Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Does it matter which bridge you use to get from ETH to an L2

If I wanted to bridge, lets say some ETH from mainnet to optimism, I've noticed I can choose between the optimism bridge itself, or many others: hop, stargate, across, celer etc… Do these all work by the same mechanism? From what I understand if I used the optimism bridge, my mainnet ETH would get locked…
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Bahamian liquidators reject validity of FTX's US bankruptcy filing

The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.

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This is a really awesome project. This is one of The best project. This project has a strong team that will bring successful. Very promising project. I hope better future. submitted by /u/Rony156 [link] [comments]

Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears

submitted by /u/PurplerRain [link] [comments]

Bitcoin Price Resists But Breaking This Resistance Could Encourage Bulls

Bitcoin price is struggling to clear the $17,000 resistance zone. BTC must stay above $16,000 to avoid more losses in the near term. Bitcoin is still consolidating above the $16,350 and $16,000 support levels. The price is trading just above $16,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,750 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 Resistance Bitcoin price made an attempt to gain strength above the $17,000 resistance zone. However, BTC struggled to remain stable above the $17,000 level. The price traded as high as $17,098 and recently started a slow decline. There was a move below the $16,800 and $16,650 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $15,833 swing low to $17,098 high. The price even spiked below the $16,500 level. However, the bulls were active near the 50% Fib retracement level of the upward move from the $15,833 swing low to $17,098 high. Bitcoin price is now trading just above $16,500 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,750 level. There is also a major bearish trend line forming with resistance near $16,750 on the hourly chart of the BTC/USD pair. The first major resistance is near the $17,000 zone. A clear move above the $17,000 resistance could set the pace for a decent recovery wave. Source: BTCUSD on TradingView.com The next major resistance is near $17,500, above which the price could rise towards the $18,000 zone. Any more gains might send the price towards the $18,500 resistance zone. Fresh Decline in BTC? If bitcoin fails to gain pace above the $17,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $16,600 level and the 100 hourly SMA. The next major support is near the $16,350 zone. The main support is near the $16,000 zone. A clear move below the $16,000 support might spark another major decline in the near term. 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 – $16,350, followed by $16,000. Major Resistance Levels – $16,750, $17,000 and $17,500.

Sam Bankman-Fried says he regrets filing for bankruptcy: Report

The former CEO had a wide-ranging interview in which he made a number of startling remarks.

What if Bitcoin goes out of business

What if Joe Biden files for bankruptcy then Putin nukes Ukraine then Trump is re-elected then Vitalik Buterin marries Sergey Nazarov then Do Kwon reveals that he’s Sam Bankman-Fried? submitted by /u/Kind-Evening2778 [link] [comments]

Kevin O’Leary Slammed for Saying He’d Back Former FTX CEO Again — Insists SBF Is a ‘Brilliant’ Crypto Trader

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that he would again back Sam Bankman-Fried (SBF), the former CEO of the collapsed crypto exchange FTX. “You can’t be serious,” many people told O’Leary, alleging that SBF is a fraud who stole billions from FTX customers. Kevin O’Leary Ignores Evidence of Fraud, Says He’d Back […]

Esports team TSM suspends $210M sponsorship deal with FTX

TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX.