Today at Chaintalk News

December 8, 2022

3 Primary Bitcoin Participants Affecting Price

By ChainTalk TV

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CNBC’s Jim Cramer Warns XRP, Cardano, Dogecoin and Polygon Could Collapse, Says Not Too Late To Sell

CNBC host Jim Cramer thinks crypto investors should immediately unload their positions before prices drop even lower. The television personality says investors still have time to sell their holdings and shouldn’t be tricked by the market caps of crypto assets, according to a CNBC report. “You can’t just beat yourself up and say, ‘hey, it’s The post CNBC’s Jim Cramer Warns XRP, Cardano, Dogecoin and Polygon Could Collapse, Says Not Too Late To Sell appeared first on The Daily Hodl .
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FBI arrests blockchain startup CTO for allegedly stealing over $1 million

U.S. authorities have arrested Rikesh Thapa, a former executive at Blockparty, for alleged wire fraud.
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South Korea’s Central Bank Wants to Oversee Stablecoins: Report

The country joins other jurisdictions in proposing standards for stablecoin issuance.
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cointelegraph

Why is Bitcoin price down today?

Bitcoin price is down, trading below $17,000 and raising investors’ worries that the bottom is still not in.

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Why is Bitcoin price down today?

Bitcoin price is down, trading below $17,000 and raising investors’ worries that the bottom is still not in.
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cointelegraph

Zodia Custody launches service to protect users’ crypto from exchange insolvency

The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges.

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Zodia Custody launches service to protect users’ crypto from exchange insolvency

The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges.
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Spain’s Central Bank Opens Call for Proposals for a Wholesale CBDC Project

The proposal period will be open until January 31, 2023 for financial institutions and technology solution providers.
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Virender Sehwag Funny Tweet On Crypto Is Trending; Here’s Why

Virender Sehwag Tweet: Former Indian cricket player Virender Sehwag has a knack for posting funny tweets on various contemporary issues. While the crypto market sometimes tends to follow a high volatility trend, it also becomes subject to trolling on social media platforms. In one such instance, Sehwag tweeted on a latest happening comparing it with The post Virender Sehwag Funny Tweet On Crypto Is Trending; Here’s Why appeared first on CoinGape .
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MetaMask Reviews Data Collection Policy Following Community Backlash

ConsenSys, the company behind MetaMask and Remote Procedure Call (RPC) infrastructure Infura, has clarified how it handles data privacy after being criticized for collecting users’ wallet information and IP addresses. In a blog dated December 6, the blockchain software company issued a list of clarifications, commitments, and updates on the matter. It notes that wallet
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Dogecoin Fan Elon Musk No Longer World’s Richest Person

The net worth of Elon Musk, a vocal proponent of Dogecoin, has taken a massive hit this year, with French fashion tycoon Bernard Arnault now reclaiming the title of the world’s richest person
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These Six Charts Show How Bitcoin Mining Is Enduring The Bear Market

Bear market history never repeats, but it often rhymes and these six datasets show how the bitcoin mining industry is faring today.
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Gensler ‘Singularly Responsible’ for Failing To Expose FTX Fraud, Rep. Says

Rep. Torres’ call for investigation comes months after he and several other representatives drafted a letter to Gensler asking about the SEC’s jurisdiction over non-SEC regulated entities
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A-Z of Tether’s latest rollout on the Tron network

Tether plans to roll out the Chinese Yuan on the Tron network Tether’s future plans include rolling out digital versions of existing fiat currencies Tether, the crypto company that created the USDT stablecoin, announced plans to launch its offshore version of the Chinese Yuan on the Tron network. An evaluation of this rollout from different
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US Justice Dept Arrests Blockchain Company Official on Charges He Defrauded Firm of More Than $1M

Rikesh Thapa is accused of bilking his start-up firm of over $1 million in U.S. currency, cryptocurrency and utility tokens.
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Kazakhstan’s parliament moves forward on Bitcoin mining legislation

Kazakhstan's parliament is bringing its crypto mining industry, once one of the world's largest, closer to heel.
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Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor

Crypto sector auditor Mazars found that Binance customers’ Bitcoin deposits were 101% backed as of last month.
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Be Patient: Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time

The former wonder boy could be behind bars for the rest of his life, according to U.S. federal sentencing guidelines.
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$1.3T Asset Manager Exploring Use Cases for NFTs

After issuing an NFT to certain clients, Franklin Templeton is “devoted to uncovering new applications for these assets,” firm’s head of digital assets technology says
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ConstitutionDAO2 selling NFTs in fresh bid to buy US Constitution copy

ConstitutionDAO2 is crowdfunding with NFTs in a new attempt to buy a rare copy of the U.S. Constitution. But will it work in this bear market?
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Genesis says plan to resolve lending unit’s woes could take ‘weeks’

Genesis said in a client letter Wednesday that work on a plan to address issues in its lending unit will take weeks rather than days to complete.
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Ethereum Price Prediction: Range Breakdown Signals Longer Correction For ETH

Ethereum Price Prediction: The Ethereum(ETH) price consolidated between the $1300 and $1238 levels for nearly a week. However, the sellers benefited from the current market uncertainty and breached the lower support. This range breakdown releases the bearish momentum and triggers a longer price correction. Key points: A bearish reversal from the $1300 resistance may trigger The post Ethereum Price Prediction: Range Breakdown Signals Longer Correction For ETH appeared first on CoinGape .
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‘Bitcoin Rainbow’ indicator consolidates at lowest point as BTC aims to reclaim $17k

Bitcoin (BTC) appeared poised to reclaim the crucial $18,000 support level after briefly breaching the $17,000 position, with bulls under … Continued The post ‘Bitcoin Rainbow’ indicator consolidates at lowest point as BTC aims to reclaim $17k appeared first on Finbold .
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Experts Think These Cryptos On Pre-sale Will Explode By 100x In 2023

The post Experts Think These Cryptos On Pre-sale Will Explode By 100x In 2023 appeared first on Coinpedia Fintech News Despite the advancement of Web3, bitcoin or digital assets remain a potential investment route for any investor. The market for this industry reached $1.6 billion in 2021 and is predicted to increase substantially in the future. However, because to the price drop of BTC, the market has entered the winter season in 2022. Furthermore, the …
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Breaking: Genesis Withdrawal Halt Could Stretch To ‘Several Weeks’

Genesis Withdrawal Updates: Amid difficult circumstances around liquidity crisis, Genesis trading issued a statement to its customers with an update on Wednesday. In an email to Genesis customers, the company’s interim CEO Derar Islim said it could take some ‘weeks’ instead of days to lift the withdrawal halt. Earlier, it was reported that Genesis owes The post Breaking: Genesis Withdrawal Halt Could Stretch To ‘Several Weeks’ appeared first on CoinGape .
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Changpeng Zhao Calls Crypto “Stable” Despite Price Turmoil

Changpeng Zhao – the head honcho of Binance, the largest digital currency exchange in the world – stated in a recent interview that crypto is the “only stable thing” right now regardless of the volatility and falling prices many mainstream assets are dealing with. Changpeng Zhao Believes in Crypto Speaking at a conference in Lisbon, Portugal, Zhao ... The post Changpeng Zhao Calls Crypto “Stable” Despite Price Turmoil appeared first on Live Bitcoin News .
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Blockchain AI Market 2022-2028: Growing Investments in AI and Blockchain Boosting Sector – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Blockchain AI Market 2022-2028” report has been added to ResearchAndMarkets.com’s offering. The global blockchain AI market is anticipated
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Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the gold held by the world’s central banks is at the highest level since 1974. Central Banks
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Strike Launches Feature To Process Cross-border Payments into Africa

Strike, a digital payment platform built on the Lightning Network has launched a new feature to process cross-border payments into Africa The post Strike Launches Feature To Process Cross-border Payments into Africa appeared first on Blockchain, Crypto and Stock News .
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Number of Brazilian Companies Transacting With Digital Assets Increased Again in October

More than 41,000 Brazilian firms conducted some form of operation with crypto assets, according to the local tax authority, Receita Federal.
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Online Blockchain CEO warns Bitcoin may crash to $8k as ‘FTX crisis is unresolved’

Given that the collapse of FTX has caused a more than 60% drop in the value of Bitcoin (BTC) and … Continued The post Online Blockchain CEO warns Bitcoin may crash to $8k as ‘FTX crisis is unresolved’ appeared first on Finbold .
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Genesis Client Letter Suggests No Imminent Solution to Withdrawal Freeze

The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.
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cointelegraph

Ankr deploys $15M to make users whole as Helio stablecoin recovers after exploit

Helio protocol had a total value locked of approx. $90 million before the incident.

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Ankr deploys $15M to make users whole as Helio stablecoin recovers after exploit

Helio protocol had a total value locked of approx. $90 million before the incident.
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David Gokhshtein Happy About Devs “Taking DOGE to Next Levels”

This crypto influencer has once again confirmed his support for Dogecoin on its 9th birthday
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Short-term Shiba Inu [SHIB] investors should be cautious because…

SHIB faced a key resistance at $0.000000934 The market structure was neutral, but SHIB could drop $0.000000920. The meme coin, Shiba Ibu (SHIB) lost 8% of gains made on 5 December after a price correction wiped it all. At press time, it was trading at $0.000000931 and showed a mild bullish momentum on the lower timeframe
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Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday

Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as
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SBF Hires Mark Cohen as His Attorney After Congresswoman Maxine Waters Asks Him to Appear Before Congress

Besides Mark Cohen, SBF has a whole roster of legal consultants within his reach, including his father. Continue reading SBF Hires Mark Cohen as His Attorney After Congresswoman Maxine Waters Asks Him to Appear Before Congress at DailyCoin.com.
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XRP Price Analysis for December 7

Has fall of XRP ended yet?
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Crypto Bank Signature Suffers Another Analyst Downgrade; Shares Fall

Raymond James is the latest Wall Street firm to cut its rating on the stock, following Morgan Stanley’s move earlier this week.
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Elrond (MultiversX) Lists on Top US Exchange Coinbase: Details

EGLD trading now available to over 108 million users in over 100 countries
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Game maker The Mirror raises $2.3 million in Founders Fund-led round

The Mirror, backed by Founders Fund, streamlines the creation of 3D multiplayer games set in virtual worlds for indie game developers.
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Binance Bitcoin Reserves 101% Collateralized Says Mazars Audit

Summary: CZ’s company hired Mazars to audit its Bitcoin reserves after FTX’s crash shook faith in crypto exchanges. Mazars reported that Binance’s BTC reserves were fully collateralized at a 101% ratio. The global auditor verified both proof-of-reserves and proof-of-liabilities following a snapshot taken on November 22. An audit on Binance’s Bitcoin (BTC) reserves confirmed that the crypto exchange held fully collateralized assets. Mazars, a global financial advisory firm, conducted the audit after taking a snapshot of the exchange’s BTC holdings
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Why a Divided Congress Is Bullish for Crypto

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You Can Withdraw Only $45 Daily From ATMs in Nigeria for This Reason

To encourage the usage of CBDC, Nigeria has placed a weekly limit of $225 on the amount of cash that can be withdrawn from ATMs.
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Gate.io Allots $100 Million to Fight Crypto Winter

Gate.io has committed $100 million to revive cryptocurrency and restore confidence among investors.
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Nigeria Limits Cash Withdrawals in CBDC Push

Nigeria’s central bank is capping cash withdrawals for individuals to $224 a week
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Zamsino Crypto Casino Metaverse Set for Launch on Q3 2023

Zamsino Crypto Casino Metaverse, a blockchain-based virtual casino metaverse, is set to change how token-based crypto casinos work, and the project is set to launch in Q3 next year. Built on the Ethereum blockchain, players can build and monetise their own casino games in this virtual world with rewards for playing and earning revenue from ... The post Zamsino Crypto Casino Metaverse Set for Launch on Q3 2023 appeared first on Live Bitcoin News .
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Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent

Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic landscape. Did bulls rush into a trap? Related Reading: Continued Upswing Of VIX Signals Doom For Bitcoin; But Friday Will Be Crucial As of this writing, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. In the previous week, the cryptocurrency is holding onto some profits, but there is a chance the bullish trajectory will retrace back to the yearly lows. Bitcoin Miners Will Contribute With The Downside Price Action? On the macro scene, the U.S. Federal Reserve (Fed) is the biggest hurdle for future Bitcoin profits. The financial institution is trying to bring inflation down by hiking interest rates. This monetary policy has harmed risk-on assets. Fed Chair Jerome Powell hinted at moderating the monetary policy, but this possibility might become less likely. Recent robust U.S. economic data could provide support for further interest rate hikes. The market is pricing in another 75 basis points (bps) hike for December. In addition to the Fed’s tightening, the war between Russia and Ukraine adds to the market’s uncertainty. The conflict is taking a step back in mainstream media headlines, but hostilities are escalating. #Russia‘s Putin says threat of nuclear war is on the rise. Putin says Russia considers nuclear weapons a response to an attack. Says Russia’s nuke weapons are a deterrent factor in conflicts. pic.twitter.com/5RMIc7UK6A — Holger Zschaepitz (@Schuldensuehner) December 7, 2022 On the local scene, data from CryptoQuant shared with NewsBTC from the latest Bitfinex report indicates that BTC miners are “moving a large amount of Bitcoin out of their wallets.” These transactions are often bearish indicators for the cryptocurrency. Miners take out BTC to sell in the market and cover their operations costs. This selling contributes to BTC’s bearish pressure. Bitfinex noted the following while sharing the chart below: On the other hand, when the value of the indicator decreases, this indicates that miners are withdrawing coins from their wallets. Such a trend could be bearish for Bitcoin since the miners could be transferring their coins out of their wallets in order to sell them on exchanges. BTC exchange inflows have also increased slightly over the past week after declining significantly over the few weeks prior to that. Other Factors To Consider In addition to struggling miners, the market is seeing BTC holders sell their coins at a loss. The Spent-Out Profit Ratio (SOPR) indicator stands above one, meaning investors are capitulating and cashing out due to the current macro conditions. Related Reading: Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder Bitfinex highlighted increased retail investors holding BTC as a positive takeaway from this data. These investors are adding to their balance while the price trends to the downside. These investor classes, the report claims, are “resilient in the face of price drawdowns” and could finally put a bottom in the BTC price.
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Strategic Insights on Future Smart Parking Systems: Global Market to Reach $18 Billion By 2030 With IoT, Blockchain, and RFID Reshaping Business Models and Enhancing Management Solutions – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Strategic Insights on Future Smart Parking Systems” report has been added to ResearchAndMarkets.com’s offering. This study offers strategic
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ADDING MULTIMEDIA Noteworthy Drives Cryptonotes into the Mainstream with New 5 Millibit Bitcoin Banknote

The new cryptonote is on sale now, with shipment expected later this year ZUG, Switzerland–(BUSINESS WIRE)–#bitcoin—Noteworthy, the premier designer of
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Nigeria Caps ATM Withdrawals at $45/Day to Push CBDC

Central Bank of Nigeria is pushing to replace cash with its CBDC - eNaira. Continue reading Nigeria Caps ATM Withdrawals at $45/Day to Push CBDC at DailyCoin.com.
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Today in Crypto: Noteworthy Announced 5 mBTC Note Sale, Fir Tree Sued Grayscale, Blockstream Seeks New Funds

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Noteworthy Announced 5 mBTC Note Sale, Fir Tree Sued Grayscale, Blockstream Seeks New Funds
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cointelegraph

Mazars says users' BTC reserves on Binance are fully collateralized

The scope of the AUP was limited to users' BTC holdings on Binance.

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cointelegraph

Into the storm: The murky world of cryptocurrency mixers

A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.

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cointelegraph

Security in crypto comes from liquidity or the lessons we learned after FTX

Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.

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cointelegraph

Decentralized identity: Proving it’s really you in the 21st Century

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cointelegraph

Was the fall of FTX really crypto’s ‘Lehman moment?’

Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful?

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cointelegraph

Proactive sanctions can help spare the ecosystem: Chainalysis exec

Andrew Fierman highlighted the nuances of sanctions depending on who is involved, what is at stake and where they’re coming from.

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cointelegraph

Institutional investors still eye crypto despite FTX collapse

Data from crypto exchange Bitstamp shows that institutional registrations on the trading platform increased by 57% in November.

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cointelegraph

Bank of Russia wants to ban miners from selling crypto to Russians

The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia.

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cointelegraph

BTC price hits new December low as Bitcoin dips 2% with Asia stocks

Bitcoin fails to hold $17,000 as BTC price correlation with Asia stocks stands out on the day.

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cointelegraph

Japan recommends against algorithmic backing in stablecoins

The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins.

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cointelegraph

Decentraland launches virtual property renting for LAND owners

The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace.

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cointelegraph

Report outlines reasons why stakeholders are against CBDC

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.”

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cointelegraph

US lawmakers want State Department to justify crypto rewards and disclose payouts

The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it's more encouraging for whistleblowers.

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cointelegraph

Gate.io pledges $100M to revive crypto and rebuild investor confidence

With investors moving their funds away from exchanges into self-custody, market liquidity is an immediate threat to struggling crypto businesses.

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cointelegraph

3AC subpoenas issued as dispute grows over claims of Terraform dump

The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated.

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cointelegraph

Blockstream raises funds for mining at 70% lower company valuation

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.

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cointelegraph

Nifty News: Winamp adds NFT support, Atari gets physical and more

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law.

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cointelegraph

Iran set to freeze bank accounts of women who refuse to wear a hijab

Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.

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cointelegraph

Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo

The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions, but he was fined for it regardless and for also not declaring a “gift” of the token.

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cointelegraph

Crypto will be regulated as securities — ICE boss and Senator Warren

Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.

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cointelegraph

Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC

The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.

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cointelegraph

Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust

The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.

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cointelegraph

Fan tokens struggle to hold on as World Cup quarter-finals draw nearer

Soccer fan tokens have seen their prices and trading volumes plummet since the start of the World Cup on Nov. 20.

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cointelegraph

Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report

Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell.

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cointelegraph

North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick

Microsoft and cybersecurity firm Volexity have traced a new version of AppleJeus malware to the hackers behind the Ronin exploit and numerous other online heists.

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cointelegraph

Cryptocurrency has become a playground for fraudsters

Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it's being sold to the public as casino entertainment.

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cointelegraph

3 reasons why Ethereum price keeps rejecting at the $1,300 level

Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.

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