Crypto
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Filecoin Investors are Getting into Metacade – MCADE Presale could Break Records
Cryptocurrencies have helped numerous investors earn big profits in the last few years. But what about those who’ve missed out because they hesitated or found out about an investment opportunity too late? Many people think the new Metacade project could be one of the best crypto to buy now because its opportunity for growth is huge. So why are so many Filecoin holders thinking of moving from FIL over to MCADE? Here’s the answer. FIL holders are starting to invest in Metacade Filecoin is best described as a decentralized storage network that aims to store the information that’s considered most valuable to the human race. Anyone can offer up storage space or store their files with Filecoin. Security and authentication are among the most important features on this platform, and quite a few ma...
‘I never opened the code for FTX’: SBF has long, candid talk with vlogger
Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time, SBF speaks about many of the major questions connected with the collapse of FTX. The first interview was conducted Nov. 6 and released Nov. 29 on YouTube. “I’ve started to trust my gut on things like this,” SBF said, explaining why he selected the relatively unknown figure to speak to. Fong has less than 10,000 subscribers to her channel. “Here’s someone who will, like, approach this from at least a somewhat neutral and interested vantage point,” he said of her. He continued: “We as a society, in my opinion, my humble opinion, have spent quite enough time this week trying to figur...
Learn from FTX and stop investing in speculation
The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here. FTX was the world’s second-largest crypto exchange. Now, it is a meme for the death rattle of absurd amounts of money being poured into refurbished centralized business models whitewashed in faux decentralization. As legendary investor Warren Buffet famously said, “Only when the tide goes out do you discover who’s been swimming naked.” It seems there were more than a few nude bathers in this last cycle. But we’ve seen this before, right? Actually, not quite. Bitcoin (BTC) emerged at the start of the longest financial market bull run in history. The industry it spawned proliferated, literally, in the best of...
Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as he did not want himself, nor the exchange, to be in a country “with a lot of angry people in it.” “The reason I did it was it was critical to the exchange being able to have a future because that’s where I am right now, and you do not want to be in a country with a lot of angry people in it and you do not want your company to be incorporated in a country with a lot of angry people in it,” he said. Bankman-Fried claims he gave Bahamian...
CrossTower to acquire institutional prime brokerage BEQUANT
Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital’s assets. The Nov. 28 acquisition will provide CrossTower with over 600 new professional exchange clients in addition to its existing clientele. The incoming clients are based across the United States, Europe, Asia, and Latin America and are collectively making over $400 billion annually. The purchase comes as CrossTower CEO Kapil Rathi stated on Nov. 24 that CrossTower has long been on the lookout to buy digital asset companies with a “good set of customers” and a “good balance sheet,” which included a second look at the now-bankrupt cryptocurrency lendin...
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), and Stellar (XLM) as well as their networks. The crypto firm cited “low usage” of the four tokens in its decision to stop support starting on Dec. 5. “This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.” Source: Coinbase This story is developing and will be updated. [flexi-common-toolbar] [flexi-form class=”flexi_form_style” title=”Submit to Flexi” name=&...
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space. We start off this week’s show with the latest news in the markets: New BTC miner capitulation? 5 things to know in Bitcoin this week Bitcoin prepares to exit a grim November just above $16,000 — what could be on the menu for BTC’s price this week? We discuss the protests in China, the possibility of Bitcoin miners being on the verge of capitulation and other important things to know about Bitcoin this week. We break down everything that could affect the price of Bitcoin and explain in simple, easy-to-understand language so you’re up-to-date and well-informed. BlockFi bankruptcy filing triggers a w...
OpenSea Seaport Protocol onboards creators and NFT holders on BNB Chain
Crypto collectibles and nonfungible token (NFT) marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace. BNB Chain was built by Binance to operate as a Web3-focused blockchain network powered by the exchange’s in-house token, Binance Coin (BNB). BNB Chain’s integration into OpenSea’s Seaport Protocol aims to provide BNB Chain creators with multiple creator payouts, real-time payouts and collection management, among others. Sharing insights into the move, Gwendolyn Regina, Investment Director at BNB Chain, revealed her intent to deliver better experiences to NFT creators and users. She added: “The integration will bring a large number of...
This simple Bitcoin options strategy allows traders to go long with limited downside risk
Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days. Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi’s demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple’s APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations.” Following the event, several global regulators pledged to focus on developing greater crypto regulat...
Eco-friendly Bitcoin mining pool PEGA Pool set for public launch in Q1 2023
PEGA Pool, a Bitcoin mining pool that will allow ASIC miners to connect and cooperate in mining bitcoin, is set for public launch in Q1 2023. The mining pool is currently in the pre-launch phase. KEY TAKEAWAYS PEGA Pool is a Bitcoin mining pool. ASIC miners will be able to connect to the pool and cooperate in Bitcoin mining. PEGA Pool is currently in the pre-launch phase and will be open to public launch in Q1 2023. Those interested in mining bitcoin using the pool can join the early access waiting list. At the moment, the only clients mining bitcoin with PEGA Pool are a few beta testers and PEGA Mining, which is a sister company to PEGA Pool. PEGA Pool features PEGA Pool stands out since it is British-owned and operated in an era when most mining pools are Chinese. This makes PEGA Pool mo...
Blockchain-based fintech company prepares to enter $500B freight settlement market
The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100. However, few recognize inflation is only part of the problem. Higher costs for products and services are also directly attributable to settlement fees paid by transportation providers who are forced to take out the equivalent of payday loans against their freight invoices. Shipper payment terms in the transportation industry are known to be egregious, and most transportation carriers cannot afford to wait 30–180 days to get paid. Wh...
Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K
Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader teases BTC long as $16,500 reappears Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight. The pair had seen a flash downturn after the Nov. 27 weekly close thanks to uncertainty from China over COVID-19 measures. A recovery nonetheless took the market higher, with $16,500 coming into play at the time of writing. As Cointelegraph reported, traders and analysts had warned that it was all but essential to preserve current support, with a violation opening up the road to $14,000 or lower. Popular trader Crypto Tony even felt comfortable going long BTC on th...
