Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.A new report has surfaced about a capital injection of over $1.15 billion that was carried out by Sam Bankman-Fried‘s Alameda Research. This was prior to the time that crypto prices began heading for the rocks. According to the report, the capital, which is Alameda Research’s biggest venture investment to date, was put into Bitcoin mining firm Genesis Digital Assets. Although, according to another...
Read More »Stellar Lumen (XLM) Price Stuck In Range, Can Bulls Clear This Hurdle?
Stellar lumen price is showing bearish signs below the $0.090 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.090 and $0.092 resistance levels. Stellar lumen price is trading below $0.0920 against the US Dollar, similar to bitcoin. XLM price...
Read More »Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of the industry. This was LBank’s second event in Miami after exhibiting at the Bitcoin 2022 conference earlier this year. ‘LBank & Crypto Friends’, hosted on November 28th, served as a buffer between conference days, giving many attendees a chance to unwind...
Read More »Esquisse historionomique de Bitcoin par analogie au protestantisme
Esquisse d’historionomie Le but de cet article – qui fait suite à Parallèles qualitatifs et quantitatif entre Bitcoin et le protestantisme – est de tenter de faire des analyses prédictives de l’évolution de l’histoire de Bitcoin. Il n’est pas question de savoir si Bitcoin sera interdit dans un pays donné à une date donnée, mais plutôt d’établir quels seront tendanciellement les types d’interactions (agressives, conciliantes…) entre Bitcoin et les entités de...
Read More »Ripple Price Analysis: Bears Active Near $0.40
Ripple price started a fresh decline from the $0.4100 resistance against the US dollar. The price is now trading near $0.3940 and near the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a fresh increase if it clears the $0.400 and $0.410 resistance levels. Ripple price is struggling below $0.410 against the US Dollar, similar to bitcoin. XRP...
Read More »Bybit to Lay Off 30% of Workforce Amid Colder Crypto Winter
With bitcoin firmly standing below $20,000, it’s visible that the bear market still remains in the spotlight, which harms native businesses. Miners and exchanges have been hit the hardest. Amid numerous trading platforms laying off staff members, the latest to join this trend is Bybit. Bybit to Cut Off 30% of Staff The overall cryptocurrency landscape is significantly different than what it was a year ago when prices were riding high, and there were new ATHs charted...
Read More »Crypto Fan Elon Musk Now Fully Controls Twitter
Crypto bull Elon Musk now officially owns Twitter. As one of the largest and most powerful social media platforms in the world, the deal cost approximately $44 billion, which is probably a drop in the bucket for the world’s richest man. Twitter and Musk… The Perfect Match? One of the first orders of business was to fire Twitter’s CFO Ned Segal and its chief executive Parag Agrawal, who took over when initial CEO Jack Dorsey announced his resignation last November. Musk is now the official...
Read More »How Wide Does FTX Contagion Spread? The Affected Companies So Far
The collapse of the cryptocurrency exchange FTX will go down as one of the darkest moments in crypto’s history. The company experienced severe liquidity issues in November and couldn’t honor the withdrawal requests of its customers. Binance – the world’s largest crypto platform – was ready to acquire the exchange but, after auditing, walked away from the agreement. FTX could not find a solution and filed for Chapter 11 bankruptcy protection, while CEO Sam Bankman-Fried...
Read More »Is Crypto Volatility Over for 2022?
Over the past few weeks, many crypto analysts have claimed that the prices of the world’s largest and most mainstream assets have become “boring” in many ways. Bitcoin, for example, has seen a real dip in its volatility over the past month or so, and the asset continues to hover at around $20K. Sometimes it’s slightly up and sometimes it’s slightly down, but the range has remained relatively consistent. Could Volatility Finally Be Standing Still? This has been the sentiment for some time,...
Read More »Buterin: It’s Not the Time for a Crypto ETF
Vitalik Buterin – the man behind Ethereum, the world’s second largest digital currency by market cap and the number one competitor to BTC – has announced that he doesn’t think right now is the best time for a crypto-based ETF (exchange-traded fund). Vitalik Buterin: It’s Not the Time for a Crypto ETF To be fair, such a product already exists. It was introduced by Pro Shares during autumn of last year, and it stirred heavy controversy by being based on futures technology rather than actual...
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