Day: November 15, 2022

Chainlink Increases Accumulation To 190 Days After FTX Fiasco, Is $12 Possible?

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 LINK’s price fails to hold amidst market turmoil as price falls back into its accumulation zone with a range-bound movement.  LINK’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors.  LINK’s price bounces from a low of $5.8 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA) In the last few days, the crypto market has seen some drastic shift in sentiment, with Chainlink (LINK) and the…

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California AG issues warning-ladened guidance for public interested in buying crypto

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With the cryptocurrency market becoming ever more complex and intimidating, California Attorney General Rob Bonta had decided to issue guidance for novice crypto buyers. The California Office of the Attorney General’s website now features a page that will help those new to crypto “avoid the hype, [and] get the facts.”  “Don’t fall for a fantasy – Cryptocurrency, like all investments, carries significant risks, and there’s no guarantee that you’ll see large – or any – returns,” Bonta said in a statement. “Our new webpage is meant to be a resource…

Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder – Bitcoin News

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Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 million” worth of tokens moved, it is estimated that “$477 million is suspected to have been stolen.” Elliptic Says More Than $477 Million Siphoned from the FTX Exchange Wallet The blockchain analysis and intelligence company…

BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits

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In an official update sent to clients on Nov 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all options”. The news came as somewhat of a surprise since on Nov. 8, BlockFi’s founder and chief operating officer, Flori Marquez, assured users in a Twitter thread that all BlockFi products were “fully operational” because it had a $400 million line of credit from FTX US, which is a separate entity from FTX, the global entity affected by…

Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration

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Yuga Labs, creators of Bored Ape Yacht Club (BAYC), have acquired 10KTF; the NFT game founded by digital artist Michael Winkelmann, also known as Beeple. 10KTF is a browser-based NFT game that allows players to outfit heroes with crafted items and loadouts in order to complete missions. Missions reward players with APE coins, badges, materials, and free airdrops. The game also intends to include many items that could be worn by an avatar in the future; pairs of socks and backpacks are popular items from the game’s collection. Until now, fans…

Every Oil & Gas Company Will Mine Bitcoin | Matt Lohstroh

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Matt Lohstroh is the Co-Founder Of Giga Energy. In this conversation, we discuss Bitcoin mining, flare mining, fracking, how major oil & gas companies are getting involved, which countries are mining Bitcoin, the battle over clean energy, and what Matt & his company are doing to get more companies involved with flare mining. FTX US is the most complete crypto and finance app that allows users to buy crypto, stocks in the future and NFTs with no fees. Download FTX US today…

The Grand WAHED PitchFest – Pitch Your Idea and Win 25,000 USDT – Press release Bitcoin News

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press release PRESS RELEASE. WAHED is delighted to announce the Grand WAHED Pitchfest, an opportunity for entrepreneurs and innovators to secure funding for their next world-changing idea. Founders are invited to present their ideas to the WAHED Team, and the most innovative idea stands to win 25,000 USDT in a funding grant. With the cryptocurrency market being rocked by the collapse of FTX, the WAHED Team wants to go back to basics and keep incentivising innovation in Web 3.0. Bull markets come and go, but the desire to drive value…

Crypto.com CEO Explains How Exchange Is Different From FTX Amid Push for Reserves Transparency

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Crypto.com CEO Kris Marszalek says his exchange operates differently than FTX, the digital asset trading platform that famously imploded last week. In a new interview, Marszalek says his exchange’s focus on the retail part of the business distinguishes it from Sam Bankman-Fried’s embattled company. “Essentially there are two business models in the cryptocurrency space, right? One is the brokerage model, where our platform, for example, is a counterparty to the transaction, and every time our users buy or sell crypto, we immediately hedge the other position to have zero market…