Category: Cryptocurrency News

A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.

PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by the FTX collapse. The market witnessed the collapse of FTX within a week, and worse still, the […]

Hi team, In the wake of the FTX debacle I felt quite a bit of fear and skepticism around centralized exchanges. Based on that, I no longer wanted to keep my Staked ETH (ETH2) on Coinbase. In order to move it off the exchange I wrapped my staked ETH2 into the new coin created by…
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Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an analyst in a CryptoQuant post, BTC has gone down in the past week while stocks have made some gains. A “correlation” between two assets (or markets) exists when both their prices follow the same general trend over a period of time. For Bitcoin, there has been a strong correlation with the US stock market during the last couple of years or so. The reason behind the markets becoming so tied is the rise of institutional investors in the crypto. Related Reading: Smooth Love Potion Price Predicted to Near Zero by 2023 – New Gaming Crypto Coins Better Investment Such investors view BTC as a risk asset and pull out of the coin as soon as there is macro uncertainty looming over the market (hence driving the crypto’s price down along with the stocks). Here is a chart that shows the prices of Bitcoin, S&P 500, and NASDAQ over the last few years: Looks like the assets have followed similar trends in recent times | Source: CryptoQuant As you can see in the above graph, Bitcoin wasn’t correlated with the stock market in 2019 and early 2020, but it all changed when COVID struck. After the black swan crash that occurred in March 2020, the price of BTC started following S&P 500 and NASDAQ. Though, while BTC showed a same general long-term trend, the crypto continued to be much more highly volatile than the stocks. Related Reading: Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K The correlation has continued through the bear market, but the last week or so has turned out different. While the US stock market has seen some uplift in the past 7 days, Bitcoin has instead taken a sharp plummet. These markets showing different behavior recently could suggest the correlation between them may be reducing. With the latest plunge, BTC has also lost the support line of the previous all-time high, something that has never happened in the previous cycles. The quant in the post notes that this recent trend is a sign of weakness in the crypto market, which could lead to further downtrend in the near future. BTC Price At the time of writing, Bitcoin’s price floats around $16.5k, down 20% in the last week. Over the past month, the crypto has lost 15% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have remained below $17k in recent days | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, CryptoQuant.com

None of the available faucets are working for me, and I need 32 ETH and some change for fees (32.2 GoerliETH) to set up a prator validator please? If anyone can help me out that would be much appreciated Address: 0x719032F38399c41Ecf34d1a3aA5cE4Dd262A90BE P.s. sorry not sure where to post submitted by /u/Jager_Master [link] …
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Just when we though that this whole story about FTX could not get any weirder, there is clearly a lot more to unravel and it will with time. Now we just got to know that FTX employees were very bound to their working place and SBF basically wanted them to work 24/7. Even recommending them…
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A little recap for those who don't already know, Sam Bankman-Fried aka SBF hopped back on twitter about 14 hours ago by tweeting…."What", about 45 minutes later he tweeted; "H" in the same thread. https://preview.redd.it/ncynr4sxayz91.png?width=594&format=png&auto=webp&s=ccd12e796094cb8ef65b5dbc866208e0449e05ce Now that it has been 12 hours from the second tweet, he has once again posted nonsense. This time it…
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In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent roughly $74 million on real estate purchases in the surrounding Albany Bahamas oceanside district. Bahama Mansion Called the ‘Orchid […]

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