Day: November 9, 2022

Crypto Exchange BitMEX To Launch New Native Token BMEX This Friday

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Cryptocurrency exchange and derivatives platform BitMEX is set to unveil its native token BMEX later this week. BitMEX says that the initial exchange offering (IEO) of the BMEX token will take place on Friday. The token will exclusively be listed on the BitMEX spot exchange before being made available for derivatives trading on the same platform. “On 11 November, 2022, we’re launching the BMEX Token exclusively for trading on BitMEX, affording our users the exclusive opportunity to participate in an IEO from an OG [original] crypto exchange. First up, at…

Binance-FTX Deal Will Bring Regulatory ‘Scrutiny’ on Crypto Exchanges: Blockchain Association’s Kristin Smith

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Who were the pro- and anti-crypto winners and losers from the US Midterms?

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Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who have expressed staunch views on digital asset regulation won on Nov. 8. Some of crypto’s most outspoken supporters at the local and federal level, including Wyoming Senator Cynthia Lummis and Miami Mayor Francis Suarez, had no elections in November 2022, but others defended challenges to congressional seats with both narrow and wide margin victories. Pro-crypto House incumbents including Minnesota Representative Tom Emmer and North…

FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

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The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from Semafor indicates that FTX’s legal and compliance staff left en masse as the company announced its deal with Binance. The report cites people familiar with the matter speculating on the company’s hurdles to completing any agreement without a legal staff.  FTX’s Team Goes Silence, Employees Keep Faith In CEO Across…

Bitcoin Breakout or Fackout ? | Crypto Market Next Move? | Btc Update Today

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Polygon (MATIC) Looks Good Above $0.75 Despite Market Turmoil; Here Is Why?

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 MATIC’s price loses its $1 support as the price trades to a region of $0.8.   MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  MATIC’s price remains weak across all timeframes as the price trades slightly below the 50 and 200 Exponential Moving Averages (EMA). In the last two days, the crypto market has been erratic with the price of many altcoins, including Polygon (MATIC), battling for survival. Previous weeks saw the price of Polygon (MATIC) outperform Bitcoin (BTC).…

Who Still Has Exposure to FTX?

“While we have significantly reduced our exposure over the course of the week, we still have withdrawals that have yet to be processed,” wrote the firm, noting that the stuck assets represent less than 10 percent of Amber Group’s total trading capital and doesn’t “pose a threat to our business operations or liquidity.” Source

Selling From Whales Holding 1k+ BTC Behind Crash

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On-chain data shows Bitcoin whales with more than 1k BTC were the main sellers in the latest crash, as other cohorts displayed muted activity. Bitcoin Spent Output Value Bands Shows Spike From 1k-10k Group As pointed out by an analyst in a CryptoQuant post, unlike in the previous declines, the 10-100 BTC and 100-1k BTC cohorts didn’t show any spikes in activity during the latest crash. The relevant indicator here is the “Spent Output Value Bands” (SOVB). which displays the number of coins being moved by each value band in…