Rumors of Alameda liquidating its Solana holdings are sending SOL’s price into free-fall; both Solana and Ethereum-based NFT markets are getting hit hard by the news. Source
FTX and Alameda Contagion Fears Tank NFT Markets
Tag: Markets
Crypto Exchanges Scramble to Compile 'Proof-of-Reserves' as FTX Contagion Grips Markets
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month. Source
‘Long’ Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears
Bitcoin (BTC) and ether (ETH) declined more than 8% in the past 24 hours to reach levels previously seen in early October, putting a gradual recovery on hold. Other crypto majors like XRP, dogecoin (DOGE) and cardano (ADA) slipped over 12%, while solana (SOL) – of which Sam Bankman-Fried is a prominent backer – dropped 25%. Source
Abu Dhabi Fintech Startup Raises $20 Million in Series B Funding Round – Emerging Markets Bitcoin News
Abu Dhabi-based fintech, Pyypl, announced on Nov. 7 that it had raised $20 million in Series B funding and this brought the total of funds raised to nearly $40 million. Pyypl has said it plans to use the recently raised funds to develop and add new features to its proprietary technology. The company further wants to assist “800 million financially underserved smartphone users” from the region through virtual and physical prepaid cards. Pyypl’s Financial Inclusion Journey Pyypl, an Abu Dhabi-based fintech, recently revealed it had raised $20 million in a…
Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%
Bitcoin was recently trading at about $18,400, a more than 11% decline over the last 24 hours. The largest cryptocurrency by market capitalization last fell below $19,000 on Oct. 21. Ether was recently changing hands a little above $1,300, off more than 16% from Monday, same time. Other major altcoins sank by double digits to cap a turbulent day that saw crypto markets sink immediately following the Binance/FTX announcement, rise hopefully and then sink again as investors absorbed the rapid decline of one of the crypto industry’s leading lights. Original
Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’ – Markets and Prices Bitcoin News
Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt risks against those not accumulating partial crypto exposure.” Mike McGlone Thinks Bitcoin and Ethereum May Have Bottomed, Says ‘Cryptos Could Regain an Edge’ According to Mike McGlone, Bloomberg Intelligence’s senior commodity strategist, the top leading…
Coinbase and Kraken experience limited services amid markets turbulence
Both Coinbase’s and Kraken’s platforms were down or experiencing intermittent latency issues on Nov. 8 amid market turbulence, according to users’ complaints on Twitter. The news followed the day’s earlier revelation that crypto exchange Binance intends to acquire its rival FTX. According to Twitter users, services were limited on both exchanges, with issues related to connectivity to the platforms and unconfirmed rumors of halted withdrawals. BREAKING: Coinbase is DOWN! Several services are down right now. Now y’all seeing real bear market dealings — MASON VERSLUIS (@MasonVersluis) November 8, 2022 On…
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets – Finance Bitcoin News
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets ecosystem,” Goldman detailed. Goldman Sachs’ New Crypto Classification System Global investment bank Goldman Sachs announced Friday “the launch of Datonomy, a new classification system for the digital assets market,” in collaboration with global index provider MSCI and crypto data firm Coin Metrics. The announcement details:…
New Digital Collectible Collections Art Gobblers and Keepers Propel NFT Sales 56% Higher This Week – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers and Keepers Collections Give NFT Sales a Push NFT sales have risen during the last seven days as sales volume increased by more than 56% tapping $170.48 million this week. Sales stemmed from 18 different blockchain projects and Ethereum (ETH) captured…
Dogecoin Jumps 116% Higher in 2 Weeks, King of Meme Coins Outperforms Leading Crypto Assets – Markets and Prices Bitcoin News
Dogecoin, the king of meme coins, has been one of the best performing crypto assets during the last 30 days and ever since Elon Musk took over Twitter. Statistics show that dogecoin has risen 116.3% against the U.S. dollar during the last two weeks, and the token has situated itself in the eighth largest crypto market position today. Who Let the Dogs Out? Dogecoin Stomps the Competition by Gathering Triple-Digit Gains in 2 Weeks Dogecoin (DOGE) has seen an incredible jump in recent times and it all started when Elon…