Market Outlook #245 (13th November 2023) Hello, and welcome to the 245th instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Chainlink, Polkadot, ImmutableX, Perpetual Protocol, DIA, Saito and Cellframe. As ever, if you have any requests for next week, let me know. Bitcoin: Weekly: Daily: Price: $36,982 Market Cap: $721.671bn Thoughts: If we begin by looking at BTC/USD on the weekly chart, we can see that price rallied again last week off the weekly open, on higher volume than the previous week, pushing through the 38.2% fib retracement of the bear market at $36k…
Author: Crypto Flexs
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Today the SEC filed a complaint alleging that Kraken is operating as an unregistered stock exchange, broker, and clearinghouse. We disagree and plan to vigorously defend our position in court. Today’s news has no impact on the products we offer and we will continue to serve our customers without interruption. We are committed to our U.S. and global customers and partners. The complaint against Kraken alleges no fraud, no market manipulation, no loss of customers due to hacking or security breaches, and no breach of fiduciary duty. Although this includes large sums of money, it does not claim that a…
This remains one of the hottest topics in 2024, as expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States. From Episode 38 of Cointelegraph HashingElisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of a spot Bitcoin (BTC) ETF on the cryptocurrency industry, and the idea of a decentralized ETF.Amid optimism that US regulators will approve a multi-spot BTC ETF, some projects are looking to ride the wave of hype for the investment product and bring other ETFs to the blockchain. Kuck explains…
Autonomous Arcades and Mass AdoptionIOSG VenturesNovember 14, 2023Join us as we focus on exploring the intersection of blockchain with gaming and other applications. Here, we’ll engage, connect and ignite the future of this innovative technology within the gaming environment, and at this day-long event, including talks and panels from industry leaders, we’ll talk about Applications, Data, ZK and more. Talk about the topic. Don’t miss the opportunity to join old friends in reuniting to shape the future of this dynamic world! Together, we go further!Autonomous World Assembly0xPARCNovember 15, 2023 → November 16, 2023We’ll be hosting talks, game demos, workshops, and…
Popular DeFi protocol Yearn Finance has launched a new product, a profit generator called yvBOOST. Part of the Vault family, this product complements the “Backscratcher” Vault and allows users to earn and grow rewards in the curve-based token 3CRV. “Backscratcher” offers rewards in Curve’s native token CRV, an Ethereum exchange liquidity pool. Vault simplifies the process of earning additional rewards from Curve by locking up a portion of CRV for users. This will allow all Vault participants to benefit from the option to increase their APY by locking in additional CRV. We also receive Curve DAO management fees. Our latest…
Feedzai and Mastercard Expand Cryptocurrency Fraud Prevention for Consumers GloballyNovember 20, 2023password trackingFeedzai will leverage Mastercard’s Ciphertrace crypto intelligence solution to reduce the risk of cross-account fraud flowing into cryptocurrency exchanges.Feedzai, a financial crime and risk management solution, and Mastercard, a global technology company in the payments industry, are combining technologies to strengthen cryptocurrency fraud prevention for hundreds of millions of consumers.Today, approximately 40% of fraudulent transactions are transferred directly from bank accounts to cryptocurrency exchanges. According to Feedzai’s latest report, Global Anti-Money Laundering (AML) Compliance Report 2023: cryptocurrencyCryptocurrency (or cryptocurrency) is a digital asset. In fact, it still remains…
The recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire cryptocurrency industry due to its money laundering and terrorism-related financial implications, but many analysts and executives believe it is: Ultimately, this is a good outcome considering it allows the cryptocurrency space to grow without the uncertainty associated with one of the largest players.advertising Analysts claim Binance’s agreement is a sign of industry growth Groundbreaking dispute over money laundering and terrorist financing charges between Binance, one of the world’s largest cryptocurrency exchanges, and its former CEO, Changpeng “CZ” Zhao, and…
It has been reported that Atletico Madrid, the Spanish soccer team, is preparing a lawsuit against Whale Finn. cryptocurrency exchange Singapore-based is accused of failing to pay 40 million euros, equivalent to $44 million, in sponsorship money. Prior to the 2022-2023 season, the club signed a five-year contract with WhaleFin. WhaleFin was to be installed as one of the club’s main sponsors. However, Atlético Madrid allege that WhaleFin breached the terms of the contract by failing to pay the amount agreed upon when the deal was signed. Accordingly, the club is demanding 20 million euros in compensation, equivalent to 22…
The altcoin market is on the move, and technical indicators that have only been seen twice before have just flashed up, suggesting further bullish momentum. Altcoins generally lag the market and are the last to move when the cycle changes. However, just a few months before the deadline, things already appear to be happening in the altcoin market. Altcoin Golden Cross On November 22, cryptocurrency analyst “Moustache” reported an imminent altcoin market cap golden cross on the SMA-20 (Simple Moving Average) monthly chart. “This has only happened twice in the history of altcoins,” he said. During this period, golden crosses…
November 20th Bitfinex Alpha | BTC Consolidates as Economy Shows Signs of Stabilization Posted at 14:04h On Bitfinex Alpha Maria Lobusova In contrast to the rally currently seen in altcoin markets, Bitcoin is in a phase of consolidation and uncertainty, with its price fluctuating amid fears of a long-term decline. Last week, BTC made a second attempt to break $38,000, but the momentum was short-lived as large profit-taking was seen in both futures markets. We see a negative cumulative volume delta and an 8.7% decrease in open interest. And in the spot market, there was a wall of sell orders.…