FBI is planning to extradite SBF as crypto contagion from FTX collapse spreads to $20BN BlockFi
submitted by /u/busmobbing [link] [comments]
submitted by /u/busmobbing [link] [comments]
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed and over-restrictive regulations. The Game-Changing Role of Crypto in Africa As the crypto […]
submitted by /u/_ArtosisCurse_ [link] [comments]
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.
Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
submitted by /u/intrapreneur_ [link] [comments]
During the last five days, non-fungible tokens (NFTs) stemming from the Cryptopunks NFT collection have surpassed Bored Ape Yacht Club (BAYC) NFTs in terms of floor value. Statistics over the last ten days show the floor value of Cryptopunks NFTs remained above the 60 ether zone, while BAYC-based NFT floor values dropped below the 60 […]
Avalanche (AVAX) peaked at $20.31 on November 6 as it gave its best to recover from the bearish trend that engulfed the broader crypto market towards the tail-end of October and the opening days the current month. However, on November 12, the cryptocurrency experienced a severe price correction that pulled it all the way down to $12.51. The following day, the altcoin made an immediate bounce-back as it reclaimed the $15 marker. After that, Avalanche was once again on a downward trend that made it struggle to even just climb at $14. At the time of this writing, according to tracking from Coingecko, the 20th ranked digital currency in terms of market capitalization is changing hands at $13.50. Over the last seven days, the asset has declined by more than 15% while during the past 30 days, its value dropped by 14.4%. As it turns out, even an impressive growth in GameFi segment of the blockchain space is not enough to stop the bleeding for AVAX. Related Reading: Solana Loses 60% Of Its Value After FTX Collapse – Can SOL Bounce Back This Week? As Crypto Market Suffers, Avalanche Notches Growth Elsewhere According to data shared on Twitter by Avalanche Talk, 10 GameFi projects running on the AVAX blockchain tallied significant increases in volume over the past week. Province was the top gainer, posting an impressive 1,481.77% increase in volume in just a matter of seven days. Owloper (290.98%) was at second. Rounding up the top five were Dragon Crypto (279.76%), Hoppers Game (118.39%) and Step App (91.87%). Meanwhile, RaceX (68.42%), Crabada (44.02%), XANA Metaverse (43.38%), Domi Online (41.42%) and BetSwirl (7.77%) also made the top 10-list of the indicator which aims to show how well a project is performing in a particular ecosystem. TOP AVALANCHE GAMEFI WITH HIGHEST GROWING VOLUME 7D#GrowingVolume7D is an indicator of how well a project is performing across an ecosystem. Right now, let’s take a look at the #Avalanche gamefi projects with the highest growing volume in the last 7 days 👇#Avax $Avax pic.twitter.com/yfFJDG70JN — Avalanche Talk (@Avalanche_Talk) November 14, 2022 Although there is a glaring gap between the increase in volume recorded by the top and least gainer, the most important takeaway is that despite the crypto market being painted in red once again, these projects under the umbrella of the Avalanche ecosystem managed to perform relatively well. This also served as a confirmation of the notion that the GameFi segment of the vast blockchain industry has already started its rapid growth. No Immediate Impact Yet On AVAX Price Much like the case of the Shiba Eternity game that was launched in hopes of helping Shiba Inu push its trading price to higher levels, these games running on the Avalanche network currently has little to no effect at all in terms of price trajectory. The reason for this is that all of these games, and the GameFi segment in its entirety, is still too young to push demands for crypto assets in levels high enough to move an asset’s (in this case AVAX’s) spot trading prices up. Still, this could prove to be a solid foundation that could help Avalanche and its AVAX token soar to greater heights in the near future. Related Reading: Chainlink Suffers 40% Loss In Last 7 Days – Can LINK Regain $9 Mark This Week? AVAX total market cap at $4.07 billion on the daily chart | Featured image from Unsplash, Chart: TradingView.com
Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance. DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar. The price is trading well below the $0.110 zone and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.070 support zone to avoid more losses. Dogecoin Price Aims Fresh Increase In the past few days, dogecoin saw a major decline from well above the $0.14 level. DOGE declined below the $0.12 and $0.10 support levels, similar bitcoin and ethereum. The price even broke the $0.085 support and tested the $0.07 support zone. A low was formed near $0.0699 before the bulls took a stand. The price formed a base above the $0.07 level and recently started a recovery wave. There was a move above the $0.075 and $0.080 levels. Besides, there was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE/USD pair. The price is now trading well below the $0.110 zone and the 100 simple moving average (4-hours). On the upside, the price is facing resistance near the $0.0915 level. It is near the 23.6% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low. Source: DOGEUSD on TradingView.com The first major resistance is near the $0.1100 level and the 100 simple moving average (4-hours). Any more gains above the $0.1100 zone could encourage the bulls to aim a test the 50% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low at $0.115. Fresh Decline in DOGE? If DOGE price fails to gain pace above the $0.10 level, it could start another decline. An initial support on the downside is near the $0.0820 level. The next major support is near the $0.070 level. If there is a downside break below the $0.070 support, the price could decline further. The main support is near the $0.0500 level. Any more losses could open the doors for a move towards the $0.0450 level. Technical Indicators 4-Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0850, $0.0800 and $0.0700. Major Resistance Levels – $0.0915, $0.1000 and $0.1100.
submitted by /u/Kipyegonn [link] [comments]