November 2022 | Page 3 of 144 | Last Cryptocurrency News Feed

Sen. Warren: Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks

The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital assets from banking. 429 Total views 22 Total shares Referring to the events surrounding the collapse of FTX as “a handful of magic beans”, Massachusetts Senator Elizabeth Warren seemed to frame the “contagion” spreading through…

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FTX proves MiCA should be passed fast, officials tell European Parliament committee

In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe and suggest a way forward. 499 Total views 6 Total shares The European Parliament Economic and Monetary Affairs Committee held a hearing on the "FTX cryptocurrency exchange collapse and implications for the EU" on…

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Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29

In this week’s newsletter, read about how two Bored Ape nonfungible tokens (NFTs) sold for almost $1 million during the bear market and how the word “metaverse” made it into the top three finalists for Oxford Word of the Year. Check out how the metaverse can generate passive income through royalties and how NFT marketplace…

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Don’t’ believe the hype — Bitcoin price rally to $17K reflects improving sentiment

Bitcoin (BTC) price gained 6.1% between Nov. 28 and Nov. 30 after briefly testing the $17,000 support. Favorable regulatory winds might have helped fuel the rally after the Binance exchange announced the acquisition of a regulated crypto exchange in Japan on Nov. 30.Bitcoin 12-hour price index, USD. Source: TradingViewBinance shut its operations in Japan in…

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Kraken cuts workforce by 30% in an effort to survive crypto winter

According to its CEO, the exchange grew too quickly to accommodate the fast-growing crypto ecosystem. 867 Total views 16 Total shares Cryptocurrency exchange Kraken announced on Nov. 30 that it has made one of its “hardest decisions” and is cutting down its global workforce by approximately 1,100 people, comprising approximately 30% of its total workforce,…

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Bitcoin Rises Briefly as Fed Chair Promises More Rate Hikes

Jerome Powell – Chairman of the Federal Reserve – recently spoke about the future of macroeconomic policy and U.S. inflation at the Brooking Institution. As is typical, Bitcoin’s price was affected by his comments, rising by 1% just as his speech began. As of 18:13 UDT on Wednesday, Bitcoin traded for $16,780. The price then…

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Maturation Of The Lightning Network: Growing Up By Going Vertical

Like our hunter-gatherer ancestors, Bitcoin’s Lightning Network is maturing toward mass adoption through specialization and sophistication.This is an opinion editorial by Roy Sheinfeld, the cofounder and CEO of Breez, a Lightning Network mobile app. A version of this article was originally published on Medium.It’s almost tautologically true that specialization within a social system increases with…

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Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers are attempting to achieve a monthly close above $17,000. This suggests that the selling that had picked up due to the FTX crisis may be reducing.Usually, smaller investors panic and dump…

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Senate Banking Committee chair calls for coordination with Treasury on crypto

The committee chair cited crypto exchange FTX’s “alarming fraud”, liquidity crunch, and bankruptcy as an example of financial risk Treasury and regulators should address. 403 Total views 2 Total shares Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on…

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Telegram founder wants to build new decentralized tools to combat power abuse

The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges. 291 Total views 4 Total shares Telegram is set to build a set of decentralized tools, including noncustodial wallets and decentralized exchanges, according to founder Pavel Durov via his Telegram channel on Nov. 30.The initiative is a response to the…