JPMorgan said investors can potentially look for a bottom in bitcoin (BTC) pricing through its production cost, which has sometimes acted as a floor. The current production cost is about $15,000, though itโs likely to revisit the $13,000 it hit in recent months, implying a decline of around 25% from here, the bank noted. Original Source CryptoDeleveragingFTXsJPMorganSeesWaveWoes CryptoX Portal
According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis.ย A spokesperson from Tether stated on Oct. 11 that the firm only freezes privately held wallets when it firm receives a legitimate request from a verified law enforcement agent to do so and that “we do…
Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street open as United States inflation and jobs data boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI comes in lowest since the start of 2022 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to daily highs of $17,782 on Bitstamp. The pair was just hours from a more-than-two-year low below $15,700 at the time, taking its 24-hour low-to-high to 12.8%. At the time of writing, BTC/USD circled $17,400 with volatility still rampant as…
Sam Bankman-Fried is apologizing for the collapse of his billion-dollar crypto exchange, FTX. In a tweetstorm that breaks a two-day period of silence, Bankman-Fried offers new details on what he says led to the implosion. He also says heโs engaging with โa number of playersโ in an effort to secure funding, prop up the exchange and make customers whole. Below is Bankman-Friedโs message in its entirety. โIโm sorry. Thatโs the biggest thing. I fucked up, and should have done better. I also should have been communicating more very recently. Transparentlyโmy…
The MANA cryptocurrency used in Decentraland has clearly seen better days. From its 2017 high of $5.85, MANA has dropped 80% in value in the last 12 months, as shown by the most recent available data. Presently, a share of MANA can be purchased for as little as $0.4773. Investor confidence has tanked in light of the current market situation, making a comeback for the cryptoย a littleย difficult. As a result, the question arises as to whether MANA has any chance of survival or whether it is a cryptocurrency that has…
During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival exchange. Between Nov. 8-9, the crypto economy shed more than $230 billion in value as FTXโs troubles shook investors. The following is an in-depth look at the cryptocurrency exchange FTX, the trading platform that managed to rise to the top and slide to the bottom in less than three years. FTXโs Slide From a $32 Billion Valuation to Needing an…
Lo recaudado podrรญa ser destinado a FTX International y FTX US. Source
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io โ ยกEl PRECIO de BITCOIN y las CRIPTOMONEDAS pueden SUBIR! ยฟEl DINERO INTELIGENTE va a PROVOCAR una CรIDA para COMPRAR mรกs BTC, ADA, ETH y SOL? Analizamos OPORTUNIDADES de COMPRA para el mercado CRYPTO, pues nos encontramos en un contexto de mercado muy interesante. Ya que todas las criptomonedas se encuentran en niveles muy relevantes para su precio y buscamos identificar si el precio harรก una trampa bajista agresiva en el corto y medio plazo. Seguimos las pistas que nos deja el…
Rich Handler made multiple attempts to meet with the FTX CEO, who he feared would go from rescuer to rescuee. Source
Qenta, a fintech firm that tracks precious metals using blockchain technology, will be listed on Nasdaq following a merger with special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition Corp. Source