Day: November 11, 2022

‘Hang in there’ — Crypto Twitter encourages Solana community amid FTX onslaught

boss

With Solana (SOL) being heavily affected by the FTX debacle, Crypto Twitter expressed sympathy and hopes that its community can make a comeback.  Being one of many coins that FTX CEO Sam Bankman-Fried (SBF) supported, SOL has been hit heavily amid the FTX collapse. On Nov. 10, the total value locked on the Solana chain has fallen by 32.4%. The SOL token lost almost half of its value, dropping in value from $38 on Nov. 5 to $17 at the time of writing. Because of the devastating things happening to…

Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011

boss

Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade.  According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) to new addresses. A transaction fee for one of these 500 BTC transactions ($8.7 million) amounted to just 0.00011383 BTC, or $2.00. Blockchain researcher and developer Kirill Kretov flagged the transactions in a LinkedIn post, noting that the new addresses…

Triggered ! Bitcoin's Macro Bullish Signal | Bitcoin News & Price Prediction

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BitGet $8000 BONUS: Shawn’s Twitter: ···················································································· MANGO SEED TRADING PROGRAM 🏆 Mango Seed Program: You will learn the core foundations of Technical Analysis applicable in every market, and be taught professional methods of risk management to keep you consistently profitable. ➡️ Check out student reviews: ···················································································· MANGO INDICATORS ⭕ Mango Dynamic Indicator: The indicator that helps us catch massive trend trades, with laser precision entries & exits ⭕ Mango Trend Trading Dashboard: The mango dashboard keeps you ahead of the trend by…

Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin News

boss

The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities Regulator Takes Action Against FTX The Securities Commission of the Bahamas announced Thursday that it has taken action to “freeze assets of FTX Digital Markets and related parties.” FTX Digital Markets is the Bahamian subsidiary of Sam Bankman-Fried’s FTX Trading Ltd., which owns and operates crypto trading platform…

Cosmos Blockchain Founder Kwon Says He Is Against Proposed Changes to ATOM Token

“In an ecosystem with one of the most advanced systems of governance like Cosmos, changes affecting the development of the Cosmos Hub and placing its security and dependability at risk, as well as radical changes to its monetary policy, must be thoroughly examined from all angles and broken down into individual components to be assessed one by one – not grouped together in an omnibus white paper proposed by a centralized committee,” Kwon said in emailed comments. Source link

Traders take a neutral position after Ethereum futures contracts see massive liquidations

boss

Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18 at derivatives exchanges. Ether/USD 4-hour price at Bitfinex. Source: TradingView The $1,070 price level traded on Nov. 9 was the lowest since July 14, marking a 44% correction in three months. This adverse price move was attributed to the FTX exchange’s insolvency on Nov. 8 after clients’ withdrawals were halted.…

FTX contagion victim Deepak.eth puts NFT collection up for sale

boss

The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection. Deepak.eth tweeted that the collection will either be sold to the highest bidder, or else placed in a “fractional DAO” in which they would sell 80% of the ownership. According to the Chain founder the collection is going for 8,000 (ETH), which is roughly $10, 258,720 million at the time of writing. My NFT Collection is now available. It will either be sold…