Quick Look
DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign...
Avalanche to power Alibaba Cloud’s infrastructure services in Asia
Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend
Bitcoin was consolidating to start the weekend, as prices once again fell below $17,000. The move comes as traders continued to digest the...
Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech
Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first...
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million)....
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in...
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets
The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the...
US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of...
US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and...
Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
PRESS RELEASE. INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty...
DeFi ecosystem still haunted by FTX contagion: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX...
XRP eyes a breakout as lawyer makes a prediction on Ripple case with SEC
Crypto lawyer expects a sweeping ruling in Ripple case with SEC XRP has met resistance at $0.40 The cryptocurrency is bullish but needs a...
While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’
While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous...
Jasmy token attempts breakout at 50-day MA. Should you buy it now?
JasmyCoin has recovered by double digits in a week The token has hit a descending trendline JASMY could correct in line with the...
Cardano predicted a further 60% decline. Does the price action show this?
Crypto analyst Benjamin Cowen expects ADA to fall another 60% The cryptocurrency has been on a downtrend since August amid growing...
Polygon’s MATIC becomes bullish. When to buy the token?
Polygon has onboarded Indian retailer Flipkart for Web3 expansion The native token has hit a resistance A breakout is on the horizon if...
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal...
MEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders
PRESS RELEASE. In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has...
Bitcoin bulls lie in wait as US dollar strength hits 5-month lows
Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open. BTC/USD 1-hour candle chart...
Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day
Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm...
ApeCoin risks 30% crash after APE staking debut in December
The multi-week ApeCoin (APE) market rally is nearing exhaustion owing to a mix of technical and fundamental factors. Fundamental — ApeCoin...
Revising Ethereum Classic after Coinbase plans to end support for the cryptocurrency
Coinbase has earmarked Ethereum Classic as among the tokens to remove from its wallet ETC has been on a clear downtrend since August The...
Coin price predictions: Band Protocol, Litecoin, Bitgert
Cryptocurrency prices crawled back as investors bought the dip. Band Protocol rose sharply as DeFi volume bounced back. Litecoin rallied...
US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices
On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to...
Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price
Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses. Data from on-chain analytics firm Glassnode...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Higher Following US Nonfarm Payrolls Report
Ethereum moved closer to the $1,300 level on Dec. 2, as prices remained near a multi-week high. This comes as the latest U.S. nonfarm...
BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit
Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The...
Data Lake Secures First Blockchain-Based Consents for Medical Data
PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on the blockchain for patients’...
South African Government to Add Crypto Entities to ‘List of Accountable Institutions’
According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto...
ANKR dips by 5% after Ankr’s aBNB suffered an exploit
Ankr’s aBNB token has been exploited, and the project is working with exchanges to halt trading activities. ANKR has lost 5% of its...
Animoca Brands Plans $2 Billion Metaverse Fund to Support Established Projects
Animoca Brands, the parent company of metaverse projects like The Sandbox, has announced it plans to launch a $2 billion metaverse fund....
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation that would allow the government department to...
SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’
Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF)...
Web3 Antivirus Is Now on Guard of Your Digital Assets
PRESS RELEASE. A game-changing Web3 security solution was launched on December 1, 2022. As the digital world is getting more advanced,...
Proof-of-Reserves Are at ‘Best Incomplete, at Worst Misleading and Deceptive’ Says Crypto Analyst Martin Hiesboeck
While many crypto exchanges have seemingly embraced the use of proof-of-reserves (PoR) to showcase their transparency and reassure nervous...
This AI chatbot is either an exploiter’s dream or their nightmare
The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers...
DEX token GMX rallies 35% after beating Uniswap on trading fees for the first time
The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange’s ability to...
MATIC attack: How smart crypto traders “got out” before a 35% price drop
Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors...
Trader Joe takes its first step into the Ethereum ecosystem
Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as...
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year...
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam...
Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry
Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having...
ApeCoin hits resistance after a weekly surge. What next as the staking feature nears?
ApeCoin has returned 18% in a week. The launch of an NFT marketplace and expected staking feature is boosting the token. Further...
Here is the key update causing Chainlink to rally. Is a breakout imminent?
Chainlink has gained by 14% in the week The Chainlink team issued an update regarding its upcoming staking feature The native token faces...
Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity
According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX...
Rostin Behnam points to CFTC-regulated LedgerX as success story amid FTX collapse
Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based...
Fantom eyes a breakout. Is the token about to post sustainable gains?
Fantom token has recovered by 28% in the last seven days Developments around Fantom asset base have boosted the cryptocurrency FTM has hit...
Despite the Former FTX CEO’s Media Tour Many Unanswered Questions Remain
Former FTX CEO Sam Bankman-Fried (SBF) has been talking a lot more since his exchange collapsed a few weeks ago, as he’s spoken at...
Why BTC rose to $17K. Here is the potential price action next
Bitcoin rose on Thursday after Powell’s statement indicated slower rate hikes. BTC price has recovered above the 20-day MA. The...
Party-to-earn: Blockchain breaking down the doors in electronic music community
Electronic music is big business. According to a report by the International Music Summit, in 2021, the electronic music sector was valued...
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The...
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
Bitcoin (BTC) attempted to flip $17,000 to support on Dec. 1 after sealing its lowest monthly close in two years. BTC/USD 1-hour candle...
Socios boss’ goal? To knock crypto out of the park
What is a sports fan’s dream come true? To be the announcer at an AC Milan home game, in front of 75,000 roaring Rossoneri fans? To play a...
Italy Wants to Tax Crypto Gains at 26% From 2023
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year....
Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France
Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter crash on French territory. The accident...
Bitget Takes on World Cup 2022 with Messi to Inject Confidence in Social Trading
The leading exchange expands the team globally as Messi leads Argentina to the round of 16. World Cup 2022 in Qatar is one of the most...
Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023
On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular...
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
The chief of the United States Commodity Futures Trading Commission (CFTC), Rostin Behnam, claimed Bitcoin is the only crypto asset that...
Former FTX Boss Speaks at Dealbook Event, Says He ‘Didn’t Knowingly Co-Mingle Funds’
On Nov. 30, 2022, the former FTX CEO Sam Bankman-Fried (SBF) discussed FTX’s collapse at the New York Times’ Dealbook Summit with Andrew...
BlackRock CEO: FTX Token caused downfall, but tech still revolutionary
The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX...
National Bank of Ukraine Unveils E-hryvnia Concept
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia....
Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times’...
Will UNI rally higher after Uniswap launches NFTs on its network?
UNI is up by less than 1% in the last 24 hours but could rally higher before the end of the day. Uniswap announced a few hours ago...
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian...
Binance Acquires Licensed Japanese Crypto Exchange — Prepares to Enter Japan as Regulated Entity
Cryptocurrency exchange Binance has acquired a regulated Japanese cryptocurrency exchange and is now preparing to enter the Japanese...
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs...
Kraken cuts workforce by 30% in an effort to survive crypto winter
Cryptocurrency exchange Kraken announced on Nov. 30 that it has made one of its “hardest decisions” and is cutting down its global...
Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment
Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might...
Sen. Warren: Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks
Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to...
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement...
Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at...
Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this...
ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil...
Biggest Movers: LTC Nears 6-Month High, as Near Rebounds From Recent Lows
Litecoin has been a notable mover on Nov. 30, as the token edged closer to a recent six month high. Following yesterday’s gains,...
Sam Bankman-Fried Interview Reveals Dark Donations to Republicans, FTX’s ‘Poorly Labeled Accounting’
On Nov. 29, 2022, the crypto supporter and reporter, Tiffany Fong, published an interview with the former FTX CEO Sam Bankman-Fried (SBF)...
Bitcoin, Ethereum Technical Analysis: BTC Moves Above $17,000 on Wednesday
Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers...
Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on...
Football Fever Is Infecting DeFi Project With Excitement
PRESS RELEASE. Doha, Qatar: For the next couple of weeks, over a billion people are glued to the TV every day watching players of their...
Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development
Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program....
Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round
Just over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent...
Digital assets could add $40B a year to Aussie GDP: Tech Council report
Up to $40 billion a year (AU$60 billion), could be added to Australia’s national GDP with the right regulatory framework and could...
FTM soars by 10% after Fantom integrates with Ledger Live
FTM has been the best performer amongst the top 100 cryptocurrencies by market cap in the last 24 hours. The rally comes after Fantom...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the...
SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years
The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the...
Elon Musk Says Apple Has Threatened to Withhold Twitter From App Store as Battle for Free Speech Escalates
Tech giant Apple has threatened to withhold Twitter from its app store, according to Tesla CEO and Twitter chief Elon Musk. The...