You thought we’d talk more about FTX huh, didn’t you? We will, but not this week. CoinDesk published its annual Most Influential series on Monday, highlighting a number of regulators, lawmakers and similarly impactful individuals. I spoke to Carole House, one of the authors of the White House executive order on crypto, to take a look at the document, its origins and where we are now. Source
Nearly a quarter of the New York-based bank’s $103 billion in total deposits, or roughly 23.5%, came from the crypto industry as of September 2022. But given the recent “issues” in the space, Signature will reduce that amount to under 15% eventually, DePaolo said. Source
In other updates, Marathon said it reduced its revolver borrowings to $30 million from $50 million and – after mining 472 bitcoin in November – has 4,200 unrestricted bitcoin and 11,757 total bitcoin as of Nov. 30. That 472 bitcoin mined last month was down 23% from October thanks to higher energy costs and lower bitcoin prices that affected its King Mountain site in Texas. Source BankruptBitcoinComputeDepositexpectsMarathonMinerNorthRecover CryptoX Portal
Cryptocurrencies tied to national soccer teams have failed to keep the attention of 2022 FIFA World Cup fans, with many soccer-linked fan token prices plummeting since the tournament began. Between Portugal, Spain, Brazil and Argentina, the associated digital fan tokens have fallen between 60% to 88% percent in price since the start of the World Cup on Nov. 20, according to CoinGecko. This is despite Brazil, Argentina and Portugal reaching the quarter-finals, while Spain was a strong contender up until they were knocked out on Dec. 6. The tokens do generally react…
The Axie Infinity price has skyrocketed in the past week; the altcoin has secured close to 40% appreciation. On the daily chart, AXS registered a 4.8% spike. This positive price sentiment can be tied to the recent developments within the AXS ecosystem. Axie Infinity’s community made its first move into developing the project into a decentralized future just a day ago. According to the technical outlook, buyers have made a strong comeback in the market. This has caused major accumulation over the past trading sessions. AXS formed a tall green…
Calling the bottom in Bitcoin is no easy task. Prices tend to fall more dramatically and faster than anyone is prepared for and is the investing equivalent of catching a falling knife. Yet if anyone is equipped to accurately call the bottom in crypto, it would be Charles Edwards, fund manager and Bitcoin fundamental expert, responsible for creating some of the most famous tools in crypto. Meet The Creator Of The Most Profitable Bitcoin Buy Signal Although you might not know Charles Edwards by name, you might have heard of…
The crypto market is currently undergoing a series of unfortunate events. From the crash of stablecoin Terra to the fall of Celsius, it has been a gloomy year for crypto investors. More recently, the capitulation of the Bankman-Fried-led popular exchange FTX has further amplified this negative trend. In addition, exchanges like Gemini and Coinbase have laid off a significant chunk of their workforce. According to Glassnode reports, the collapse of FTX has led to one of the largest; deleveraging events in the history of crypto. As a result, the market…
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property Rights Over NFTs A court in Hangzhou, the capital of the eastern Chinese province of Zhejiang, has reviewed a dispute between a client and a local digital art platform which canceled a sale of NFTs…
The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen by nearly 75% this year. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Source
Since the first few months of 2022, Bitcoin and crypto space has maintained a bearish trend, though there were a few spikes to recall. Several markets, including the stock markets, are still facing a crisis. Unfortunately, there are no signs of a reversal in the interim. Moreover, several investors, financial experts, and institutions still wonder whether or not the market will recover soonest. BTC’s Return on Investment (ROI) is still very high. But it currently shows a -74.96% drop from its all-time high in November 2021. The bearish price movement…