ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short. Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact...Continue Reading

The latest casualty of the FTX meltdown raises concerns over the Grayscale Bitcoin Trust institutional investment fund. Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Genesis Trading liquidity “exceeded” Data from Cointelegraph Markets Pro...Continue Reading

“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry. Members of the United States’ House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset ecosystem.” In a...Continue Reading

The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust. According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining the decision, the firm cited “unprecedented market turmoil” related...Continue Reading

Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime. Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world. Various research reports have highlighted the use of cryptocurrencies for illicit...Continue Reading

The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance. If FTX is sparking new Bitcoin (BTC) bear market lows, BTC price action has further to fall to match Mt. Gox. Data from on-chain analytics firm Glassnode confirms that the “Mt. Gox bear market” almost...Continue Reading

UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East. Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region. An official announcement...Continue Reading

Crypto exchanges use technology and basic design principles to attract a new wave of users into the crypto ecosystem. Companies become industry giants when they provide the best user experience in the simplest form possible. Google, for example, has the most advanced search engine on the whole planet. And how does it provide that sci-fi-level...Continue Reading

Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain. Matter Labs, the developer behind the Ethereum Virtual Machine (EVM)-compatible zkSync, has received major industry backing as it pledges to fully open source its platform — marking the first such initiative for a ZK-rollup technology.  Matter Labs...Continue Reading

The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda. The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A...Continue Reading