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On Nov. 9, the GBTC closed at a record discount of 41% with a one-share price standing at $8.76.
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Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low.
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The cryptocurrency market continues to experience a massive downtrend. TheÂ\xa0global crypto market capÂ\xa0fell over 11% to $809 billion the previous day, sending major cryptocurrencies into the red on early November 10.Â\xa0\nOver the last 24 hours, the entire crypto market volume plummeted 11% to $189 billion.
positive
The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.
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Solana price prediction remains negative, having broken below all significant support levels on all timeframes. Solana's ecosystem appears to be collapsing alongside FTX and Alameda, with evidence indicating that customers are fleeing in droves.
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Previously one of the crypto world’s heavy hitters, Sam Bankman-Fried, has been knocked off of Bloomberg’s billionaire list.\r\n
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The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
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'We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves,' the Crypto.com CEO said.
neutral
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.
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Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.
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Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most.
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Mike Novogratz’s crypto firm still has over $47 million of FTX exposure stuck in the withdrawal process.\xa0
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Marathon Digital now has 11,285 BTC, second only to MicroStrategy.
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Meta is removing 13% of its workforce to keep expenses in line with company revenues.\xa0
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BUSD and BNB addresses comprise 70% of the emergency fund, while BTC addresses account for the remaining 30%.
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BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
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The US government now holds more than 214,000 bitcoin, making up over 1% of the total capped bitcoin supply.
positive
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
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Binance is pulling out of the putative deal to buy FTX crypto exchange. The news came in a statement tonight and has led to heightened selling of crypto assets.
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The firm pushed Maple Finance to halt Alameda's dedicated borrower pool earlier this year.
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Binance said FTX’s financial situation is beyond the larger exchange’s ability to help.
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In the battle of the billionaires, Sam Bankman-Fried had to bend the knee.\xa0
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Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement.
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Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private.
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The crypto market opened today with a downturn and is set to see some additional plunges down the line. While investors would want to be cautious about moving into the market, several coins could still provide gains. \n\nThis article will examine some of the digital assets with the biggest prospects.
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South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC).
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During the European session, the cryptocurrency market continued to underperform, with the globalÂ\xa0crypto market capÂ\xa0down 10% from yesterday and DeFi coins down more than 11%. \n\nSimilarly, Bitcoin has dropped more than 10% and is now trading at $16,300. At $18,170, it broke a triple bottom pattern.
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According to Charles Hoskinson, FTX's meltdown could indicate the bottom of the ongoing crypto winter.
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The SEC and CFTC are stepping in to examine FTX’s management of client funds, and its relationship with its sibling firms.\xa0
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The largest franchise in the world, Subway, is testing out the Lightning Network layer-2 Bitcoin payments solution and receiving encouraging results in Berlin, Germany.
positive
TAMA, the native token for the Tamadoge gaming ecosystem, is set for a major exchange listing. With the digital asset's price set to surge and most other meme coins on the decline, could it be the subindustry's next top dog?
negative
Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January.
neutral
Cardano price holds above $0.30 amid another 2022 crypto crash that followed the Binance and FTX drama.Although the selloff initially affected FTX Token (FTT), which has since lost 75% of its value over the last...
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BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.
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The firm withdrew its remaining balance from FTX at the eleventh hour, and topped weekly fund outflows from the troubled exchange.
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The VC firm is rolling out Helios, a Rust-based Ethereum light client developed to provide fully trustless access to the Ethereum blockchain.
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This could be yet another event that leads to massive volatility for Solana and the entire market.
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The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity.
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Ethereum, along with the wider crypto markets, has shed a significant percentage of its value over the past few hours as recent events have transpired. Is it all over for crypto? Read on to find out more.
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Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.
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Binance may be about to withdraw from its agreement to financially support its rival exchange.\xa0
positive
Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.
neutral
Get your daily, bite-sized digest of cryptoasset and blockchain-related news.
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The US Treasury has redesignated sanctions on the mixing service Tornado Cash, saying North Korea's Lazarus Group used the service to launder more than $100m.
positive
BNB is trading at $300, down 7% over the past day. Notably, however, the coin is performing much better than most other coins in the market, which are down double digit percentage points in 24 hours. Can BNB become the largest coin? Read on to find out more.
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Tether and Circle confirmed no exposure to FTX or its sister trading firm Alameda as the liquidity crisis grips the crypto market.\xa0
neutral
The next edition of Cointelegraph’s AMA series is set for November 9th with a project that is using Bitcoin technology to innovate in DeFi.
neutral
Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets.
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"Do not use a token you created as collateral" and "do not borrow money if you run a crypto business," Zhao alerted.
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Binance will follow Gate.io's and Kraken's example and start doing Proof of Reserve, said Changpeng Zhao.
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Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
neutral
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
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A criminal court in Argentina's Córdoba has jailed two men \x93 a businessman and a surgeon \x93 for their part in developing a pyramid scheme based on selling fake tokens they claim were \x9caffiliated\x9d with the OneCoin crypto scam.
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Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week.
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A Twitter user argued that the FTX crisis was only a black swan event that only its executives and a few others could have seen coming.
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Japan's largest mobile telecoms operator NTT DOCOMO has announced plans to invest up to 600 billion yen ($4 billion) into Web3 infrastructure.
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FTX Token price prediction is bearish as FTT has plunged over 80% from $22 to $4. On Tuesday, Sam Bankman-Fried shocked the cryptocurrency community by announcing that Binance would acquire his exchange, FTX. With the drop in FTX Token, the market is experiencing risk-off sentiment, which is driving the overall crypto market downtrend. Here's an alternative coin to consider investing in.
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Coinbase experienced network connection issues, which it says were caused by a higher level of sign-ups and transfers. Kraken, meanwhile, said it saw brief and intermittent connectivity issues.
neutral
A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone \x93 as tensions escalate between North Korea and its southern neighbor.
neutral
According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient.
positive
Ethereum network fees skyrocketed tenfold to as much as 318 Gwei on November 8 amid an ongoing crypto market crash.
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Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on.
negative
The XRP price has crashed by 18% in the past 24 hours, as news surrounding FTX's possible collapse drags down the wider cryptocurrency market.
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The price of almost all major cryptocurrencies crashed today after it was announced that major crypto exchange FTX will be acquired by rival Binance in a strange turn of events.
positive
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days.
positive
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”
positive
Users can pay bills with cryptocurrency directly from their crypto wallet or using a payment processor acting as an online crypto payment gateway.
neutral
Crypto markets are hemorrhaging at the moment in one of the largest daily slumps this year. The move has been ignited by this week’s FTX and Binance battle.
neutral
BTC price pressure sees sellers take out existing two-year macro lows, but optimism over a relief 'pump' is building.
positive
The cryptocurrency market continues to shed blood, with the majority of cryptocurrencies trading in the red on November 9 due to panic selling yesterday, fueled by rumors of FTX's insolvency. While Bitcoin fell to nearly $18,000, Ethereum was on the verge of a significant loss below $1,300.
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A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region.
positive
TheÂ\xa0global cryptocurrency marketÂ\xa0is in a bloodbath, with the total crypto market cap down over 12% from yesterday and the market cap of DeFi coins down more than 13%.Â\xa0BitcoinÂ\xa0fell more than 16%, breaking the yearly low in June and setting a new low of $17,114. Similarly,Â\xa0FTT fellÂ\xa0by more than 85% before recovering to trade above $2.70.
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The BAYC founders want an NFT creator royalties model that ensures transferring NFTs between wallets remains free and encourages creators to remain within the NFT ecosystem.
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The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date.
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The call for a more detailed disclosure of liquidity through the use of 'Proof-of-Reserves' has been backed by many high-profile industry figures.
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CZ took to Twitter on Nov. 8 sharing 'two big lessons' that crypto companies should learn amid the downfall of crypto exchange FTX.
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Coinbase’s CEO reiterated what makes his company’s business model less prone to bank-run style events.\xa0
positive
NTT Docomo collaborated with Accenture to create a technology platform for Web3 and invest nearly $4 billion in the sector.
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The American company is currently working on a 400-megawatt expansion at its Rockdale, Texas, facility.\xa0
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They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform.
positive
The US midterm elections are underway, and the outcome could have a larger impact on the future of crypto regulation than most people believe.
positive
Bitcoin price is down, trading at a new yearly low, but what are the primary reasons behind the most recent decline?
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The FTT price has crashed, destroying billions in value and sending the crypto market into a tailspin, but some savvy traders are buying these 3 coins.
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Battle Infinity's native IBAT token is set to list on the MEXC exchange this week. The digital asset will experience a significant surge in investor exposure and liquidity due to its MEXC listing.
neutral
The native token for the Tamadoge gaming ecosystem, TAMA, is currently set to be listed on the Hong Kong-based exchange, Gate.io this week.
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The crypto market is dumping after Binance announced its acquisition deal with FTX, with FTT suffering major losses.\xa0
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The SEC had fined the company over the same product nine months back.
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SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last?
neutral
Bitcoin price prediction was bearish; however, it has shifted to bullish above the double bottom level of $19,230. Binance, a cryptocurrency exchange, has signed a non-binding letter of intent (LOI) toÂ\xa0buy the FTX exchange. Binance CEO Changpeng Zhao said this would assist in relieving pressure on the FTX exchange's liquidity.
positive
Calvaria is a brand new P2E gaming ecosystem that is taking the crypto community by storm.
neutral
Despite the fact that blockchain-based technology has been around for decades, it only caught up to speed with the rise of Bitcoin. The idea of a decentralized network brought forward
positive
XRP price appears to have a long-term bullish outlook, but that largely depends on whether Ripple will win the case against the SEC.
neutral
Binance may even end up buying FTX outright as withdrawals resume on promises from the world's largest crypto exchange.
positive
LINK is the only crypto asset in the top 20 that is currently flashing green.
neutral
Get your daily, bite-sized digest of cryptoasset and blockchain-related news.
positive
LINK could drop to nearly $4 by December 2022 given its failure to close above a key resistance level despite strong whale accumulation.
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NFT membership models are being leveraged to solve challenges faced by the fitness industry.
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On-chain Ethereum and Solana data shows that the exchange is no longer processing withdrawals.\xa0
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The SEC has won a court case against the blockchain-based publishing platform LBRY, setting \x9ca dangerous precedent\x9d for crypto regulation in the US.
positive
The Central Bank of Russia has released a report that focuses on digital assets and how the new technology could be integrated into its traditional financial system.