On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold. Precious Metals Price Patterns Follow Friday’s Equity Market Rout and Crypto Carnage Just before the weekend, Wall Street’s major indices tumbled as the latest U.S. jobs report for September is making investors believe the Federal Reserve will continue…
Day: October 7, 2022
Dapper Labs Restricts Services to Russia Amid EU Sanctions
The collective that’s home to NFT collections NBA TopShot and Crypto Kitties will no longer support wallets, accounts or custody services that are traced to Russia. Source
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Transit Swap ‘hacker’ returns lion’s share of $23M in stolen funds: Finance Redefined
Majority of the DeFi tokens in Top-100 traded in red barring a few, thanks to the weekend rout in the market correction towards the end of the week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The TranitSwap hacker that got away with $23 million has returned 70% of the stolen funds. The return was possible due to quick actions from on-chain data analytic firms who managed to find the hacker’s IP…
Hedera Hashgraph Pops Out From Downtrend, Will Price Retest $0.1
HBAR’s price shows the market a glimpse of bullish hope as the price broke out of its long-range movement with strong volume. HBAR trades above key resistance as price breaks out of range holding above 8 and 20-day EMA. The price of HBAR eyes a recapture of $0.1 as key resistance was flipped into support with more buy orders. The price of Hedera Hashgraph (HBAR) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap…
Rich Investors’ Pathway to Crypto Just Got a Bit Easier This Week
Through the new integration with Gemini, advisers and clients can now view their crypto portfolios, performance data and billing information from within the Tamarac dashboard that RIAs are already using. This comes through Gemini BITRIA, a system Gemini acquired in January to offer a combination of adviser-focused services, including asset custody, liquidity, trading, portfolio construction and reporting. Source
Policía brasileña emite órdenes de arresto contra el presunto líder de un esquema piramidal de US$767 millones
Según un informe de la policía brasileña, da Silva, conocido como el “jeque de las criptomonedas” y ex residente de los Estados Unidos, recaudó más de 4000 millones de reales (US$ 767 millones) prometiendo altos rendimientos a través de supuestas operaciones con criptomonedas desde 2016. Source
Independent Examiner Ordered to Produce Interim Report About Crypto Lender Celsius
Pillay’s interim report will mark the “first time the court will hear from an independent, neutral third party on a number of critical issues in the case,” Dov Kleiner, a partner at law firm Kleinberg Kaplan, told CoinDesk in an email. “She is expected to weigh in on, among other things, where currencies were held, how they were stored and moved around and to whom they currently belong.” Source
Ethereum Drops To $1,300, What’s Next For ETH Price?
Ethereum has been following the general trend in the crypto market, giving back its profit obtained over the past week. The cryptocurrency was moving in tandem with Bitcoin and large cryptocurrencies, but now ETH’s price is reacting to new economic data published in the United States. At the time of writing, Ethereum trades at $1,300 with a 2% loss and sideways movement in the last week. Other cryptocurrencies in the top 10 by market capitalization record similar price action with the exception of XRP. This token is showing strength against…
Crypto.com downsizes some sports partnership deals amid market downturn: Report
The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals. Cryptocurrency exchange Crypto.com has reportedly reduced the scale of many of its sponsorship deals with sports organizations amid staff cuts and the market downturn. According to an Oct. 6 report, Ad Age tech reporter Asa Hiken said Crypto.com cut the scope of sponsorship agreements inked with major sports organizations including Los Angeles’ Angel City Football Club, the 2022 FIFA World Cup in…