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Day: November 22, 2022
Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K
Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses towards the $15,000 level or even $14,000. Bitcoin Price Revisit $15,500 Bitcoin…
HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme
The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy. HashFlare was a cloud mining company created in 2015, which purported to allow customers to lease the company’s hashing power in order to mine cryptocurrencies and gain an equivalent share of its profits. The company was seen as one of the leading names in the business at the time, but shut down its mining operations in Jul. 2018. However, according to a statement from the…
FTX crisis leads to record inflows into short-investment products
Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional crypto investors for the week ending Nov. 18 were placed in short investment products — essentially a bet that crypto prices will decline. Butterfill said the takeup of short positions by investors is likely “a direct result of the ongoing fallout from the FTX collapse,” while the total assets under management (AUM) for institutional investors…
First Mover Asia: Bitcoin Falls to 2-Year Low on Renewed Contagion Fears
ALSO: Singapore’s central bank is under scrutiny over whether Sam Bankman-Fried’s FTX exchange received favorable regulatory treatment, Sam Reynolds writes. Original
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Solana (SOL) Struggles As Single-digit Price Knocks; Will Bulls Buy Below $10?
SOL’s price lost its demand zone of $20 as the price struggled to hold above $10. SOL’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. SOL’s price looks weak as the price struggles to hold above $10, with the possibility of reclaiming the daily and weekly 50 and 200 Exponential Moving Averages (EMA) remaining bleak. The price action displayed by Solana (SOL) has continued to look like a fairytale, with many traders and investors disheartened, following the collapse of…
Genesis denies ‘imminent’ plans to file for bankruptcy
Cryptocurrency lending company Genesis has refuted speculation that it is planning an “imminent” bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX. The firm has reportedly faced difficulties raising money for its lending unit and told investors it would have to file for bankruptcy, according to a Nov. 21 Bloomberg report citing people familiar with the matter. A spokesperson for Genesis told Cointelegraph that there were no plans to file for bankruptcy “imminently” and that it continued to have “constructive”…
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.” Vitalik Buterin on FTX Meltdown Ethereum co-founder Vitalik Buterin shared his thoughts on the failure of cryptocurrency exchange FTX and former CEO Sam Bankman-Fried (SBF) in an interview with Bloomberg, published Sunday. FTX filed for Chapter 11 bankruptcy on Nov.…
Kya Crypto Market Crash Hone Wali Hai? Bitcoin Latest Price News Today Hindi Cryptourrency Updates
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why bitcoin price is crashing today? Why crypto market is going down today. Cryptocurrency latest news updates today in hindi Email Address: cryptonotes@outlook.com Crypto Notes telegram channel link Join us on Twitter DISCLAIMER, THIS VIDEO IS JUST FOR EDUCATIONAL PURPOSES BASED ON MY PERSONAL VIEWS. I AM NOT A FINANCIAL ADVISER. PLEASE DO YOUR OWN STUDY BEFORE INVESTING IN ANY CRYPTOCURRENCY BECAUSE THIS IS VERY RISKY BUSINESS. I WILL NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS. ▶ Coinbase Website: Coinbase.com ▶ CEX…