Day: November 21, 2022

FTX Hacker Mobilizes Ethereum Again, Loaded For The Dump?

boss

Massive selling pressure from the crypto exchange FTX hacker hit Ethereum; the bad actor has been dumping the cryptocurrency during the weekend. This “dumping,” selling an asset in the market, is creating panic in the crypto market. The hacker stole over 200,000 from the trading venue.  As of this writing, Ethereum is trading in the red. The second cryptocurrency by market cap is priced at $1,120 with a 5% and 9% loss in short and higher timeframes. ETH’s price is recording adverse price action and much more downside pressure than…

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value – Mining Bitcoin News

boss

Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value recorded on spot market exchanges. Statistics Show Bitcoin’s Cost of Production Is a Lot Higher Than the Leading Crypto Asset’s USD Value On Sunday, Bitcoin.com reported on Bitcoin’s difficulty rising by 0.51% at block height…

My story of telling the SEC ‘I told you so’ on FTX

boss

“I hate to say I told you so” is a phrase oft-repeated but rarely sincere. It’s a delightful feeling to claim credit for warning about a problem in advance. That’s a liberty I’m taking with federal financial regulators at the United States Securities and Exchange Commission. In January of this year, while serving as a member of the SEC Investor Advisory Committee that advises SEC Chairman Gary Gensler on crypto and other matters, I filed a petition with the SEC. I asked them to open a formal public comment about…

The BIGGEST Crypto Bull Market is Coming! – Huge News!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is why the next crypto bull market will be the BIGGEST one yet! Bitcoin, Ethereum, Solana and many altcoins will be setting new all time highs with prices that will take many people by surprise. In this video we will be looking at: 0:00 – Intro 1:23 – Huge Bitcoin Milestone 1:53 – Global Crypto Adoption 11:43 – One Final Crash? ======================================================= Social Media (all others are fake) 👉🏼 Twitter = 👉🏼 YouTube = ======================================================= Disclaimer Links included in this description…

Bitcoin Recovery Only Temporary As All Roads Lead To $15,000

Bitcoin recovered above $16,000 in the early hours of Monday after hitting $15,600 on Sunday. With the continued trend above $16,000, it is starting to look like the digital asset is finally on a path to recovery but this is not the case. The recovery only shows a temporary stoppage in what is a continuous bleed as momentum continues to drop across the space. This Is Not The Bitcoin Bottom The bitcoin bottom is still highly debated even now. When the digital asset had hit its previous cycle low of…

The Machine Learning Powering Generative Art NFTs

Generative art has been one of the quintessential machine-learning use cases, but only recently has the space achieved mainstream prominence. The leap has been mostly powered by computational gains and a new generation of techniques that can help models learn without requiring a lot of labeled datasets, which are incredibly limited and expensive to build. Even though the gap between the generative art community and AI research has been closing in the last few years, many of the new generative art techniques still haven’t been widely adopted by prominent artists,…

NEAR Slips to 16-Month Bottom, ALGO Over 11% Lower on Monday – Market Updates Bitcoin News

boss

Near protocol fell to its lowest level in over sixteen months, as bearish pressure intensified on Nov. 21. Overall, cryptocurrencies started the week trading lower, following increased speculation on a prolonged market crash. Algorand was another notable token to fall, dropping by over 11% today. Near Protocol (NEAR) Near protocol (NEAR) dropped to its lowest level in over one year, as the token extended recent declines. NEAR/USD fell to a low of $1.50 on Monday, slipping for a sixth straight session in the process. This drop in price has seen…

Bitcoin price levels to watch as traders bet on sub-$14K BTC

boss

Bitcoin (BTC) held steady at the Nov. 21 Wall Street open following a weekly close at levels not seen since late 2020. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering above $16,000 after dipping below the level overnight. Sentiment remained on a knife edge as rumors over crypto business conglomerate, Digital Currency Group (DCG) continued to swirl. Concerns focused on the $10.5 billion investment vehicle, the Grayscale Bitcoin Trust (GBTC), with unsubstantiated talk of possible liquidity problems surfacing across social media.…