United States Commodity Futures Trading Commission (CFTC) commissioner Summer Mersinger suggested that the time to act on cryptocurrency regulation may have arrived. Speaking at the Texas Blockchain Summit on Nov. 18, Mersinger considered what it may take for effective crypto regulation in the United States. “Lately it’s probably been 70-80% of what we talk about,” Mersinger said of crypto. “We are clearly in a situation where we need to stop, we need to gather the facts, we need to understand what’s happening […] to move policy ahead.” Mersinger saw forward…
Day: November 18, 2022
Sam Bankman-Fried Cashed Out $300M in Previous Funding Round: WSJ
In a previously undisclosed detail, most of the $420 million raised in October 2021 went directly to Bankman-Fried, the Journal reported. Source
Sports Fan Tokens Rally Ahead of FIFA World Cup, Defying Crypto Market Gloom
Fan tokens are cryptocurrencies that represent membership to a community, for example a sports team’s fan base. Token holders can express their support to a team, while they receive specific perks, including game tickets or even some level of participation in a sports club’s decision-making. Source
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Bitcoin Holds Fast Over 16K, but Crypto Winter Could Be Prolonged
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DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX collapse has created a sense of uncertainty among large and retail investors alike, who are not very sure whether they should keep their funds on centralized exchanges or not. The dilemma has led to a major uptick among DeFi protocols and decentralized exchanges. DeFi protocols and decentralized exchange (DEX) platforms gained some momentum in the aftermath of the FTX implosion. A new…
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing. Bankrupt Crypto Exchange FTX’s FTT Token Still Trades Above $1 While the FTX exchange collapse is a mess and the new FTX CEO said prior FTX leadership was…
Cardano Is Launching New Privacy Blockchain and Token
Cardano Is Launching New Privacy Blockchain and Token Source
LEO Token Records Positive Moves While Crypto Market Struggles
LEO, the native token of the Bitfinex exchange, has recorded positive gains as the crypto market struggles to gain footing. The utility token saw a price increase of 4.24% on the day. It also enjoyed an impressive 11% surge in the last 7 days. LEO’s price surge comes as rival exchange FTX suffers from liquidity issues. After the FTX filed for bankruptcy, many crypto community members called for exchanges to post their proof of reserves. Bitfinex was one of the few exchanges that revealed their cold wallet storage to boost…
Price analysis 11/18: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC
Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that bears remain in full control. The sentiment across the cryptocurrency ecosystem remains fragile as market participants assess the impact of the FTX crisis on various businesses within and outside of the crypto sector. Trading firm QCP Capital said in its latest circular on Telegram that crypto assets may continue their underperformance till the new year. QCP projects Bitcoin (BTC) to plunge to $12,000 and Ether (ETH) to $800. Looking at the brighter side, FTX could…