Category: Cryptocurrency News

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The leading exchange expands the team globally as Messi leads Argentina to the round of 16. World Cup 2022 in Qatar is one of the most expensive World Cups in history, with an estimated cost of $US 220 Billion invested, more than 15 times spent. According to Bloomberg, crypto and blockchain companies have invested over […]

The Bitcoin price has seen a minor rally after yesterday’s speech by US Federal Reserve chairman Jerome Powell. The price rose above $17,000, driven by the statement that smaller rate hikes are likely imminent and could begin in December. Ultimately, analysts see a 50 basis point hike in December almost a lock. The FED was merely trying not to make it look dovish, but it will come, was the tenor of the market. On Wall Street, the remarks were met with applause. The Dow Jones and the S&P500 saw a strong relief rally. This euphoria also spread to the crypto market in a muted form. Related Reading: Bitcoin Price Clears $17K, Why Dips Turn Attractive In Short-Term Bitcoin was trading at $17.119 at press time and now faces resistance at $17,197. If this can be overcome, a push into the $17,800 to $18,000 region would be possible, where massive resistance could lurk. US Institutional Demand For Bitcoin Is Coming Back As CrytoQuant CEO and founder Ki Young Ju noted, market sentiment among large investors in the United States is recovering. Ju comes to this conclusion as the hourly BTC price premium on Coinbase has turned positive for the second time since the FTX bank run. The Coinbase Premium Index has long been a reliable indicator of sentiment among institutional investors for the crypto community. It also includes institutional investors, of which Coinbase has the majority, according to its report for the third quarter of this year. The index is rising due to increased trading volume on the exchange, which indicates a return of confidence in Bitcoin from institutional investors. Related Reading: Binance Market Share Allegedly Hits 77%; Criticism Grows As Even Jack Dorsey Speaks Out As NewsBTC reported, there is still one major concern for the market at the moment: a possible bankruptcy of Genesis Trading and DCG. However, these rumors scattered in recent days. The companies are believed to have only a solvable liquidity problem, and not an insolvency issue. Bottom In Or More Pain? However, continued selling pressure from a second Bitcoin miner capitulation within the current cycle is looming and likely to cloud the positive outlook. As we have reported, miner capitulation is in full swing. According to CryptoQuant, about 4,000 BTC of selling pressure was added by miners this week. The company’s data shows that miner transfers to exchanges picked up as the price fell from about $20,000 to about $16,000. In addition, miners’ BTC reserves have fallen by 13,000 BTC since the end of August. They are now at roughly the same level as they were at the beginning of 2022. Capriole Investments’ Charles Edwards noted: We are seeing the 3rd highest Bitcoin miner selling of all time. The level of Bitcoin miner stress today is seconded only by 2 other occasions. The 2 other times? Bitcoin was just $290 and, get this… $2.10!

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On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a […]

Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.

Scam Bankrupt Fraud is rich, even now he still has a lot of money and his family has money too. So what, you’re asking? Well I’m not being cynical saying he’s rich and his friends higher up will help him avoid prison, I’m being pragmatic and saying that when you have a lot of money…
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Mazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company.

BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin.

While some of you might see the answer as obvious it's actually a pretty heated topic in the crypto space right now. Sam Bankman-Fried ( SBF ) had an interview hours ago at the Dealbook summit. ​ For those that missed his lies statements I'm gonna list them summarized here : – "I made a…
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