Bitcoin News
First Mover Asia: Ethereum Isn’t wETH or stETH, but Jokes Still Move Markets
Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive, especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
Crypto prices dropped amid continued market contagion triggered by the FTX collapse earlier this month.
Bitcoin Holding Above $16K Amid BlockFi Bankruptcy
Crypto lender BlockFi filed for Chapter 11 bankruptcy protection and crypto funds saw the biggest outflows in 12 weeks, according to CoinShares. TheoTrade co-founder Don Kaufman discusses what this means for bitcoin (BTC) and why he expects larger downside volatility.
Bitcoin Posts Record Exchange Outflows After FTX Collapse
A record outflow of bitcoin (BTC) from centralized trading platforms last week is a sign that investors are losing confidence in those kinds of exchanges after the collapse of FTX, and are taking more direct control of their digital assets. CoinDesk's Lawrence Lewitinn breaks down the Chart of the Day.
Wrapped Bitcoin Trades at Discount Amid Market Contagion
WBTC’s discount dropped to as low as 1.5% as questions swirled over whether the token is fully backed. Custodian BitGo clarified that it is.
Buy the Dip, Sell the Bounce: Crypto Funds Have Biggest Outflows in 12 Weeks
Total asset under management (AUM) in digital-asset funds dropped to a new two-year low of $22.2 billion, according to CoinShares.
Bitcoin and Ether Trade Lower Along With Equity Markets
Bitcoin (BTC) is holding above the support level of $16,000 while ether (ETH) dropped below $1,200 as on-chain researcher Lookonchain warned of selling pressure after a whale moved large amounts of ETH to Binance. Hashdex CEO and co-founder Marcelo Sampaio weighs in on the recent price actions and discusses his outlook on the broader crypto market.
Singapore Banks' Exposure to Bitcoin 'Insignificant' but Subject to Highest Risk Weight
Banks must hold $125 in capital against every $100 worth of bitcoin, a senior minister said.
First Mover Americas: Bahamas on Defense After FTX's Collapse
The latest price moves in crypto markets in context for Nov. 28, 2022.
First Mover Asia: Dogecoin Surges 16% to Continue Its Holiday Cheer
The popular meme coin's upswing during U.S. Thanksgiving holiday celebrations, which started Thursday, was an exception in crypto markets as bitcoin and most other major tokens traded sideways.
