Day: December 16, 2022

BTC Below $17,000, as ETH Nears $1,200 Breakout – Market Updates Bitcoin News

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Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum moved closer to the $1,200 level in today’s session. Bitcoin Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of…

Web3 community shares tips for a successful GameFi project

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As the GameFi space continues its journey to attract gamers to a new gaming paradigm, community members shared their takes on what they think a mature GameFi project needs to succeed.  From creating e-sports competitions with huge prize pools to making the game tokens more relevant for the token holders, GameFi community members shared their takes on what the space needs. One Reddit user suggested that GameFi projects need to appeal to several target audiences. This includes whales who will provide funding, earners who are mostly kids and people from…

End Of Litecoin Rally? LTC Plunges 7% In Last 24 Hours

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Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end. Litecoin Drops Hard TodayS But Is Up 20% In The Last Month While the rest of the crypto market was struggling, LTC enjoyed some sharp bullish momentum in the third leg of November, leading some to believe the “pre-halving rally” had begun for the crypto. But the first half of December proved disappointing as the coin mostly consolidated, and now in the last two…

The Hoffman Family Take On A New Broken Down Gold Mining Site! | Hoffman Family Gold

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Hoffman family help out at a brand new gold site with 2 broken down machines – facing a race against time to find gold. From season 1 episode 1. Subscribe to Discovery Australia for more great clips: Like Discovery Australia on Facebook: #discoveryaustralia #hoffmanfamilygold ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Tech Investment Show 2023 | Coinspeaker

 Date: 16-19 February 2023 Time: 10:00 am – 7:00 pm Venue: Queen Sirikit National Convention Centre (QSNCC), Bangkok, Thailand Location Staying on top of the Tech industry and emerging ideas throughout the world right now as investors are confident in SEA’s long-term prospects and are spreading their bets through creativity, passion and knowledge of technology from builders. Tech Investment Show brings Banking, Cloud Funding, Enterprise Financial Software, Investment Management, InsurTech, Payment Technology, Education, Health, E-commerce, Web3, Blockchain technology, cryptocurrency, metaverse, non-fungible tokens, digital assets, etc. It’s crucial to comprehend these…

FTX Files Request to Sell 4 of Its Solvent Subsidiaries

Earlier, FTX made a number of targeted acquisitions that established it as a market leader in the digital currency ecosystem. Bankrupt digital currency trading and derivatives platform, FTX has filed a request with the Bankruptcy Court of Delaware to permit the bidding process for four of its solvent and independently operating subsidiaries. According to the court filing, the beleaguered company hopes to offload Embed Technologies, LedgerX LLC, FTX Japan, and FTX Europe over the next two months. FTX filed for bankruptcy in early November after facing an excruciating liquidity crunch…

No more proof-of-reserve checks? Auditors quietly drop crypto projects from portfolios

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As the FTX collapse highlighted the need for more transparency from centralized crypto exchanges, working with auditors has been the move by top crypto trading platforms to assure users that their assets are fine. However, two of the most prominent auditors have suddenly dropped their crypto auditing services, leaving exchanges hanging at a very crucial time.  At the moment, the official website of the French auditing firm Mazars Group shows that its section, called Mazars Veritas, which is dedicated to crypto audits is now offline. The firm worked with several…

Origin Launches Yield Earnings for OUSD Stablecoin Holders

The interesting thing about the OUSD V2 offering is that the tokens are not locked up and the earnings are not subjected to any form of fees. Origin Protocol, a Web 3.0 infrastructure and innovative products developer, has announced the launch of Origin Dollar (OUSD) V2 as it looks to build on its one-of-a-kind yield-bearing stablecoin products for all. The OUSD V2 protocol introduces a number of new enhancements for the OUSD offering in that it lets all holders of the stablecoin earn competitive yields on their tokens right from…

Solana: This Minor Hiccup Didn’t Discourage Investors From Acquiring SOL

On the day following the implementation by the US Federal Reserve of the 50-basis point hike, Solana (SOL) saw accumulation rather than a sell-off, despite the altcoin’s 4% decline. Prices for Bitcoin and Ethereum and other cryptocurrencies fell on December 14 as reports surfaced that the central bank raised its interest rates. The situation is different now, though. CoinGecko reports that the token dropped another 5% today, with significant declines over the past week, biweekly, and monthly periods. SOL price is currently 135% lower than its intrinsic value. SOL Change…

Crypto Miner Core Scientific Sees Stock Surge 200% on Creditor Offer to Fund Insolvency

Core Scientific experienced a four-day stock surge after one of its creditors offered to pull it out of its financial mess. Core Scientific (NASDAQ: CORZ) recently experienced a 200% stock surge over the past four days. The digital asset minting facilitator and blockchain infrastructure provider has endured difficult times throughout 2022. As the current crypto winter prevails, Core Scientific has seen positive reception from a current creditor regarding a recent financing proposal. Should this deal sail through successfully, the miner might avoid bankruptcy. Core Scientific stock jumped from 13 cents…