Markets

Binance US chief Brian Shroder assured his followers on Monday that his exchange is prepared to process every last withdraw customer withdrawal – unlike certain competitors.  He also expanded on his company’s successful bid to purchase Voyager’s assets worth $1.02 billion and bring an end to the defunct crypto lender’s bankruptcy proceedings as soon as possible.  Replacing FTX US In a Twitter thread on Monday, Shroder confirmed that Voyager’s 3.5 million customers will soon...

Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes Up 22,982 ETH, which is worth approximately $27.2 million at current prices, were moved to two new addresses. The emergence of old...

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Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the same day, the executive also commented on the FTX’s collapse, the crypto bear market, and the state of Binance. Shoring Up GBTC In a conversation with CNBC, Sonnenshein acknowledged that the industry is going through a “crypto winter,” which will produce more “regulation” and...

Binance US has entered into an agreement with Voyager Digital to acquire its assets. The bid from the cryptocurrency exchange also means that there’s a path for Voyager customer funds to be unlocked “as soon as possible.” CryptoPotato reported earlier in November that CZ had confirmed that Binance US will be bidding for the assets of Voyager. Today, in an official announcement, Voyager confirmed that the exchange will acquire its assets: “Our bid is a reflection of our...

[PRESS RELEASE – Please Read Disclaimer] Recently, Socios.com, Chiliz’s fan token creator, and several football clubs launched the latest fan tokens. These tokens collectively had their initial launch on the cryptocurrency trading platform MEXC to expand their scale in the secondary market. There are 16 clubs that launched fan tokens, including Everton FC Fan Token, Crystal Palace FT, Leeds United FT, Arsenal Fan Token Atlético Mineiro FT, etc. According to the data on...

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Stellar lumen price is showing bearish signs below the $0.080 resistance zone against the US Dollar. XLM price is now trading below $0.080 and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.0800 on the 4-hours chart (data feed via Kraken). The pair could accelerate lower unless there is a clear move above $0.080 and $0.082. Stellar lumen price is trading below $0.0800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3950 zone against the US dollar. The price is now trading below $0.3800 and the 55 simple moving average (4-hours). There was a break below a major contracting triangle with support near $0.3800 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.3400 support zone. Ripple price is struggling below $0.380 against the US Dollar, similar to bitcoin. XRP price...

Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors. He reiterated his stance that market crashes could be beneficial for the industry because they could eliminate meaningless projects. Buckle up for More Trouble According to Minerd, the domino effect that the FTX bankruptcy triggered might continue in the near future affecting other entities: “There’s another shoe to drop – I...