Bitfront is one of several crypto companies that has been forced to cease operations during the year-long cryptocurrency bear market. FTX filed for bankruptcy earlier this month following a liquidity squeeze that spawned out of a 75% corrective phase in the crypto market. Bitcoin is currently trading at $16,400 down from $69,000 this time last year. Source
Ethereum, the world’s second biggest cryptocurrency, has continued its downward trajectory, passing through the $1,200 level. To date, the exchange rate has reached $1,170.49. Data from CoinGecko shows that the coin has been trading at a loss on a weekly basis. Here’s a quick glance at how ETH has been performing: The price of ether is currently below the $1.2k range Investors are preparing to sell, as shown by the high exchange netflows If the bears manage to push beyond the $1,152 support level, the next important support is located at the…
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases. President Nayib Bukele Sued by Salvadoran Nonprofit Cristosal On Nov. 17, Cristosal, a nonprofit human rights organization, announced that it has filed three different lawsuits against President Nayib Bukele, seeking to clarify the origin and transaction information of the funds used to purchase bitcoin. Ruth…
The exchange plans to roll our new products, grow its number of customers, and collaborate with policymakers and regulators across Europe. Coinbase said the EMEA region is “leading the charge” on building sensible regulation for the crypto industry, citing regulatory developments in the European Union (EU), the U.K. and the U.A.E. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io TOUGH WEEK, HUH? It sure has been. Here’s what we overlooked and our plans to correct it moving forward PLUS what the … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
press release PRESS RELEASE. Minimax.Finance integrated the recently launched VERSE DEX to provide the Minimax community with more options for cost-effective swaps on Ethereum network. VERSE pools are also available at the platform. The Minimax team has integrated VERSE DEX into Minimax’s swap section; now Minimax users can enjoy all the DEX benefits, including security and the absence of third-party custodians. This integration has been available at Minimax.Finance since its recent launch on Ethereum. This part of the integration will get extended as the VERSE team launches the DEX on…
Kiln, a startup that allows customers to receive rewards for helping secure the Ethereum blockchain, raised 17 million euros ($17.6 million) in a Series A funding round from a group of investors including Consensys, GSR Ventures and Kraken’s venture capital arm. Source
BTC’s price holds above $16,000 price struggles to break above $17,000, creating more worry for many traders Price remains weak as bears battle bulls, as the price fails to break above $17,500 with so much uncertainty in the market Rejection from a low of $17,000 on the high timeframe noted, as price trades above $16,000 below the 50 Exponential Moving Average (EMA) The price movement demonstrated by Bitcoin (BTC) recently hasn’t given traders and investors much chance to trade with liberty as prices continue in a dead cat bounce with…
Dogecoin rallied towards the $0.108 level against the US Dollar. DOGE is correcting gains and approaching a major support at $0.090. DOGE started a downside correction from the $0.1080 resistance against the US dollar. The price is trading well above the $0.0850 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.090 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair must stay above the $0.088 support zone to start a fresh rally. Dogecoin Price…
In one year, the value of financial losses due to cryptocurrency fraud increased by 32%, according to data from the UK Police Action Fraud unit seen by the Financial Times. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. From October 2021 to September 2022, losses from cryptocurrency fraudsters’ actions amounted to £226 million, which is significantly more than in the same period a year earlier. The number of reported offences alone exceeded…