Ex-FTX CEO Sam Bankman-Fried is still in the spotlight—but not for the right reasons. The SEC and the Department of Justice are investigating the founder and former boss of the collapsed crypto exchange, and the disgraced businessman has been called to testify before the House Financial Services Committee. After billions of dollars of clients’ money went up in smoke in…
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $5K Bitcoin Scenario Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The note outlines a number of…
In brief GameStop has laid off additional employees today, including from its crypto wallet team. The gaming retailer launched an NFT marketplace in July, just after its previous round of layoffs. Video game retailer GameStop has laid off another round of employees today ahead of its upcoming earnings report, according to reports and social media posts from affected individuals. The…
Bitcoin (BTC) price is showing notable resilience at the $17,000 level, and according to data from Glassnode, a number of metrics that track the pace of selling and the on-chain behavior of investors are beginning to show a reduction in the factors that trigger sharp sell-offs. The FTX bankruptcy fueled a historic sell-off resulting in $4.4 billion in realized Bitcoin…
On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume. Seven-Day NFT Sales Dropped 5.23%…
Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange. In a Dec. 5 Twitter thread, Waters cited Bankman-Fried’s numerous media interviews in the wake of FTX’s bankruptcy as evidence that his information…
Democratic Congresswoman Maxine Waters returned to Twitter today to more forcefully compel FTX founder Sam Bankman-Fried to attend the December 13 House Committee hearing on the collapse of FTX. “It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” Waters tweeted. It…
The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down. Source: https://cointelegraph.com/news/nexo-leaving-us-says-country-lacks-clear-regulations
Bitcoin (BTC) bulls regained some control on Nov. 30 and they were successful in keeping BTC price above $16,800 for the past 5 days. While the level is lower than traders’ desired $19,000 to $20,000 target, the 8.6% gain since the Nov. 21, $15,500 low provides enough cushioning for eventual negative price surprises. One of these instances is the United…
Crypto markets appear to be losing some of their recent bullish momentum, but a favorable tailwind from equities markets could catalyze a breakout in Bitcoin and select altcoins. Source: https://cointelegraph.com/news/price-analysis-12-5-spx-dxy-btc-eth-bnb-xrp-ada-doge-matic-dot
