Author: CryptoNews

BlockFi became the latest platform to succumb to crypto contagion, filing for Chapter 11 bankruptcy on Nov. 28.Weeks before, after FTX had also filed for bankruptcy, BlockFi issued a statement saying it could not “operate business as usual.” At the same time, the firm implemented a pause on withdrawals to “protect our clients and their interests.”With the spate of recent insolvencies, the crypto community is on high alert over which platform is next to call it a day. Recently, social media chatter has focused on Binance, KuCoin, and Nexo.AFTER FTX , CELSIUS AND VOYAGER NOW BLOCKFI HAS JUST FILED FOR BANKRUPTCYWHO…

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Mobile App Change Log 5.15.0 29 November 2022 in Change Log, Mobile App Recent updates and optimisations to the Bitfinex mobile app We’re pleased to present Version 5.15.0 of the Bitfinex mobile app. The latest update to the Bitfinex mobile app includes the addition of more currency options (BTC, USDt, ETH) in the lite mode Lend feature. You can also download the latest version of the Bitfinex mobile app from the Android Application Package (APK). Please share your experience by leaving a review in the app store too! The below changes have been suggested to us by our active customer…

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Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests.Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence platform Glassnode on Nov. 27.According to the data, there are at least two types of retail Bitcoin investors that have been accumulating the record amount of BTC following the collapse of FTX.The first type of investors — classified as shrimps —…

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Total bitcoin market capitalization shows that the market is still plagued by fear, uncertainty, and doubt. Despite this, over 60% of Dogecoin holders are profitable, per CoinMarketCap data, in the midst of the current dip. The market has recovered in some aspects, albeit not fully, and investors are feeling confident about Dogecoin now than in recent days. An overbought relative strength index (RSI) suggests a possible market drop. Despite this, in the following few days, we should see a price that is above $0.1090. In addition to being bullish on shorter timeframes, the memecoin is also quite robust on longer ones. CoinGecko…

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Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support. Ethereum struggled to gain pace for a move above the $1,250 resistance level. The price is now trading below $1,180 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is no clear move above $1,230 and $1,250. Ethereum Price Dips Again Ethereum price attempted an…

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Bitcoin (BTC) has topped the crypto charts in a survey from down under. According to 2,000 Australians surveyed by the Independent Reserve Cryptocurrency Index (IRCI), Bitcoin is number one for brand recognition, ownership and overall sentiment. Bitcoin with the most brand awareness, and by a long shot. https://t.co/LqhYPXe3p8— Stephan Livera (@stephanlivera) November 28, 2022 In the report, while 92% of Australians have heard of cryptocurrencies, Bitcoin enjoys the highest levels of brand awareness. Accordingly, 90.80% of respondents had heard about Bitcoin. Stephan Livera, a popular Bitcoin podcaster from Australia, shed light on the figures. Livera told Cointelegraph, “Bitcoin continues to grow…

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Bitfinex Alpha | Bitcoin Holds Steady as Bond Markets Come Under Stress 28 November 2022 in Bitfinex Alpha To understand what condition an economy is in, it is almost always instructive to examine the behaviour of that economy’s bond markets. Our analysis of the US bond market is not pretty. Not only is it highly leveraged, but as interest rates rise there is less investor interest in holding bonds. Yields are currently around four percent, but inflation is eight percent. Why would you hold an investment that essentially is providing negative yield? Furthermore, although yields have spiked recently, that is…

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The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister Lee Hsien Loong and Deputy Prime Minister Lawrence Wong are set to face grilling questions for their failure to protect retail investors.The Members of Parliament (MP) from the opposition Workers’ party raised 15 questions about Temasek’s investment and FTX collapse. The MPs questioned the government’s credibility in tracking the extent of investments by Temasek and Singapore’s sovereign wealth fund GIC.The discussions around the government policies while investing in digital assets will be scrutinized further in a…

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Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO.Binance sent 127,351 Bitcoin (BTC), or more than $2 billion, to an unknown wallet on Nov. 28, Whale Alert reported on Monday. According to on-chain data, the transaction occurred at 10:00 am UTC, costing Binance just a 0.000026 BTC ($0.42) fee.The huge Bitcoin transaction has immediately triggered some FUD in the community, with many noting that Binance has moved an amount that is an entire fortune in one single transaction.Binance CEO Changpeng Zhao subsequently took to Twitter to announce that the…

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How you choose to spend your free time is entirely up to you. What is important is that you are getting some sort of enjoyment or benefit from it. If you are not enjoying the way you spend your free time, then this is going to harm your mental health. The only exception to this is if you are getting serious benefits from said action.  There are, of course, some ways to pass the time that can be both enjoyable and beneficial. One example of this could be online trading. This is something that has become very popular in recent…

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