Sandeep Nailwal, the co-founder of Polygon, encouraged Solana community members to keep on building. With Solana (SOL) being heavily affected by the FTX debacle, Crypto Twitter expressed sympathy and hopes that its community can make a comeback.  Being one of many coins that FTX CEO Sam Bankman-Fried (SBF) supported, SOL has been hit heavily amid...Continue Reading

A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price. The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash.  Ether turns...Continue Reading

A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH. Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade.  According to...Continue Reading

ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Ether (ETH) price shed roughly 33% between Nov. 7 and Nov. 9 after an impressive $260 million in future contracts longs (buyers) were liquidated. Traders using leverage were surprised as the price swing caused the largest impact since Aug. 18...Continue Reading

Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection. Deepak.eth tweeted that the collection will either be...Continue Reading

A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions. The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test...Continue Reading

Unrealized losses are hitting both long-term and short-term holders this week, with half of the supply underwater in wallets. Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by...Continue Reading

A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media. The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX’s fall. From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at the Bahamas airport to rumors that employees of...Continue Reading

The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously. The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of...Continue Reading

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s...Continue Reading