Prices for FTX Group claims have seen a notable uptick following revelations that the bankrupt crypto exchange is considering proposals from three potential buyers for its inactive exchange. FTX claims’ valuations now range between 50 and 53 cents on the dollar, an increase from last week’s low-to-mid 40 cents range. Cherokee Acquisition Reports Rise in...Read More
Meta Platforms Inc.’s ambitious pursuit of the metaverse concept, championed by CEO Mark Zuckerberg, continues to come at a staggering financial cost. In its recently released third-quarter earnings report, Meta disclosed that its Reality Labs division, responsible for developing metaverse-related technologies, recorded an operating loss of a colossal $3.7 billion. The revelation underscores the steep...Read More
JPMorgan has processed more than $1 billion in daily transactions via its digital asset, JPM Coin, solidifying its position as one of the most extensive uses of blockchain technology by a traditional financial institution. The bank has ambitious plans to expand its utilization further, according to Takis Georgakopoulos, the Global Head of Payments, who also...Read More
There’s no doubt that bullish ETF news was the reason behind Bitcoin’s recent surge, sending its price above $35K. However, BTC price now faces a slight setback in maintaining its momentum following profit-taking sentiment among traders. According to on-chain data, Bitcoin shows robust health in key on-chain metrics, even as traders exhibit anxiety over the...Read More
UNI’s price has seen a substantial upswing in recent days. Alongside this upward momentum, a massive sale of the tokens from an address has sparked fears of yet another potential downturn. The move was unexpected, but UNI’s price has remained largely unfazed by the massive token movement, at least for now. According to on-chain expert...Read More
Till now, in October, Ethereum has seen a surge of more than 20%, revealing the bullish momentum of ‘Uptober.’ Nonetheless, as traders seek to cash in near the peak of $1,860, ETH’s price faces challenges in climbing higher. Yet, the sentiment seems favorable as various on-chain metrics turn bullish, indicating that ETH is poised for...Read More
The price of HayCoin (HAY), the first-ever token floated on the decentralized exchange Uniswap, witnessed a remarkable surge, reaching a peak of $5.5 million per token on Thursday. This massive price increase followed token burning by long-term holders, indicating a notable development in the market. HAY Token Surges to $5.5 Million On Oct. 26, HAY...Read More
[PRESS RELEASE – Dubai, UAE, October 26th, 2023] MultiBank.io, the cryptocurrency exchange arm of the MultiBank Group, the world’s leading financial derivatives institution, is announcing the launch of its innovative “Panic Sell” feature, marking another milestone in its ongoing commitment to enhancing the trading experience for its users. The “Panic Sell” feature is designed to...Read More
[PRESS RELEASE – Cayman Islands, British Overseas Territories, October 26th, 2023] Centralized and decentralized exchange aggregator Orion has revealed its 0% fee model for DEX trades that makes it cheaper than Uniswap. Unlike the majority of DEX platforms, Orion doesn’t impose a commission on trades, allowing users to keep more of their crypto. On October...Read More
The Crypto Fear and Greed Index has soared to levels last seen in November 2021, when bitcoin (BTC) hit an all-time high of more than $69,000. According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71, indicating a greed sentiment among market participants. BTC Investors Have Become Greedy The Crypto...Read More
TIA, the native token of Celestia, the first modular blockchain network, is coming to BitMEX, via our new Tether-margined linear futures listing – TIAUSDTZ23. It is expected to begin trading from 27 October 2023 at 04:00 UTC.For a deeper look at our new Celestia listing, and more on the TIA Token, read on.If you haven’t...Read More
Bitfinex Securities – the specialized platform dedicated to the listing of real-world tokenized securities – announced that its first tokenized bond will be listed in November this year. The new tokenized bond, called – ALT2611 – is a 36-month, 10% coupon bond and leverages Blockstream’s Bitcoin layer-2, Liquid. USDT Denomination For ALT2611 According to the...Read More
Following on from the first instalment in our series, this piece dives deeper into continuation patterns and how to identify flags, pennants and wedges to better inform your trading. What is a Continuation Pattern? Continuation patterns refer to any pattern that indicates signs of price trend continuation. When the pattern appears, you can expect the...Read More
Although defendants in his position are usually advised not to take the stand, SBF will attempt to convince the jury that he was acting in good faith. Defendants in high-profile white-collar criminal cases have traditionally preferred to remain silent, pleading the 5th Amendment in order to avoid self-incrimination. However, in recent years, certain defendants –...Read More
[PRESS RELEASE – San Mateo, CA, October 26th, 2023] Leading web3 community platform, Galxe, and Kroma, Lightscale’s Ethereum Layer 2 solution leveraging ZK Proof technology, today announced their platform integration and strategic partnership. Lightscale, a subsidiary of the renowned game developer Wemade, responsible for iconic game series like ‘Legend of Mir’, has been on the...Read More
With Bitcoin dominance reaching the 30-month high, the overall market finds a fresh breeze of a bull run. Similar to other major altcoins, the AVAX price skyrockets with the recovery season, blooming double-digit returns for the market. Bouncing back from the $8 mark, the Avalanche token buyers regain trend control to rise above the 50-day...Read More
In an intriguing demonstration of cryptocurrency activity, FTX-associated addresses have transferred $10.49 million in different assets to Wintermute’s deposit addresses on Binance and Coinbase within recent hours. According to Arkham Intelligence data, significant amounts of crypto were moved in a sequence of transactions, suggesting FTX’s exploration of investment diversification strategies. FTX Massive Fund Movements According...Read More
