Billionaire Mike Novogratz Forecasts How Long the Bitcoin and Crypto Bear Market Will Last
Galaxy Digital CEO Mike Novogratz is updating his outlook on the future of the current bear market and the crypto markets as a whole.
Novogratz says in a Yahoo Finance interview that Bitcoin (BTC) and other crypto assets are likely to rally once the Federal Reserve pauses its monetary tightening measures.
Galaxy Digital CEO Mike Novogratz is updating his outlook on the future of the current bear market and the crypto markets as a whole.
Novogratz says in a Yahoo Finance interview that Bitcoin (BTC) and other crypto assets are likely to rally once the Federal Reserve pauses its monetary tightening measures.
Bitcoin Plunges Below $17,000 As Concerns Over FTX Spook Investors
Crypto investors continued to take heat Saturday following a market plunge that has largely to do with concerns over FTX’s financial health. At the time of publication, Bitcoin was trading at $16,854 after a 1.7% drop in the past 24 hours.
Ethereum took an even bigger hit, shedding roughly 18% in the past day to trade just under $1,205 at press time. Except for FTX’s FTT token, which has dropped over 90%, Solana (SOL) and MATIC seem to have been the biggest casualties in the lineup, plunging roughly 33% and 19% respectively. In the past day, the global crypto market cap has plunged by 10.64% to sit just under $849B, with total liquidations coming in at $865.84 million based on data from Coinglass.
Crypto investors continued to take heat Saturday following a market plunge that has largely to do with concerns over FTX’s financial health. At the time of publication, Bitcoin was trading at $16,854 after a 1.7% drop in the past 24 hours.
Ethereum took an even bigger hit, shedding roughly 18% in the past day to trade just under $1,205 at press time. Except for FTX’s FTT token, which has dropped over 90%, Solana (SOL) and MATIC seem to have been the biggest casualties in the lineup, plunging roughly 33% and 19% respectively. In the past day, the global crypto market cap has plunged by 10.64% to sit just under $849B, with total liquidations coming in at $865.84 million based on data from Coinglass.
Mad Money’s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?” he asked, adding: “I would trust my money more in Draftkings than I would Binance.”
Jim Cramer Slams BinanceThe host of CNBC’s Mad Money show, Jim Cramer, cast doubt on the trustworthiness of cryptocurrency exchange Binance in a series of tweets this week. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He tweeted Friday:
Why are there no strategists who say that most crypto are worthless so sell them? Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?” he asked, adding: “I would trust my money more in Draftkings than I would Binance.”
Jim Cramer Slams BinanceThe host of CNBC’s Mad Money show, Jim Cramer, cast doubt on the trustworthiness of cryptocurrency exchange Binance in a series of tweets this week. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He tweeted Friday:
Why are there no strategists who say that most crypto are worthless so sell them? Why can’t people in charge just admit that Binance has no real legitimacy after what happened to FTX?
Biggest Movers: SOL Rebounds From Recent Losses, ATOM 5% Higher on Friday
Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday’s move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point.
Cosmos (ATOM)Cosmos (ATOM), was one of Friday’s notable gainers, as the token moved closer to a key resistance level.Following a low of $11.70 on Thursday, ATOM/USD raced to an intraday peak of $12.38 earlier today.As a result of this move, cosmos moved towards a resistance point at the $12.50 level, which was last hit on Monday.Looking at the chart, the 14-day relative strength index (RSI) is also hovering near a ceiling of its own, at 66.00.Currently, the index is tracking at 65.85, which could lead to marginal consolidation, with earlier bulls opting to liquidate their positions.However, should this aforementioned ceiling be broken, then it is likely that ATOM could move towards $13.00.
Solana (SOL)
Cosmos raced higher for a second straight session, after recently snapping a four-day losing streak. Friday’s move saw the token move closer to a key resistance level of $12.50. Solana also moved higher earlier in the day, as price bounced from a key support point.
Cosmos (ATOM)Cosmos (ATOM), was one of Friday’s notable gainers, as the token moved closer to a key resistance level.Following a low of $11.70 on Thursday, ATOM/USD raced to an intraday peak of $12.38 earlier today.As a result of this move, cosmos moved towards a resistance point at the $12.50 level, which was last hit on Monday.Looking at the chart, the 14-day relative strength index (RSI) is also hovering near a ceiling of its own, at 66.00.Currently, the index is tracking at 65.85, which could lead to marginal consolidation, with earlier bulls opting to liquidate their positions.However, should this aforementioned ceiling be broken, then it is likely that ATOM could move towards $13.00.
Solana (SOL)
Giddy Wallet Announces First-Ever Autogas Feature for Polygon
March 3, 2023 – Salt Lake City, Utah
Today, Giddy is introducing the ability to pay for gas with USDC stablecoin or the GIDDY token on Polygon for wallet users. Gas can also still be paid with MATIC.This update will allow users to purchase, transfer, hold and track their positions for a wide range of the most widely-used digital tokens on Polygon. Multi-coin support will also begin within Giddy’s app on the Polygon Network.
With this launch, Giddy becomes the first digital wallet to provide users options to perform transactions on Polygon without keeping MATIC in their balance. This is a significant step forward for the Polygon ecosystem because it provides more options and greater accessibility for clients that regularly use Giddy’s wallet.
March 3, 2023 – Salt Lake City, Utah
Today, Giddy is introducing the ability to pay for gas with USDC stablecoin or the GIDDY token on Polygon for wallet users. Gas can also still be paid with MATIC.This update will allow users to purchase, transfer, hold and track their positions for a wide range of the most widely-used digital tokens on Polygon. Multi-coin support will also begin within Giddy’s app on the Polygon Network.
With this launch, Giddy becomes the first digital wallet to provide users options to perform transactions on Polygon without keeping MATIC in their balance. This is a significant step forward for the Polygon ecosystem because it provides more options and greater accessibility for clients that regularly use Giddy’s wallet.
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time.
Challenges Cited by Paxful CEO Ray Youssef Explain Why the P2P Bitcoin Exchange Is Suspending Its MarketplaceOn April 4, 2023, Paxful released a blog post stating that the peer-to-peer Bitcoin (P2P) exchange is suspending its operations. “Today, Paxful will be suspending its marketplace,” said the trading platform’s CEO, Ray Youssef. “We are not sure if it will come back,” he added. Youssef continued by saying that the suspension may come as a shock to many and that he cannot share all the details at this time.
“I can say that we unfortunately have had some key staff departures,” Youssef wrote. “Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S.”
According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time.
Challenges Cited by Paxful CEO Ray Youssef Explain Why the P2P Bitcoin Exchange Is Suspending Its MarketplaceOn April 4, 2023, Paxful released a blog post stating that the peer-to-peer Bitcoin (P2P) exchange is suspending its operations. “Today, Paxful will be suspending its marketplace,” said the trading platform’s CEO, Ray Youssef. “We are not sure if it will come back,” he added. Youssef continued by saying that the suspension may come as a shock to many and that he cannot share all the details at this time.
“I can say that we unfortunately have had some key staff departures,” Youssef wrote. “Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S.”
Veloce Steps Into The Web3 Space With Its VEXT Token Launch
Veloce, a London-based digital racing media network, is elated to announce the launch of its native token VEXT, opening its ecosystem to the Web3 space.
According to the Veloce team, VEXT is a blockchain utility and a governance token created in partnership with MDRxTech, who have experience in tech development and Web3 strategy.
Veloce, a London-based digital racing media network, is elated to announce the launch of its native token VEXT, opening its ecosystem to the Web3 space.
According to the Veloce team, VEXT is a blockchain utility and a governance token created in partnership with MDRxTech, who have experience in tech development and Web3 strategy.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
BinaryX And AiGC Labs Partner Up For The First-Ever AI-Powered VR Game On The Metaverse
BinaryX, a GameFi and IGO platform, is elated to announce its partnership with AiGC Labs to develop the first AI-powered virtual reality game on the metaverse.
Per the announcement, BinaryX and AiGC Labs will launch the first-ever VR games featuring VR and Artificial Intelligence Game Content (AIGC) elements. The partnership seeks to harness, BinaryX’s GameFi expertise and AiGC Labs Virtual Reality and AIGC to create a groundbreaking new GameFi genre of AI-based VR games.
BinaryX, a GameFi and IGO platform, is elated to announce its partnership with AiGC Labs to develop the first AI-powered virtual reality game on the metaverse.
Per the announcement, BinaryX and AiGC Labs will launch the first-ever VR games featuring VR and Artificial Intelligence Game Content (AIGC) elements. The partnership seeks to harness, BinaryX’s GameFi expertise and AiGC Labs Virtual Reality and AIGC to create a groundbreaking new GameFi genre of AI-based VR games.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 29 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Why Joining 75,000 XRP Holders Against the SEC Does Not Affect Potential Recovery for XRP Holders
Prominent crypto lawyer John E. Deaton was recently asked about the possibility of more XRP holders joining the civil case against Ripple in Oakland, California, if the verdict in SEC vs Ripple goes against Ripple and the judge declares XRP a security. Just last week, a California Judge certified a class of American purchasers of XRP in a complaint accusing Ripple Labs of selling unregistered securities. This second legal concern Ripple is facing is the subject of the tweet that prompted the question.
Prominent crypto lawyer John E. Deaton was recently asked about the possibility of more XRP holders joining the civil case against Ripple in Oakland, California, if the verdict in SEC vs Ripple goes against Ripple and the judge declares XRP a security. Just last week, a California Judge certified a class of American purchasers of XRP in a complaint accusing Ripple Labs of selling unregistered securities. This second legal concern Ripple is facing is the subject of the tweet that prompted the question.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 20 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 8 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Coinbase Officially Launches Crypto Services In Canada
Crypto exchange Coinbase has announced the expansion of its services to Canadian citizens, strengthening its already outstanding stronghold on the North American market.
For its newly unveiled subscription service, Coinbase One, the exchange will waive membership fees for Canadian nationals for the first 30 days in an effort to onboard new users.
Coinbase Lands In CanadaCoinbase is making waves in Canada amid a promising local crypto regulatory climate.
Coinbase’s Canadian users are primed to enjoy a seamless transaction experience, thanks to an integration of Interac payment rails in partnership with local financial services firm Peoples Trust Company — which is part of Peoples Group.
Crypto exchange Coinbase has announced the expansion of its services to Canadian citizens, strengthening its already outstanding stronghold on the North American market.
For its newly unveiled subscription service, Coinbase One, the exchange will waive membership fees for Canadian nationals for the first 30 days in an effort to onboard new users.
Coinbase Lands In CanadaCoinbase is making waves in Canada amid a promising local crypto regulatory climate.
Coinbase’s Canadian users are primed to enjoy a seamless transaction experience, thanks to an integration of Interac payment rails in partnership with local financial services firm Peoples Trust Company — which is part of Peoples Group.
US Deficit Expected To Shatter $1,700,000,000,000 This Year – 13% Higher Than Previous Estimate: CBO
The Congressional Budget Office (CBO) is revising its projections for this year’s US budget deficit, saying it will be significantly higher than previous estimates.
In a new report, the agency says it now projects government expenditures will outpace revenues to the tune of $1.7 trillion in 2023.
“On the basis of its estimate of the deficit through July and preliminary estimates of revenues and outlays in August and September, CBO now expects that the total deficit for 2023 will be $1.7 trillion, or about $200 billion larger than the estimate it published in May.”
The Congressional Budget Office (CBO) is revising its projections for this year’s US budget deficit, saying it will be significantly higher than previous estimates.
In a new report, the agency says it now projects government expenditures will outpace revenues to the tune of $1.7 trillion in 2023.
“On the basis of its estimate of the deficit through July and preliminary estimates of revenues and outlays in August and September, CBO now expects that the total deficit for 2023 will be $1.7 trillion, or about $200 billion larger than the estimate it published in May.”
Hackers Steal $4.4 Million From 25 Users of Lastpass Password Management App
Digital assets worth approximately $4.4 million were reportedly stolen from more than 80 addresses belonging to 25 users of the password management app Lastpass. Crypto theft investigator Zachxbt has urged crypto asset holders using the password manager to consider removing their keys and passphrases from the app.
More Than 80 Addresses CompromisedAccording to the online crypto theft investigator Zachxbt, approximately $4.4 million was stolen from more than 25 individuals using the password manager app Lastpass. The theft, which is said to have occurred on Oct.25, is suspected to be the work of a single threat actor. At the time of writing, more than 80 distinct addresses were compromised.
An analysis of the breach published on Chainabuse suggests that the theft may be “related to a larger case that dates back to at least December 2022.” As previously reported by Bitcoin.com News, the password management app’s cloud-based storage environment was breached in August 2022 but Lastpass only confirmed this on Dec. 22, 2022.
Digital assets worth approximately $4.4 million were reportedly stolen from more than 80 addresses belonging to 25 users of the password management app Lastpass. Crypto theft investigator Zachxbt has urged crypto asset holders using the password manager to consider removing their keys and passphrases from the app.
More Than 80 Addresses CompromisedAccording to the online crypto theft investigator Zachxbt, approximately $4.4 million was stolen from more than 25 individuals using the password manager app Lastpass. The theft, which is said to have occurred on Oct.25, is suspected to be the work of a single threat actor. At the time of writing, more than 80 distinct addresses were compromised.
An analysis of the breach published on Chainabuse suggests that the theft may be “related to a larger case that dates back to at least December 2022.” As previously reported by Bitcoin.com News, the password management app’s cloud-based storage environment was breached in August 2022 but Lastpass only confirmed this on Dec. 22, 2022.
Countdown to the World Blockchain Summit Dubai 2023 Begins!
Dubai is paving the way for a Web3 future by implementing a robust regulatory framework for digital assets and offering commercial licenses for Web3 projects.
DUBAI, United Arab Emirates, October 29, 2023 — The countdown has begun as the World Blockchain Summit returns, scheduled for November 1st-2nd, 2023, at the Address Dubai Marina, hosted by Trescon. This highly anticipated summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future.
Dubai is paving the way for a Web3 future by implementing a robust regulatory framework for digital assets and offering commercial licenses for Web3 projects.
DUBAI, United Arab Emirates, October 29, 2023 — The countdown has begun as the World Blockchain Summit returns, scheduled for November 1st-2nd, 2023, at the Address Dubai Marina, hosted by Trescon. This highly anticipated summit is set to become a major focal point for global web3 and blockchain innovators to take note of the region’s efforts towards a web3-driven future.
Spot Bitcoin ETFs Inch Closer To Debut As SEC Reportedly Advances Talks With Applicants
According to the latest reports, significant progress has been made in discussions between the U.S. Securities and Exchange Commission (SEC) and asset managers over the potential approval of the long-awaited spot bitcoin exchange-traded funds (ETFs).
SEC’s Fruitful Discussions With Spot Bitcoin ETF ContendersThe SEC, historically cautious about approving spot-based crypto ETFs, is now delving into crucial technical details with potential issuers.
According to a December 7 Reuters report citing anonymous industry insiders, the top regulator has engaged with applicants on important details such as custody arrangements, creation and redemption mechanisms, and investor risk disclosures. Notably, high-profile asset managers, including BlackRock, Grayscale, Invesco, and 21 Shares, are believed to have met with SEC officials since September.
According to the latest reports, significant progress has been made in discussions between the U.S. Securities and Exchange Commission (SEC) and asset managers over the potential approval of the long-awaited spot bitcoin exchange-traded funds (ETFs).
SEC’s Fruitful Discussions With Spot Bitcoin ETF ContendersThe SEC, historically cautious about approving spot-based crypto ETFs, is now delving into crucial technical details with potential issuers.
According to a December 7 Reuters report citing anonymous industry insiders, the top regulator has engaged with applicants on important details such as custody arrangements, creation and redemption mechanisms, and investor risk disclosures. Notably, high-profile asset managers, including BlackRock, Grayscale, Invesco, and 21 Shares, are believed to have met with SEC officials since September.
Bitget Announces Listing Of Moon App on Its Innovation Zone and Web3 Zone
The newest product to join the Bitget Innovation Zone and Web3 Zone is the Moon App. With this listing, Bitget is taking a big step toward fulfilling its mission to provide users with access to cutting-edge projects while fostering the growth of diverse blockchains and ecosystems.
To simplify cryptocurrency trading, Moon App is a ground-breaking DeFi trade automation and launchpad tool. With the help of this platform, users can easily and adaptably automate trades using a variety of tools, including sophisticated trading strategies. Users may easily automate sophisticated DeFi models, including maximal extractable value (MEV), multi-wallet trading, and snipe liquidity trading, with the Moon App.
The newest product to join the Bitget Innovation Zone and Web3 Zone is the Moon App. With this listing, Bitget is taking a big step toward fulfilling its mission to provide users with access to cutting-edge projects while fostering the growth of diverse blockchains and ecosystems.
To simplify cryptocurrency trading, Moon App is a ground-breaking DeFi trade automation and launchpad tool. With the help of this platform, users can easily and adaptably automate trades using a variety of tools, including sophisticated trading strategies. Users may easily automate sophisticated DeFi models, including maximal extractable value (MEV), multi-wallet trading, and snipe liquidity trading, with the Moon App.
On-Chain Activity Suggests Institutions Are Driving Recent Bitcoin Price Action, According to Crypto Analyst
Recent on-chain activity suggests that blue-chip investors are the force behind Bitcoin’s (BTC) latest price action, according to a popular crypto analyst.
Ali Martinez tells his 45,800 followers on the social media platform X that there’s been a “noticeable decline” in the daily creation of new BTC addresses amid Bitcoin’s recent price surge.
Recent on-chain activity suggests that blue-chip investors are the force behind Bitcoin’s (BTC) latest price action, according to a popular crypto analyst.
Ali Martinez tells his 45,800 followers on the social media platform X that there’s been a “noticeable decline” in the daily creation of new BTC addresses amid Bitcoin’s recent price surge.
Cookie3 MarketingFi Ecosystem Token, $COOKIE Set to Launch on ChainGPT Pad and Polkastarter
Cookie3, the first MarketingFi Protocol and AI Data Layer has announced plans to launch the first-ever MarketingFi utility token, $COOKIE, on ChainGPT Pad and Polkastarter in Q2 of 2024.
$COOKIE Merges Defi With Digital MarketingDesigned to empower users who drive projects forward within the Cookie3 ecosystem, $COOKIE represents a fusion of AI, DeFi, and marketing, leveraging Cookie3’s cutting-edge data processing technology.
Backed by industry leaders including Spartan Group, GSR, and Polkastarter, $COOKIE will release $366 billion in digital marketing value, redirecting it to users who contribute meaningfully to project growth.
Cookie3, the first MarketingFi Protocol and AI Data Layer has announced plans to launch the first-ever MarketingFi utility token, $COOKIE, on ChainGPT Pad and Polkastarter in Q2 of 2024.
$COOKIE Merges Defi With Digital MarketingDesigned to empower users who drive projects forward within the Cookie3 ecosystem, $COOKIE represents a fusion of AI, DeFi, and marketing, leveraging Cookie3’s cutting-edge data processing technology.
Backed by industry leaders including Spartan Group, GSR, and Polkastarter, $COOKIE will release $366 billion in digital marketing value, redirecting it to users who contribute meaningfully to project growth.