Crypto News Roundup for Nov. 5, 2021
Markets Daily Crypto Roundup
With bitcoin trading sideways as altcoins push upward and a look at a long-delayed Florida trial that bitcoin insiders are watching closely, CoinDesk’s Markets Daily is back with the latest news roundup.
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These Cryptofunds Say ‘Generalized Mining’ Is the New Way to Invest
news Crypto investors are pushing each other to actively participate in the networks they fund. A segment of the blockchain world has been buzzing since at least last fall about “generalized mining,” an idea that the decentralized web invites users to contribute resources to running different services – all while earning rewards for doing so.…

Number of Bitcoin ‘Whale’ Addresses at Highest Since Fall 2016
Oct 26, 2020 at 12:19 UTCKiller whales (Bryan Goff/Unsplash)Number of Bitcoin ‘Whale’ Addresses at Highest Since Fall 2016The number of bitcoin “whales” – large investors with an ability to influence market trends – has jumped to four-year highs alongside the recent price rally.As of Sunday, the population of whale entities – clusters of addresses held…

Crypto Traders Search for Clues in Solana’s Triangle Pattern
SOL's daily chart shows a triangular consolidation pattern. A breakout would signal a continuation of the broader uptrend, according to Fairlead Strategies. Crypto traders looking for clues on the next possible move in programmable blockchain Solana's SOL token should closely track the digital asset's months-long triangular price consolidation. That's the message from analysts at Fairlead

Coincheck Customers Fall Victim to Data Breach After Domain Account Error
Jun 3, 2020 at 13:09 UTCUpdated Jun 3, 2020 at 13:16 UTCCoincheck has fallen victim to a data breach after attackers accessed one of its domain name accounts and used it to impersonate the cryptocurrency exchange. The Japanese firm – which fell victim to possibly the largest crypto hack in history in 2018 – said…

ArenaDAO’s Governance Token Surges Almost 50% Amid Vote to Authorize Paradigm Purchase
Earlier Thursday, the on-chain voting period for ArenaDAO opened. Since then, a total of nine addresses voted, providing unanimous support in favor of authorizing the DAO to sell its tokens to Paradigm. Data from blockchain analytics firm Nansen shows 142 unique addresses holding ARENA, a 10% increase since Monday.

What Google’s ‘Quantum Supremacy’ Means for the Future of Cryptocurrency
news Just like that, the promise of quantum computers overtaking traditional computers is one step closer to reality. According to a recent report by the Financial Times, tech giant Google claims to have achieved “quantum supremacy,” meaning it has built a quantum computer able to solve formerly impossible mathematical calculations. If proven true, this marks…

Strong Bitcoin Volumes Bode Well for Price Breakout
markets View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. Trading volumes have been strong since the corrective…

FTX’s $45M Sequoia Sale Cleared, as Embed Divestment Delayed
Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He…