Crypto news

Crypto billionaires are all very pleased with Elon Musk as of late, and they’re very excited that the South African entrepreneur is taking over Twitter. Crypto Billionaires Are Happy with Elon Musk Musk has been turned into something of a villain by democrats and Hollywood celebrities who all claim he’s going to turn the social media platform into a haven for hate speech. By contrast, money hounds in the crypto space have a lot of hope that Musk is going to bring Twitter...

The Commodities and Futures Trading Commission (CFTC) had alleged that Alameda Research was offered a secret “time advantage” when executing trades at the defunct crypto exchange FTX.  The revelation adds to a growing list of claims and evidence suggesting that FTX and Alameda were not nearly as independent as once publicly portrayed.  The Alameda Advantage As reported by Bloomberg, Alameda was able to skirt and sidestep certain aspects of FTX’s trading procedures and...

This week’s CPI announcement was a significant relief for Bitcoin investors, as declining inflation would likely lead to a bullish trend for risk assets. However, there is still room for caution from a technical analysis standpoint, as the price has yet to break any major resistance level. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has finally reached the $18K resistance area and is currently trying to break it to the upside. The 50-day...

Huobi Global – a known cryptocurrency exchange – is denying rumors that it plans to let go of some of its employees. It has also denied rumors that two of its top executives have resigned in recent weeks. Huobi Global: We’re Keeping Our Workers 2022 has been a rough year for crypto. The space has lost more than $2 trillion in overall valuation over the past several months alone, and assets like BTC – the world’s number one digital currency by market cap – have fallen by...

Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and the impact of bankrupt-platform FTX spilling over the crypto trading revenue and client base. The analyst stated that the timing of that is “uncertain.” It is also important to note that the implosion has removed it from the list of possible Robinhood acquirers. Citi analysts...

Since the collapse of FTX, Solana has been moving sideways, consolidating above $12. But now the price action is giving hints that this may change soon, and interestingly, the positivity came a day after SBF was arrested. Solana Price Analysis Key Support levels: $12.5 Key Resistance levels: $15.5 Solana found good support at $12, and the price never went under this key level since November. Buyers now appear eager to take SOL higher and challenge the resistance at $15. While...

Fintech firm Uala – based in the nation of Argentina – is venturing into crypto territory and has stated it will allow customers to trade digital assets like BTC and ETH through its app. Uala in Argentina Is Giving Way to Crypto Trades Valued at roughly $2.5 billion following its last funding round, Uala is becoming one of the largest financial technology companies in South America. Customers that utilize the app will be able to trade pesos for mainstream assets like...

[PR – Singapore, Singapore, 13th December, 2022, Chainwire] Stader Labs, a leading multi-chain liquid staking protocol, has announced that it is launching its liquid staking solution, ETHx for Ethereum. This week, Stader Labs published its vision for Ethereum which sheds light on what to expect. The State of Ethereum Staking Firstly, a glance at the state of Ethereum staking today shows that liquid staking has emerged as the most popular way (33% of all staked eth) for users...

[PR- Singapore, Singapore, 13th December, 2022, Chainwire] We’re one step closer to the first-ever land sale from Crypto.com! For this inaugural collection, there will be three sales periods — Private Land Sale, Early Access, and Public Land Sale. All the information you’ll need for the “Crypto.com Land – The First Frontier” collection sale can be found below. Private Land Sale In conjunction with the Loaded Lions’s first anniversary and to honour the project that inspired...

[PR – Singapore, Singapore, 12th December, 2022, Chainwire] BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games. The fund, supported by the project team, seed investors and members of the BNX community, will be used to invest in on-chain gaming projects that utilize or are experimenting with blockchain technology. BinaryX is also offering advisory services alongside the fund to bolster support for projects under the...