Day: October 26, 2022

Bitcoin price reaches $21K as crypto market cap nears $1T

boss

Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls “eat” ask liquidity Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp. At the time of writing, the pair continued to explore territory out of reach for over six weeks. Liquidations also kept flowing, with the past 24 hours delivering $750 million in liquidated positions on Bitcoin alone, according to…

What Bloomberg’s Crypto Opus Means for the Next Bull Market

There are three main reasons this single story matters, and maybe matters a lot. First, because Bloomberg is arguably the most influential and respected mainstream business news outlet on the planet right now. The Wall Street Journal certainly still has its role, but it can’t match the breadth and depth of Bloomberg’s organization and output. Source

BREAKING: BitMex Trading Engine Experiences Downtime, Bitcoin Below $21,000

boss

Summary: Crypto exchange BitMex alerted users to an unscheduled trading engine downtime on Wednesday. The platform said trading facilities were suspended due to technical issues and assured users that all funds and assets are safe. Today’s downtime comes amid a rally in crypto prices and massive short liquidation events across Bitcoin, Ether, and other virtual currencies.  On Wednesday, cryptocurrency exchange Bitmex informed users of suspended trading on the platform due to technical issues. Bitmex assured users that “all funds are safe” regardless of the unscheduled trading engine downtime.  According to…

Venture capital recedes from crypto in Q3, but not all is bleak: Report

boss

In 2022, it’s no surprise that most assets are in a bear market. People have a variety of signals they look for when determining a good time to enter the market, and Cointelegraph Research’s Venture Capital Report for Q2 revealed that VC inflows stagnated at just above $14 billion last quarter, the same as Q1. However, the third quarter did not fare as well, dropping over 66% to just $4.98 billion, as Cointelegraph Research explores in its latest Venture Capital Report for Q3. The number of deals also declined to…

A Look at One of Crypto’s Greatest Mysteries — Bytecoin’s Alleged Premine and the Puzzling Nicolas Van Saberhagen, and Cryptonote Team – Featured Bitcoin News

boss

When Bitcoin first launched, the community was extremely small and it slowly grew during the first two years until the project’s creator, Satoshi Nakamoto, left the community for good. During the early years encompassing the world of cryptocurrencies, a number of anonymous individuals like Sunny King, Artforz, Rat4, and Cobra followed Satoshi’s method of keeping themselves unknown to the general public. The following is a look at the creator of the privacy-centric Cryptonote protocol, known as Nicolas van Saberhagen. The pseudonym was leveraged by the inventor of the untraceable transaction…

Bloomberg Beta Leads $6.2M Funding for DAO Framework Origami

Origami aims to ease that transition with technological framework and guidance for DAOs, The project has row raised $6.2 million in a funding round led by Bloomberg Beta, the early-stage venture firm backed by Bloomberg, L.P. The capital will help Origami build out its software platform, infrastructure and DAO playbook, Ben Huh, Origami founder and CEO, told CoinDesk during an interview. Source

Andreessen Horowitz loses billions of dollars but remains faithful to crypto

boss

Andreessen Horowitz (a16z), a hedge fund that manages roughly $28 billion USD, has become one of the major victims of the crypto market crisis that broke out last spring. Despite the downturn, the company said it remains faithful to “the crypto-centric vision of the internet called Web3.”  In his commentaries to Wall Street Journal’s review of a16z’s crypto involvement, published on Oct. 26, Chris Dixon — a general partner of the fund and a chief decision maker on crypto investments — pledged his intention to continue investing in the market…