Regarding what could be next for Sam Bankman-Fried and his team, the firm would “shift focus to the US market, where they have been spending disproportionate time in the last few months,” Bernstein analyst Gautam Chhugani said in a note to clients. “However, they lose the cash machine of the FTX international exchange, which was enabling investments in the US entity,” Chhugani wrote, adding that a regulatory presence would also lessen. Source link

Since their emergence, cryptocurrencies have played a significant role in the global financial system. This has resulted in the creation of many different coins, all of which are in a competitive position to provide unparalleled services to their respective user bases. Ethereum (ETH), Litecoin (LTC), and Big Eyes Coin (BIG) are just a few of the cutting-edge platforms that have emerged to help provide greater functionality to the cryptocurrency market. This… Source link

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

On the day of the U.S. midterms and two days ahead of the latest CPI report, Bitcoin and Ethereum have been rattled.  Bitcoin’s (BTC) bullish momentum has faded, with the leading cryptocurrency hitting a new weekly low of $19,563.35, according to data from Coingecko. After staging a modest recovery, Bitcoin now changes hands at around $19,730, down 4.8% over the past 24 hours, suggests data from CoinGecko. The bearish price action accompanied Bitcoin’s daily trading volume rising 48.54% to… Source link

Cryptocurrencies come and go, but the ones that stay relevant with time often have utility behind them. This is why today we will look at some fantastic crypto projects such as Monero (XMR) & Chiliz (CHZ) and find out how they compete in the industry. You will also learn quite a few things about Big Eyes Coin (BIG), enabling you to figure out why everyone is talking about this meme currency right now. So, without much hassle, let’s review… Source link

The crypto market has been hit hard by the unexpected crypto crash that occurred on the 8th of November, 2022. The crash happened after news of the third largest cryptocurrency exchange declared bankruptcy. Many people had assets stored on FTX, so they attempted to withdraw their assets at a large scale. Unfortunately, this was halted, and it is now believed FTX owes creditors up to $3.1 billion. As all significant events affect crypto, this one did too. The mass hysteria caused people to… Source link

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

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE. Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 7% and… Source link

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE. Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 7% and… Source link

Ethereum price is breaking below a significant trend line, hinting at a crash. Transaction data shows that roughly 9 million ETH held by 3 million addresses will slip into “Out of the Money” territory. A four-hour candlestick close above $1,646 will invalidate the bearish thesisfor ETH. Ethereum price shows a lack of buying pressure that has resulted in a slip below a significant support structure. If bulls fail to make a comeback at this juncture, things could… Source link