Can Solana’s NFT space manage to restore SOL’s position in the crypto market

Will these updates in the NFT space be enough to restore SOL’s past glory? 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, […]
Source: AMBcrypto
Original Post: Can Solana’s NFT space manage to restore SOL’s position in the crypto market

Trading platform INX files purchase bid for Voyager Digital’s assets with US Bankruptcy Court

Trading platform (INX) in a November 30th announcement submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital.
Source: BTCManager.com
Original Post: Trading platform INX files purchase bid for Voyager Digital’s assets with US Bankruptcy Court

BlackRock’s Larry Fink says crypto is relevant

In an interview, Larry Fink, CEO of BlackRock, said that there appear to have been “misbehaviors” by the now-bankrupt FTX crypto exchange but that the technology behind crypto is relevant for the future.
Source: BTCManager.com
Original Post: BlackRock’s Larry Fink says crypto is relevant

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 opinion]: APE, SUSHI, LTC.”

Sherpa shifts to Binance Coin (BNB), saying the cryptocurrency issued by the giant global crypto exchange may also rally.

“Mega EMA [exponential moving average] support on the 4 hours around here. I think this is a decent area to long tbh [to be honest] but I don’t see a ton of s/r [support/resistance] support. Still a good one to consider for longer-term plays though.”

Image
Altcoin Sherpa/Twitter

Altcoin Sherpa also gives a market update on Bitcoin (BTC) in a new strategy session video.

He says that Bitcoin’s price will likely regain ground early next month after its fast fall in early November from the $21,000 price level when the FTX crypto exchange imploded.

8:45: “I do believe that price should fill out some of this inefficient move here from $21,000 all the way down to $15,000… I am not saying it’s necessarily going to go to $20,000, but maybe it goes like $18,000 or something like that. And then potentially new lows. I don’t know where the new lows will go.”

At time of writing, Bitcoin is trading hands at $16,833.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Yueh Chiang/mbezvodinskikh

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.


Source: Daily HODL
Original Post: Litecoin (LTC), Apecoin (APE) and One DeFi Altcoin Looking Ripe for Rallies, According to Popular Crypto Analyst

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 their power.

“The blockchain industry was built on the promise of decentralization, but ended up being concentrated in the hands of a few who began to abuse their power. As a result, a lot of people lost their money when FTX, one of the largest exchanges, went bankrupt.

The solution is clear: blockchain-based projects should go back to their roots – decentralization. Cryptocurrency users should switch to trustless transactions and self-hosted wallets that don’t rely on any single third party.”

According to Durov, Telegram will now update Fragment, its popular decentralized auction platform, to include non-custodial crypto wallets and a decentralized exchange platform, a move he says could help right the wrongs caused by excessive centralization.

“This week, Fragment will expand beyond usernames. Telegram’s next step is to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges for millions of people to securely trade and store cryptocurrencies.

This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users.”

Earlier this month, FTX, a prominent centralized exchange, went bankrupt after its CEO Sam Bankman-Fried allegedly mishandled billions of dollars worth of customer funds, most of which is still missing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Klavdiya Krinichnaya

The post Telegram Will Build New Decentralized Exchange and Crypto Wallet, According to Founder Pavel Durov appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Telegram Will Build New Decentralized Exchange and Crypto Wallet, According to Founder Pavel Durov

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.
Source: Coindesk
Original Post: Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce

Bankruptcy court told FTX and Alameda they owe BlockFi $1B

Court confirms that FTX and Alameda owe BlockFi $1 billion after chapter 11 bankruptcy protection filing. While BlockFi has attempted to separate itself from FTX and Alameda during its bankruptcy proceedings, it has numerous financial ties to these SBF-owned companies.…
Source: BTCManager.com
Original Post: Bankruptcy court told FTX and Alameda they owe BlockFi B

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.


Source: Cointelegraph.com
Original Post: Huobi, Poloniex announced strategic partnership despite initial denials of a merger

Sam Bankman-Fried confronted over the fall of FTX in live interview

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


Source: Cointelegraph.com
Original Post: Sam Bankman-Fried confronted over the fall of FTX in live interview

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 […]
Source: AMBcrypto
Original Post: UNI is ripe for buying opportunities after a bullish crossover, but…

Telegram to release Fragment, a decentralized crypto platform

Telegram network builds Fragment, a crypto exchange that allows decentralization in response to the collapse of the centralized FTX crypto exchange. Telegram fortifies against the “tyranny” of centralization Founder of the social networking site VK and Telegram Messenger and entrepreneur…
Source: BTCManager.com
Original Post: Telegram to release Fragment, a decentralized crypto platform

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.


Source: Cointelegraph.com
Original Post: Total crypto market-cap hits 0M as Bitcoin and altcoins recover from FTX’s collapse

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 cycle really that the accumulation does come in, right? People buy, they put a floor on the price, the volatility drops. And we saw that in the 2018 bottom, 2015 bottom. We even saw it in the 2012 bottom. So, yeah, sure, people are holding the price up because they want Bitcoin.”

Woo says BTC is showing resilience in the face of market headwinds, including crypto lending firm BlockFi’s recent bankruptcy filing.

“It’s being absorbed. What was really interesting with the BlockFi bankruptcy, we saw a sort of pullback. It went down beforehand. I kind of think that was inside sellers, knowing that the announcement would happen. It went down $500 or something like that and it got quickly absorbed. And then now we’re breaking to the upside. So I think we’ve got a lot of buyers at this price.

Certainly, the indicators I have are showing when you see a lot of coins moving and the price going sideways that’s a sure sign of accumulation. So that’s been happening. I’m tracking it. That’s the reason why it’s going sideways.”

As far as what price Bitcoin could potentially bottom out, the analyst has his eye on somewhere between $14,000 and $10,000, which he previously revealed as part of a “max pain model” last week.

“$12,000 wouldn’t shock me. $10,000, I think everyone’s wanting and so it usually doesn’t happen what everyone wants. So $12,000 wouldn’t shock me, $12,000, $13,000. It may run away from here or it may drop even further. These are very broad-stroked indicators. But it’s probably not a bad time to dollar-cost [average] in.”

At time of writing, Bitcoin is trading hands at $16,798.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Liu zishan

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.


Source: Daily HODL
Original Post: Top On-Chain Analyst Willy Woo Says Bitcoin Mirroring 2015 and 2018 Bottom Formation – Here’s His Forecast

Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December

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 Following Powell’s Speech at Brookings Institution

On the last day of November, the U.S. central bank’s chief Jerome Powell offered a “progress report on the Federal Open Market Committee’s (FOMC) efforts.” The Fed chair’s speech at the Brookings Institution in Washington hinted at the possibility of smaller rate hikes starting in December.

“It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down,” Powell said. “The time for moderating the pace of rate increases may come as soon as the December meeting.”

After Powell’s speech, equity markets spiked and cryptocurrencies and precious metals followed suit. A troy ounce of .999 fine gold jumped 1.15% higher during the last 24 hours, while an ounce of fine silver rose by 4.45%, according to the New York Spot Market Price. Gold is currently exchanging hands at $1,770 per ounce and silver is swapping for $22.27 per ounce.

Gold bug and economist, Peter Schiff, added his two cents about Powell’s commentary on Wednesday afternoon. “Investors are no longer buying what Powell is selling,” Schiff said via Twitter. Schiff remarked that “not only will the economy crash” but it will also be “another financial crisis,” the economist opined.

All four major stock indexes rallied on Wednesday afternoon as well following Powell’s speech. Nasdaq, the Dow Jones, S&P 500, and NYSE were all up between 2% and close to 5% higher against the U.S. dollar. Equities investors believe Powell plans to settle down with large rate hikes following his commentary at Brookings Institution.

Powell’s statements, however, noted that restrictive policy is still needed to remain in place for quite some time. “It is likely that restoring price stability will require holding policy at a restrictive level for some time,” Powell detailed. “History cautions strongly against prematurely loosening policy. We will stay the course until the job is done,” the Fed chair added.

Cryptocurrencies also benefitted after Powell’s speech as the entire crypto economy increased 3.11% against the U.S. dollar on Wednesday afternoon. Bitcoin (BTC) rose above the $17K per unit zone, rising 3.43% against the greenback. Ethereum (ETH) jumped 5.66% higher on Wednesday nearing the $1,300 per unit range.

What do you think about the market reaction to Jerome Powell’s speech on Wednesday? Let us know what you think about this subject in the comments section below.


Source: Bitcoin.com
Original Post: Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December

Bitcoin custodial firm Casa adds ethereum

The Bitcoin custody firm, Casa, has added ethereum to its’ portfolio its personal custodial wallets and security services. Casa stated that this demand was due to existing members’ overwhelming demand for the company to have Ethereum in its security network.…
Source: BTCManager.com
Original Post: Bitcoin custodial firm Casa adds ethereum

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.


Source: Cointelegraph.com
Original Post: US CFTC commissioner calls for new category to protect small investors from crypto

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

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


Source: Cointelegraph.com
Original Post: Market maker Keyrock closes million in Series B funding round

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

Compound tightens its rules to prevent Aave-like exploit, details insideCompound 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 […]
Source: AMBcrypto
Original Post: Compound tightens its rules to prevent Aave-like exploit, details inside

Coinbase clarifies bug bounty policy in response to Uber extortion verdict

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


Source: Cointelegraph.com
Original Post: Coinbase clarifies bug bounty policy in response to Uber extortion verdict

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.


Source: Cointelegraph.com
Original Post: Sen. Warren: Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks