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One-minute letter | CT

​​Web3 creators at higher a loss for royalties than anticipated: data, & Other News

The best of crypto news, prepared fresh and hot every day:

Binance concealed ties to China for years, even after 2017 crypto crackdown: Report
Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017.

‘Definitely not bullish’ — 7% Bitcoin price gains fail to convince traders
Bitcoin simply hasn’t dealt with the worst of resistance in a key trading range for everyone to flip bullish.

XRP price tags 10-month high — Can a 35% pullback be avoided?
A U.S. regulator called Bitcoin, Ether and Litecoin commodities in its court filing against Binance; it did not mention XRP anywhere.

Web3 creators at higher a loss for royalties than anticipated: data
New data from research by eBit Labs and LiveArt marketplace reveals that the previous estimates of creator royalty losses, which were around $35 million, may be much higher.

AD. Meet commercial NFTs: The next step in Web3 evolution
A new survival MMORPG PvP enables players to set up shop within the game and become a core part of the blockchain economy.

AD. This platform opens up an innovative solution for crypto micropayments and e-commerce
This online shop highlights the advantages of crypto payments and may trigger a revolution in e-commerce.

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One-minute letter | CT

​​Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip, & Other News

The best of crypto news, prepared fresh and hot every day:

FTX influencers face $1B class-action lawsuit over alleged crypto fraud promotion
The suit is led by Edwin Garrison and was filed against “FTX influencers,” primarily on YouTube.

Shiba Inu community divided over allegations of code, chain ID plagiarism
“I just want to know why, we, a billion dollar project that paid $10m dollars to develop our layer 2, have another projects Chain ID,” wrote one user.

Bitcoin dominance nears 50% as research hails ‘bullish’ narrative flip
The comedown of the past nine months has disappeared during this week’s bank-crisis-inspired Bitcoin price surge.

India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand.

AD. First NFT real-world stores are setting a phygital trend
NFT shopping becomes a real-world experience in Dubai, with physical stores opened in the international business hub.

AD. Southeast Asia and DeFi’s Big Bet on the unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation.

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One-minute letter | CT

​​US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap,’ & Other News

The best of crypto news, prepared fresh and hot every day:

US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’
Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted due to extreme losses.

Circle taps Cross River as banking partner, expands ties with BNY Mellon
Circle announced a new banking partner after Silicon Valley Bank’s failure, and is expanding ties with BNY Mellon.

314M USDC sent to null address as redemptions begin: Report
The token is on the verge of restoring its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.

Why is Ethereum (ETH) price up today?
Ethereum's price is up today, with the U.S. authorities' emergency measures to contain an unfolding banking crisis improving the short-term outlook.

AD. DEX aggregators: The ultimate solution to reduce price slippage in DeFi
Price slippage occurs in both centralized and decentralized exchanges, but what are the causes and risks associated with it?

AD. This blockchain company brings modern AgTech to smallholder farmers in developing countries
The gap between technology and affordability prohibits farmers from maximizing land usage, a key contributor to world hunger.

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One-minute letter | CT

​​Binance adds 11 tokens to PoR, claims $63B in reserves, & Other News

The best of crypto news, prepared fresh and hot every day:

Key Bitcoin price metrics point to BTC downside below $22.5K
BTC’s $1,420 decline in the span of 1-hour negatively impacted demand for stablecoins in Asia and it shifted futures traders into a more defensive attitude.

Why is the crypto market down today?
The crypto market is down today as hawkish language from the Federal Reserve suggests that the next interest rate hike will exceed the market consensus.

US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report
Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law.

Binance adds 11 tokens to PoR, claims $63B in reserves
The results have not been audited by any accounting firms.

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One-minute letter | CT

​​Proactive sanctions can help spare the ecosystem: Chainalysis exec, & Other News

The best of crypto news, prepared fresh and hot every day:

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.

Mazars says users' BTC reserves on Binance are fully collateralized
The scope of the AUP was limited to users' BTC holdings on Binance.

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.

Institutional investors still eye crypto despite the FTX collapse
Data sent by crypto exchange Bitstamp shows that institutional registrations in the trading platform increased by 57% in November.

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One-minute letter | CT

​​Vitalik Buterin discusses his 'excitement' for the future of Ethereum, & Other News

The best of crypto news, prepared fresh and hot every day:

USDC issuer Circle terminates SPAC merger with Concord
The deal previously valued Circle at $4.5 billion in July 2021 before an upward revision to $9 billion in February 2022.

Vitalik Buterin discusses his 'excitement' for the future of Ethereum
Buterin was specifically bullish on the rise of decentralized blockchain identities to enhance user privacy.

BTC price levels to watch as Bitcoin holds $17K into the market open
BTC price strength allows cautious Bitcoin traders outline targets above $17,500.

SEBA Bank partners with HashKey for institutional crypto adoption
The two firms will create solutions for institutional investors seeking to dive into the crypto ecosystem.

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One-minute letter | CT

​​FTX stake in US bank raises concerns about banking loopholes, & Other News

The best of crypto news, prepared fresh and hot every day:

1inch releases new tool to protect traders against ‘sandwich attacks’
The company said that the new tool works by allowing users to submit transactions directly to validators.

Here’s how centralized exchanges aim to win back users after the FTX collapse
“We need to stop telling people to trust us and give them an actual reason to,” said Eric Demuth, CEO of Bitpanda.

FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank, Jean Chalopin, also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.

PARTNERSHIP. New horizons: Angelic on cross-chain expansion
Despite market uncertainty, one NFT game has lit a path forward with stunning visuals, a gripping story and new cross-chain capabilities.

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One-minute letter | CT

​​Bitcoin may need $1B more on-chain losses before new BTC price bottom, & Other News

The best of crypto news, prepared fresh and hot every day:

Crypto awakening: Researcher explains ETH exodus from exchanges
On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse.

Bitcoin may need $1B more on-chain losses before new BTC price bottom
BTC price losses are not yet bad enough to rival previous Bitcoin bear market troughs, data suggests.

US Sen. Elizabeth Warren says crypto will ruin economy — Community responds
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.

PARTNERSHIP. Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue
Across crypto and fiat, many consumers are making a fatal error: they're letting their assets sit idle in accounts without earning interest.

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One-minute letter | CT

​​First official DAO in the US to fight SEC without attorneys, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin price levels to watch as traders bet on sub-$14K BTC
Bitcoin bear market lows come in various shapes and sizes but BTC price is due to dip further, many analysts say.

First official DAO in the US to fight SEC without attorneys
American CryptoFed DAO begins a litigation battle with the SEC over 2021 token registrations and opts not to have attorneys in its fight for registration.

FTX hacker dumps 50,000 ETH, still among top 40 Ether holders
The FTX wallet drainer address has been meticulously swapping assets and using bridges to launder stolen funds.

PARTNERSHIP. Miami's next big Web3 summit announces packed agenda featuring high-profile speakers
What are the key trends in Web3 right now, and where is the industry heading next? This upcoming conference aims to find out.

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One-minute letter | CT

​​Binance, OKX and Bybit suspend USDT and USDC deposits on Solana, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin price target now $13.5K as BTC trader says ‘exit all the markets’
Bitcoin shrugs off FTX news, but analysts warn BTC and altcoins are due significant losses.

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins.

US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets.

SBF received $1B in personal loans from Alameda: FTX bankruptcy filing
A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies.

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One-minute letter | CT

​​Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation,’ & Other News

The best of crypto news, prepared fresh and hot every day:

Exchanges delist FTX Token pairs from trading platforms
Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms.

FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days?
An exodus from centralized cryptocurrency exchanges after FTX’s collapse appears to be the primary reason behind Trust Wallet Token’s massive rally.

FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing
The FTX hacker managed to steal $477 million out of the $650 million moved on-chain on Nov.11 and currently holds $62 million in total assets.

Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing.

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One-minute letter | CT

​​Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound, & Other News

The best of crypto news, prepared fresh and hot every day:

Breaking: FTX appears to have resumed withdrawals, blockchain data shows
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.

Report: Tether freezes $46M of FTX’s USDT, setting new precedent
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.

Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
Tether follows Tron’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.

PARTNERSHIP. Bitcoin as the foundation of DeFi | AMA with DeFiChain
Join us on YouTube for our next AMA session featuring a platform seeking to forge a new way forward in DeFi.

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One-minute letter | CT

​​FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX, & Other News

The best of crypto news, prepared fresh and hot every day:

Breaking: Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’
FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.”

Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’
Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange.

FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last?

Chainlink plunges from three-month high as LINK price eyes another 50% correction
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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One-minute letter | CT

​​Bitcoin sets new 7-week high as BTC price jumps past $21K on US jobs, & Other News

The best of crypto news, prepared fresh and hot every day:

Dogecoin trader explains why shorting DOGE now makes sense
The independent market analyst will short Dogecoin even more if Elon Musk goes ahead with his plans to add DOGE payments to Twitter.

Bitcoin sets new 7-week high as BTC price jumps past $21K on US jobs
Just like that, BTC price action marks its highest levels since mid-September as U.S. unemployment data hints Fed rate hikes are working.

Elrond rebrands as MultiversX, shifts focus to the metaverse
The blockchain developer announced it will transform into MultiversX, as it shifts focus on metaverse development and introduces three new products.

PARTNERSHIP. In current bear market, crypto derivatives offer crucial diversification for portfolios
Extraordinary levels of volatility — brought about by challenging headwinds in the global economy — mean going long on Bitcoin or Ether isn't necessarily the best play.

PARTNERSHIP. Cartesi Founder on what needs to be done to make Ethereum scalable
While a monumental achievement for Ethereum, The Merge was not a cure-all. We’ve spoken with the founder of Cartesi on what still needs to change.

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One-minute letter | CT

​​Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike
The Fed acts as expected, with comments from Chair Jerome Powell still to come as BTC/USD wakes up.

Why is Bitcoin price up today?
Bitcoin, altcoins and stocks rallied after the Federal Reserve rolled out another 0.75% interest rate hike, but is the current bullish momentum sustainable?

McDonald’s, pizza and coffee paid in Bitcoin: The Plan B for crypto payments
Crypto payments are taking off in a big way in Lugano, Switzerland with 60 merchants and counting.

PARTNERSHIP. This platform has just taken a big step to becoming a true crypto super app
An app that brings crypto and fiat together in one place has unveiled a suite of major improvements — and can now be used in the U.S. and Canada.

PARTNERSHIP. How can the entertainment industry benefit from blockchain?
Join us for an AMA with Solis, a company that facilitates direct engagement between creatives and their communities to revolutionize the financing, monetization and production of film, television and digital content.

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One-minute letter | CT

​​Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K, & Other News

The best of crypto news, prepared fresh and hot every day:

Belgian FSMA surveys crypto investors before taking on new ad regulation authority
Crypto ads in Belgium will bear a blunt warning after a new regulation takes effect in May, and “mass” advertising campaigns will be subject to advance FSMA approval.

Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K
Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish momentum.

Blockchain gaining adoption in more than just DeFi: Report
Blockchain and other distributed ledger technologies are being adopted in many areas beyond DeFi and the metaverse.

Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility.

AD. Threats to crypto have never been greater, but mass adoption is imminent
What does the future for crypto bring amid 2023’s convergence of events, challenges and opportunities?

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One-minute letter | CT

​​Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin derivatives suggest $26K resistance level won’t hold for long
BTC margin and options markets show no signs of discomfort or overconfidence despite 28% gains in two days.

Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says
While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tětek said they are “definitely good” for Bitcoin.

Wyoming’s private keys bill addresses growing threat to rights and assets
Wyoming’s new law ensures that courts won’t overstep their authority in requiring individuals to disclose their private keys.

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader
Crypto trader Zoran Kole joined Cointelegraph’s Crypto Trading Secrets podcast for an interview for the show’s seventh episode.

CT Acceleration. AI-based tools bring security and transparency to the NFT market
AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.

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One-minute letter | CT

​​Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K, & Other News

The best of crypto news, prepared fresh and hot every day:

SWIFT moves to next phase of CBDC testing after positive results
According to a recent survey by the OMFIF Digital Monetary Institute that was cited by SWIFT, 24% of central banks will introduce a CBDC within the next couple of years.

Why is XRP price up today?
Can Ripple pull off a win against the SEC? XRP’s price has been seeing moderate gains despite a general cryptocurrency market pullback.

Bitcoin price levels to watch as trader says ‘lights out’ below $21.6K
BTC price action is getting traders worried that $20,000 may not survive in the event that Bitcoin loses current support.

CoinTracker integrates with H&R Block to offer crypto tax preparation
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings.

AD: More and better data for DApps: This project makes it happen
Giving DApps access to more data could offer more value to the masses, and one company is pioneering this shift.

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One-minute letter | CT

​​Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI, & Other News

The best of crypto news, prepared fresh and hot every day:

SEC continues streak of enforcement actions, targets BKCoin for alleged $100M fraud
The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds “to make Ponzi-like payments.”

Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.

Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.”

Naira redesign no more: President’s directive canned by Nigerian Supreme Court
The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation.

CT Acceleration: Forget time-consuming DeFi practices — Simple solutions for auto-farming
DeFi is still in its infancy, yet companies are competing to offer the most convenient and high revenue-generator tools. The latest developments in the space are explored.

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One-minute letter | CT

​​US lawmakers request answers from Silvergate over ties to FTX: Report, & Other News

The best of crypto news, prepared fresh and hot every day:

Chainlink launches staking to increase the security of oracle services
Stakers will earn Chainlink tokens as they participate in a decentralized alerting system that flags the network when feeds are not meeting performing requirements.

US lawmakers request answers from Silvergate over ties to FTX: Report
Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."

Ethereum 'March 2020' fractal hints at price bottom — But ETH bears predict 50% crash
Ethereum market analysts desperately search for the bottom but ETH price technicals aren't excluding further downside below $700.

Bitcoin clings to $17K as ARK flags 'historically significant capitulation'
BTC price action is suffering from FTX, but decentralized blockchains are "as strong as ever," says ARK Invest.

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One-minute letter | CT

​​Demand for liquid Ethereum staking options continues to grow post-Merge, & Other News

The best of crypto news, prepared fresh and hot every day:

Binance hires audit firm that served Donald Trump to verify crypto reserves
Mazars’ U.S. division was the longtime accounting firm for former United States President Donald Trump’s company.

Demand for liquid Ethereum staking options continues to grow post-Merge
Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.

CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
CFTC has faced a lot of scrutiny in the wake of FTX collapse due to its ties with the crypto exchange and SBF’s efforts to put the committee as the key oversight body for crypto.

PARTNERSHIP. Party-to-earn: Blockchain breaking down the doors in electronic music community
With access getting more exclusive and ticket prices rising, electronic music fans are at the heart of a new push to rebalance the scene.

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One-minute letter | CT

​​Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator, & Other News

The best of crypto news, prepared fresh and hot every day:

First time Bear market? Advice from Bitcoin Bull Michael Saylor
Homeowners don’t check the price of their homes while drunk at a party, so why check the price of Bitcoin in that way, Michael Saylor joked.

Bitcoin exchanges see 180K BTC supply decrease amid Mt. Gox BTC sales
Bitcoin from the 2014 Mt. Gox hack are on the move again, with 65 BTC sent to exchange HitBTC on Nov. 22.

Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator
The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to “secure” FTX’s digital assets.

PARTNERSHIP. Could Payin3 be the next big thing in crypto? Interview with Uquid CEO Tran Hung
After “buy now, pay later” transformed retail, one platform is bringing it to crypto.

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One-minute letter | CT

​​Bitcoin price returns to $16K amid warning over BTC whale selling, & Other News

The best of crypto news, prepared fresh and hot every day:

Mango Markets hacker allegedly feigns Curve short attack to exploit Aave
It appears that shorting of CRV tokens was a distraction shot to exploit a sophisticated loophole on DeFi platform Aave.

Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?
Litecoin diverged from the broader crypto market downtrend in the months leading up to its halving in August 2023.

Bitcoin price returns to $16K amid warning over BTC whale selling
Bitcoin’s modest recovery from two-year lows comes as major BTC price support emerges at $12,000.

CoinMarketCap launches proof-of-reserve tracker for crypto exchanges
The tool allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses, along with the balance and value of the wallets displayed.

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One-minute letter | CT

​​Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis, & Other News

The best of crypto news, prepared fresh and hot every day:

Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next
BItcoin exchange inflows echo 2018 crypto capitulation, but the reasons for the largescale moves from Binance remain unclear.

Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis
BTC’s price targets now include $12,000, with Ether potentially falling to $800 for the pit of the bear market.

Crypto self-custody a ‘fundamental human right’ but not risk-free: Community
Ethereum co-founder Vitalik Buterin warned that risks of having bugs in smart contracts are still present when opting for self-custody.

PARTNERSHIP. Aether Games sets sights on dark fantasy DeFi dynasty
With a roster full of entertainment industry notables, Aether Games is building what may become the next definitive gaming universe.

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One-minute letter | CT

​​Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC, & Other News

The best of crypto news, prepared fresh and hot every day:

FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing
“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC
The latest casualty of the FTX meltdown raises concerns over the Grayscale Bitcoin Trust institutional investment fund.

Genesis Global halts withdrawals citing 'unprecedented market turmoil'
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.

PARTNERSHIP. The key to bridging the gap between crypto and TradFi
Proving the provenance of crypto assets could bring investors a step closer to utilizing them alongside traditional financial instruments.

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One-minute letter | CT

​​Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop, & Other News

The best of crypto news, prepared fresh and hot every day:

Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy
Bitcoin, altcoins and crypto-linked stocks correct sharply after FTX officially files for bankruptcy with BTC price slipping below its June lows again.

FTX collapse: The crypto industry’s Lehman Brothers moment
The collapse of FTX came as a surprise to many, but as more information pours in, it seems FTX's liquidity crisis began sooner than many thought.

FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns
FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.

Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop
A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price.

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One-minute letter | CT

​​Bitcoin price risks $17K amid claim Binance may reject FTX takeover, & Other News

The best of crypto news, prepared fresh and hot every day:

Some central banks have dropped out of the digital currency race
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.

Bitcoin price risks $17K amid claim Binance may reject FTX takeover
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.

Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week.

PARTNERSHIP. bitsCrunch and Cointelegraph create global alliance to bring NFT data analytics and forensics tools to the masses
Cointelegraph and bitsCrunch have entered into a strategic partnership. The partners will unite their efforts to increase the transparency of the NFT market by creating joint media, educational and analytical products.

PARTNERSHIP. How DeFi on Bitcoin is changing Web3
Can you run DeFi on Bitcoin? We ask this question and more in an exclusive ask me anything session with DeFiChain.

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One-minute letter | CT

​​FTX addresses user withdrawal complaints amid major token movement, & Other News

The best of crypto news, prepared fresh and hot every day:

US authorities announce conviction connected to Bitcoin stolen from Silk Road
U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin.

Solana erases its ‘Google rally’ gains, but a 50% SOL price recovery is still in play
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price will recover in the coming months.

FTX addresses user withdrawal complaints amid major token movement
The exchange assured users in a series of Tweets that withdrawals should be moving along and matching engines are running as they should, though some users didn’t buy it.

PARTNERSHIP. Automation opens up pathway to a simplified, more user-friendly DeFi
Hunting for the best opportunities in the world of DeFi is often time consuming. But automation is changing that.

PARTNERSHIP. In this racing game, NFTs from multiple collections can compete with one another
This blockchain-fueled racing game is creating a world where NFTs from multiple collections can compete with one another.

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One-minute letter | CT

​​Mastercard adds 7 blockchain startups to its crypto accelerator, & Other News

The best of crypto news, prepared fresh and hot every day:

The Sandbox co-founder explains how the metaverse has evolved for brands: Web Summit 2022
According to a co-founder of The Sandbox, the future of the metaverse is in a state of evolution, with both brands and users as important catalysts of growth.

MATIC price eyes 200% gains on Polygon adoption by Instagram, JPMorgan
Polygon’s list of high-profile partners is getting longer, with Disney, Starbucks and Robinhood already boarding its blockchain.

Mastercard adds 7 blockchain startups to its crypto accelerator
The crypto gateway provider Fasset and Singapore’s Digital Treasures Center are among the startups entering the latest Mastercard Start Path program.

Litecoin pre-halving fractal hints at 200% LTC price rally by July 2023
Litecoin’s momentum indicators signal extremely oversold conditions, hinting at the formation of a potential market bottom.

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One-minute letter | CT

​​Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high, & Other News

The best of crypto news, prepared fresh and hot every day:

MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico
Mushegian was an important figure in the crypto community, contributing to multiple projects, including MakerDAO, BitShares and Balancer.

Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high
DOGE continues to outperform among major cryptocurrencies with macro volatility incoming thanks to the Fed.

Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.

PARTNERSHIP. NFT ticketing marketplace strikes partnership with Elrow Dubai
After taking the art world by storm, the music industry is becoming the next destination where nonfungible tokens are having a real impact

PARTNERSHIP. Why the battle for low or no transaction fees really matters
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.

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