Day: November 10, 2022

Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts. To date, Bitcoin price is 65% down for 2022, but it’s essential to compare its price action against the world’s biggest tech companies. For instance, Meta Platforms (META) is down 70% year-to-date, and Snap Inc. (SNAP) has dropped 80%. Furthermore, CloudFare (NET) lost 71% in 2022, followed by Roblox Corporation (RBLX) and Snapchat…

New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

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Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows NFT holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet. NFT holders can now use their Optimism NFTs in a variety of verified apps, such as in Twitter’s profile badge system — where previously, only NFTs native to Ethereum Layer 1 could be used. Introducing Magic Mirror: a way to mirror your @optimismFND NFTs on Mainnet so you can have verified NFTs on apps like Twitter ✨ pic.twitter.com/GExcrDejtf —…

Bitcoin Mining Pool In Trouble

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜ Use the discount code YT99 to get the best price. In this video, I discuss the Chinese mining pool Poolin’s liquidity problems and what this means for Bitcoin and the Bitcoin mining ecosystem. Mining pools are simply a way for many ASICs to mine together and share in the rewards. It’s very easy for an ASIC (Bitcoin mining machine) to point its hash to a new pool on a moment’s notice. By contrast, ETH validator pools are much…

FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report

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The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloomberg reports that FTX CEO Sam Bankman-Fried informed investors that his embattled firm may file for bankruptcy if it does not get the money needed to cover an up to $8 billion shortage. FTX reportedly needs to get at least $4 billion to remain solvent and Bankman-Fried is trying to raise funding in the form of debt, equity or…

FTX US resigns from the Crypto Council for Innovation

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United States-based exchange FTX US has left its position at the crypto advocacy group Crypto Council for Innovation, or CCI. In a statement to Cointelegraph on Nov. 10, CCI CEO Sheila Warren said the council had accepted FTX US’ resignation as an associate member of the group. The firm’s departure came amid crypto exchange FTX reporting liquidity issues, leading to volatility across the market and concerns from global regulators and lawmakers. “We remain committed to working towards building regulation that protects users and safeguards innovation, in order to bring about…

Revisiting MicroStrategy’s Pain Points as Bitcoin Tumbles

It’s a question that was asked earlier this year on the company’s first-quarter earnings call (with bitcoin at about $30,000), and then-outgoing Chief Financial Officer Phong Le suggested a price at or below $21,000 could serve as a trigger point for a margin call. Saylor, however, was quick to clarify those remarks, taking to Twitter to clearly delineate MicroStrategy’s obligations in regard to its bitcoin-backed loans. Source

Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum – Market Updates Bitcoin News

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It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also capitulated earlier this year. The impact of this has been felt by bitcoin, which recently fell below $16,000 for the first time in two years. Current Market Status Cryptocurrency prices have been in free fall to start the month, as the FTX collapse has triggered a significant level of bearish sentiment. Traders…

Best Indicators for Trading in Crypto/Forex/ Stock Market | Share Trading Indicators to Make Money

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io अस्वीकरण: क्रिप्टो (crypto) उत्पाद और एनएफटी (NFTs)अनियमित हैं और अत्यधिक जोखिम भरे हो सकते हैं। यह संभव है कि इस तरह के लेनदेन से हुए किसी भी नुकसान के लिए नियामक सहारा प्राप्त ना हो | अगर आप कोई भी सवाल करना चाहते है, तो कृपया support@coindcx.com पे लिखे। In this video you will learn about Best Indicators for Trading in Crypto/ Forex/ Stock Market Download India’s safest cryptocurrency app, CoinDCX : #advertisement #ad #coindcx @CoinDCX #Trading #CryptoTrading #Ad Download CoinDCX and…

Circle CEO Jeremy Allaire Says Stablecoin-Issuer Not Affected by Troubles at Crypto Exchange FTX

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The CEO of USD Coin (USDC) issuer Circle says that crypto exchange FTX’s liquidity issues bear no significant impact on the stablecoin company. Jeremy Allaire says that Circle provides services to both FTX and Alameda Research, the quantitative crypto trading firm founded by FTX CEO Sam Bankman-Fried. “Circle has no material exposure to FTX and Alameda. FTX has been a customer of Circle Payment APIs for the past 18 months, providing card and ACH services for customer transactions. Circle’s crypto payments beta product uses FTX and other exchanges, for BTC/ETH…