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Cryptocurrency News

Location American Cryptocurrency News for 8 November 2023
Bitcoin 'short squeeze' sends BTC price to $35.9K as OI stays elevated More than $15 billion in Bitcoin open interest reaches a predictable conclusion as shorts get squeezed and BTC price action targets $36,000.
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South Korean Police Shut Down 'International Crypto Fraud' Ring, Freeze $1.2m Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected "international" crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Departmen...
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Convicted Sam Bankman-Fried's Legal Battles Rage On Amidst SEC, CFTC Charges, and Class Action Fury Sam Bankman-Fried was convicted on all charges in the Department of Justice's fraud case against the ex-FTX chief, but his legal woes are far from over. He is also under pressure from the U.S. Securities and Exchange Com...
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EBA Releases Liquidity Guidelines for Stablecoin Issuers Source: European Banking Authority (EBA) The European Banking Authority (EBA) has issued guidelines regarding liquidity and capital requirements for stablecoin issuers in line with the EU’s new Markets in Crypto Assets...
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Bitcoin Miner Marathon Digital Beats Q3 Earnings Estimates, but Misses on Revenue The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.
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Chainlink (LINK) pumps 26% in 6 days -- Is there room for more? LINK token continues to strengthen as professional traders and enterprise solution clients enter Chainlink's ecosystem.
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Bitcoin Breakout Toward $45K 'Imminent' Says Matrixport Polygon's MATIC and Chainlink's LINK led altcoin gains Wednesday afternoon.
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Arbitrum Voters Polarized Over 'Research' Pitch With $2M Price Tag Proposed coalition of professional researchers could help "accelerate decision-making" at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.
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U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF),...
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BIS Chief Touts Benefits of CBDCs, Says Crypto Reveals 'Poorly Designed and Poorly Supervised Financial Systems' In a Wednesday speech in Basel, Switzerland, Bank for International Settlements (BIS) chief Agustín Carstens argued that central bank digital currencies (CBDCs) will "sit at the core of the future financial system," bri...
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Smart Money Is Moving into This AI Crypto - Here's Why Launchpad XYZ’s presale of its AI crypto LPX token has raised nearly $2 million so far. Image by Pol Solé, Adobe Stock. Artificial Intelligence‘s integration into the financial sector has sparked a new wave of inves...
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NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter Elon Musk slams NFTs on the Joe Rogan podcast only to unintentionally make the case for Bitcoin Ordinals.
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Here Are 3 Reasons Why Now is a Good Time to Buy Bitcoin Bitcoin Logo / Source: Adobe Last trading in the $35,300s and only just below recent yearly highs in near $36,000, Bitcoin (BTC) is up a stunning more than 110% on the year. Having been as much as 77% down from its all-t...
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Glassnode Data Shows Bitcoin Supply Less Liquid Than Ever Despite Market Gains The scarcity of the bitcoin supply has tightened, as revealed by the recent Glassnode study on onchain activities. Observations show that the inactivity of coins is touching both multi-year and unprecedented peaks, despi...
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The Protocol: Kraken Awakens - as Ethereum L2 Candidate In this week's edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase's recent launch of a similar network, amidst a broader trend of ...
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Bitcoin Fees Soar Nearly 1000% Since August as Ordinals Are Back in Vogue Higher fees are also boosting bottom lines for the industry's beleaguered miners, 21Shares noted.
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UK Web3 Firm Pimlico Secures $4.2M Seed Investment Led by a16z Crypto a16z. Source : Twitter/CRYPTOPURITY.COM Pimlico, a UK-based Web3 company, has successfully closed a seed investment round worth $4.2 million, led by the major venture firm Andreessen Horowitz's crypto arm a16z Crypto. Th...
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New BTC price levels to watch as Bitcoin avoids $36K

Coin Telegraph - 8 Nov 2023 19:26
New BTC price levels to watch as Bitcoin avoids $36K BTC price liquidity is on the move as analysts say the Bitcoin "gameboard is changing" -- another squeeze may result.
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BIS Researchers Say Stablecoins Are Failing to Live Up to Promise For stablecoins to be able to be used as a means of exchange they should be able to maintain their value during the day, economists at the Bank for International Settlements said.
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DeFi's Next Frontier: The Untapped Potential of On-chain Structured Products Jordan Tonani from The Index Coop shares how the next bull-run will see more liquidity going into on-chain structured products.
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Why an Ether Staking Rate Will Increase Crypto Adoption Andy Baehr, managing director at CoinDesk Indices, explains how understanding and measuring Ethereum's integrated staking rate is key to driving innovation and acceptance of ETH-based financial products.
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Founder of Estonia's LHV Bank Lost Access to $472M of Ether "It's no secret that I have a wallet with 250,000 Ethereum units," Lõhmus said in an interview with Estonian national radio channel Vikerraadio in late October.
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