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The incentives of the fiat system have broken charitable giving, but Bitcoin offers a chance to make real impact without virtue signaling. bit.ly/3f7o14k http://dlvr.it/SdbXjF

Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: “Crypto is here to stay as there are several investors who still have faith in it.” Mark Mobius’ Bitcoin Price Prediction The founder of Mobius Capital Partners, Mark Mobius, shared his latest bitcoin price prediction in an interview with Bloomberg Monday. Prior to starting his own company, Mobius spent more than three decades at Franklin Templeton Investments. He previously served as the executive chairman of Templeton Emerging Markets Group where he managed more than $50 billion in emerging markets portfolios. The veteran investor said that his next target for bitcoin is $10,000, noting that cryptocurrencies are “too dangerous” for him to invest his own cash or his clients’ money in. Despite the collapse of crypto exchange FTX and subsequent market sell-offs, Mobius emphasized: Crypto is here to stay as there are several investors who still have ...

Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX's occurred again. from Cointelegraph.com News https://ift.tt/nLodBJ1 via IFTTT

On-chain activity suggests that the hacker has sent at least 225 BTC (4.5 million) to OKX so far. from Cointelegraph.com News https://ift.tt/HUGS7Cs via IFTTT

Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the United States, has suspended new sign-ups and credit card payments while planning to cease operations in a few months’ time. The move comes despite efforts to overcome the current challenges in the “rapidly evolving” crypto industry, the company announced, quoted by Reuters and Bloomberg. In the statement published on its website, the exchange explained it has “regretfully determined that we need to shut down Bitfront in order to continue growing the Line blockchain ecosystem and Link token economy.” The U.S.-based platform, which launched in 2020, is backed by the Japanese social media firm Line Corp....

The project shared that “a community-wide effort to fork Serum is going strong,” however. from Cointelegraph.com News https://ift.tt/b45WUPt via IFTTT

On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB NFT assets. Opensea Integrates BNB Chain — Marketplace Users Can Now Buy and List BNB-Based NFT Assets This week, Opensea surpassed $33 billion in all-time sales according to statistics recorded by dappradar.com. On Nov. 29, 2022, Opensea revealed that the BNB blockchain will now be supported by the marketplace allowing users to buy and list BNB-based non-fungible token (NFT) assets. Opensea already supports Ethereum, Solana, Klaytn, Arbitrum, Optimism, Avalanche, and Polygon networks. According to Tuesday’s announcement sent to Bitcoin.com News, the “ BNB Chain will be launched on Opensea’s Seaport Protocol in Q4 2022, allowing multiple creator payouts, real-time payouts, collection management...

Certain users have received emails detailing their new access to purchase and sell bitcoin on the Fidelity platform. bit.ly/3f7o14k http://dlvr.it/SdXQ7Q

Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage. from Cointelegraph.com News https://ift.tt/9RHLvN7 via IFTTT

The House event, titled "Investigating the Collapse of FTX," will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1. from Cointelegraph.com News https://ift.tt/C7BtX3c via IFTTT

Reports on Monday detail that the zero-Covid policy protests in China have lowered market sentiment as U.S. equity markets show the top four Wall Street indexes are struggling. The global crypto market cap is down 3.5% and getting awfully close to dropping below the $800 billion mark. Precious metal prices, on the other hand, like gold and silver have remained steady and since Nov. 3, an ounce of gold has jumped 7.06% higher in value against the U.S. dollar. Gold and Silver Hold Steady Amid Turbulent Global Economy, Precious Metals Outpace Stocks and Crypto Assets Financial markets on Monday have been shaky as far as stocks and cryptocurrencies are concerned. Precious metals like gold and silver, however, are holding steady amid the craziness in the world. Some reports are citing Monday’s market shake-up to the civil unrest in China over the country’s zero-Covid policies. Indexes like the Dow Jones, Nasdaq, S&P 500, and NYSE have all opened the day in the red. Additionally, ...

Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week. from Cointelegraph.com News https://ift.tt/9EQ5N1t via IFTTT

“The use of the designation "VERSE" constitutes an infringement of our client's trademarks under German trademark law,” Block’s legal counsel said in a letter to Bitcoin.com. from Cointelegraph.com News https://ift.tt/fM6mlyq via IFTTT

The properties of Bitcoin allow it to protect the human rights of people around the world, as outlined by the United Nations. bit.ly/3f7o14k http://dlvr.it/SdVH14

A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional Investor Survey The Nasdaq-listed cryptocurrency exchange Coinbase published Thursday the findings from a survey it sponsored to understand how decision-makers at U.S. institutions view digital assets. The survey was conducted independently by Institutional Investor Custom Research Lab between Sept. 21 and Oct. 27. A total of 140 institutional investors in the U.S. participated in the survey, representing about $2.6 trillion in assets under management. Coinbase was not involved in sourcing the respondents. Coinbase wrote: Institutional investors increased their allocations during the crypto winter, with many using this as an opportunity to ...

The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms. from Cointelegraph.com News https://ift.tt/zEZGV35 via IFTTT

Independent developers from The Open Network community developed a Telegram bot for trading and transferring cryptocurrency. from Cointelegraph.com News https://ift.tt/Ms6QEBf via IFTTT

The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of the equation leading to this, however, some also include crypto as part of the problem. Venezuelan Currency Takes a Nosedive The Venezuelan currency, the bolivar, has been losing its value at an alarming rate after enjoying a period of relative stability recently. The currency has lost almost a 40% against the U.S. dollar in parallel markets, with citizens being alarmed at the accelerated pace of the devaluation. According to the popular price index Monitordolar , each dollar had a price of 9.05 bolivares on Oct. 25. The exchange rate increased to 12.63 bolivares per dollar on No. 26. There are several explanations for this plunge. According to analysts, this nosedive was expected due to the elevat...

Users who have the most ability to profit from the crass profiteering mechanisms are those who use automated systems to “play” the games. from Cointelegraph.com News https://ift.tt/ka7Rnwl via IFTTT

Twelve months after Bitcoin's last all-time high, seven-figure BTC balances have taken a hit. from Cointelegraph.com News https://ift.tt/7vzMCya via IFTTT

Satoshi Nakamoto intended to create a monetary revolution with the invention of bitcoin, but his other unstated revolution may occur first in the energy sector. bit.ly/3f7o14k http://dlvr.it/SdQrvx

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be blamed for the actions of former FTX CEO Sam Bankman-Fried. Robert Kiyosaki Still Bullish on Bitcoin The author of Rich Dad Poor Dad, Robert Kiyosaki, discussed the FTX collapse and bitcoin with guest Mark Moss on the Rich Dad Radio Show which aired earlier this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Moss is a radio host and the author of “Uncommunist Manifesto.” After listening to Moss outlining the problems at FTX and numerous fraudulent actions allegedly conducted by its former CEO Sam Bankman-Fried (SBF), Kiyosaki emphasized: I’m still bullish on bitcoin … Bitco...

From Sam Bankman-Fried to Bitboy, cryptocurrency fans have been too quick to support divas who gained notoriety on social media. It's a phenomenon that needs to end. from Cointelegraph.com News https://ift.tt/QbqX8Ka via IFTTT

On Saturday, members of the forum r/cryptocurrency discussed how the current bear market is now the second-longest bear market in the history of bitcoin prices. According to the forum post, the current crypto winter has lasted more than 380 days, just below the longest bitcoin downturn that took place during the 2013-2015 bear market, which lasted 415 days in length. ‘Surviving a Bear Is a Rite of Passage’ — Redditors Discuss Surviving the Second-Longest Bitcoin Bear Run During the last few months people have been curious about how long the crypto winter will last and on Saturday, Nov. 26, 2022, the Redditor u/partymsl published a forum post on r/cryptocurrency declaring the current downturn as “the second-longest bear market ever for crypto.” The post’s author notes that this crypto bear market is “likely to be the longest” and stressed that “surviving this [bear market] is no joke.” Moreover, u/partymsl also summarized how the author defines a bear market, and explained that it’...

Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized. Binance’s CEO on Crypto Regulation After FTX Collapse The CEO of Binance, Changpeng Zhao (CZ), talked about cryptocurrency regulation following the collapse of crypto exchange FTX Friday at a Binance event in Athens, Greece. I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of trying to fight against it. FTX, a major cryptocurrency trading platform, collapsed and filed for bankruptcy on Nov. 11. An estimated 1 million creditors are facing losses totaling billions of dollars. Zhao has compared the FTX meltdown to the 2008 financial crisis. He also warned of cascading effects . Nonetheless, he said he expects the crypto industry to recover. CZ said that this year “was a very...

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After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s tourism and economy ministers. Salvadoran National Bitcoin Office Established With ‘Functional and Technical Autonomy Within the Presidency of the Republic’ On Nov. 25, a Linkedin post published by Torres Legal explains that El Salvador’s government has created a National Bitcoin Office (ONBTC). The new office is meant to manage “all projects related to the cryptocurrency” and it was established in Decree No. 49 by the Salvadoran president Nayib Bukele. Decree No. 49 published in El Salvador’s Official Gazette is summarized in Article two, Torres explains. “Article [two] defines the objective of the ONBTC which will be to design, diagnose, plan, program, c...

Asset-oriented programming makes fundamental functions native to the programming language. DeFi needs more of that to improve security. from Cointelegraph.com News https://ift.tt/Ox6ehaB via IFTTT

The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC. from Cointelegraph.com News https://ift.tt/Mhf17g8 via IFTTT

Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters. FTX’s Invitation-Only Island Event Looks Like a Wash While we know that the former FTX CEO Sam Bankman-Fried (SBF) plans to speak at the New York Times (NYT) Dealbook summit, people are curious about the upcoming Crypto Bahamas conference. 2022’s inaugural Crypto Bahamas conference was hosted in Nassau and the event hosted a litany of well known speakers including former U.S. president Bill Clinton . Other 2022 speakers included the former prime minister of the United Kingdom, Tony Blair, seven-time Super Bowl Champion and co-founder of Autograph, Tom Brady , and the prime minister of the Bahamas Philip “Brave” Davis....

The last week of November remained turbulent for the crypto market as majority of the DeFi tokens struggled with the market volatility. from Cointelegraph.com News https://ift.tt/4ah8c6b via IFTTT

Bybit launching a $100 million fund and Binance’s proof of reserves might have marked the cycle low at $15,500. from Cointelegraph.com News https://ift.tt/PQ5MkF8 via IFTTT

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion. Matrixport Looks to Raise $100 Million From Strategic Investors The digital asset firm and crypto lender Matrixport is targeting $100 million from strategic investors, according to a story first reported by Bloomberg. The Singapore outfit was founded in 2019 by billionaire and former Bitmain CEO Jihan Wu. The financial services company’s operations include crypto earn programs, lending products, and Ethereum 2.0 staking services. Bloomberg’s sources say Matrixport has already gathered “commitments from lead investors for $50 million.” The report notes that Tiger Global and Dragonfly are some of Matrixport’s committed backers. With a $50 million capital raise, Matrixport’s overall valuation cou...

After the FTX collapse, the story seems as though it came from a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple, and Netflix are vying to get the rights to tell the FTX tale. ‘Multiple’ Film Adaptations of the Rise and Fall of FTX Are Coming Numerous reports have shown that the novelist and financial journalist, Michael Lewis, is working on a book about the FTX saga. It’s been said Lewis spent a number of months with the former FTX CEO Sam Bankman-Fried (SBF) before the exchange collapsed. According to the Hollywood Reporter, “multiple projects [are] in the works about the rise and fall of the crypto exchange.” Lewis is also well known for crafting financial thrillers as he authored the popular stories “Moneyball,” “The Big Short,” and “Flash Boys.” The Hollywood Reporter’s Mia Galuppo details that Apple may win the rights to Lewis’s story about FTX as Galuppo re...

Bears are better positioned to profit roughly $215 million during November's Ether options expiry, putting pressure on ETH's price near a critical resistance level. from Cointelegraph.com News https://ift.tt/dSJ3Rjg via IFTTT

A survey of the continent’s central banks shows optimism about greater efficiency and inclusion, but several drawbacks remain; Nigeria already has an operational retail CBDC. from Cointelegraph.com News https://ift.tt/epGLIZ9 via IFTTT

Polkadot said it rewards community members in a consistent manner with bounties paid in USDC. from Cointelegraph.com News https://ift.tt/0cXPZ3f via IFTTT

After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to the Grayscale Bitcoin Trust (GBTC). OXT Researcher Verifies Grayscale’s Bitcoin Holdings Five days ago, Bitcoin.com News reported on Grayscale disclosing information tied to the safety and security of the company’s digital assets. Grayscale’s statements were meant to assure the public that the company’s cryptocurrencies are “safe and secure” after the FTX collapse. The digital asset fund manager detailed that all of the company’s digital assets are stored with Coinbase Custody Trust Company. On the Grayscale website, the firm says Coinbase Custody is a qualified custodian under New York banking laws and th...

Ardana developers claimed back in January that "almost all of the product/smart contract development is finished." from Cointelegraph.com News https://ift.tt/9Lz1trl via IFTTT

Bitcoiners have helped me store my money in a secure way that I know is decentralized and impossible to debase. bit.ly/3f7o14k http://dlvr.it/SdHXRw

The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance. from Cointelegraph.com News https://ift.tt/mQ8kq0o via IFTTT

Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover. from Cointelegraph.com News https://ift.tt/OraJMTU via IFTTT

On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses a ‘Proof of Reserves Audit Requires Cryptographic Proof of Client Balances and Wallet Control’ Kraken’s Jesse Powell has had a lot to say about the recent FTX collapse, as the exchange executive recently said the trading platform’s fallout was “a massive setback.” Powell has also been talking about the subject of proof-of-reserves (POR) in recent times as Kraken has been a member of Nic Carter’s proof-of-reserves list or “ Wall of Fame” for quite some time. Kraken is noted to have “ Full POR ” and its described as “auditor-assisted, user validation with Merkle approach, point in ti...

BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday's expiry. from Cointelegraph.com News https://ift.tt/z0ePEjG via IFTTT

Rising from the ashes of old crypto exchanges, a new paradigm arises. from Cointelegraph.com News https://ift.tt/HIY7Jmd via IFTTT

RGB is a method of ownership verification built on Bitcoin that allows for the continuation of Bitcoin’s properties. bit.ly/3f7o14k http://dlvr.it/SdDV32

According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30, Firm Holds 2 Million Bitcoin Two days ago, Bitcoin.com News reported on Binance’s exchange reserves and at the time the trading platform had close to 600,000 bitcoin, according to cryptoquant.com metrics. As of Nov. 20, 2022, cryptoquant.com stats indicate that Binance holds roughly 584K bitcoin. On the same day, data shows that Coinbase Pro, otherwise known as Coinbase Exchange, holds roughly 532K bitcoin. Furthermore, our newsdesk also reported on Grayscale discussing its balance sheet, as the fund manager noted that “all digital assets that underlie Grayscale’s digital asset products are stored under the custody of Coinbase Custody Tr...