The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered.
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South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
BlockFi denies rumors that majority of its assets were held on FTX
Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.”
Amid FTX collapse, crypto funds see largest inflows in 14 weeks
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy.
Amid FTX collapse, crypto funds see largest inflows in 14 weeks
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy.
Bitcoin derivatives data reflects traders’ mixed feelings below $17,000
Derivatives data shows increased demand for margin longs contradicts traders’ perception that further downside in store for Bitcoin.
Bitcoin derivatives data reflects traders’ mixed feelings below $17,000
Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion became evident.
The move liquidated $285 million worth of leverage long (bull) positions, leading some traders to predict a potential downside of $13,800.
As described by independent market analyst Jaydee_757, the bearish trend continues to exert its pressure, with $17,200 as a resistance level. Still, such an analysis provides no guarantee that the ultimate $13,800 bottom will be hit.
Curiously, the price action coincided with improving conditions for global equity markets on Oct. 4, as the S&P 500 index gained 6.4% between Nov. 10 and Nov. 11 and the tech-heavy Nasdaq Composite rallied 9.5%. Hence, at least from a technical perspective, Bitcoin completely decoupled from traditional finance.
Additional uncertainty on Bitcoin has been brought on by Grayscale Bitcoin Trust shares trading on over-the-counter stock markets after the $11.4 billion fund discount to its assets surpassed 40%.
Inaugural GAM3 Awards to honor the best web3 games of 2022
Following the announcement, a representative confirmed that the venture capital firm Bitkraft would also be joining as a partner and member of the jury.
Former Huobi-linked entity says it has $18.1 million stuck on FTX
Lin Li, the company's founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients.
Arbitrum sees steady growth as airdrop speculation leads to increased earnings
Post Ethereum (ETH) merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report.
According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked (TVL) and daily active users at Arbitrum-based platforms.
Arbitrum reaches the top-10 in monthly earnings
When projects give away more token incentives than the revenue they incur, they have negative earnings. Token incentives that are higher than fees a protocol receives are typically a sign that the growth is not sustainable and more than likely wash trading.
Over the last 30 days, Arbitrum has earned $1 million in fees, a 134.41% increase. The increase in fees also increased the 30-day revenue for the Arbitrum protocol by 46.91%. Such growth puts Arbitrum as eighth among all DeFi protocols with $240,000 in earnings.
Earnings leaderboard sorted by earnings. Source: Token TerminalUser growth hits 70,000 daily active users as Optimism investors move to Arbitrum
In order for a protocol to receive revenue and earnings, they need daily active users. The daily active users transacting and interacting with Arbitrum is how fees increase. Over the past 30 days, Arbitrum witnessed user growth double to more than 70,000 but more recently user count is back to under 30,000.
Arbitrum sees steady growth as airdrop speculation leads to increased earnings
Post Ethereum merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report.
According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked and daily active users at Arbitrum-based platforms.
Arbitrum reaches the top 10 in monthly earnings
When projects give away more token incentives than the revenue they incur, they have negative earnings. Token incentives that are higher than the fees a protocol receives are typically a sign that the growth is not sustainable and is, more than likely, wash trading.
Over the last 30 days, Arbitrum has earned $1 million in fees, a 134.41% increase. The increase in fees also increased the 30-day revenue for the Arbitrum protocol by 46.91%. Such growth puts Arbitrum as No. 8 among all decentralized finance (DeFi) protocols, with $240,000 in earnings.
Earnings leaderboard sorted by earnings. Source: Token TerminalUser growth hits 70,000 daily active users as Optimism investors move to Arbitrum
In order for a protocol to receive revenue and earnings, it needs daily active users. Daily active users transacting and interacting with Arbitrum is how fees increase. Over the past 30 days, Arbitrum has witnessed user growth double to more than 70,000, but more recently, user count is back to under 30,000.
Manhattan District Attorney's Office probes FTX collapse: Report
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.
Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report
It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties.
Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report
It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties.
SEC wins LBRY case, but the victory may have little impact in the greater cryptoverse
Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto related unregistered securities complaint going to court.
Is GPU mining profitable after the Ethereum Merge?
The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network.
Is GPU mining profitable after the Ethereum Merge?
The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network.
Edward Snowden says he feels 'itch to scale back in' to $16.5K Bitcoin
Snowden draws attention to buying Bitcoin after the March 2020 crash as BTC price action consolidates below $17,000.
Edward Snowden says he feels ‘itch to scale back in’ to $16.5K Bitcoin
Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging below $17,000 on the day after a dismal weekly close.
The largest cryptocurrency had failed to show convincing signs of recovery after losing more than 25% the week prior thanks to the debacle around exchange FTX.
That debacle was ongoing at the time of writing, with revelations fanning out to include other firms with significant exposure to the defunct exchange.
With little light at the end of the tunnel visible, BTC price action remained unsurprisingly weak.
