Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX's occurred again.
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FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer
On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far.
FTX hacker reportedly transfers a portion of stolen funds to OKX after using Bitcoin mixer
On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far.
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment.
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.
Newsflow remained negative after the United States Treasury Department's Office of Foreign Assets Control (OFAC) announced a settlement with Kraken exchange for "apparent violations of sanctions against Iran." In a Nov. 28 announcement, the OFAC said Kraken had agreed to pay more than $362,000 as part of a deal "to settle its potential civil liability."
Moreover, on Nov. 28, institutional crypto financial services provider Silvergate Capital denied rumors of significant exposure to BlockFi's bankruptcy. Silvergate added that its losses are lower than $20 million in digital assets and reiterated that BlockFi was not a custodian for its crypto-collateralized loans.
Traders are afraid that Ether could drop below $800 if the bear market continues, but some are also questioning the risk of invalidation. One example comes from crypto Twitter trader @CryptoCapo_:
Let's look at Ether derivatives data to understand if the worsening market conditions have impacted crypto investors' sentiment.
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.
Newsflow remained negative after the United States Treasury Department's Office of Foreign Assets Control (OFAC) announced a settlement with Kraken exchange for "apparent violations of sanctions against Iran." In a Nov. 28 announcement, the OFAC said Kraken had agreed to pay more than $362,000 as part of a deal "to settle its potential civil liability."
Moreover, on Nov. 28, institutional crypto financial services provider Silvergate Capital denied rumors of significant exposure to BlockFi's bankruptcy. Silvergate added that its losses are lower than $20 million in digital assets and reiterated that BlockFi was not a custodian for its crypto-collateralized loans.
Traders are afraid that Ether could drop below $800 if the bear market continues, but some are also questioning the risk of invalidation. One example comes from crypto Twitter trader @CryptoCapo_:
Let's look at Ether derivatives data to understand if the worsening market conditions have impacted crypto investors' sentiment.
Serum exchange rendered 'defunct' following the collapse of Alameda and FTX
The project shared that “a community-wide effort to fork Serum is going strong,” however.
This simple Bitcoin options strategy allows traders to go long with limited downside risk
Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets.
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.
FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in
Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody.
EIB settles €100 million digital bond on private blockchain
"Unlike some cryptocurrencies using blockchain technology, the EIB's blockchain bond issues do not lead to extensive energy use," the bank wrote.
Bitcoin capitulation 4th worst ever as BTC hodlers lose $10B in a week
Bitcoin hodlers lost big after FTX, on-chain data confirms, with BTC since becoming a major target for buy the dip opportunists.
Bitcoin capitulation 4th-worst ever as BTC hodlers lose $10B in a week
Bitcoin (BTC) hodlers have capitulated more than at almost any point in Bitcoin’s history this month.
Data from on-chain analytics firm Glassnode confirms that the November 2022 BTC sell-off was the fourth-largest ever.
Bitcoin investors see multi-billion-dollar losses
In the latest edition of its weekly newsletter, “The Week On-Chain,” Glassnode got to grips with the impact of the FTX debacle on BTC investors.
The results have been mixed, it reveals, with a major loss of confidence, on one hand, triggering loss-making divestment of funds, while “strong accumulation” has also occurred.
For those entering BTC in current conditions, however, life has been anything but easy.
South Korea’s unique and amazing crypto universe
Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else on the planet.
Doo Wan Nam, a MakerDAO delegate who co-founded the research and advisory firm StableNode, laughs as he describes how crazy the intense speculation and crypto gambling can get in South Korea. He says it’s a country where the price of stablecoins like Dai or USD Coin can sometimes trade sky-high because if the price starts to rise a little above the $1 peg for some reason, speculators will jump in on the momentum trade.
“They sometimes trade for $20 because they don’t know it’s a stablecoin,” he explains. “They go, ‘You know, it was trading at $10, I bought it because it was pumping… I don’t know, I didn’t read, I just bought.’”
“So, I think that kind of tells you whether people knew what Terra was.”
The spectacular $60-billion implosion of the Terra ecosystem, headed up by the charismatic but ultimately deluded Korean developer Do Kwon, casts a pall over the entire ecosystem.
South Korea’s unique and amazing crypto universe
Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else on the planet.
Doo Wan Nam, a MakerDAO delegate who co-founded the research and advisory firm StableNode, laughs as he describes how crazy the intense speculation and crypto gambling can get in South Korea. He says it’s a country where the price of stablecoins like Dai or USD Coin can sometimes trade sky-high because if the price starts to rise a little above the $1 peg for some reason, speculators will jump in on the momentum trade.
“They sometimes trade for $20 because they don’t know it’s a stablecoin,” he explains. “They go, ‘You know, it was trading at $10, I bought it because it was pumping… I don’t know, I didn’t read, I just bought.’”
“So, I think that kind of tells you whether people knew what Terra was.”
The spectacular $60-billion implosion of the Terra ecosystem, headed up by the charismatic but ultimately deluded Korean developer Do Kwon, casts a pall over the entire ecosystem.