DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support.
Crypto
Dems and Reps join forces to pressure SBF to testify before Congress
“Your willingness to talk to the public will help the company’s customers, investors, and others,” said House Financial Services Committee chair Maxine Waters, addressing SBF.
Ankr says no one should trade aBNBc, only LPs ‘caught off guard’ will be compensated
The company stated it would be discontinuing aBNBc and aBNBb tokens “effective immediately,” and that “new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users.”
Price analysis 12/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain.
3AC bankruptcy process faces challenges amid unknown whereabouts of founders
The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.
Crypto Derivatives DEXes Reposition for Life After FTX
Decentralized exchanges are retooling their public-facing approach.
Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks
Liquidators for Three Arrows Capital (3AC) have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore three months after getting the nod from that country’s High Court to begin probing 3ACs assets in the country.
Crypto Community weighs in on SBF’s ‘apology tour’
The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews.
Crypto Is at ‘Brick Wall Stage’ and Needs ‘Right Balance’ of Regulation, Says Legal Expert
Pennsylvania State University Dickinson Law Professor Tonya Evans discusses why the ecosystem is in need of thoughtful regulation from lawmakers on Capitol Hill.
S. Korean Judge Dismisses Arrest Warrant for Terra Co-Founder Shin
Daniel Shin’s arrest warrant was dismissed on Saturday local time, according to Yonhap News.
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm’s founders “repeatedly fail to engage” with liquidators, but weren’t shy about talking to the media.
Brands Will Save Crypto? Be Careful What You Wish For
It’s not enough to depend on the goodwill of legacy platforms and of the mega-companies that use core blockchain frameworks to reach audiences and customers. We must deliberately build systems over which those corporate machines can’t exert control.
Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion.
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is.
Alameda Research Shouldered FTX Loss of Up to $1B Following Client’s Leveraged Trade in 2021: FT
Alameda Research bore the brunt of a $1 billion loss incurred by its sister firm FTX after a leveraged trade on the now bankrupt crypto exchange backfired early last year, the Financial Times reported Friday.
How NFT court summons could change the legal landscape
Blockchain technology is making its way into the court system, with digital summons being served with NFTs.
Bitcoin bulls lie in wait as US dollar strength hits 5-month lows
BTC price performance gains some positive tailwinds, but Bitcoin faces a potential top for U.S. stocks.
Facebook Parent Meta Dips Toe Back Into Policy Circles to Boost Metaverse
After Meta Platforms (META) famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative, the company is back with an effort to influence digital policy – this time for the metaverse – but it’s charting a less aggressive course.
How smart contracts can improve efficiency in healthcare
From insurance to telehealth, smart contracts are finding use cases across the healthcare industry.
Animoca creates billion-dollar metaverse fund for developers
The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus.
Galaxy Digital Agrees to Buy GK8 From Bankrupt Crypto Lender Celsius: Bloomberg
GK8 was put on the block following Celsius’s bankruptcy.
How Attackers Made $15M From Staking Platform Helio After Ankr Exploit
A delay in updating price data on BNB-related derivative tokens allowed some exploiters to piggyback off a previous attack.
First Mover Americas: Bitcoin Stays Near $17K Ahead of Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 2, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Trader allegedly saw over 5000x gains after Ankr protocol hack
Ankr protocol announced that it will be reissuing aBNBc tokens, promising that it will assess the situation and compensate affected users.
ApeCoin risks 30% crash after APE staking debut in December
ApeCoin price has rallied 50% in the last three weeks but a sell-the-news event risks wiping out those gains.
US Justice Department Wants FTX Fraud Allegations to Be Investigated
The collapse was described as the “fastest big corporate failure in American history,” in a court filing.
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023.