Bitcoin price broke the USD 20,500 support and tested USD 20,000. It is currently (11:52 UTC) showing bearish signs near USD 20,100 and is down almost 5% in a day and 3% in a week. Similarly, most major altcoins are moving lower. ETH is down 9% and trading below USD 1,150. XRP is approaching the…
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Blockchain protocol Polkadot (DOT) has announced changes to its governance mechanism in a bid to become more decentralized and censorship-resistant. Dubbed Gov2, the new governance system aims to migrate the responsibilities of the Council, an elected body of on-chain accounts that are intended to represent the passive stakeholders of Polkadot, to token holders…. Read More:…
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Sam Bankman-Fried, the Founder of the crypto trading platform FTX, has warned that more crypto exchange failures “are coming,” and has stated: “There are some third-tier exchanges that are already secretly insolvent.”… Read More: FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’ and Unlikely to Be ‘Saved’ Read more »Pay, Trade, Buy Bitcoin…
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Mark Lamb, CEO of crypto derivatives exchange and yield platform CoinFLEX, has revealed that the “high integrity” individual whose account went into negative equity during recent market volatility is the Bitcoin Cash (BCH) proponent Roger Ver. The revelation came after Ver, who is also referred to as “Bitcoin Jesus,” publicly denied rumors that he had…
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After declining below the USD 21,000 level, BTC stayed above the USD 20,500 support zone and managed to surpass USD 21,000 again. It is currently (11:47 UTC) trading in a range near USD 21,000 and is down almost 2% in a day and up 2% in a week. Similarly, most major altcoins are stuck above…
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Hedge funds that are attempting to make money by shorting the stablecoin tether (USDT) believe in the anti-tether ‘FUD’ (fear, uncertainty, and doubt) that is being spread, despite efforts to increase transparency, Tether chief technology officer Paolo Ardoino has said…. Read More: Tether is Fully Backed, Has ‘Never Failed a Redemption,’ CTO Tells Short…
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Crypto derivatives exchange and yield platform CoinFLEX aims to turn the debt of a “high integrity” individual into a token called Recovery Value USD (rvUSD) in order to fund other customers’ withdrawals. Not everyone is impressed with these plans. The exchange will issue rvUSD 47m at a price of USDC 1 per coin, cumulatively raising…
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A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform. According to Newsis, an individual named only as ‘B’ for legal reasons claimed they had been the victim of a scamming ring. The…
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Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable. The comments came in…
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Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes. A video purportedly coming from the hacker group said that, “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space…
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