Day: November 22, 2022

Industry expresses confidence in the NFT space amid the FTX collapse

Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter with trading volumes going down by 98%. With the FTX debacle, the once burgeoning space seems to have been hit with the final nail to its coffin. However, executives within the industry are optimistic about the space’s recovery.  With the enormous amount of user funds stuck in the FTX exchange amid its liquidity crisis, users have tried roundabout ways to withdraw their money. One of the alleged methods for withdrawing balances is…

Bitcoin cryptocurrency Blockchain Technology Web 3.0 Bangladesh

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #bitcoin #cryptocurrency #Blockchain #web30technology #banglatutorial Bitcoin cryptocurrency Blockchain Technology Web 3.0 Bangladesh Bitcoin and all cryptocurrencies remain illegal in Bangladesh. Please do not get confused. I know The ICT Division of Bangladesh published a detailed paper on blockchain technology. The paper highlighted many advantages of blockchains in different sectors such as agriculture, commerce, finance and supply chain. That doesn’t mean you can buy bitcoin or cryptocurrency. ব্লকচেইন, ওয়েব ৩.০, বিটকয়েন, ক্রিপ্টোকারেন্সি, বিটকয়েন বাংলাদেশ দয়া করে লোভে পড়বেন না। ICT Division of Bangladesh…

Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change – News Bitcoin News

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Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was “falling behind” on this issue, explaining that most Bitcoin-linked groups fail to even acknowledge the ostensible problem. Greenpeace Blasts Bitcoin’s Lack of Action Greenpeace, the well known environmentalist organization, is criticizing the stance that many Bitcoin-linked companies and organizations have taken regarding the so-called “climate change” phenomena. According to its latest press statement, most of the key…

These Bitcoin Metrics Signal A Capitulation Event Is Near

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Several metrics currently suggest that the Bitcoin price is finally finding its bottom after another capitulation event, possibly triggered by the Genesis/ DCG/ Grayscale saga. This final miner capitulation may be imminent as miners are selling their BTC at the fastest rate since early 2016. In light of the new bear market low, some Bitcoin miners are currently going through arguably the most difficult time ever. The BTC price fell to a new bear market low yesterday at $15,478, putting it in no-man’s land. At the time of writing, Bitcoin…

Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

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Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its holdings of both exchange Coinbase (COIN) and the Grayscale Bitcoin Trust (GBTC). Cathie Wood buys the dip With FTX contagion still rippling through the crypto industry, ARK’s decision to add exposure to two firms caught in the firing line stands out. According to numbers supplied by CEO Cathie Wood’s dedicated tracking resource, Cathie’s Ark, the firm added 176,945 GBTC shares…

ETH INTEREST RATE UPDATE! | ETHEREUM (ETH) PRICE PREDICTION & NEWS 2022!

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Hong Kong believes stablecoin volatility can spillover to traditional finance

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The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of crypto assets, including asset-backed stablecoins, can potentially spill over to the traditional financial system. The HKMA assessment on asset-backed stablecoins pointed out the risks of liquidity mismatch, negatively impacting their stability during “fire-sale” events. A fire sale event relates to a momentary price fluctuation when investors can purchase stablecoins cheaper than their market price — a…

SBF, FTX execs reportedly spend millions on properties in the Bahamas

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The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19 properties in the Bahamas over the last two years. Collectively, these purchases have a worth of over $121 million, according to a Reuters report of the official property records. Among the acquired properties were seven luxury condos. While the residents of the condos remain unknown at the time…