NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

NFTs And DeFi Sectors Show No Prominent Signs Of Sustaining Any FTX Pressure

The devastating impacts that the crypto industry has been facing presently also include the immense pressure caused by FTX’s collapse. The Crypto market is likely to incur further losses and invite more turmoil because of FTX. DappRadar’s Report Show Signs of Strong Resilient However, within these turbulent times, DappRadar’s report indicates a strong presence of resilience in the crypto market stemming from NFT and DeFi sectors. Although the impact of FTX collapse was also felt by decentralized finance (DeFi), however, instead of declining, user activity has increased significantly. Since the past month, the user activity has not only come back…
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Modest Drop in BTC Mining Difficulty Expected Soon

Modest Drop in BTC Mining Difficulty Expected Soon

Bitcoin mining difficulty was further boosted on 20th November by 0.51% when blocks were at the height of 764,064. Although the increase was little yet it allowed the network to see its difficulty level reaching its forever best so far. Since 20th November though Bitcoin’s hashrate is approximately 249.1 exahash per second (EH/s). Longer Block Time Consequences The present block time Bitcoin average range of 10.2 to 11.06 minutes is currently lower than its normal range. However, intervals between the blocks have gapped significantly since the difficulty was last modified on 20th November. Prior to 20th November, and from 29th…
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Ether Suffers a 4% Dip in 24 hours, Technical Indicators are in Sell Zone

Ether Suffers a 4% Dip in 24 hours, Technical Indicators are in Sell Zone

At the time of publication, Ether (ETH) seems to be exchange hands at $1,170 and it is a low price compared to the past 24 hours. This is because, in this particular window, the trading price of ETH has suffered a loss. The trading price of the second-largest crypto has shed 4% of its trading value, moving down to its current trading price. The overall trading volume for ETH in the past 24 hours has been $5 billion. The overall valuation of ETH has also suffered a similar 4% loss, moving down to $143 billion. A Strong Selling Trend According…
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Lead Digital Currencies BTC And Ethereum Technical Analysis

Lead Digital Currencies BTC And Ethereum Technical Analysis

Global trade markets, particularly the ones in the US, are reacting positively to the minutes of the FOMC’s latest meeting as a result of which Ethereum’s value went past $1,200. The minutes of the meeting suggested that interest rates though be increased yet not so exorbitantly but lesser than the previous months. Bitcoin’s performance however was relatively unchanged as neither there were any prominent gains or declines. Bitcoin’s Reaction to FOMC’s Minutes Federal Open Market Committee’s (FOMC’s) meeting had taken place and the minutes have been recorded and circulated too. The minutes of the meeting revealed that a small increase…
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Investors Should Be Worried As 10,000 Bitcoin Have Just Been Moved

Investors Should Be Worried As 10,000 Bitcoin Have Just Been Moved

Just when the overall cryptocurrency industry started witnessing a recovery, an alarming revelation has been made about 10,000 Bitcoin (BTC). Bitcoin is also among the assets that had recently started moving in a positive direction. Unfortunately, a recent revelation pertaining to the movement of 10,000 BTCs has increased fear among BTC investors. A Dormant Wallet is on the Move According to the crypto market observing firms, a wallet that had been dormant for many years has finally made a move. The status of the wallet is ‘unknown’ as it hasn’t been established to whom the wallet belongs. However, it has…
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Report From Analysts Shows Cryptocurrency Industry Would Survive FTX Contagion

Report From Analysts Shows Cryptocurrency Industry Would Survive FTX Contagion

In May 2022, the Terra ecosystem suffered from a massive crash and even now, its impact has lingered with the entire crypto industry. However, several months after the crash, the majority of the cryptocurrency industry had started to recover. Just when it seemed that things were indeed getting on the right track, the FTX incident happened. As a result, the entire cryptocurrency industry’s recovery was badly interrupted. To some extent, the crypto market’s overall recovery was restarted. This means that the industry would need even more time to recover from the downtrend. As per many market analysts, the crypto market…
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High Confidence in Litecoin May Help LTC Surge to $75

High Confidence in Litecoin May Help LTC Surge to $75

Just as the year 2022 is coming to an end, a great amount of growing interest is being witnessed for Litecoin (LTC). It is the second-oldest cryptocurrency was launched back in 2011 and ranks second to Bitcoin (BTC) in the particular category. The asset is reportedly becoming one of the most attractive digital currencies in recent weeks. It has been witnessing a significant boost and it has largely avoided the impact that came from the FTX crash. The situation is becoming quite favorable for Litecoin as the halving of the asset approaches in the third quarter of 2023. Let us…
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Quant Sees Demand At Lower Levels, May Try To Shoot Up To $180

Quant Sees Demand At Lower Levels, May Try To Shoot Up To $180

A few days back the trading price of Quant (QNT) experienced a significant boost. The price of QNT surged significantly and just when the bulls were getting ready for a strong rally, its price corrected. This meant that the short-term investors started selling their investments in QNT, which caused its price to correct itself. It started to decline and started moving closer to the support levels. However, the bulls were not ready to give up that easily, they were quick to respond with their strong buying sentiments. They started to gather close to the support level and were able to…
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Everrise Brokers Review – Will Everrise Brokers Scam You or Make You a Great Trader?

Everrise Brokers Review – Will Everrise Brokers Scam You or Make You a Great Trader?

Everrise Brokers Review Everrise Brokers is becoming popular as one of the most profitable brokerage platforms in the crypto sphere. A large number of traders are approaching this broker due to its tremendous amazing features. These features include high security, best registration, simple build-up, and various transaction methods. To have a proper outlook on Everrise Brokers review, read the below-written content. Best Security When you are becoming a part of Everrise Brokers, you must be aware of its security aspects. Every customer whether he is a beginner-level trader or a professional trader can facilitate himself with amazing security features. There…
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A Great Battle Going On Between Ether Bears And Bulls, Making $1,200 A Battleground

A Great Battle Going On Between Ether Bears And Bulls, Making $1,200 A Battleground

As the last weekend began, the trading price of both Bitcoin and Ether was down. They started experiencing declines in their values, which is because the investors lost their interest in the assets. The bears were in strong spirits as they kept bashing the bulls and continued with their onslaught. They kept pulling the trading prices of both assets. Although Bitcoin was able to show some signs of a bullish move, Ether bulls were not able to make much of a difference with their buying power. ETH Price was to lose $1,200 Compared to the rest of the weekend, Saturday…
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Bitcoin And Ether Investors Are Still Traumatized By FTX Crash

Bitcoin And Ether Investors Are Still Traumatized By FTX Crash

The fallout of the FTX crash seems to be much more than the market analysts had expected. Despite the FTX Token (FTT), the native token of FTX taking most of the damage, other cryptos are also badly affected. This is not a good sign for the entire cryptocurrency because if the trauma of the FTX crash does not go away, the entire crypto industry may continue suffering. Bitcoin and Ethereum Feel the Pressure Even the two largest cryptocurrencies are not able to save themselves from the FTX catastrophe. Bitcoin and Ethereum continue losing their investors as they have been losing…
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Genesis Block Ceases Its Operations In Hong Kong, Reason Is FTX

Genesis Block Ceases Its Operations In Hong Kong, Reason Is FTX

The FTX scandal is turning out to be a trend even after two weeks. The aftershocks of the FTX collapse are still being felt throughout the cryptocurrency industry. Genesis Block Ceases Trading Operations Even now, many firms are opening up about their losses due to the FTX crash. Many firms have even stopped running their operations due to the FTX outbreak. Genesis Block is the latest addition to the list of firms that have been swallowed by the FTX contagion. Genesis has been operating in Hong Kong as a cryptocurrency entity. It has been providing retail services in the cryptocurrency…
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Despite Widening Fallout Of FTX, Bitcoin Price Has Managed To Sustain $16k

Despite Widening Fallout Of FTX, Bitcoin Price Has Managed To Sustain $16k

On the Thursday trading session, the trading price of most of the cryptocurrencies ended up facing a downtrend. This happened because of a great financial void created by the FTX exchange. After FTX officials announced they had faced an unrecoverable loss, it became the largest disaster in 2022. Right after FTX’s announcement, several companies started to reveal that they were exposed to FTX. Initially, multiple entities refused or did not admit they were exposed to FTX. As the financial void kept growing bigger and regulators started from all over the world started launching investigations against the crypto firms, they admitted…
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Janet Yellen Says More Oversight Needed After FTX Collapse

Janet Yellen Says More Oversight Needed After FTX Collapse

A growing number of leaders in Washington is demanding action after the crypto exchange FTX collapsed in spectacular fashion in just a week’s time. Now it appears that US Treasury Secretary, Janet Yellen, has also joined the mix, as she stated on Wednesday that the collapse showed that the crypto market requires more effective oversight. More oversight In Wednesday’s statement, Yellen said that the Treasury Department had generated reports in response to the executive order issued by President Joe Biden back in September on digital assets. According to her, their reports had highlighted a number of risks that had now…
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TSM Deals Another Low-Blow To FTX Suspending Its Sponsorship Deal

TSM Deals Another Low-Blow To FTX Suspending Its Sponsorship Deal

Team SoloMid (TSM), a major professional eSports organization is among the entities to have broken their links with FTX. Things have started to fall apart for FTX after it ended up crashing. Previously, the particular professional gaming organization was known as TSM FTX but after suspending the deal, it has become Team SoloMid. TSM Suspends $210 Million Deal Due to the recent mishaps that have taken place with the FTX exchange, TSM has decided to suspend the deal with the crypto firm. On November 16, the officials at the TSM announced that they have suspended their sponsorship deal with FTX…
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2 More Crypto Platforms Halt Withdrawals Over FTX Exposure

2 More Crypto Platforms Halt Withdrawals Over FTX Exposure

Crypto exchange Liquid Global announced on November 15th that it had halted both crypto and fiat withdrawals. The same day saw Salt, a crypto lending platform, inform its customers that it was also pausing deposits and withdrawals. In addition, reports indicate that another crypto lender, BlockFi, is gearing up to file for Chapter 11 bankruptcy protection. The lending platform had paused its withdrawals five days ago and its announcement on Monday said that they would continue to be halted. Withdrawal operations paused Things are not looking good for people in the crypto space, as crypto companies are halting withdrawals, which…
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1INCH to Become Very Attractive for Investors Following its Attempt to Reduce Gas Costs

1INCH to Become Very Attractive for Investors Following its Attempt to Reduce Gas Costs

1inch Network recently made an announcement that is to make the protocol very tractive for crypto investors. The platform announced it has carried out the implementation with aim of reducing gas costs. 1INCH Initiates v5 Router As per the latest announcement by the 1inch network, the transaction costs for their offerings in the decentralized exchange (DEX) segment would be significantly reduced. The communicated reduction is at least 10% in the gas costs. This would eventually make the Ethereum network more affordable for investors and other kinds of users. The latest move by the 1inch network is very profitable for the…
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Crypto.Com Accidentally Sent Ethereum Worth $400 Million To The Wrong Address

Crypto.Com Accidentally Sent Ethereum Worth $400 Million To The Wrong Address

After the shocking downfall of crypto exchange FTX, other centralized crypto exchanges have found themselves under the microscope and this applies to Crypto.com as well. Customers of the exchange became quite concerned after Kris Marszalek, the CEO, acknowledged that they had accidentally sent about 320,000 ETH tokens to a public address that was registered at a rival exchange. At the time of the transaction, the tokens were valued at $400 million. Accidental transaction Etherscan’s blockchain records show that Crypto.com transferred about 80% of its total ETH reserves on October 21st to an address on competitor exchange Gate.io. This was just…
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Strong Comments from Elon Musk Help in Boosting Weakening Price of Bitcoin

Strong Comments from Elon Musk Help in Boosting Weakening Price of Bitcoin

Despite taking a huge fall in the past week, things have recovered a bit for Bitcoin (BTC). With the initiation of the new week, the trading price of Bitcoin started under $17,000. As per many market experts, it is a fortunate thing for Bitcoin that its price has climbed higher throughout the last weekend. Otherwise, it could have started the new week at around $14,000. A Plunge Followed by a Rally As the news started rotating about FTX’s bankruptcy, the entire crypto industry was devastated. The investors kept on withdrawing their funds from the crypto exchanges and other trading firms.…
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BlockFi Pauses the Option for Withdrawal After FTX Collapse

BlockFi Pauses the Option for Withdrawal After FTX Collapse

The collapse of the FTX crypto exchange is reverberating from coast to coast, as state regulators in California have announced an investigation into the exchange. In addition, BlockFi, the crypto exchange based in New Jersey, also notified customers that platform activity would be limited. FTX bailed out BlockFi back in June when it had been facing problems due to the downturn in the crypto market. The announcement Late on Thursday, BlockFi published a post on Twitter that it also learned about the situation of FTX just like everybody through social media. It said that it was shocked and dismayed over…
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