Category: Cryptocurrency News

Hi everyone 👋🏻 For us to build towards a future of crypto where exchanges are resilient and transparent, I think it will be interesting for all of you visionaries, experts and creatives to share your ideas on how exchanges could move towards an era of transparency into solvency. With that said, what information is most…
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Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.” New FTX CEO Outlines Priorities Cryptocurrency exchange FTX and approximately 101 affiliated companies […]

Going throughwh the privacy policy; Owned by GME Entertainment, LLC GSW is a self-custodial Ethereum wallet that enables users to; self custody digital assets connect to dApps view addresses and info that are part of blockchian netoworks and broadcast transactions access 3rd party services, which include services by 3rd pary Wyre, Ramp, MoonPay, for purchasing…
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Ethereum has been seeing some significant downside coming out of the weekend. This was triggered by the FTX hacker, who currently holds hundreds of thousands of ETH, dumping some of those coins for Bitcoin over the weekend. After dumping around 10,000 ETH, the digital asset had dumped more than 7%, as a large number of investors continue tracking the wallet. More Pain To Come For ETH Looking at the impact of the FTX hacker selling ETH for BTC had on the market, and seeing the balances of the address, it is no secret that Ethereum is not completely out of the woods yet. There are a lot of eyes on the hacker’s wallet, which contains more than 180,000 ETH, coming out to over $200 million. Related Reading: Tim Draper Stands By $250,000 Bitcoin Prediction, Here’s Why Even now, the hacker continues to dump more ETH, putting more sell pressure on the cryptocurrency. On Monday, the hacker dumped another 15,000 ETH which was converted to BTC according to on-chain data. Given the pattern of selling, it looks like the hacker is trying to convert the stolen crypto to BTC, likely running it through a mixer later on. Continuous selling on the part of the hacker who is now one of the largest ETH whales could cause further damage to Ethereum’s price. Over the last 24 hours, ETH’s price is already down more than 7%, making triple-digit price ranges an increasing possibility for ETH. ETH falls to $1,100 | Source: ETHUSD on TradingView.com Can Ethereum Hold Up? Ethereum bulls continue to fight the selling pressure being created by the FTX hacker dumping coins but there is only so much they can do. During a crypto winter such as the one currently being experienced, prices of cryptocurrencies are already down, making them more susceptible to further declines. Related Reading: Is Binance CEO Changpeng Zhao To Blame For FTX Collapse? If the FTX hacker were to dump all 180,000 remaining tokens on the market, then there is not enough demand to soak it up at this time. The support at $1,000 is already weakened and would make for easy pickings for bears as well. Alternatively, the hacker could stop selling coins to wait for a price recovery which would give the market some time to actually find its footing. But sentiment in the space is already dropping and investors have retreated into their shells once more as the Fear & Greed Index points toward extreme fear. Featured image from MARCA, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

submitted by /u/Jin-Sakti [link] [comments]

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.

 MATIC’s price lost its demand zone as the price struggled to hold above $0.7.   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 looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the daily 50 Exponential Moving Average (EMA) remaining bleak. The price action displayed by Polygon (MATIC) has continued to look disheartening, with the FTX effect affecting small crypto projects like Genesis as the market continues to look weak on each passing day signifying the bottom is not yet in leading to the price of many altcoins, including Polygon (MATIC), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move after previous weeks saw the price of MATIC perform well. Most altcoins have lost their key support and have traded with over 90% loss, with many hoping for a crypto revival. (Data from Binance) Related Reading: XRP Holds Gains While Crypto Market Plummets Badly Polygon (MATIC) Price Analysis On The Weekly Chart The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline. The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases, as there is no assurance if they would be heading up any time soon. FTX and now Genesis news has hugely impacted the price of MATIC, sending the price into a spiral movement to a region of $0.8 as the price struggles to stay at $0.7.  After the price of MATIC closed below the weekly high of $1, there are high chances of the market going lower, with the prices of MATIC looking more bearish with the weekly open. Weekly resistance for the price of MATIC – $1. Weekly support for the price of MATIC – $0.7. Price Analysis Of MATIC On The Daily (1D) Chart The price of MATIC remains considerably weak in the daily timeframe as the price trades below the $1 resistance after bouncing off from the region of $0.8 on several instances. Rumor building of a likely bankruptcy of Genesis could affect the price of MATIC and other smaller assets, with the price facing a possibility of losing the region of $0.7.  If the price of MATIC breaks below $0.7, we could see more sell-off as this has been an area of interest to hold off bears.  Daily resistance for the MATIC price – $0.9-$1. Daily support for the MATIC price – $0.7-$0.6. Related Reading: FTX Hacker Mobilizes Ethereum Again, Lock And Loaded For The Dump? Featured Image From zipmex, Charts From Tradingview 

Is there anywhere I can stake these two as an LP? Potentially earn a little extra rewards over just the % you get from holding. I've split my Eth 40/40/10 in STeth, rETH and plain Eth, but what is the difference in the two staked assets? And which actually gives better rewards? (Or is better…
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