The exchange assured users in a series of Tweets that withdrawals should be moving along and matching engines are running as they should - though some users didn’t buy it.
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Deribit hackers move stolen Ether to Tornado Cash crypto mixer
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.
Deribit hackers move stolen Ether to Tornado Cash crypto mixer
The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.
Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear.
FTX Token price risks 30% plunge as a 23M FTT 'part' moves to Binance
An ongoing selloff in the FTX Token (FTT) market could worsen in the coming months owing to a mix of pessimistic technical and fundamental indicators.
FTT could plunge 30%
From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a less extreme upward retracement.
On Nov. 6, FTT broke below the pattern's support line near $22.50, accompanied by a volume spike. The FTX exchange token's selloff continued on Nov. 7 below the support line, raising risks of a bearish continuation phase in the coming months.
FTT/USD daily price chart featuring inverse-cup-and-handle pattern. Source: TradingViewAs a rule of technical analysis, the inverse-cup-and-handle breakdown can push the price down by the length equal to the distance between the pattern's support and peak level. That puts FTT's breakdown price target at around $16, down roughly 30% from the current price.
The bearish technical setup came as Changpeng Zhao (CZ), the CEO of crypto exchange Binance, said his company would liquidate its entire FTT holdings in the coming months, on fears that the token might collapse in the same manner as Terra (LUNA) in May 2021.
FTX Token price risks 30% plunge as a 23M FTT 'part' moves to Binance
An ongoing selloff in the FTX Token (FTT) market could worsen in the coming months owing to a mix of pessimistic technical and fundamental indicators.
FTT could plunge 30%
From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a less extreme upward retracement.
On Nov. 6, FTT broke below the pattern's support line near $22.50, accompanied by a volume spike. The FTX exchange token's selloff continued on Nov. 7 below the support line, raising risks of a bearish continuation phase in the coming months.
FTT/USD daily price chart featuring inverse-cup-and-handle pattern. Source: TradingViewAs a rule of technical analysis, the inverse-cup-and-handle breakdown can push the price down by the length equal to the distance between the pattern's support and peak level. That puts FTT's breakdown price target at around $16, down roughly 30% from the current price.
The bearish technical setup came as Changpeng Zhao (CZ), the CEO of crypto exchange Binance, said his company would liquidate its entire FTT holdings in the coming months, on fears that the token might collapse in the same manner as Terra (LUNA) in May 2021.
Crypto no more in top 10 most-cited potential risks: US central bank report
The U.S.-China tensions, the Russia-Ukraine war, higher energy prices, rising inflation, the COVID-19 pandemic and cyberattacks came out as some of the most pressing financial risk concerns.
Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week
Signs that market optimism is running away with itself come ahead of the U.S. midterm elections and key economic data.
Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of November battling some familiar FUD — how will BTC price action react?
The largest cryptocurrency managed a weekly close just below $21,000 on Nov. 6 — an impressive multi-week high — but remains fixed in a sticky trading range.
Despite seeing highs of nearly $21,500 over the past week, there has yet to be a catalyst capable of breaking the market status quo, but the coming week has as good a chance as any of doing so.
Nov. 10 will see key United States inflation data for October released, while jobless claims and multiple speeches from Federal Reserve officials may also impact risk asset volatility.
An unexpected twist from within the crypto realm comes in the form of turmoil involving exchange FTX, Alameda Research and Binance.
Solana’s co-founder addresses the blockchain’s reliability at Breakpoint
In 2022 the blockchain has suffered from ten partial or full outages along with slow block times and Solana’s co-founder said it’s “not the experience that we want to deliver.”
Vitalik reveals a new phase in the Ethereum roadmap: ‘The Scourge’
The remaining milestones of the Ethereum roadmap consist of The Surge, The Scourge, The Verge, The Purge and The Splurge.
Vitalik reveals a new phase in the Ethereum roadmap: ‘The Scourge’
The remaining milestones of the Ethereum roadmap consist of The Surge, The Scourge, The Verge, The Purge and The Splurge.
OpenSea launches new "on-chain" tool to enforce NFT royalties
Royalty enforcement tool only applies to new NFT collections at this stage, with a decision to be made on existing collections at a later date.
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
Social media and tech giant Meta is reportedly gearing up for “large-scale layoffs” this week amid rising costs and a recent collapse of its share price.
According to Wall Street Journal (WSJ) report on Nov. 6 citing people familiar with the matter, the planned layoffs could impact thousands of employees in a broad range of divisions across Meta’s 87,000-strong workforce.
It is not currently understood whether the firm's Reality Labs division, which registered a $3.7 billion loss in the third quarter, would see staff cuts.
Last week, Meta CEO Mark Zuckerberg said that the company would be focusing its investment on “a small number of high-priority growth areas," including its Artificial Intelligence (AI) Discovery Engine and its advertisement and business messaging platforms in addition to the Metaverse, stating:
“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year [...] In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today.”
Meta reportedly plans 'large-scale layoffs,' but what of its metaverse division?
As of the end of September, Meta had more than 87,000 employees — a large proportion of which is said to work in the Reality Labs division.
What are crypto whale trackers and how do they work?
Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements.
What are crypto whale trackers and how do they work?
Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements.
What are crypto whale trackers and how do they work?
Crypto whale action can affect the price of cryptocurrencies and tracking these whales can offer invaluable and timely insights into price movements.
Why banking uses at least 56 times more energy than Bitcoin
“Bitcoin uses 0.05% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph.
DeFi at the crossroads of the trucking industry to ensure efficient payments
A handful of organizations are combining crypto with decentralized finance models to create better payment systems for trucking companies.