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This Legendary BitCoin Trader Says Coin Is At A Pivotal Point

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Join Our Telegram channel to stay up to date on breaking news coverage Veteran trader Tone Vays has said that Bitcoin (BTC) is approaching its make-or-break moment, warning investors of a ‘dead cat bounce’. In a new video update , legendary cryptocurrency trader and analyst Tone Vays has said that the big crypto is approaching a critical moment in its cycle that could determine its near-term fate. Speaking to his 123,000 YouTube subscribers, the crypto bull opined that Bitcoin still looks considerably weak, and could be close to another fall. In his words, “It is still not looking very good because we are stuck at $17,000 and nothing is rising yet. So we continue to consolidate and to frustrate the majority of people, which is one of the ways in which markets bottom.” #Bitcoin Still Consolidating at $17k Good or Bad?https://t.co/nB54Cc0XHt — Tone Vays (@ToneVays) December 6, 2022 In the video, Vays analyzes that the BTC price is battling a diagonal resistance line that i

Blockstream raising funds for mining at 70% lower company valuation

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream was valued at $3.2 billion when it held its last Series B funding round raising $210 million in August 2021. Today that valuation may have fallen almost 70% to below $1 billion according to the report. The company, founded in 2014, has raised a total of $299 million in funding over four rounds, according to CrunchBase. Blockstream CEO and cryptographer Adam Back did not share details of the latest funding round but did reveal that the capital will be invested into expanding the firm’s mining capacity. “We rapidly sold out all of the capacity and have a big backlog of existing and new customers with miners seeking large

FTX's SBF is a Master Manipulator, Says Changpeng Zhao

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In a lengthy Twitter post on Tuesday, Binance CEO Changpeng Zhao called out the founder of failed crypto exchange FTX. Zhao slammed Sam Bankman-Fried in a tweet describing him as “one of the greatest fraudsters in history.” CZ Corrects Untrue Assumptions, Says Crypto is Fine CZ’s post originally aimed to address false statements the crypto billionaire claimed he had come across in recent times. The first thing Zhao spoke about was the idea that he wanted to be the savior of crypto. This narrative may have gained weight due to Binance’s recent efforts to aid platforms battling liquidity issues following the FTX crash.  According to the post, CZ does not believe the crypto industry is in dire straits. He explained that Binance is working to support troubled projects for the good of the general crypto space. Crypto is fine. It’s the beauty of decentralization. We are just part of it.” Zhao Says FTX Brought on its Downfall Notably, Binance attempted an FTX buyout at the onset o

Report Suggests FTX's Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to 'Manipulate' Real Stock Prices

On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and Minted Hundreds of Thousands of Tokenized Shares, Report Questions Whether or Not the Firm Actually Owned the Stocks FTX has been under the microscope ever since the exchange collapsed during the first week of November 2022. Since then, there’s been a lot of information to process and new information released. On Sunday, a report details that tokenized stocks listed on FTX may have been used to “manipulate the price of AMC shares.” The publication thechainsaw.com and its report show that while FTX’s terms of service said the firm’s synthetic stocks were backed 1:1, that may not have been the case. “FTX listed wrapped AMC token[s] for trading on its synthetic derivative

Crypto Whales are Adding These Altcoins to Their Portfolios Before the Next Bull Market – Find Out Why

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After yesterday's market drop, stocks continued to tumble today. As for Bitcoin and other cryptocurrencies, they remained flat in the morning but have started seeing some slight losses later in the day. Despite these recent losses, cryptos are still up from where they were a week ago. Although the cryptocurrency market is still in bear territory, now may be a good time to start DCA investing, as bear markets are opportunities to buy assets at a lower price before the next bull market. Token presales should also be on any crypto investor's radar, as one can often find highly discounted tokens before they appear on the main market and take off. Out of the countless presale tokens, you should narrow your list down to those with a clear use case, proven demand, and an experienced team. Crypto whales are backing some such promising projects now that are doing extremely well in their presales even in this bear market, including IMPT, D2T, TARO, and RIA. IMPT (IMPT

Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats

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Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (SBF) probably donated over $1 billion to support the Democratic Party, which would be a much larger sum than the number publicly disclosed. Many people slammed Musk for making accusations without providing proof. “This statement is so unbelievably irresponsible,” one commented. Elon Musk Believes SBF Donated Over $1B to Democratic Party Tesla CEO and Twitter chief Elon Musk believes that Sam Bankman-Fried (SBF), co-founder and former CEO of the collapsed cryptocurrency exchange FTX, donated much more than the publicly disclosed amount to support the Democratic Party in elections. Bankman-Fried was the second largest donor to the Democratic Party, after billionaire George Soros, in the 2021-2022 election cycle. According to Opensecrets, he donated $39,884,256 to Democrats before FTX imploded and had to file for bankruptcy. An estimated one million customers and investors lost billions of dollars in the

Litecoin Price Prediction – Best Opportunity To Park Your Funds In LTC

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Join Our Telegram channel to stay up to date on breaking news coverage Litecoin has enjoyed a positive week showing signs of a strong bullish rally. While the cryptocurrency market has been sluggish, the tide is turning for some projects. The Litecoin trading volume in 24 hours is up by 3.53% – trading at $712,278,897.61. Litecoin ranks among the top 20 cryptocurrencies at number 12. The recent price upsurge is partly due to Litecoin’s integration into MoneyGram’s platform. Also, with the recent upheaval in the crypto market caused by negative events, Litecoin has enjoyed increased adoption. Investors are banking on Litecoin to continue on its upward trajectory, hoping that the bearish market ends soon. Litecoin Price Prediction Litecoin has picked up momentum in recent days. Here is all you need to know about the price direction of Litecoin. Resistance and Support LTC|USD Daily Chart| Source: TradingView.com Litecoin is on a bullish run and has bounced off its support lev