On Nov. 20, the FTX Exploiter account began to start shifting the stolen funds once again — totaling 50,000 Ethereum (ETH) valued at an estimated $60 million. The FTX hacker is doing things… They sent 25k ETH to another wallet and have been actively selling into RenBTC over the last few hours. They sold another 3k ETH a few minutes ago. And have sold 18K ETH ($21.7M) of the 25k so far. Can’t we just chill on a Sunday? pic.twitter.com/WLwlU943R9 — Aylo (@alpha_pls) November 20, 2022 Spread… Source link

On Nov. 20, the FTX Exploiter account began to start shifting the stolen funds once again — totaling 50,000 Ethereum (ETH) valued at an estimated $60 million. The FTX hacker is doing things… They sent 25k ETH to another wallet and have been actively selling into RenBTC over the last few hours. They sold another 3k ETH a few minutes ago. And have sold 18K ETH ($21.7M) of the 25k so far. Can’t we just chill on a Sunday? pic.twitter.com/WLwlU943R9 — Aylo (@alpha_pls) November 20, 2022 Spread… Source link

While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov. 19, 2022, as the trading platform holds roughly 582,054 bitcoin worth $9.62 billion using bitcoin’s exchange… Source link

The widening fallout from FTX has impacted the cryptocurrency market. Apex crypto Bitcoin (CRYPTO: BTC) was trading below the $17,000 mark on Sunday. At the time of writing, BTC was trading at $16,567. Pseudonymous crypto analyst Capo predicted this year’s Bitcoin collapse and said it is likely heading to new bear market lows. Capo believes that the current rally in the crypto market is meant to trap bulls, and a Bitcoin drop to lower levels will happen in the near term. In a Twitter… Source link

On Sunday, November 20, the total cryptocurrency market cap is $821 billion, 1.93% lower than yesterday. The market cap of DeFi coins has decreased by 1.83%.  Bitcoin, the leading cryptocurrency, has remained mostly unchanged, up 6% from a recent low of $15,828. Since Bitcoin has been trapped below $17,000 for days, there has been no significant movement in the asset. With trading volumes being so low, this was to be expected to… Source link

Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for wrapped Bitcoin. Data from the popular security resource, PeckShield, revealed that the address that drained funds from FTX is swapping ether for BTC. The “FTX Account Drainer” dumped around $6 million worth of ETH (around 5K ETH) and bought 357 renBTC. Source: Twitter   This is causing pressure on… Source link

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC owner With contagion and fears over a deeper market rout everywhere in Bitcoin and altcoins at present, misgivings are impacting even the best-known — and trusted — crypto industry names. In… Source link

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.” Macroeconomic headwinds are continuously adding to a bearish narrative across all markets, including bitcoin. As of October 2022, bitcoin is down more than 60% since the start of the year, yet bitcoin’s trading volume remains fairly consistent since July 2022. Does that mean the majority of holders are giving up on the prospect of bitcoin and opting to sell? This is a complex topic to dive into, but… Source link