Australia’s markets regulator, ASIC, is suing the company for allegedly providing financial services that should be licensed, leaving “consumers without important protections.” Source
Australia's Markets Watchdog Sues Fintech Company Block Earner
Tag: Markets
Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD Coin (USDC) on Nov. 13 into decentralized finance protocol Aave to borrow CRV for selling. The act allegedly sent the price of CRV falling from $0.625 to $0.464 during the week. Fast forward to today, blockchain data shows that ponzishorter.eth borrowed a further 30 million CRV ($14.85 million)…
Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion – Emerging Markets Bitcoin News
Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that this would be an important step for the construction of a common economic space, that would also include cryptocurrency as an important element. Maduro Supports Single Currency Project for Latam Nicolas Maduro, president of Venezuela, has signaled his support for the idea of a single currency for all the countries in Latam as a way of…
Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
Bitcoin (BTC) dropped to the $15,500 level, nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $15,591, close to the 52-week low of $15,554. Bitcoin had settled back to around $15,800 as of press time, down roughly 5% in the past 24 hours. “If the $15,500 level breaks for bitcoin, there is not much support until the $13,500 level, followed by the psychological $10,000 level,” Edward Moya, Oanda senior market analyst for the Americas, wrote…
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020 – Markets and Prices Bitcoin News
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. Crypto Economy Sheds More Than 4% over the last day, Bitcoin Drops Below $16K, Ethereum Slips Below $1,100 Cryptocurrencies had a rough Monday as the entire digital asset market capitalization saw a 4.37% decrease over the…
Crypto Markets Are Suffering – but Is It Really ‘Contagion’?
Sure, this crypto credit contagion is bad, but it’s unlikely to spread to other markets. Crypto Long & Short is CoinDesk’s weekly newsletter featuring insights, news and analysis for the professional investor. Source
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News
Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” Schiff Predicts ‘Bitcoin Still Has a Long Way to Fall’ Gold bug and economist Peter Schiff has warned in a series of tweets about the price of bitcoin falling a long way from its current level. He began by referencing the forecast he made…
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses – Markets and Prices Bitcoin News
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing. Bankrupt Crypto Exchange FTX’s FTT Token Still Trades Above $1 While the FTX exchange collapse is a mess and the new FTX CEO said prior FTX leadership was…
Bitcoin: The Beauty of Mathematics (Part 29)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Time for an update on our #Bitcoin: The Beauty of Mathematics series, which is actually an analysis on the total #cryptocurrency market capitalization by comparing it to our fair value logarithmic regression trend line. No model will tell us exactly when/where the entire asset class will peak, but hopefully it gives us some insight into what is realistically possible. Where do you think the price of #Bitcoin is headed? Let me know in the comments! Into The Cryptoverse Premium SALE: Merch SALE…
Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’
Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView FTX CEO tells of “complete failure of corporate controls” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeing only mild volatility at the Wall Street open. The pair showed acclimatization to events around the FTX insolvency, the latest including revelations that Alameda Research had been immune from liquidation while trading on the platform. After the departure of Sam Bankman-Fried, new CEO John Ray III wasted…