“We do see some really interesting opportunities, priced much more sensibly,” Mathew McDermott, Goldman’s head of digital assets, told Reuters. Goldman sees an increased need for trustworthy players in the industry, which banks see as an opportunity, according to McDermott. Source
Silvergate Capital CEO Alan Lane has slammed “short sellers” and “other opportunists” for spreading misinformation over the last few weeks — just to score themselves a quick buck. In a Dec. 5 public letter, Lane said there was “plenty of speculation – and misinformation” being spread by these parties to “capitalize on market uncertainty” caused in part to FTX’s catastrophic collapse in November. His crypto-focused bank was recently forced to deny one of these so-called FUD (fear, uncertainty and doubt) campaigns last week when there was speculation that the firm…
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners Catch a Break as the Network’s Difficulty Drops 7.32% Lower Bitcoin’s difficulty retarget has dropped, which makes it a bit easier for bitcoin miners to find a block than it was during the two weeks prior. The difficulty change occurred around 8:50:29 p.m.…
Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days. According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands at $129.88 and is in the midst of a 22.5% increase over the previous two weeks. At a glance: Quant has established important support zones of $111.5 and $100 QNT may soon test the $157 resistance territory The altcoin is enjoying a…
Joseph Longo, the chairman of the Australian Securities and Investments Commission (ASIC) is calling for a regulatory loophole to be closed that allowed FTX to acquire an Australian Financial Services License (AFSL) in the country without the full suite of checks. According to a Dec. 5 report from the Australian Financial Review, Longo made the comments while speaking at a joint parliament committee on corporations and financial services on Monday local time. A major topic the committee dug into was of course the recent FTX and Alameda Research meltdown led…
The crypto community appears to be having a ball with ChatGPT, a recently launched Artificial Intelligence (AI) chatbot created by research company OpenAI — using it for a multitude of applications including a trading bot, a crypto blog, and even an original song. The bot is a language interface tool that OpenAI says can interact “in a conversational way” and can be used to answer questions or assist in making almost anything it’s prompted to create, with some limitations. A user on Twitter posted their interaction with ChatGPT showing that…
Litecoin price started a strong increase above the $70 resistance against the US Dollar. LTC is currently consolidating and might aim more upsides above $85. Litecoin started a strong increase above the $65 and $70 levels against the US Dollar. The price is now trading above $70 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $74.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price must clear the $83.20 and $84.65 to start another increase…
Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone. Ethereum attempted another upside break above $1,300, but failed. The price is now trading below $1,280 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct further lower, but the $1,220 support is the key. Ethereum Price Corrects Lower Ethereum…
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This is essentially what we are doing in the CBDC experiments,” he stressed. RBI Official on Cryptocurrency vs Digital Rupee Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar talked about cryptocurrency and central bank digital currency (CBDC) Friday at an event organized by the Indian Banks’ Association…
Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform. Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter. On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo. #Twitter is working on Coins! pic.twitter.com/67upjUn37D…