Category: Cryptocurrency News

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A “mixed-reality world” by Apple could be fast approaching as recent job openings show the tech giant is hiring a number of engineers with AR and VR experience.

I think that all the attention on FTX will ultimately be good for crypto in general (ETH & BTC in particular). This is getting wide spread coverage and news organizations are trying to explain what it is to viewer. Maybe this turns out “any press is good press’. We might actually get more people involved…
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Binance CEO Changpeng Zhao (CZ) said people should invest in crypto if they’re using “cash that you don’t need for a long time” as the market sees high volatility amid FTX’s fallout.

Bitcoin price remained stable above the $16,000 support zone. BTC could start a decent recovery wave if there is a clear move above the 100 hourly SMA. Bitcoin remained well bid above the $16,000 and $15,800 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if it clears the $17,000 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price reacted to the downside once again after it failed to clear the $17,200 zone. BTC declined below the $17,000 and $16,500 levels. It even spiked below the $16,200 level. However, the bulls were active above the $16,000 support zone. A low was formed near $16,164 and the price started a slow increase. There was a move above the $16,400 and $16,500 levels. The price cleared the 50% Fib retracement level of the recent decline from the $17,149 swing high to $16,154 low. Bitcoin price is now trading below $17,000 and the 100 hourly simple moving average. It is testing the 61.8% Fib retracement level of the recent decline from the $17,149 swing high to $16,154 low. On the upside, an immediate resistance is near the $16,800 level. There is also a major bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair, and the 100 hourly simple moving average. A clear move above the $17,000 resistance might push the price further higher. Source: BTCUSD on TradingView.com The next major resistance is near $17,200, above which the price could test the $17,750 zone. Any more gains might send the price towards the $18,000 resistance zone. Fresh Decline in BTC? If bitcoin fails to start a recovery wave above the $17,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $16,400 level. The next major support is near the $16,150 zone. A clear move below the $16,150 support might push the price further lower. In this case, the price may perhaps decline towards the $15,550 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $16,150, followed by $15,550. Major Resistance Levels – $16,800, $17,000 and $17,500.

Hi everyone, I wanted to run this by you guys if I am missing something. I want to create a coldwallet and get myself completely off exchanges. I was told that I can generate my own entropy with https://github.com/iancoleman/bip39 by rolling dice on a pc never connected to the internet and no storage medium. Please…
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As the title states, some news has come out that SBF’s random cryptic tweets, thought to be setting up an insanity plea, are him trying to game twitter bot detection. He’s been deleting select tweets regarding FTX while replacing them with these random letters or words. In an interview he also states that the cryptic…
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As the market suffers from FTX’s liquidity crisis, PAX Gold (PAXG), a commodity-backed crypto, continues to lead weekly gains. The 65th largest crypto by market cap was seen keeping a week-on-week gain of 5.26% and an intraday gain of 1.12%. Based on current market movement, PAX Gold is the week’s highest gainer. In fact, no other altcoin could boast of any gains, as the entire board was painted red. Notably, PAX Gold has received many mentions on social media within the last few days. The catalyst is also tied to the FTX case, as the embattled exchange holds some amount of the token. Plus, PAXG’s parent company Paxos looks to expand its workforce in Singapore after bagging an operating license. Related Reading: Bitcoin Moves Differently From US Stock Market, Correlation Weakening? PAXG, Others Part Of FTX’s Holdings As FTX faces insolvency, recent data of its current Ethereum wallet holdings shows it holds part of its wealth in PAXG. FTX’s wallet holdings have dropped in the previous week due to liquidity concerns, illegitimate loans, client withdrawals, and a market downturn. Ethereum-based token data on Dune Analytics display the present condition of wallet holdings owned by the company. This data pertains to a list that was originally prepared by The Block. This report claims that among FTX’s holdings is $61 million worth of Paxos gold (PAXG). It also held $69 million worth of USD coin (USDC) and $50 million worth of DAI, a decentralized stablecoin. Furthermore, there are more than $40 million worth of ether (ETH) and staked ether (stETH) in its wallet.  According to 21Shares, a cryptocurrency investment service, the information only represents “the absolute minimum” of the wallet holdings at the moment. This simply means that the data only includes a small portion of the assets owned by the firms. Paxos Expands Team Despite Crypto Downturn Paxos, the company behind PAXG, is expanding its workforce in Singapore by at least 130 workers. Bloomberg reported that the company received a license from Singapore’s central bank to market crypto goods and services. In an interview, co-founder Rich Teo stated that the company was anticipating a three-year development drive. He mentioned that Singapore would serve as the center of growth for the region outside of the United States. The company has 20 employees in Singapore and 350 employees worldwide at the moment. Paxos stands as one of 20 companies licensed by Singapore’s MAS to conduct digital token operations under the Payment Services Act. With this recruiting effort in Singapore, Paxos appears to be going against the current digital asset sector as a whole. Recall that many exchanges have been cutting back on staff over the past several months. Since the beginning of April, approximately 11,700 crypto-related jobs have been lost, based on news reports and official statements. Related Reading: Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K PAXG Price Analysis PAXG was trading at $1,760 at the time of this writing. Having found numerous support at $1,725, the bulls rallied to push its price to a weekly high of $1,780.  For the rally to continue, the asset has to break through and close above $1,792. This point is shaping up to be a key resistance level. Featured image from Pixabay and chart from TradingView.com

A Visa spokesperson confirmed to Cointelegraph the company has terminated its global agreements with FTX.

The Bank for International Settlements (BIS) studied the main motives behind Bitcoin adoption by retail investors.