Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Coinbase Card opened and used, not by me

I have a standard Coinbase account and never setup a Coinbase Card or Coinbase One subscription…..as of this morning I have a card, a Coinbase One account and $1300+ being spent on this card. Ive already changed all the security methods for all my email/crypto/bank/etc Ive contacted Coinbase as all the transactions are pending but…
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Trouble in the Bahamas following FTX collapse: Report

The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange.

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed […]

Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse

The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC.

American regulators to investigate Genesis and other crypto firms

Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states.

DeFi sparks new investments despite turbulent market: Finance Redefined

The last week of November remained turbulent for the crypto market as majority of the DeFi tokens struggled with the market volatility.

Stop crash baiting FFS

I get that we are in turbulent waters right now in the wake of FTX collapsing, but some of you are really taking it to the next level. Every other post seems to be a call to action inciting a bankrun on anything and everything crypto related. Just this past week we’ve had “Coinbase is…
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Binance Coin Revives Its Bullish Strength Above $290; Will Bulls Defend This Area?

BNB’s price bounces off from $250 as the price rallies to a high of $300 as bulls take charge of the price.  BNB’s price remains strong as bulls reclaim $300 despite uncertainty in the market traders and investors remain cautious.  BNB’s price bounces from a low of $250 on the daily timeframe as the price reclaims $300 as price trades above the 50 Exponential Moving Average (EMA) The price action demonstrated by Binance Coin (BNB) has recently been a better performer rallying from $250 to a weekly high of $300 than the previous week as the market suffered from some price decline affecting most crypto assets. Despite the relief bounce from BNB (BTC), the price still trades below the key region of interest that would attract the attention of many buyers. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market is yet to make a major move leading to much fear about where the market could be headed. (Data from Binance) Related Reading: Bitcoin Bulls Get Rejected As $16,700 Proves Too Strong; Here Is What To Expect Binance Coin (BNB) Price Analysis On The Weekly Chart Despite the uncertainty and turbulence that has affected the price of Binance Coin (BNB) and the crypto market at large, many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue a downward price movement.   Binance Coin (BNB) has suffered more price loss, as the price dropped from a high of $600 to a weekly low of $250, leading to speculation of a further drop to $200-$150.  BNB’s price declined from a weekly region of $400 to a region of $250 due to the FTX fiasco, as the price found minor support to hold the sell-off in price to a further weekly low.  The price of BNB has responded well, holding off sell-off and bouncing off from $250, rallying to a high of $300, where the price faced rejection breaking higher. The price of BNB needs to hold above $310 to keep alive the hope of a relief bounce.  Weekly resistance for the price of BNB – $310. Weekly support for the price of BNB – $290. Price Analysis Of BNB On The Daily (1D) Chart The price of BNB remains considerably strong in the daily timeframe as the price trades above $290 after BNB saw its price decline from $400 to $250 recently.  BNB’s price continues to struggle as the price looks good as the price aims to break and hold above the daily price of $305, which corresponds to the 50 and 200 EMA. The price of BNB needs to reclaim and trade above $310 for a short-term relief bounce. If the price of BNB fails to flip the region of $310 and gets rejected below $270, we could see more rejection in BNB price to a region of $200 and even lower.  Daily resistance for the BNB price – $310. Daily support for the BNB price – $290-$270. Related Reading: On-Chain Data Shows Signs Of Fresh Bitcoin Accumulation Featured Image From Coinfomania, Charts From Tradingview

Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion. Matrixport Looks to Raise $100 Million From Strategic Investors The digital asset firm and […]

$15.5K retest is more likely, according to Bitcoin futures and options

Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500.