largely incremental, the token is believed to maintain a steep upswing to regain levels above $20,000 very soon. Popular crypto trader Jason Pizzino believes that star crypto may continue testing the upper resistance from...Read More
Bitcoin price has endured a choppy 2022, with market strategists struggling to point out the bottom. Furthermore, Bitcoin’s price has continued to trend downward since May’s capitulation, fueled by the Terra Luna implosion. With the FTX and Alameda collapse, Bitcoin price may continue downward before forming a bottom According to our latest crypto price oracles,...Read More
The Bitcoin (BTC) price raised beyond $16,800 and is unable to clear $17,000 despite notable buying pressure had mounted up. Meanwhile, some of the altcoins which are presently trading within the consolidated range are expected to gear up any moment from now. Polkadot (DOT) Source: Tradingview The DOT price is trading within a falling wedge...Read More
According to Yonhap, a South Korean newswire service, authorities are seeking an arrest warrant for Daniel Shin. According to news reports, the co-founder of Terraform Labs is charged with stealing profits and violating the Electronic Financial Transaction Act. Terra Co-founders to Face Jail Time? The co-founder of Terraform Labs is being charged for accumulating illicit...Read More
The crypto space has been pretty uncertain for quite a long time, with constant price variations led by multiple external factors. While the BTC price has been maintaining a minor upswing, the other altcoins are also gearing up to reach immediate resistance. A well-known analyst, anonymously called Altcoin Sherpa, predicts the upcoming price actions of...Read More
