Investors seek to sell FTX, Celsius, BlockFi, Voyager claims
Hedge funds and debt investors have already purchased some of the claims. Go to Source Powered by WPeMatico
Ethereum needs to defend $1,180 to sustain this 50-day ascending pattern
ETH price bulls struggle as futures remain trading below its fair value, signaling excessive demand for shorts. Go to Source Powered by WPeMatico
Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability
Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have on the stability of the exchange market. Analysts have recently linked the situation in peer-to-peer (P2P) crypto markets to the recent drop in the value of the bolivar. Venezuelan Government to Monitor … Read more
FTX founder reportedly cashes out $684K after being released on bail
SBF has allegedly cashed out $684,000 from a crypto exchange in Seychelles while being under house arrest, according to an on-chain investigation. Go to Source Powered by WPeMatico
Nic Carter dives into proof-of-reserves, ranks exchange attestations
Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete. Go to Source Powered by WPeMatico
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he put it, to the … Read more
Solana joins ranks of FTT, LUNA with SOL price down 97% from peak — Is a rebound possible?
SOL price jumped 20% after falling to its worst level since February 2021 with Solana’s technicals suggesting that more upside is possible. Go to Source Powered by WPeMatico
Two crypto-related ETFs were the worst-performing in Australia for 2022
ETFs tracking crypto companies have seen significant drawdowns over the year as a result of major macroeconomic headwinds. Go to Source Powered by WPeMatico
Report: Nigerian Central Bank Spent Over $1.8 Billion Managing Local Currency
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, over 90% of this total was reportedly used to fund expenses associated with the production of banknotes. The Growing Cost of Maintaining … Read more
