Today at Chaintalk News

December 8, 2022

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Baby Doge Coin Spikes Briefly on This New Listing

New crypto exchange has added support for BabyDoge meme token
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Binance U.S Expand ‘Zero Fee’ Pricing Model to Ethereum

The United States arm of leading digital assets service provider Binance has now eliminated trading fees for Ethereum (ETH) The post Binance U.S Expand ‘Zero Fee’ Pricing Model to Ethereum appeared first on Blockchain, Crypto and Stock News .
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XRP Price Bucks Market Trend As Whales Move 161 Million Tokens

The XRP price is currently bucking the general market trend and is recording a small gain of around 2% over the last 24 hours. What is noticeable are massive movements by whales over the past few hours. The cryptocurrency market is on shaky ground given the macroeconomic headwinds and the still not fully digested shock from the FTX collapse. However, XRP investors don’t seem to care at the moment. On the other hand, data suggests that possibly whales have played their part in this development. XRP Whales Surface As the popular cryptocurrency tracker Whale Alert reports, a total amount of 160.6 million XRP was transferred over the past 24 hours. One transaction in particular is causing quite a stir. According to WhaleAlert, Ripple transferred 50 million XRP from one of its wallets to an unknown wallet. The transaction is currently the subject of a heated debate, with some believing that Ripple may sell some of the XRP they hold. 🚨 50,000,000 #XRP (19,289,010 USD) transferred from Ripple to unknown wallethttps://t.co/72jMidOgOL — Whale Alert (@whale_alert) December 7, 2022 An analysis using Bithomp shows that the cryptocurrency was moved to another wallet of the company (RL18-VN), which is normally used to move or sell the token outside the company. Related Reading: Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside In addition, whales transferred 35.6 million tokens from Bitstamp to an unknown wallet, as well as 40 million XRP worth about $15.3 million to the European exchange Bitstamp. The Bitso exchange is one of Ripple’s oldest On-Demand Liquidity (ODL) partners, covering one of the most important payment corridors in Latin America: U.S.-Mexico. The Bitstamp whale is linked to the U.S. exchange Bitrex, from where the transfer was made. Remarkably, these whale transactions follow an even much larger series of transactions totaling 4.1 billion XRP yesterday, Wednesday. According to WhaleAlert and Bithomp, these tokens were transferred from Bittrex to Uphold, divided into 10 transactions with a maximum size of 500 million units. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #XRP (188,355,483 USD) transferred from #Bittrex to unknown wallethttps://t.co/IkmoFxoP3Y — Whale Alert (@whale_alert) December 7, 2022 The reason behind the transfer is unclear, though it does not look like the transaction was made by an individual. XRP/USD Shows Strength At press time, the XRP price was sitting at $0.3859. The 24-hour trading volume currently hovers around $712 million. With a market cap of $19.4 billion, XRP remains the seventh largest cryptocurrency. Related Reading: ‘Wolf Of Wall Street’ Advises Crypto Investors To Hang On To Bitcoin And Ethereum In the 4-hour chart, the price of the token has managed to continue its uptrend after the FTX crash. Yesterday, the price marked a new higher low, confirming the uptrend. For the moment, the most important resistance zone remains the area between $0.41 and $0.42. However, at the current price, XRP is still below the 50, 100 and 200 simple moving averages (SMAs). For the bulls, it will be important to defend the uptrend line in the coming days.
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Bitcoin Price Prediction as BTC Falls Below $17,000 – How Low Can it Go?

The BTC/USD pair is trading sideways, maintaining a narrow range of $16,750 to $16,900 on December 8, but Bitcoin price prediction remains bearish following the breakout of an upward channel. Bitcoin has dropped 75% this year from its previous high of $69,000. However, the cause of these massive drops could be attributed to various factors. ... Read More: Bitcoin Price Prediction as BTC Falls Below $17,000 – How Low Can it Go?
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ECB Exec Calls For Ban of Energy-Intensive Crypto Assets

Fabio Panetta, an ECB board member, any crypto asset that is energy-intensive and impacts negatively on the environment should be banned The post ECB Exec Calls For Ban of Energy-Intensive Crypto Assets appeared first on Blockchain, Crypto and Stock News .
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Bitcoin-Backed Loans

Bitcoin lending is the future of DeFi, settled in the most robust blockchain. Here’s how it works and what you can do to get a bitcoin-backed loan.
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2022 – Crypto Markets: A Year in Review

2022 has been a difficult year for cryptocurrency. Coming off euphoric highs from the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of new projects like TerraLuna, bankruptcies of CeFi companies like Celsius and Voyager Digital and a climactic downfall of the FTX exchange.
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Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened

A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), Bloomberg reported. Judge Martin Glenn delivered the order verbally in a hearing on Wednesday. Per the report, this cryptocurrency “never touched the lender’s interest-bearing accounts to its customers.” The order applies to crypto that was worth roughly $44 million in September - but notably, the lender owes billions to its users.... Read More: Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
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cointelegraph

Wemix delisting saga continues at South Korean court

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.

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Wemix delisting saga continues at South Korean court

Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
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San Francisco Fintech Firm Plaid Layoff 20% of its Staff

California-based fintech giant Plaid announced plans to lay off 260 members of its team which is approximately 20% of the entire company The post San Francisco Fintech Firm Plaid Layoff 20% of its Staff appeared first on Blockchain, Crypto and Stock News .
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First Mover Americas: Mr. Bankman-Fried Must Go to Washington

The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 8, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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ADA Arrives on Ledger Stax, Cardano Founder Excited

Ledger has been strong Cardano backer
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Coinbase CEO Predicts More Than 50% Revenue Decline in 2022

Brian Armstrong Coinbase CEO believes that his firm's revenue will plunge below 50% of its 2021 value as the bearish market persists The post Coinbase CEO Predicts More Than 50% Revenue Decline in 2022 appeared first on Blockchain, Crypto and Stock News .
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Arweave Price Prediction 2022 — Will AR Hit $50 Soon?

In Arweave’s (AR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about AR to
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Elon Musk Asked To Explain China’s Involvement In Twitter

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Ethereum (ETH) Price Prediction: Huge Whale Activity Behind Latest Short Rally?

Ethereum (ETH) Price Prediction News: The top 2 cryptocurrency is standing out as an outlier in an otherwise stale cryptocurrency market on Thursday. While the majority of assets are largely flat, ETH is up by 1.16% in the last 24 hours. This is raising speculation around a minor rally to push the cryptocurrency’s price beyond The post Ethereum (ETH) Price Prediction: Huge Whale Activity Behind Latest Short Rally? appeared first on CoinGape .
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Sen. Warren Calls To Inspect Banks’ Ties With Crypto Following FTX Crash

FTX Crash Updates: Global regulators have been calling to implement strict laws over the cryptocurrency industry in order to safeguard investors from fraud and scams. The collapses of digital assets like LUNC, and TerraUSD, and the FTX crypto platform have made it more certain for the watchdogs to act now. FTX crash to impact large The post Sen. Warren Calls To Inspect Banks’ Ties With Crypto Following FTX Crash appeared first on CoinGape .
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US Rep Maxine Says A Subpoena On FTX’s Sam Bankman-Fried Is “On The Table” As Calls For His Probe Intensify

House Financial Services Committee Chair Maxine Waters has confirmed they will subpoena Sam Bankman Fried (SBF) if the disgraced ex-FTX CEO fails to turn up for a probe session at Capitol Hill following an earlier “request.” Waters made the comments earlier today while responding to claims that she did not plan to subpoena Sam to
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Analysts suggest dropping The Sandbox (SAND) and Quant (QNT) for Orbeon Protocol (ORBN)

Cryptocurrency markets are in a volatile state, with prices swinging dramatically every day. For anyone looking to get involved in the cryptocurrency craze, it can be difficult to know what is actually worth investing in. In this article, we will compare Orbeon Protocol (ORBN), a novel investment platform forecasted for 6000% growth in presale, with … Analysts suggest dropping The Sandbox (SAND) and Quant (QNT) for Orbeon Protocol (ORBN) Read More »
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Solana Price Falls Below $14 – Does This Signal A Gloomy Week For SOL?

In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX. As of this writing, all time horizon indicators for Solana’s native token SOL are red. Since succumbing to market contagion, Solana has continued to bleed Using bearish metrics and technical indicators, we may anticipate a more negative outlook. The token and ecosystem of SOL are not looking good according to other indicators. As per LunarCrush’s data, both social media mentions and engagements are declining. Messari adds that the asset’s unappealing volatility and low returns make it less attractive to investors and traders. What will happen to SOL now that its price has dropped below $14? Will it pull out of the dark or sink much lower? Related Reading: Up Or Down? What To Expect From Solana (SOL) In The Homestretch Of 2022 Solana Price Trajectory: Below Its Target The coin has been trading around $13.5314, well below the bullish aim of $14 and $15. Recent weeks have seen SOL bulls aiming for this level. It all starts on November 15 when bulls attempt to reach $15 but fail. After these attempts, the price fell below $14, where it has remained ever since. Due to bearish technical indicators, it is unlikely that SOL will surpass the $14 or $15 barrier level. On a timescale of four hours, the token’s RSI values are neutral and declining. The bearishness of SOL is further corroborated by its MFI, which is likewise declining. Although the token’s Bollinger band is rather wide, the moving average of is acting as resistance at $13.8150. In spite of this, a positive price pullback may still be warranted, as the prior price movements were in sync with the bullish XABCD harmonic pattern. If momentum permits, the price pullback objective will be $14 with a probable aim of $15. With negative technicals, however, bulls can rely on the $13.3081 support to help maintain sideways momentum and as a potential rally launching point. SOL Bears Are Everywhere Although the support has been resilient against the bears’ previous assaults, a breach of the $13.3081 support might send the price below $13.0951. Overall, SOL will not rebound in the near future. There is a greater probability of a negative breakout in SOL, so investors and traders should tread carefully. Related Reading: Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target? SOL total market cap at $4.6 billion on the daily chart | Featured image: Freerange Stock, Chart: TradingView.com
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Swissquote to function in Cyprus; receives a license from CySEC

Swissquote, a Swiss banking group, took to Twitter to announce their new setup of Swissquote Capital Markets in Cyprus. Yesterday, the Cypriot subsidiary of Swissquote Capital acquired the license from CySEC,. With this new opening in the European Union, Swissquote aims to expand systematic and successful foreign exchange trading in the European territory. Following its …
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Three most popular newly-listed cryptocurrencies to watch

Investors still seem to be showing interest in the possibilities of newly listed digital assets, even though the cryptocurrency market … Continued The post Three most popular newly-listed cryptocurrencies to watch appeared first on Finbold .
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Cardano (ADA): The inspiration behind ETH’s PoS transition!

Cardano was the first blockchain in the top 10 cryptocurrencies to utilize the power of proof of stake. While the principles and novel idea of implying proof of stake have differed in the past, the outlook for the token has remained under the Ouroboros protocol. The claimed energy efficiency isn’t the best in the market …
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Eightcap notes increase in crypto derivatives trading

November left its mark on crypto investors worldwide. After leaked Alameda Research’s (FTX’s sister hedge fund) balance sheets revealed billions of dollars’ worth of FTX’s own token FTT was held by the fund. The token was then used to furnish further loans to add to the shock. If FTT was to suddenly drop then both
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Binance Labs to Conduct Private Round II for GoPlus Security

Binance Labs, the venture capital, development, and incubation division of Binance, has confirmed that it is conducting a private round II for GoPlus Security. GoPlus Security – Trusted Web3 Security Provider GoPlus Security is a trusted provider of Web3 security apparatus that uses comprehensive risk detection to protect the majority of the significant blockchain networks and create a more secure Web3 ecosystem. A framework for real-time, dynamic, and automatic security monitoring has been created by GoPlus Security that addresses token, NFT, malicious address, authorization security, contract safety, and dApp security. In order to create a genuinely decentralized security platform, the The post Binance Labs to Conduct Private Round II for GoPlus Security appeared first on Cryptoknowmics-Crypto News and Media Platform .
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Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented. Blockchain analytics firm Nansen also released data today showing the growth of layer-2 solutions. Specifically, Nansen referred to Abritrum. “Arbitrum season is in full swing,” wrote a researcher at Nansen. According to their data, transactions on L2s are increasing significantly, while transactions on Ethereum are decreasing. A clear divergence can be seen. Regarding Arbitrum, the Nansen researcher writes that the number of daily active addresses averaged 50,000 to 70,000 in November and December. A few months ago, from July to September, the average was 15,000 to 20,000. With the recent Nitro upgrade, Arbitrum has once again massively lowered its average gas price for a transaction. While the average fee was $0.35 before Nitro, it has dropped to $0.08 afterwards. This represents a reduction of almost 75%. Related Reading: Ethereum Price Nears Breakdown Support, Can Bulls Save The Day? However, although Arbitrum’s network usage is skyrocketing, there is no token yet. So far, there is also a lack of an official announcement regarding an Arbitrum token. Rumors have it that Arbitrum will launch its token by the first quarter of 2023 at the latest. The ticker is supposed to be either ARBI or ARB. The Leading Ethereum L2 Solution As NewsBTC reported yesterday, Polygon (MATIC) currently holds the leading position when it comes to successful Ethereum L2 tokens. The project has entered partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others. Sandeep Nailwal, co-founder of Polygon, revealed yesterday that the zkEVM mainnet “is coming soon”. With the implementation, Polygon will reach a massive milestone. Once the zkEVM mainnet comes online, there could be an explosion of dApps on Polygon. Zero-knowledge cryptography will enable privacy and minimize data volumes to make transactions for smart contracts even more efficient. Related Reading: Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder BitDAO And Optimism Another emerging L2 project is BitDAO, which is backed by the exchange Bybit. About a week ago, the project had announced the soft launch of Mantle, a modular Ethereum Layer-2 solution with separate execution, finality and data availability layers. A public test network is scheduled to go live in 2023. It will serve as the core of BitDAO and use BIT as a token. Optimism also has a token. The L2 Ethereum scaling solution was first introduced in June 2019, and the public mainnet was launched in December 2021. The OP token’s airdrop took place in June 2022, with nearly 249,000 registered Optimism users receiving the newly launched token. Remarkably, the project’s mainnet is currently hosting the largest decentralized exchange, Uniswap V3. At press time, the ETH price was sitting just above crucial support in the 4-hour chart.
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‘Wolf Of Wall Street’ Advises Crypto Investors To Hang On To Bitcoin And Ethereum

The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out. The adverse event has brought the leading coin, Bitcoin, down by around 75% from its peak price of $68,789. BTC currently trades at $16,823. Notwithstanding, Bitcoin is still more promising than the rest of the altcoins. Therefore, several experts still believe prospective crypto investors can opt for BTC now, as it projects a positive future. Related Reading: Bullish Sentiment Spikes As Axie Infinity Price Propels 9%, What’s Next For AXS? As for the Ethereum token, its price change in the past 24 hours is -1.94%, with a trading price just above the $1,200 mark. Ethereum is also believed to be profitable in the long run, given its transition to 2.0 and potential to revolutionize the web. Bitcoin And Ethereum As Profitable Investment Options Meanwhile, a recognized stockbroker, Jordan Belfort, has expressed his thoughts concerning the profitability of Bitcoin and Ethereum. In his comment, he stated that both digital tokens are the safest to venture into. He admonishes crypto investors to get into the ecosystem with little capital. This is because of the unpredictable risks and volatility of these digital tokens. He further shared some lights on the recent FTX incident. He cited that investors couldn’t identify the scam of the exchange. But this is not a yardstick to disregard investing in Bitcoin and Ethereum. The stock broker also announced that his BTC holdings are still intact, with more purchases already made. His actions are backed by the belief that BTC will bring a huge ROI in a decade or less. ‘Wolf Of Wall Street’ On Crypto Adoption Belfort, also known as the “Wolf Of Wall Street,” shared information on his past dealings. At the time, most of its dealings were connected to the fading “Great Fools Theory.” This theory proposes high prices due to the overpriced securities sold to so-called greater fools. Such transactions occur regardless of the securities’ value and continue until the market is devoid of greater fools. The name The Wolf of Wall Street was inspired by the popular 2013 movie – The Wolf of Wall Street. It’s a movie written by Terence Winter and directed by Martin Scorsese. Its storyline centered on Jordan Belfort of 2007, who displayed great passion as a stockbroker in NYC (New York City), United States. Related Reading: Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder Getting into 2021, the stock broker observed the rapid development of Bitcoin and eventually opted in. During the period, Belfort had hoped that the price of BTC would surge to $100K before 2021 wrapped up. His reason was based on the fixed max supply of tokens, which has remained at 21 million coins. Although the expectation was never met, his hopes are still high, which is evident in how he speaks highly of the coin. According to him, investors should not expect Bitcoin to yield sudden profits. Instead, it’s better to venture into the coin with a long-term mindset to make the most out of it. Featured image from Pixabay, chart from TradingView.com
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Hop Protocol to soon debut on zkSync 2.0

Matter Labs has published an official blog post to inform the community that the plan to bring Hop Protocol live on zkSync 2.0 is in the pipeline. A tentative timeline is awaited; however, the objective will be to strengthen further the dream of increasing personal freedom by making Ethereum scalable and accessible to a larger …
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Do Kwon Says Alameda Instigated Terra’s Downfall-Suggests FTX’s Collapse Is Deserved

Do Kwon has accused FTX’s founder Sam Bankman-Fried and Alameda Research of manipulating the market, leading to the collapse of TerraUSD in May.
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Nigeria Limits ATM Withdrawals to $225 Weekly in a Bid to Boost CBDC Adoption

As of January, 2023, Nigerian residents will be allowed to withdraw $45 per day and $225 per week from ATMs.
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ETH Staking yield swap goes live on BitMex

BitMex brings the first-ever staking yield of ETH on its platform. The project goes live on December 08, 2022, at 04:00 UTC. Once live, users will be able to trade and speculate the staking rate of ETH every day with up to 2x leverage. Termed as a new breed of crypto derivative, the ETH staking …
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Mimic Shhans wins community voting on KEY3.id, .minic DID available for minting

KEY3.id, a Decentralized Naming System based on the Ethereum chain initiated Blue-Chip NFT bound domain name voting campaign on December 5th and generated great social buzz in many Blue-Chip NFT communities. After 4 days of intense competition, the Mimic Shhans community ranks top with 1059 votes, making .mimic DID available for minting immediately. The second
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Block Mate Is Instigating Quick and Easy Crypto Buys

Crypto firm Block Mate Ventures has launched a new platform that will allow its customers to engage in instant crypto transactions. Traders and investors can log onto the website and instantly purchase assets like bitcoin and Ethereum in mere minutes or seconds. Block Mate Ventures Seeks to Make Crypto Purchases Faster The purchases can be done through credit cards ... The post Block Mate Is Instigating Quick and Easy Crypto Buys appeared first on Live Bitcoin News .
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Tokens.com Provides Update on Token Sales

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company
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Nextech AR CEO Evan Gappelberg to Present at the Annual Singular Research Best of the Uncovered Investor Conference Today, December 8th

TORONTO–(BUSINESS WIRE)–$NEXCF #3DModels—Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: EP2), a Metaverse Company and
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Why I Quit Investing In The Fiat Ponzi And Started Saving In Bitcoin

The tired argument that Bitcoin is a Ponzi scheme is really more applicable to fiat, which makes it impossible for us to retain savings.
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Cardano Price Prediction: Can ADA Overtake Doge & Reach All Time High In 2023

Cardano Price Prediction: Cardano has been levelling up and is expected to be a useful coin in the long term. The competition between Cardano and Dogecoin has been an interesting one. However, Cardano overpowering Dogecoin in 2023 is still a question in crypto enthusiasts mind. Where does DOGE and ADA stand presently? Currently, one token The post Cardano Price Prediction: Can ADA Overtake Doge & Reach All Time High In 2023 appeared first on CoinGape .
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EU to Make Crypto Companies Report Tax Details to Authorities

The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
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Hong Kong Amends Finance Law to Incorporate Crypto Firms

Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.
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LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20%

LUNC News Latest Updates Dec 8: Terra co-founder Do Kwon blamed former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis and revealed how it happened. Moreover, the FUD related to Terra Station and Rebel Station also subdues. As a result, Terra Classic price soars 6%, TerraClassicUSD (USTC) 20%, and LUNA 5% in The post LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20% appeared first on CoinGape .
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“Not For Sale” Wikipedia Founder Tells Elon Musk

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Litecoin lacks a buying spree; Support remains relatively stronger

Litecoin has been one of the most trending and user-application blockchains sourced from the Bitcoin code. LTC carries a rich history of development and growth that has allowed it to rank amongst the market leaders of 2022. Ranking at the 13th spot, LTC carries a relatively high market capitalization of $5.4 billion with 50% negative …
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Can DeFi Replace Traditional Finance? Finance Experts Weigh In

DeFi has several key advantages over TradFi, industry leaders say. Continue reading Can DeFi Replace Traditional Finance? Finance Experts Weigh In at DailyCoin.com.
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Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
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cointelegraph

Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.

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cryptocompare

Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project

The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously The post Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project appeared first on The Daily Hodl .
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Aptos & Livepeer collaborate & boost next-gen creator economy

The mutually beneficial collaboration of Livepeer and Aptos is good news. Incidentally, Livepeer is a decentralized video-streaming network, joining up with Aptos. It will now be in the position of offering a completely uninterrupted and smoothly functioning viewing experience to all of its connected users. To provide further benefits and offer convenience to its users, …
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Kim Kardashian, Floyd Mayweather EthereumMax Lawsuit Dismissed

A judge in California has dismissed a lawsuit against Kim Kardashian and others for promoting crypto project EthereumMax.
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Ether Breaks Trendline From Previous Bear Cycle Lows

The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said.
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Shiba Inu’s BONE Trading Volume Suddenly Up 70%, Here Might Be Reason

BONE was trading at $0.849, down 1.75% in last 24 hours
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Kim Kardashian Wins Investor Lawsuit Over EthereumMax

A California district judge decided to dismiss the motion because the complainant was not able to supply sufficient facts.
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cointelegraph

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.

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cointelegraph

The all-in-one approach at the foundation of next gen crypto investment platforms

ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right.

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cointelegraph

More than 90% of consumers are curious about the Metaverse: Capgemini

The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike.

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cointelegraph

NFTs minted on FTX break, highlighting Web2 hosting flaws

NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art.

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cointelegraph

Hong Kong to subject crypto exchanges to the same laws governing TradFi

The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.

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cointelegraph

Stablecoin framework is a near-term priority for Aussie regulators

As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.

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cointelegraph

GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium

Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.

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cointelegraph

FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra.

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cointelegraph

Spain’s central bank to experiment with wholesale CBDCs

The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”

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cointelegraph

US regulator to seek feedback on DeFi’s impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

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cointelegraph

Australian CBDC receives unexpected interest but could hurt banks: RBA

The pilot eAUD program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.

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cointelegraph

Telegram to allow no-sim accounts via anon-blockchain-numbers

Telegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.

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cointelegraph

Crypto lender Genesis has no solution yet for withdrawal halts

Genesis said it will take additional weeks to carve out a recovery path for its lending business.

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cointelegraph

Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts.

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cointelegraph

Class action against Kim K, Mayweather over EMAX dismissed… for now

Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes.

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cointelegraph

FTX hires forensics team to find customers’ missing billions: Report

Lawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail.

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cointelegraph

Just 8% of Americans have a positive view of crypto: CNBC survey

CNBC’s All-America Economic Survey was conducted toward the end of November, just a few weeks after the collapse of crypto exchange FTX.

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cointelegraph

'Definitely on the table' — Subpoenas headed for SBF if he refuses to testify

Sam Bankman-Fried has been requested to appear before separate House and Senate Committees on the collapse of FTX under the threat of subpoena.

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cointelegraph

Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year

The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.

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cointelegraph

Blockchain is the only viable path to privacy and censorship resistance in the 21st century

Decentralized file-sharing services that Big Tech companies can’t control are the only way internet users will be able to maintain their freedom in the years ahead.

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cointelegraph

Buy the rumor, sell the news? Chainlink (LINK) price drops after staking launch

LINK Marines pile in as Chainlink staking launches, but will the event turn out to be a buy the rumor and sell the news event for the altcoin’s price?

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cointelegraph

Crypto consumer protection, proof-of-reserves bills introduced into US Congress

New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.

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cointelegraph

ECB official proposes ban on tokens with an ‘excessive ecological footprint’

EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.

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cointelegraph

Price analysis 12/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

The current weakness in BTC and major altcoins shows that investor sentiment remains negative and that bears are active at higher levels.

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cointelegraph

Meta ‘powering through’ metaverse plans: Nifty Newsletter, Nov. 30–Dec. 6

Meta CEO Mark Zuckerberg highlighted that the company is hopeful about the metaverse despite costing billions of dollars.

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cointelegraph

Binance US eliminates trading fees for Ethereum

This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.

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cointelegraph

Cardano’s MuesliSwap introduces ‘organic APR,’ drawing praise, criticism

The new feature increases token emissions if more liquidity is put into the pool. Crypto Twitter is divided, to say the least.

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cointelegraph

Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry

BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.

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