FTX and Alameda Research collapsed in November 2022, causing approximately $8 billion in losses to customers of the now-bankrupt exchange. Source: https://cointelegraph.com/news/ftx-estate-sues-scaramucci-s-sky-bridge-capital?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
Report: Crypto Traders Lean Toward Leveraged Long Positions After Trump Victory
A report indicates that post-U.S. elections, traders are favoring leveraged long positions in perpetuals and futures contracts. Trump’s Victory Brings Stability to Markets According to a new report by Bybit and Block Scholes, market trends in the period immediately after the U.S. elections suggest traders are leaning strongly toward leveraged long positions, especially in perpetuals […] Source: https://news.bitcoin.com/report-crypto-traders-lean-toward-leveraged-long-positions-after-trump-victory/
Ethereum Rockets Past $3,000: A Comeback Story or Short-Lived Rise?
The world’s second-largest cryptocurrency by market cap, ethereum (ETH), has broken back over the $3,000 level this week for the first time since late July. Ethereum’s Meteoric Rise to $3,000 Ethereum’s momentum kicked in after bitcoin (BTC) surged to a fresh all-time high, reaching the $3,000 mark on Nov. 8. ETH hit an intraday high […] Source: https://news.bitcoin.com/ethereum-rockets-past-3000-a-comeback-story-or-short-lived-rise/
Trump Bump or Trump Dump?
As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the […] Source: https://news.bitcoin.com/trump-bump-or-trump-dump/
Cumulative traffic to exchanges increased by 8% in October — report
The election of a pro-crypto President and pro-crypto lawmakers in the United States has brought renewed attention to the crypto markets. Source: https://cointelegraph.com/news/cumulative-traffic-exchanges-increased-8-october-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
If Trump Eliminates 5 Federal Agencies, It Could Revitalize the US Economy
In the wake of his sweeping 2024 election victory, people believe Donald Trump has the chance to reshape the American economy by slashing inefficient government departments, a move that could spark economic prosperity and return power to local communities. Charting a New Course: Trump’s Chance to ‘Restore America’ by Trimming the Federal Government Following his […] Source: https://news.bitcoin.com/if-trump-eliminates-5-federal-agencies-it-could-revitalize-the-us-economy/
Scammer Tried to Hijack Kraken Crypto Account Wearing Rubber Mask of Victim
When trying to regain access to your Kraken account, you may be asked to jump on a video call with a support agent to prove you are actually who you say you are. Last month, the centralized exchange said it caught someone wearing a Halloween-style rubber mask attempting to fool the worker on the other side of the call—but it…
Is Helium mining still profitable?
While Helium mining can be profitable, factors like location, network congestion and HNT price fluctuations influence earnings. Source: https://cointelegraph.com/explained/is-helium-mining-still-profitable?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
NFT Market Bounces Back—Weekly Sales Soar Nearly 15% Despite Major Drop in Buyers
Non-fungible token (NFT) sales ticked upward this week, climbing 14.99% higher than the previous week’s figures in total seven-day sales. Ethereum and Bitcoin Dominate as NFT Sales Rebound Between Nov. 2 and Nov. 9, 2024, NFT sales hit $95.72 million, marking a 14.99% boost over the previous week, which had followed several weeks of declining […] Source: https://news.bitcoin.com/nft-market-bounces-back-weekly-sales-soar-nearly-15-despite-major-drop-in-buyers/
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
DUBAI, UAE, Nov. 8, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.…