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Banks still show interest in digital assets and DeFi amid market chaos

Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.

Bitcoin price may still drop 40% after FTX 'Lehman moment' — analysis

BTC price targets now include $12,000, with Ethereum potentially falling to $800 for the pit of the bear market.

Bitcoin price may still drop 40% after FTX 'Lehman moment' — analysis

Bitcoin (BTC) saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC gets $12,000 price target

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to flip $17,000 to support — a trend in place for almost a week.

The pair, like major altcoins, remained firmly tied down by cold feet over the FTX debacle and its knock-on effects for various crypto businesses.

For analysts, the outlook remained just as grim, with already dismal forecasts worsening in light of recent events.

“This underperformance of all crypto assets is here to stay until the bulk of uncertainly has cleared up - likely only near the turn of the new year,” trading firm QCP Capital wrote in its latest circular to Telegram channel subscribers on the day.

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Bitcoin price may still drop 40% after FTX 'Lehman moment' — analysis

BTC price targets now include $12,000, with Ethereum potentially falling to $800 for the pit of the bear market.

Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis

Bitcoin (BTC) saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC gets a $12,000 price target

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to flip $17,000 to support — a trend in place for almost a week.

The pair, like major altcoins, remained firmly tied down by cold feet over the FTX debacle and its knock-on effects for various crypto businesses.

For analysts, the outlook remained just as grim, with already dismal forecasts worsening in light of recent events.

“This underperformance of all crypto assets is here to stay until the bulk of uncertainly has cleared up — likely only near the turn of the new year,” trading firm QCP Capital wrote in its latest circular to Telegram channel subscribers on the day.

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Designing the metaverse: Location, location, location

When it comes to designing a metaverse map, it’s more about the vibe than practicality. From space pods to jungle islands and celebrity neighbors, users want to feel like they are someplace special.

What considerations go into designing a metaverse platform? Insiders explain that one key factor is that virtual worlds need to be created with features familiar to their human users — even if such elements, like beaches and nature preserves, offer no practical benefits in virtual reality. Old habits die hard, and people prefer spaces that are familiar and, ideally, neighboring a celebrity like Snoop Dogg.

Alexis Christodoulou, a 3D architect who has been creating virtual spaces for 10 years and NFTs for two, recently got the job to design 2117, a space-themed metaverse platform imagining the United Arab Emirate’s stated goal to colonize Mars in the year 2117.

“If I was told to just build a metaverse, I’d have had a proper nervous breakdown — starting with a space pod was intuitive.”

Outer space, like the metaverse itself, is a foreign environment for humans. Looking 100 years into the future, it is easy to imagine a creepy, inhuman, alien-like ship without many points of familiarity. Instead, Christodoulou has aimed to form the environment into one that appears comfortable, familiar and inviting. 

Victory 1

Designing the metaverse: Location, location, location

When it comes to designing a metaverse map, it’s more about the vibe than practicality. From space pods to jungle islands and celebrity neighbors, users want to feel like they are someplace special.

What considerations go into designing a metaverse platform? Insiders explain that one key factor is that virtual worlds need to be created with features familiar to their human users — even if such elements, like beaches and nature preserves, offer no practical benefits in virtual reality. Old habits die hard, and people prefer spaces that are familiar and, ideally, neighboring a celebrity like Snoop Dogg.

Alexis Christodoulou, a 3D architect who has been creating virtual spaces for 10 years and NFTs for two, recently got the job to design 2117, a space-themed metaverse platform imagining the United Arab Emirate’s stated goal to colonize Mars in the year 2117.

“If I was told to just build a metaverse, I’d have had a proper nervous breakdown — starting with a space pod was intuitive.”

Outer space, like the metaverse itself, is a foreign environment for humans. Looking 100 years into the future, it is easy to imagine a creepy, inhuman, alien-like ship without many points of familiarity. Instead, Christodoulou has aimed to form the environment into one that appears comfortable, familiar and inviting. 

Victory 1

Designing the metaverse: Location, location, location

When it comes to designing a metaverse map, it’s more about the vibe than practicality. From space pods to jungle islands and celebrity neighbors, users want to feel like they are someplace special.

What considerations go into designing a metaverse platform? Insiders explain that one key factor is that virtual worlds need to be created with features familiar to their human users — even if such elements, like beaches and nature preserves, offer no practical benefits in virtual reality. Old habits die hard, and people prefer spaces that are familiar and, ideally, neighboring a celebrity like Snoop Dogg.

Alexis Christodoulou, a 3D architect who has been creating virtual spaces for 10 years and NFTs for two, recently got the job to design 2117, a space-themed metaverse platform imagining the United Arab Emirate’s stated goal to colonize Mars in the year 2117.

“If I was told to just build a metaverse, I’d have had a proper nervous breakdown — starting with a space pod was intuitive.”

Outer space, like the metaverse itself, is a foreign environment for humans. Looking 100 years into the future, it is easy to imagine a creepy, inhuman, alien-like ship without many points of familiarity. Instead, Christodoulou has aimed to form the environment into one that appears comfortable, familiar and inviting. 

Victory 1

Crypto self-custody a ‘fundamental human right’ but not risk-free: Community

Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody.

Crypto self-custody a ‘fundamental human right’ but not risk-free: Community

Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody.

Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

BItcoin exchange inflows echo 2018 crypto capitulation, but the reasons for the largescale moves from Binance remain unclear.

Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next

Bitcoin (BTC) inflows to largest exchange Binance just saw a giant spike reminiscent of the 2018 bear market capitulation.

Data from on-chain analytics platform CryptoQuant shows that on Nov. 18, a giant tranche of almost 60,000 BTC entered Binance’s wallet.

Exchange inflows highest since late 2018

BTC price contagion fears thanks to FTX insolvencies and related panic selling are ongoing.

Now, the latest on-chain figures from Binance could provide an additional catalyst for nervous markets — the exchange has seen its biggest daily inflow on record.

With Nov. 18 not over, partial data from CryptoQuant puts current inflows at over 138,000 BTC for the day so far.

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FTX meltdown triggers FINRA into probing crypto comms

The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations.

FTX meltdown triggers FINRA into probing crypto comms

The examination comes in the wake of the FTX debacle, a crypto exchange found to be mismanaging customers’ funds by simply lying about their operations.

Sam Bankman-Fried rumor mill running amok: Trading course, FBI extradition, FTX hack

A rumor claiming that former FTX CEO Sam Bankman-Fried filmed a master class on trading that was scheduled to be released in December floated on social media.

Metaverse ‘explosion’ will be driven by B2B, not retail consumers: KPMG partner

KPMG's incoming Head of Metaverse Futures Alyse Sue said the objective is to build a multi-million dollar business opportunity for the firm by 2025.

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