Today at Chaintalk News

December 1, 2022

Using Decentralized AI Network

By Kinsei

Ben Goertzel Singularity-Net CEO
News

Using Decentralized AI Network

Ben Goertzel talked about how SingularityNET is using decentralized AI network to support our life under the COVID19 pandemic, in the particular area of precision

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Former FTX CEO Sam Bankman-Fried: 'I Didn’t Knowingly Commingle Funds'

In a highly anticipated interview at Wednesday’s Dealbook Summit, Sam Bankman-Fried expressed regret over his exchange's collapse, but clung to the narrative that it was all just a bet gone wrong.
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ApeCoin: Staking Is Just Days Away

Summary ApeCoin has been one of the best-performing crypto assets since the FTX-fueled crypto crash in early November. Token holders have increased over the last several months, in part because of the lead-up to APE staking. Horizon Labs is developing APE staking but will be geo-blocking US consumers from accessing the official front-end application of the smart contract. 2022 has been a horrible year for just about every single cryptocurrency or blockchain-based asset. There are numerous examples of the breadth of the speculative mania that was digital assets from 2020-2021, but the best example of deviation from value reality may have been from the Bored Ape Yacht Club (or BAYC) NFTs. I detailed what I felt was a massive overvaluation of the "ape ecosystem" in late April 2022 in a post called " Insanity of the Apes ." At the time, the market cap of the original BAYC was $4.3 billion based on a 147 Ethereum (ETH-USD) floor price per NFT - that floor price is now just 64.44 ETH. At a $1,290 ETH price, the 10,000 ape pictures now have a collection market cap of $832 million. Meaning the BAYC collection has collapsed 80% in value since that subscriber-only article. Interestingly, ApeCoin ( APE-USD ), the official currency of the ape ecosystem has actually held up better and is up substantially since the FTX-induced crypto collapse from early November: Since FTX Collapse (Seeking Alpha) ApeCoin is now up nearly 50% from the depths of the crypto selloff caused by the collapses of FTX (FTT-USD) and Alameda Research earlier this month. ApeCoin is now beating both Ethereum and Bitcoin ( BTC-USD ) over the last several weeks. Why did ApeCoin go up? The biggest catalyst that ApeCoin currently has is the activation of ApeCoin staking. The ability to stake APE is something that Horizon ( ZEN-USD ) developer Horizon Labs has been working on. While previous target dates have been pushed back, Horizon Labs has announced December 5th for the launch of apestake.io with reward accrual to begin on December 12th. According to Horizon Labs, there are four different staking pools that will allow ape ecosystem participants to get returns on their staked assets: ApeCoin pool BAYC pool MAYC pool Paired pool The staked assets and token allocations vary by pool. But the lowest barrier to entry for Ape staking is simply with the APE token where there is no minimum threshold for staking rewards. In anticipation of the ability to stake assets, the amount of total holders of APE has increased from a little under 91k at the beginning of October to over 103k now: APE Holders (Dune Analytics/Marcov) At least some of that November spike in token holders is likely attributable to the movement toward taking assets out of centralized exchanges that has been broadly felt throughout crypto, but there is no denying the trend in APE token holders has been positive even before the FTX blowup. How to stake ApeCoin Like just about any staking asset in the cryptocurrency space, users who wish to stake their coins can engage directly with the smart contracts if they are technically savvy enough. This is generally not how people typically stake assets, however, as developers usually provide front-end applications that allow DeFi users to engage with the contracts with much less effort. This will not necessarily be the case for ApeCoin initially depending on which jurisdiction the user is in. In its pre-launch summary, Horizon Labs indicated that it will be geo-blocking several countries from interacting with apestake.io, including the United States and Canada. We are aware that geoblocking some users in North America is inconvenient for many members of the ApeCoin community. Unfortunately, in today’s regulatory environment, we had no good alternative Given Horizon Labs' presence in the crypto community elsewhere, this action may not be because of fears of crypto regulation broadly. It is possibly more out of an abundance of caution with the Ape ecosystem and APE specifically. The SEC is probing BAYC creators Yuga Labs and APE distribution is reportedly part of that investigation. This alone should give investors pause when entertaining the idea of buying ApeCoin. But even if the SEC probe wasn't a factor, there is still a lot I don't like about APE as an investment today. Is ApeCoin a good investment? We've seen other instances of coins under SEC scrutiny not getting listed on the major exchanges, Ripple ( XRP-USD ) being the best example. That said, just because something may face SEC scrutiny doesn't mean it's a terrible investment if it has value in other jurisdictions. Still though, I can't get behind buying APE today given the level of coin dilution that is still scheduled through 2025. APE Supply Schedule (Messari) There are still just 361 million of the 1 billion APE coin supply in circulation. At just 36% circulating supply, APE still has a very high level of inflation remaining before the max supply is met. Market Cap Rank Creator Coin Circulating Supply 31 ApeCoin 36% 42 Chiliz ( CHZ-USD ) 69% 44 THETA Network ( THETA-USD ) 100% 49 The Sandbox ( SAND-USD ) 50% 84 Basic Attention Token ( BAT-USD ) 100% Source: CoinMarketCap It's true that APE was just released this year, but that is one of the lowest circulating supply levels of the top creator coins in the entire crypto market. Dune Analytics/Carl5 Furthermore, ApeCoin is supposed to serve as a payment coin in the ape ecosystem, yet the weekly active users of the coin have been steadily declining over the last several months and haven't sniffed the peak from the coin's launch. Summary I think there are too many other coins that are more interesting in this market to justify going long APE given the obvious regulatory concerns, the low engagement with the coin, and the high remaining level of dilution. I think the surge in token holders can probably be linked to the expectation of staking rewards. The problem is there are many who have likely bought the coin to generate those rewards who will not be able to interact with the developer's staking interface because of geo-blocking in the U.S., Canada, and other countries. To be fair, other developers who are not associated with Horizon Labs or ApeCoin can also create a front-end solution that will enable APE staking in the U.S. and elsewhere, but Horizon Labs is clearly avoiding the market for a reason. Because of that, I think it would be wise to avoid going through other actors to facilitate staking APE token. There may come a time when Yuga Labs and the ape ecosystem have the all-clear from regulators to continue building what they're attempting to build. At that time, APE might become more interesting if the ape ecosystem can maintain interest beyond crypto winter. You can read my previous ApeCoin article from May if you would like more insight into the ecosystem. But until we have regulatory clarity, I personally am not touching APE. While I would definitely not short it, I think holders would be wise to swap out.
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Bitcoin Hashrate Continues Sharp Plunge As Miners Give Up

Data shows the Bitcoin mining hashrate has continued its sharp plunge in the past week, as miners give up due to low revenues. Bitcoin 7-Day Average Mining Hashrate Has Rapidly Gone Down Recently According to the latest weekly report from Arcane Research, a miner capitulation might not have much impact on the price this time.
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Why Has Bitcoin Cash (BCH) Failed?

Promise of new Bitcoin proved to be just hype and not a need for cryptocurrency market
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Dogecoin Surprises Crypto Investors: Crypto Market Review, Nov. 30

Meme coin's price performance is somewhat unusual, and here's the reason why
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Can Solana’s NFT space manage to restore SOL’s position in the crypto market

Solana’s weekly chart was green and the metrics supported a positive outlook On the other hand, SOL’s Bollinger Band and RSI flashed bearish signals Solana [SOL] has been drifting away from the top ten list of cryptocurrencies in terms of market capitalization for quite a few weeks now. Though Solana failed to impress its investors,
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Sam Bankman-Fried: “I Never Tried to Commit Fraud”

Here’s what happened during the New York Times exclusive interview with Sam Bankman-Fried on FTX’s collapse.
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Bitcoin Whales Accumulated Over $800 Million in $BTC in Under a Week, Data Shows

Bitcoin ($BTC) whales have accumulated over $800 million worth of the flagship cryptocurrency in only five days as a selling trend for large investors is reversing, which could signal growing confidence in the market. According to on-chain analytics firm Santiment, Bitcoin whales have spent a total of 13 months divesting their holdings as cryptocurrency prices
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Decentralized Exchange GMX Flips Uniswap in Daily Revenue for First Time Ever

Decentralized exchange GMX has seen a material increase since the FTX implosion establishing itself as a notable market contender.
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Litecoin (LTC), Apecoin (APE) and One DeFi Altcoin Looking Ripe for Rallies, According to Popular Crypto Analyst

A popular crypto strategist says Litecoin (LTC), Apecoin (APE) and SushiSwap (SUSHI) appear ready to rally against the bear market. Pseudonymous analyst Altcoin Sherpa tells his 184,700 Twitter followers that the three digital assets are the most likely to show upward price action. “Best current coins to long in the short term IMO [in my The post Litecoin (LTC), Apecoin (APE) and One DeFi Altcoin Looking Ripe for Rallies, According to Popular Crypto Analyst appeared first on The Daily Hodl .
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Telegram Will Build New Decentralized Exchange and Crypto Wallet, According to Founder Pavel Durov

The founder of messaging app Telegram is announcing the development of a new decentralized exchange (DEX) platform and crypto wallet. In a new post to his channel, Telegram founder and CEO Pavel Durov says that blockchain developers should go back to the roots of crypto and focus on decentralization as centralized entities tend to abuse The post Telegram Will Build New Decentralized Exchange and Crypto Wallet, According to Founder Pavel Durov appeared first on The Daily Hodl .
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SBF at Dealbook Summit: 'I Didn’t Knowingly Commingle Funds'

The former FTX CEO said he was unaware of the exchange funneling assets to Alameda, but on-chain data suggests otherwise.
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Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce

The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
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Sell Bitcoin

Summary The 9/29/22 article predicted the price of bitcoin would decline due to the weakness of the business cycle. The business cycle continued to deteriorate due to a sharp slowdown. Bitcoin declines when the business cycle slows down. THE BUSINESS CYCLE (The Peter Dag Portfolio Strategy and Management) The 9/29/22 article correctly predicted “ The tightening of the Fed and the inventory correction will force commodities and Bitcoin prices to continue to decline .” Let us see if monetary and economic conditions have changed enough to alter the downtrend of Bitcoin (BTC-USD). The business cycle is in Phase 4. This is the most treacherous phase for the economy, the financial markets, and investors. This is the time when all the excesses created in Phase 1 and Phase 2 are corrected. In 2022, for instance, the generous stimulus programs and the Fed’s aggressive injection of liquidity were followed by record breaking growth of the economy. M2 and GDP (FRED, The Peter Dag Portfolio Strategy and Management ) The money supply M2 soared 26.9% y/y and real GDP responded with a lag of several months with an unsustainable growth of 12.5% y/y (see above chart). Commodities responded promptly to the strengthening economy. Copper and crude oil soared in response to the extreme demand caused by government and Fed stimulus programs. CPI (The Peter Dag Portfolio Strategy and Management, FRED) Inflation quickly rose because of the stronger economy and sharply higher commodities (see above chart). As inflation started to impact real income, consumers’ sentiment collapsed. This was the signal the business cycle entered in Phase 3. This trend was further reinforced by a sharp slowdown in M2 (see first chart) and flattening of the yield curve (10s/2s). Business, however, continued to increase production responding to the sharp increase in demand following the lockdown. Inventories were accumulated at a double-digit pace when real inventory growth has historically been expanding in the 3%-6% range. Production is now slowing down as companies need to reduce the huge inventory levels. The business cycle is now in Phase 4. As mentioned above, this is the phase when all the excesses must be brought under control to reestablish consumers’ purchasing power. Inventories must be liquidated. This is achieved by reducing production and lowering prices. Raw material purchases are reduced, placing down pressure on commodities. Borrowing is curtailed as programs to improve or increase capacity are delayed with the immediate effect of facilitating lower interest rates. Phase 1 will begin when M2 starts rising again, the yield curve steepens, and interest rates and inflation decline in a major way, enough to lift consumers’ optimism. Bitcoin and Copper (The Peter Dag Portfolio Strategy and Management, StockCharts) Bitcoin, like commodities, responds to trends of the business cycle and liquidity. The above chart shows the main turning points of Bitcoin correspond to the same turning points of copper, one of the most sensitive commodities to business cycle trends. Bitcoin and Crude oil (The peter Dag Portfolio Strategy and Management, StockCharts) Bitcoin has also the same turning points of crude oil and of most other commodities (see above chart). The reason is commodities respond to changes in liquidity and business cycle trends. Commodities rise when the business cycle points to a strengthening economy. Commodities decline when the business cycle reflects a weakening economy. Key takeaways The sharp decline of the growth of M2 and the deep inversion of the yield curve point to much weaker economic conditions ahead. The business cycle is declining and is currently in Phase 4. The price of Bitcoin will decline and bottom when the business cycle moves into Phase 1. This is the time when most other commodities are also rising. This analysis suggests Bitcoin price behavior depends on the vagaries of a central bank monetary policy and changes of the business cycle. The reason is its price is affected by changes in the liquidity created by the banking system.
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Huobi, Poloniex announced strategic partnership despite initial denials of a merger

The exchanges will cooperate progressively in HT coin development, liquidity sharing and global compliance, plus Huobi will monitor Poloniex for new projects to list.
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cointelegraph

Huobi, Poloniex announced strategic partnership despite initial denials of a merger

The exchanges will cooperate progressively in HT coin development, liquidity sharing and global compliance, plus Huobi will monitor Poloniex for new projects to list.

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Bitcoin mining stock report: Wednesday, November 30

Most bitcoin mining stocks tracked by The Block rose on Wednesday. Bitcoin was trading at around $17,000 by market close, roughly a 3.6% increase.
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Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit

Sam Bankman-Fried was speaking at the New York Times' DealBook Summit live on Nov. 30.
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cointelegraph

Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit

Sam Bankman-Fried was speaking at the New York Times' DealBook Summit live on Nov. 30.

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UNI is ripe for buying opportunities after a bullish crossover, but…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion UNI could reach the 50% Fib level in the next few days or weeks if BTC maintains its uptrend UNI’s open interest is rising, which is a bullish outlook for derivatives markets Like the
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FTX founder Sam Bankman-Fried: 'I never tried to commit fraud'

"I made a lot of mistakes, but I never tried to commit fraud," Sam Bankman-Fried, founder and ex-CEO of the now-bankrupt cryptocurrency exchange FTX, said Wednesday at the New York Times Dealbook conference. His remarks come despite reports that FTX loaned out over half of its customer funds (some $10B) to Alameda Research, an FTX-affiliated trading firm, in an attempt to fund risky bets. "I wasn't trying to commingle funds," Bankman-Fried said, even though Bloomberg reported earlier this week that some FTX customers were told to send wire transfers through Alameda, highlighting their tangled relationship despite the fact that FTX and Alameda were entirely separate businesses. FTX and Alameda, which owned a ton of FTX Token ( FTT-USD ), the crypto issued by FTX, were "substantially more" connected than intended, SBF said, while noting his "massive failure of risk management and oversight." He touched on his poor internal labeling of bank-related accounts, saying the FTT and solana ( SOL-USD ) used as collateral was not marked "the way I wish I had from a risk perspective." Starting on November 6, when Binance tweeted that it will sell its position in FTX Token ( FTT-USD ), SBF knew there was a problem about the potential for "substantial losses for Alameda. I didn’t think it was going to be a massive loss for FTX customers, more like Alameda is going to be really tight on funds." FTX and its more than 130 affiliates filed for bankruptcy on November 11 after the discovery of a multi-billion dollar balance sheet shortfall that triggered massive customer outflows. “I wasn’t running Alameda, I didn’t know exactly what was going on, I didn’t know the size of their position,” SBF said. “A lot of these are things I’ve learned over the last month When asked whether he's concerned about criminal liability, SBF responded, "I don't personally think I have... it's not what I'm focusing on. There will be a time and a place for me to think about myself and my future but this isn't it." 6:011 p.m. ET: Event concludes. 6:09 p.m. ET: SBF, a former billionaire, now has "close to nothing," he said when asked about how much money he has left. "I have one working credit card left. I think it might be $100K or something like that in that bank account. I put everything I had into FTX." 6:02 p.m. ET: SBF said he doesn't know what his future holds; "a lot of it is not in my hands at this point." Update at 5:50 p.m. ET: SBF's political donations "were mostly for pandemic prevention, on both sides of the aisle," SBF said. In FTX's first court hearing on November 22, a counsel to FTX said SBF treated his trading platform as his own "personal fiefdom."
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Proof of Reserves: A Trust Standard for Centralized Exchanges

The recent collapse of FTX, one of the industry’s largest and most trusted crypto exchanges, has opened the debate for setting standards to prove solvency in centralized exchanges. Since the...
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Bitcoin Reclaims $17K, Stocks Soar Following Powell Speech In Washington

Bitcoin price quickly pushed above the $17,000 level and major US stock indices exploded higher on the heels of some of the most dovish remarks by Fed Chair Jerome Powell in nearly a year. Don’t Fight The Dovish Fed Tone Change The quote “don’t fight the Fed” has never been more proven than in recent
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Brazil’s Congress Passes Bill Legalizing Bitcoin, Ether Payments

Brazil’s lower house of Congress has finally passed the long-awaited crypto bill legalizing crypto payments in the country and enabling banks to start offering services in the sector.
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Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.
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cointelegraph

Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.

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Kraken Slashes 30% of Workforce Amid Bear Market Pressure

Kraken joins Coinbase and CryptoCom in slashing a major portion of its workforce to survive the bear market.
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Top On-Chain Analyst Willy Woo Says Bitcoin Mirroring 2015 and 2018 Bottom Formation – Here’s His Forecast

Top on-chain analyst Willy Woo says that Bitcoin (BTC) is in an accumulation phase similar to the market bottoms of 2015 and 2018. In a new interview with Scott Melker, Woo says that buyers have recently stepped in to support Bitcoin, lowering its volatility and putting it in a sideways trend. “It’s that time in The post Top On-Chain Analyst Willy Woo Says Bitcoin Mirroring 2015 and 2018 Bottom Formation – Here’s His Forecast appeared first on The Daily Hodl .
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Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December

Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30. Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback
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Sam Bankman-Fried tries to defend FTX collapse, apologizes (again)

The former FTX CEO spoke publicly, weeks after FTX filed for bankruptcy protection and Bankman-Fried resigned from his role at the company.
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US CFTC commissioner calls for new category to protect small investors from crypto

Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to.
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cointelegraph

US CFTC commissioner calls for new category to protect small investors from crypto

Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to.

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The World’s Largest Asset Manager Was Also Exposed to FTX

BlackRock CEO Larry Fink admitted that he may have been misled by FTX, alongside Sequoia.
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Market maker Keyrock closes $72 million in Series B funding round

Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures.
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cointelegraph

Market maker Keyrock closes $72 million in Series B funding round

Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures.

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Compound tightens its rules to prevent Aave-like exploit, details inside

Compound DAO had voted unanimously to implement changes in the rules of the protocol This move was motivated by the need to keep the protocol safe after the Aave exploit Recently, COMP holders at Compound Finance, a major player in the cryptocurrency loan industry, approved a proposition put out by the company. The current proposal
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Binance Coin (BNB) Price Analysis for November 30

Has Binance Coin (BNB) become bearish again?
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Coinbase clarifies bug bounty policy in response to Uber extortion verdict

The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith.
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cointelegraph

Coinbase clarifies bug bounty policy in response to Uber extortion verdict

The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith.

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Why is the crypto market up today?

The crypto market is up today, possibly due to “positive” news from the United States Federal Reserve.
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cointelegraph

Why is the crypto market up today?

The crypto market is up today, possibly due to “positive” news from the United States Federal Reserve.

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Why did bitcoin and ethereum jump today? Potential for slower rate hikes in December

Major cryptocurrencies such as bitcoin ( BTC-USD ) and ethereum ( ETH-USD ) along with crypto-linked stocks have turned higher after Federal Reserve Chair Jerome Powell signaled the pace of interest-rate increases could slow down as soon as next month . After spending much of the past month below $17K after the collapse of crypto exchange FTX, bitcoin ( BTC-USD ) bounced 3.6% to $17.04K at 4:17 p.m. ET, as market participants cheered JPow's remarks. Ether ( ETH-USD ) climbed 5.7% to $1.29K at the time of writing. While the Fed chief indicated that the U.S. central bank may moderate the pace of its rate hikes starting at the December 13-14 gathering, he also emphasized the "ultimate level of rates will need to be somewhat higher than thought at the time of the September meeting" with inflation still well above its target. In other words, the inflation fight is yet to end hence no Fed pivot on the horizon. The Fed has lifted its benchmark rate by 75 basis points at each of its last four meetings. But for the December meeting, traders have been ratcheting up their bets for a 50-bp hike as Fed officials suggested over the past month or so a likely downshift in the pace of rate increases. As such, traders hedged for a 77.0% chance for a 50-bp move versus 66.3% in the prior day, according to CME's FedWatch tool . That would take the federal funds rate target range to 4.25%-4.50%, compared with policymaker's September projection of a 4.6% terminal rate in 2023. Crypto-related stocks, which are seen as high-beta versions of digital tokens, traded in a sea of green: MicroStrategy ( MSTR ) +8% , Galaxy Digital ( OTCPK:BRPHF ) +10% , Bit Digital ( BTBT ) +8.1% , Coinbase Global ( COIN ) +5.8% , Riot Blockchain ( RIOT ) +9.3% and Marathon Digital ( MARA ) +6.3% . In addition, the stock market rallied hard , with all three major U.S. stock indices climbing at least 2% despite a deeply inverted yield curve that's calling for an economic downturn. While the crypto ecosystem continues to feel the burn from the multi-billion dollar collapse of crypto exchange FTX, Brazil approved a bill to legalize crypto payments .
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cointelegraph

Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking.

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Sen. Warren: Biden administration worked to stop crypto being 'dangerously intertwined' with banks

The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking.
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Analyzing Founders Fund’s Crypto Portfolio

Quick Take Founders Fund is a San Francisco-based venture capital firm founded in 2005 by Peter Thiel, Luke Nosek, Sean Parker, and Ken Howery Founders Fund has made 42 investments in the crypto/blockchain sector while utilizing a diversified approach In total, The Block has mapped out 33 unique companies across six categories that Founders Fund has invested in
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Korean Prosecutors Seek an Arrest Warrant for Terraform’s Daniel Shin (Report)

Seoul's Southern District Prosecutors Office maintained Daniel Shin violated the Electronic Financial Transaction Act.
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US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes

Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency
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Flare Confirms Date of FLR Distribution Event, Lists Exchanges Set to Airdrop FLR to XRP Holders

Flare Networks has confirmed that the Flare (FLR) Token Distribution Event is slated to hold on the 9th of January 2023. The firm has also released the list of major crypto exchanges ready to distribute the tokens to XRP holders. According to the report, the exchanges agreed to distribute FLR to their customers within 2 The post Flare Confirms Date of FLR Distribution Event, Lists Exchanges Set to Airdrop FLR to XRP Holders appeared first on Times Tabloid .
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Another Mysterious Crypto Death: Russian Billionaire Dies in Monaco Helicopter Crash

Founder of Forex Club and Libertex, Vyacheslav Taran, dies in helicopter crash over Monaco. Continue reading Another Mysterious Crypto Death: Russian Billionaire Dies in Monaco Helicopter Crash at DailyCoin.com.
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Bitcoin Trading Volume Outside Binance Falls To Lowest Since Feb 2021

Data shows the Bitcoin spot trading volume outside Binance has fallen to its lowest value since the February of 2021. Bitcoin Trading Volume Continues To Tumble As Market Calms Down As per the latest weekly report from Arcane Research, volume including Binance is still at a high level right now. The “trading volume” here is
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Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report

A new report claims Bitcoin (BTC) mining firm Iris Energy’s investors are seeing a multimillion-dollar wipeout in the value of their holdings a year since the public listing. According to an Australian Financial Review, shares of Iris Energy, which is listed on the NASDAQ, have fallen by 94.5% since the initial public offering in November The post Top Asset Management Firms Suffer $220,000,000 in Losses From Bitcoin (BTC) Mining Investments: Report appeared first on The Daily Hodl .
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FTX proves MiCA should be passed fast, officials tell European Parliament committee

In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe and suggest a way forward.
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cointelegraph

FTX proves MiCA should be passed fast, officials tell European Parliament committee

In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe and suggest a way forward.

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Coinbase Adds Ethereum (ETH) DeFi NFT Token and Identity Verification Altcoin to Roadmap, Spurring Minor Rallies

San Francisco-based crypto exchange Coinbase is adding two altcoins to its listing roadmap. Coinbase announces that the governance token of decentralized finance (DeFi)-based non-fungible token (NFT) gaming protocol Aavegotchi (GHST) and the native token of cross-chain identity aggregator Litentry (LIT) are now on the roadmap. “Assets added to the roadmap today: Aavegotchi (GHST) and Litentry The post Coinbase Adds Ethereum (ETH) DeFi NFT Token and Identity Verification Altcoin to Roadmap, Spurring Minor Rallies appeared first on The Daily Hodl .
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Tezos Co-Founder Kathleen Breitman on FTX Fallout: 'A Lot of Goodwill Is Gone Now'

Breitman says FTX's collapse is having a big impact on regulation and deal-making for the crypto industry.
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Telegram Announces Plans to Build Decentralized Crypto Exchange Following FTX Failure

Founder and CEO Pavel Durov wants to steer crypto back towards trustless models.
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cointelegraph

Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29

At the height of the bear market, two NFT collectors have paid almost $1 million to purchase Bored Ape NFTs.

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Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29

At the height of the bear market, two NFT collectors have paid almost $1 million to purchase Bored Ape NFTs.
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Mobius Capital Fund Manager Reveals His Downside Target for Bitcoin, but Says Digital Assets are Here to Stay

The veteran investor Mark Mobius has said bitcoin (BTC) could fall to the $10,000 level, but he is still amazed by how well bitcoin prices “have held up” in the currently bearish environment.... Read More: Mobius Capital Fund Manager Reveals His Downside Target for Bitcoin, but Says Digital Assets are Here to Stay
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Bitcoin, Ethereum Jump as Fed Chair Signals Slowing Rate Hikes

The wider crypto market jumped with stocks Wednesday after Jerome Powell hinted at less aggressive interest rate hikes to come.
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cointelegraph

Don't’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment

Negative newsflow continues to make headlines but BTC’s recent move above $17,000 suggests investors are finding reasons to be bullish.

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Kraken cuts workforce by 30% in an effort to survive crypto winter

According to its CEO, the exchange grew too quickly to accommodate the fast-growing crypto ecosystem.

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Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?

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Senate Banking Committee chair calls for coordination with Treasury on crypto

The committee chair cited crypto exchange FTX’s “alarming fraud,” liquidity crunch and bankruptcy as examples of financial risks that the Treasury and regulators should address.

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Telegram founder wants to build new decentralized tools to combat power abuse

The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges.

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INX submits bid for Voyager Digital's assets

FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs.

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Crypto Stories: The late John McAfee tells the story of how he first found out about Bitcoin

British-American businessman John McAfee talks about his crypto story and how he discovered BTC.

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Secret Network resolves network vulnerability following white hat disclosure

Researchers were able to decrypt all of Secret's internal transactions using an exploit.

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Uniswap launches NFT marketplace aggregator

Developers say the tool can help users save upwards of 15% on gas fees when shopping for NFTs.

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FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

The Fantom Foundation's attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price.

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Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says

Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses.

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Festivals in the metaverse: How Web3 projects are taking culture virtual

As the metaverse becomes a place to hang out, more large-scale events will pop up to entice users into digital reality.

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Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them

Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions.

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European Central Bank blasts Bitcoin —community responds

After the European Central Bank released a blog post on the shortcomings of Bitcoin, the crypto community on Twitter took to the comments to defend the cryptocurrency.

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Digital identity platform integrates with zkSync for on-chain KYC

RNS’ on-chain KYC solution is designed on a “privacy engine” to encrypt users' data.

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Gemini gets regulatory greenlight in Italy, Greece amid lending halt

Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.

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BTC price taps $17K as analysis warns of inbound Bitcoin ‘risk events’

Bitcoin faces more than just FTX fallout in December, with macro data due and the Mt. Gox payouts getting closer.

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What is the best crypto use case? Community answers

A community member argued that the best crypto use case is still how crypto provides a decentralized, peer-to-peer payment system that eliminates middlemen like banks.

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Binance acquires regulated crypto exchange in Japan

Binance has managed to expand its services throughout the past year by either acquiring an operating license or buying a stake in a regulated entity.

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South Korea issues arrest warrant for Do Kwon's former colleagues

Arrest warrants were sought for Terraform Labs co-founder Daniel Shin, three investors and four engineers responsible for TerraUSD (UST) and LUNA initiatives.

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