Latest update: https://twitter.com/cz_binance/status/1590013613586411520 This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire http://FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days. This megathread will be used to discuss all news…
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The Brazilian Tax Authority RFB registered a new record in the number of Brazilians that invested in crypto, in the month of September. The institution informed through its monthly reports that almost 1.5 million people had purchased crypto during Sept. The number of crypto investors in Brazil increased since August when a little more than […]
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Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has launched support for Ethereum in its decentralized exchange, Verse DEX, with ~$2 million in liquidity initially distributed across six trading pairs. The full-featured decentralized exchange will work seamlessly with the self-custodial multichain Bitcoin.com Wallet, […]
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Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period right now among the top 15 cryptocurrencies in terms of market capitalization. Trading at $1.11 according to latest tracking from Coingecko at press time, the altcoin managed to climb by 26% for the past week. Its biweekly and monthly performances are also impressive, increasing by 23% and 35%, respectively. Here’s a quick glance at how MATIC is ushering the new month. Polygon continues to hold the crucial $1 territory to preserve hopes of another bullish run A decline below $1 could mean a revisit to $0.8 support region for MATIC The altcoin is up by 26% over the last seven days, surpassing Bitcoin and Ethereum in this department Those numbers could have been higher if MATIC was able to sustain its surge today that allowed it to peak at $1.28. It has declined by 8.6% since then. Now, the crypto’s focus must be on maintaining the $1 marker as doing so will boost its chances of hitting higher prices such as the coveted $1.5 region. Related Reading: Ethereum Loses $1,500 Grip As ETH Heads Down To Correction Phase Polygon Shrugs Off Shaky Start For Crypto Space This Week Altcoins had a remarkable run last week with many of them tallying significant price pumps. Ethereum was able to surpass the $1,600 marker and the maiden crypto, Bitcoin, was able to reclaim the $21K territory. However, the crypto space if off to a rocky and shaky start this week as its frontrunners started to enter their respective price correction phases. Bitcoin, for instance, is trading at $19,701 at the time of writing while Ethereum fell below the $1,500 marker to change hands at $1,475. Polygon, on the other hand, remains steady for now as it is still above the $1 marker. This is crucial as this could mean the crypto is priming itself for another bullish breakout soon. If MATIC is successful on this end, it could hit the $1.5 resistance region and even test the $2 territory. Should that happen, the altcoin will be within striking distance of its all-time high (ATH) of $2.92 which it achieved in December last year. However, if the cryptocurrency crumbles and fall below $1, its most likely destination is the $0.8 support level. Source: TradingView Partnership With Large Businesses Paying Off For Polygon Perhaps one of the reasons why MATIC is able to turn back the creeping bearish momentum that is looking to take over the crypto marker once again is its network’s efforts to partner with well-established companies. Just last week, on Thursday, the Polygon chain announced its partnership with Meta-owned Instagram, giving its users the ability to mint and eventually sell non-fungible tokens (NFTs) through the its platform. Moreover, on that same day, global financial institution JPMorgan Chase used the Polygon blockchain network to execute its first transaction in a decentralized finance (DeFi) environment. These positive stimuli continue to keep MATIC’s head above waters as the larger crypto market is once again sailing on a sea of red. MATIC market cap at $10.19 billion on the daily chart | Featured image from The Economic Times, Chart: TradingView.com
You can check the data for yourself here ETH wallets: https://etherscan.io/accounts/label/ftx FTX Bitcoin: https://www.coinglass.com/Balance It's also alarming that in the last 2 days alone FTX has sent out 358,805 ETH more than they have received totalling 538,207,500$ out of their balance sheet with average ETH price of 1500$. Of course this is just the loss…
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Oasys, a gaming-oriented, Japan-based Web3 project, is partnering with YGG, a blockchain gaming guild, to grow blockchain gaming in Japan. The partnership encompasses the use of YGG resources to promote gaming projects built on top of the Oasys ecosystem, giving developers from all over the world an opportunity to get into Japan’s gaming market. Oasys […]
