The former FTX CEO said he will be speaking at a conference by The New York Times, the same outfit that wrote the recent "puff piece" on Bankman-Fried.
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Casper Association launches $25M grant to support developers on its blockchain
To complement the launch of its grant program, Casper said it will provide education to support developers and innovators on its network.
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance.
Aave proposes governance changes after failed $60M short attack
The exploit failed due to a miscalculation of Aave's liquidity levels.
Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry
BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday's expiry.
Here's why $16.5K is critical for November's $1.14B Bitcoin options expiry
Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25.
Bitcoin investors' sentiment worsened after Genesis Trading, which is part of the Digital Currency Group (DCG) conglomerate, halted payouts at its crypto lending arm on Nov. 16. More importantly, DCG owns the fund management company Grayscale, which is responsible for the largest institutional Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC).
Additionally, Bitcoin miner Core Scientific has warned of "substantial doubt" about its continued operations over the next 12 months given its financial uncertainty. In its quarterly report filed with the United States Securities and Exchange Commission (SEC) on Nov. 22, the firm reported a net loss of $434.8 million inthe third quarter of 2022.
Meanwhile, New York Attorney General Letitia James addressed a letter to the members of U.S. Congress on Nov. 22 recommending barring the purchase of cryptocurrencies using funds in IRAs and defined contribution plans such as 401(k) and 457 plans.
Despite bulls' best efforts, Bitcoin has not been able to post a daily close above $17,000 since Nov. 11. This movement explains why the $1.14 billion Bitcoin monthly options expiry on Nov. 25 could benefit bears despite the 6% rally from the $15,500 bottom.
US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter.
Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities
Rising from the ashes of old crypto exchanges, a new paradigm arises.
Blockchain VC funding halves in October despite some strong raises
VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round.
Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase
Bo Shen previously suffered another devastating hack to his personal wallet in 2016.
BTC price holds $16K as analyst says Bitcoin fundamentals 'unchanged'
Bitcoin sentiment is the worst one analyst has ever seen as BTC price action holds its own into Thanksgiving.
BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’
Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGrayscale, GBTC still dominate crypto mood
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after fresh two-year lows the day prior.
The pair left analysts guessing the day before U.S. markets closed for the Thanksgiving holiday, with crypto commentators still focused on Digital Currency Group (DCG).
Potential liquidity problems with DCG-owned Genesis Trading continued to agitate those already expecting further losses across Bitcoin and altcoins.
As Cointelegraph reported, concerns had already spread to doubt the future of the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin institutional investment vehicle with assets under management worth over $10 billion.
Tether vs. USD Coin on-chain data reveals two very different stablecoins
USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data.
USDC daily transfer volumes are higher
The market capitalization of USDC tokens in circulation comes to be around $44 billion versus USDT's $65.42 billion. However, USDC's daily transfer value on the Ethereum blockchain has been consistently higher than USDT throughout 2022, data from Glassnode shows.
For instance, as of Nov. 22, the USDC daily transfer was around $14 billion compared to USDT's $5 billion.
USDC vs. USDT daily transfer volume. Source: GlassnodeIn other words, USDC users engage in relatively higher capital transfers compared to USDT users, suggesting that USDC is increasingly the stablecoin of choice among high net-worth entities including institutional whales, hedge funds, family offices, crypto exchanges, etc.
Related: 82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
Tether vs. USD Coin on-chain data reveals two very different stablecoins
USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data.
USDC daily transfer volumes are higher
The market capitalization of USDC tokens in circulation comes to be around $44 billion versus USDT's $65.42 billion. However, USDC's daily transfer value on the Ethereum blockchain has been consistently higher than USDT throughout 2022, data from Glassnode shows.
For instance, as of Nov. 22, the USDC daily transfer was around $14 billion compared to USDT's $5 billion.
USDC vs. USDT daily transfer volume. Source: GlassnodeIn other words, USDC users engage in relatively higher capital transfers compared to USDT users, suggesting that USDC is increasingly the stablecoin of choice among high net-worth entities including institutional whales, hedge funds, family offices, crypto exchanges, etc.
Related: 82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
Crypto awakening: Researcher explains ETH exodus from exchanges
On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse.
Bukele's government introduced a bill to launch the 'Bitcoin bonds'
A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”
Bitcoin may need $1B more on-chain losses before new BTC price bottom
BTC price losses are not yet bad enough to rival previous Bitcoin bear market troughs, data suggests.
Bitcoin may need $1B more on-chain losses before new BTC price bottom
Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low.
According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends.
Bitcoin losses “only” total $671 million
With analysts predicting a return to $14,000 or lower for BTC/USD, the question of where Bitcoin will bottom is one of the hottest topics in the space this month.
For Baro Virtual, which analyzed data from on-chain analytics platform Whalemap, it may be a matter of simple arithmetic.
Taking Whalemap’s moving profit and loss (MPL) figures for on-chain BTC transactions, it noted that in the past, macro BTC price bottoms occurred once those transactions’ losses were equal to or more than the equivalent profits in the bull run which preceded them.
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.
Central banks can use Bitcoin to fight off sanctions: Harvard research
Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks.