Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Daily General Discussion – November 25, 2022 (GMT+0)

Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets

The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial Intelligence Unit Initiates Another FTX-Related Probe Financial regulators in Turkey have started […]

Ethereum developers decided on eight proposals for the Shanghai update

Among the main features of the Shanghai hard fork is Beacon Chain staked Ether (ETH) will be unlocked.

IMF calls for tighter crypto regulation in Africa as the industry unfolds

FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.

Hollywood, Streaming Giants Scramble for Movie Rights to FTX Saga

After the FTX collapse, the story seems as though it came from a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple, and Netflix are vying to get the rights to tell the FTX tale. ‘Multiple’ Film Adaptations […]

Ether tests $1,200 but bears better positioned for $1.13B options expiry on Nov. 25

Bears are better positioned to profit roughly $215 million during November’s Ether options expiry, putting pressure on ETH’s price near a critical resistance level.

BIS report finds uneven progress, differing motivations in African CBDC adoption

A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC.

Dogecoin Holds $0.08 Against All Odds; Here is Why This Will Favor DOGE Army

DOGE’s price continues to show strength as the price hold above the key region of $0.08 as bulls aim to go higher.   DOGE’s price continues to look bearish with the market’s current state, as most traders and investors remain cautious.  DOGE’s price bounces from a low of $0.07 on the daily timeframe as the price moves with eyes set on recapturing price above the 50 Exponential Moving Average (EMA) Dogecoin (DOGE) continues to display a better price action than in recent times than Bitcoin (BTC) as the price reclaims the support of $0.08 and eyes a further rally to a region of $0.1 if the crypto market remains calm ahead of a monthly close. Despite the relief bounce from Dogecoin (DOGE), 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: Survey Suggests Institutional Investors Still Interested In Crypto Dogecoin (DOGE) Price Analysis On The Weekly Chart Despite the uncertainty and turbulence that has affected the price of Dogecoin (DOGE) and the crypto market as a large, many altcoins are struggling for survival, trying to stay afloat as the prices of altcoins continue in a downward price movement.   DOGE’s price declined from a region of $0.15 to a region of $0.7 as DOGE lost this key support. The price of DOGE failed to hold above $0.1, leading to price retesting lower price points.  The price of DOGE continues to hold above $0.08-$0.07, indicating a good sign for the DOGE army on the weekly chart and other timeframes. If the price of DOGE loses this region of interest, it would mean price going and bears controlling DOGE prices. Weekly resistance for the price of DOGE – $0.1. Weekly support for the price of DOGE – $0.08-$0.07. Price Analysis Of DOGE On The Daily (1D) Chart The price of DOGE remains considerably strong in the daily timeframe as the price trades above $0.08 after DOGE saw its price decline from $0.15 to $0.07 as the market continues in its state of uncertainty.  DOGE’s price continues to struggle as price aims for more relief bounce from this region. The price of DOGE needs to reclaim and trade above $0.1 for a short-term relief bounce. The $0.1, corresponding to the Fibonacci retracement value of 38.2%, will strongly resist the DOGE price. DOGE prices trade at $0.08 below 50 EMA, acting as resistance for DOGE to trend higher. The price of $0.012 on the daily timeframe for DOGE needs to be reclaimed for bulls to feel safe.  Daily resistance for the DOGE price – $0.11. Daily support for the DOGE price – $0.08-$0.07. Related Reading: Bitcoin Shakes Off the Bears and Aims for $20,000 By End Of Year, Can It Make It? Featured Image From zipmex, Charts From Tradingview

Will NFTs become increasingly important in the future?

The weekly volume of the NFT market has nearly surpassed that of the beginning of the year. The number of active NFT buyers and sellers has also risen steadily, from 60,000 in the first quarter of 2021 to approximately a million in the first quarter of 2022. Many believe that NFTs have the potential to…
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Polkadot incentivizes its community to fight scams through an “anti-scam bounty”

Polkadot said it rewards community members in a consistent manner with bounties paid in USDC.