Day: December 6, 2022

SHIB Falls Whales Move To Other Crypto Assets

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As investors look to consolidate profitable positions, big moves are being made in the crypto market, and recently top Ethereum whales have switched their assets from SHIB to other coins. This move has removed the popular meme coin from their list of top ten assets. Shiba Inu is also feeling the effects of the recent downturn in prices. Investors’ faith in crypto is low due to the FTX crash. However, some investors are still optimistic about the rise of crypto with more adoption and utilization. Vital data from WhaleStats reveal…

US lawmakers request answers from Silvergate over ties to FTX: Report

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Three members of the United States Senate have reportedly penned a letter to Silvergate Bank requesting information about any relationship with FTX and business entities under former CEO Sam Bankman-Fried. According to a Dec. 6 report from NBC News, Senators Elizabeth Warren, John Kennedy, and Roger Marshall sent a letter to Silvergate CEO Alan Lane. The lawmakers reportedly asked the bank to provide details on its relationship with FTX entities in response to “new and disturbing allegations” about its business practices. “Your bank’s involvement in the transfer of FTX customer…

Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon – Blockchain Bitcoin News

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Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to take blockchain gaming to mainstream audiences. Oasys Closes Strategic Funding Round to Expand Its Ecosystem Oasys, a Japan-based, gaming-oriented blockchain project, announced the completion of a strategic funding round on Dec. 6, with the participation of Galaxy Interactive, an entertainment-oriented venture…

Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren

“[There are] reports that Mr. Bankman-Fried ‘secretly transferred some $10 billion of customer funds to his trading vehicle, Alameda Research,’ to fund ‘risky bets,’ violating both U.S. securities laws and FTX’s own terms of service,” said the letter. “We are concerned about Silvergate’s role in these activities because of reports suggesting that Silvergate facilitated the transfer of FTX customer funds to Alameda.” Source

Providing certainty on how we enforce the laws we regulate

A blog by Stephen Eckersley, ICO Director of Investigations 6 December 2022 John Edwards, UK Information Commissioner, recently set out our strategic approach to regulatory action where he said: “Members of the public, and those affected by a breach or infringement, are entitled to know that we have held the business or organisation to account, and that they have changed their practices as a result.” Until today, we would normally publish enforcement notices, fines and summaries of our audit reports on our website. But now we will also publish all…

Santa Came Early In Crypto? Bitcoin Rally May Have Passed

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Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled.  As of this writing, Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview No Christmas Miracle For Bitcoin? In a recent market update, trading…

Santa Came Early In Crypto? Bitcoin Rally May Have Passed

boss

Bitcoin saw positive price action recently but failed to follow through and could remain rangebound for December. The cryptocurrency rose from a new yearly low at $15,500, and market participants were expecting further profits, but the market has stalled.  As of this writing, Bitcoin is moving between $16,900 and $17,100. The cryptocurrency still maintains profits from its previous week, but today’s trading session has leaned towards the downside.  BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview No Christmas Miracle For Bitcoin? In a recent market update, trading…

Bitcoin clings to $17K as ARK flags ‘historically significant capitulation’

Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says. In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC. ARK: FTX scandal may be “most damaging event” ever With BTC price volatility ebbing into December, the industry is still reeling from ongoing FTX contagion. As lawmakers only begin to get to grips with the events, when it comes to Bitcoin, ARK is doubling down on its conviction — and…

MEXC’s Changing for You – The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders

Place/Date: – December 6th, 2022 at 2:51 pm UTC · 2 min read Contact: Jenny Sun, Source: MEXC In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its average daily trading volume has reached an increase of 1,200%. ‘Users first, MEXC’s Changing for you’ has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back…