Day: December 1, 2022

Bitcoin sees worst monthly close in 2 years as traders watch $16.7K

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Bitcoin (BTC) attempted to flip $17,000 to support on Dec. 1 after sealing its lowest monthly close in two years. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gains inch up as November end Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $17,100 in a second intraday charge at higher levels. The pair managed to avoid losses as the monthly candle closed, instead seeing solid daily gains of around 4.5% for Nov. 30. Nonetheless, Bitcoin shed 16.2% for the month, making November 2022 its worst since 2019. BTC/USD…

Meta Platforms’ Business Lead Says Holiday Sales Came Early

Just as most businesses have slowed their advertisement rates based on the need to cut expenses, Meta Platforms has also done a lot to reduce its overall overhead costs. American metaverse-focused tech giant, Meta Platforms Inc (NASDAQ: META) has seen its holiday sales come earlier than planned, signaling a shift in the overall consumer behavior in the United States. Speaking at the Reuters’ NEXT Conference, Nicola Mendelsohn, Meta Vice President of Global Business said the holiday season triggered early Black Friday sales for the company. According to Mendelsohn, this year’s…

Amazon Sees Record-Breaking Thanksgiving Shopping Weekend in 2022

According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend. E-commerce giant Amazon (NASDAQ: AMZN) has recorded its biggest Thanksgiving shopping weekend this year. This came despite the unstable economy, inflation, and investment losses affecting many. As November ended, the e-commerce company said it saw record-breaking sales within the five days of holiday shopping, between the 24th and the 28th of November. The shopping weekend began on 2022 Thanksgiving day on the 24th and continued till Cyber Monday 2022. Amazon…

Near Protocol to Launch Loyalty Points Program for Grupo Nutresa by Q1 2023

The Near Foundation and Nutresa have a common mission of enabling environmentally sustainable practices. Near Foundation, a non-profit organization focused on financing Web3 projects on the Near ecosystem, will launch a loyalty point program for Group Nutresa S.A. (Bogota: NUTRESA) by the end of the first quarter of next year. According to the announcement, the open-source loyalty program will focus on the Latin American market with a target of a million users. Reportedly, the food processing company will assemble its existing loyalty programs into one user-friendly platform supported by Near…

CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse

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The chief of the United States Commodity Futures Trading Commission (CFTC), Rostin Behnam, claimed Bitcoin is the only crypto asset that can be viewed as a commodity during an invite-only crypto event at Princeton University, reported Fortune. Behnam’s comments are quite a contrast to his early statements in October, where he claimed Ether (ETH) could also be viewed as a commodity. The CFTC chief was answering a question on which crypto assets should be seen as commodities and which ones qualify as securities. The CFTC chief’s backtracking of his comments…

Mint the biggest crypto news stories now!

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The wait is over! After concluding a private sale for waitlist participants, Cointelegraph’s Historical digital collectibles have officially launched. The nonfungible token minting feature is now open for anyone who wants to collect NFTs of articles published by the world’s largest crypto news platform. Starting Dec. 1, all articles published by Cointelegraph can be minted as NFTs on the Polygon blockchain. To collect an article, users must go to cointelegraph.com, select an article and click the “Collect as NFT” button found below the article’s artwork. After clicking the button, users are sent…

Former FTX Boss Speaks at Dealbook Event, Says He ‘Didn’t Knowingly Co-Mingle Funds’ – Bitcoin News

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On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew Ross Sorkin in his first live-appearance interview since the crypto exchange’s downfall. SBF told the Dealbook Summit host that he was “deeply sorry about what happened” and further stressed that he “didn’t knowingly co-mingle funds.” NYT Dealbook Summit Host Andrew Ross Sorkin Questions Sam Bankman-Fried, Former FTX CEO to Appear on Good Morning America FTX co-founder and former CEO Sam Bankman-Fried (SBF) sat down for a long…

BlackRock CEO Reveals Company’s $24M Investment in FTX

BlackRock is definitely not the last company to talk about the impact of the FTX collapse. Investment management company BlackRock (NYSE: BLK) CEO Larry Fink has revealed that the company is also one of the many affected by the FTX incident. According to Fink, BlackRock invested $24 million in the crypto exchange before its crash. It is no longer news that FTX has totally crumbled and is now under investigation by financial watchdogs. The crypto company’s collapse also affected many- including individual and institutional investors. The BlackRock CEO spoke about…

ApeCoin Below $4 Again As Its Treasury Sells Its Own Tokens.

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ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies record significant price increases during the previous 24 hours. In fact, the digital currency that currently ranks 35th in terms of market capitalization has gone down by 3.1% for its intraday performance as it once again fell below the $4 marker. According to latest information from Coingecko, at the time of this writing, the asset is trading at $3.99 and its weekly and bi-weekly gains have now dropped to 15.2% and…