Ethereum has slipped over 7% on the day as the attacker who purportedly drained FTX wallets dumped a significant portion of their accumulated ETH and traded it for Bitcoin. Over the weekend, per blockchain tracker PeckShieldAlert, the exploiter swapped thousands of ETH for renBTC, a form of wrapped Bitcoin, before swapping the resulting tokens for Bitcoin. According to data from Etherscan, the on-chain Ethereum holdings of the ‘FTX Accounts Drainer’ dropped 26% from 250,735 to 185,735 over… Source link

Ethereum has slipped over 7% on the day as the attacker who purportedly drained FTX wallets dumped a significant portion of their accumulated ETH and traded it for Bitcoin. Over the weekend, per blockchain tracker PeckShieldAlert, the exploiter swapped thousands of ETH for renBTC, a form of wrapped Bitcoin, before swapping the resulting tokens for Bitcoin. According to data from Etherscan, the on-chain Ethereum holdings of the ‘FTX Accounts Drainer’ dropped 26% from 250,735 to 185,735 over… Source link

Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years. The largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the world on everyone’s lips as November grinds on — just like the Terra LUNA collapse earlier this year, fears are that new victims of FTX’s giant liquidity vortex will continue to… Source link

Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years. The largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the world on everyone’s lips as November grinds on — just like the Terra LUNA collapse earlier this year, fears are that new victims of FTX’s giant liquidity vortex will continue to… Source link

The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged. Jakub Porzycki | Nurphoto | Getty Images Bitcoin hovered around a one-week low on Monday and other major cryptocurrencies fell sharply, as the impact from the dramatic collapse of FTX continues to ripple through the market. Bitcoin was down 3.6% to trade around $15,990.89 at 3:40 a.m. ET, according to CoinDesk data. Ether… Source link

Alex Dovbnya Did Canadian programmer Vitalik Buterin just mock Paul Graham’s vague warning about impending doom? Ethereum co-founder Vitalik Buterin recently shared a cryptic tweet that has puzzled the cryptocurrency community. Buterin tweeted that he had heard “through the grapevine” that “something important” was about to happen without going into detail. “Please recognize the fact that my elite social connections to people who are early to know things make me cool, and please help… Source link

Ethereum started another decline below the $1,180 support against the US Dollar. ETH is down over 8% and there is a risk of a move towards the $1,000 support. Ethereum started a major decline below the $1,180 and $1,170 support levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but there is a… Source link

Ethereum started another decline below the $1,180 support against the US Dollar. ETH is down over 8% and there is a risk of a move towards the $1,000 support. Ethereum started a major decline below the $1,180 and $1,170 support levels. The price is now trading below $1,150 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but there is a… Source link

This is an opinion editorial by Dustin Lamblin, a portfolio manager and AI quantitative researcher. When people work, they trade their personal time on Earth in exchange for money. As the old adage goes, “Time is money.” When people lose control over their money, they give up their most precious resource they have in their limited time on Earth: the control of their time and thus, their freedom. Unfortunately, this nightmare is a reality for billions of people around the world. People get… Source link

Bitcoin price is slowly moving lower towards $15,500. BTC remains at a risk of more losses unless it settles above the $17,000 resistance zone. Bitcoin started a fresh decline below the $16,500 and $16,400 levels. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if there is a move above the… Source link