Day: November 25, 2022

Chainlink Extends Accumulation By 200 Days; Will Bulls Push For A Breakout?

LINK’s price retraces to its 200 days range as the price aims for a breakout ahead of its staking scheduled in December 2022.  LINK’s price remains strong as bulls reclaim $6 despite uncertainty in the market traders and investors remain cautious.  LINK’s price bounces from a low of $5.5 on the daily timeframe as the price reclaims $6.5 as price trades below the 50 Exponential Moving Average (EMA) The price of Chainlink (LINK) has had a tough time recently after a successful breakout from its accumulation zone. Still, the price…

10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e – Exchanges Bitcoin News

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A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored in Dormant Wex Wallet Moves for the First Time in Five Years The unknown holder of a bitcoin wallet linked to the now-defunct Wex, once the largest cryptocurrency exchange in the Russian-speaking market, has withdrawn…

Programming languages prevent mainstream DeFi

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Decentralized finance (DeFi) is growing fast. Total value locked, a measure of money managed by DeFi protocols, has grown from $10 billion to a little more than $40 billion over the last two years after peaking at $180 billion. Total value locked in DeFi as of Nov. 2022. Source: DefiLlama The elephant in the room? More than $10 billion was lost to hacks and exploits in 2021 alone. Feeding that elephant: Today’s smart contract programming languages fail to provide adequate features to create and manage assets — also known as…

Trouble in the Bahamas following FTX collapse: Report

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Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.  According to a report by the WSJ, the island nation — which encouraged cryptocurrency companies to feel at home with their “copacetic regulatory touch” — has been rocked by the implosion of FTX.  The Bahamas, which was also hard hit by hurricane Dorian in 2019 and the pandemic shortly afterward in 2020, was already…

601 COINBASE insolvente?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Desarrollador de ethereum propone fecha de salida para la esperada fusión ** Hay eco en el audio por temas de remodelación, … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Defunct Crypto Exchange FTX and Sam Bankman-Fried Facing Fraud Investigation in Turkey

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Bankrupt crypto exchange FTX and its co-founder Sam Bankman-Fried could face fraud charges overseas as Turkish officials probe the former CEO. According to a new announcement by Turkey’s Financial Crimes Investigation Board, Bankman-Fried and the crypto exchange are being investigated for fraud over its recent disintegration. Bankman-Fried is accused of mishandling billions of dollars worth of customer funds by loaning them out to Alameda Research, FTX’s quantitative trading branch. “On November 14, 2022, an investigation was initiated within the framework of the duties and authorities given to our Agency in…

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event – Bitcoin News

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Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters. FTX’s Invitation-Only Island Event Looks Like a Wash While we know that the former FTX CEO Sam Bankman-Fried (SBF) plans to speak at the New York Times (NYT) Dealbook summit, people are…

Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse

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The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can…

American regulators to investigate Genesis and other crypto firms

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Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.  Joseph Borg, Alabama Securities Commission Director, confirmed that its state and several other states are participating in inquiries regarding Genesis’ alleged ties to retail investors, including if Genesis and other crypto firms might have violated securities laws, Barron’s reported. It is still unclear what other companies are being investigated. Borg noted that the investigation focuses on whether Genesis and other crypto companies influenced investors…