‘Uptober’ mentions on social media plummet amid crypto rout
“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment.
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Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High
Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish.The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin…
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Bitcoin can see $55K breakout if last major BTC price resistance is broken — Analyst
A short squeeze could send BTC/USD far beyond $50,000 if the $48,000 sell wall crumbles. 2272 Total views 84 Total shares Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewVolatility narrows for BitcoinData from Cointelegraph Markets Pro and TradingView showed BTC/USD…
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Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The second week of November could have been a bullish week, as Consumer Price Index data released on Nov. 10 indicates lower-than-expected inflation. This resulted in a significant rally for…
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Bears batter Bitcoin market sentiment as Bitfinex margin shorts surge 378%
Bitcoin (BTC) bulls should brace for a potential onslaught from bears as the number of margined short positions on Bitfinex jumps by a little over 378%.Known to most by the ticker BTCUSD Shorts, the dataset records the number of bearish positions in the Bitcoin market. In simple terms, traders borrow funds from Bitfinex — their…
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Worldcoin opens up WLD reservations for unverified users
Worldcoin project has remained controversial right from its announcement and currently facing regulatory trouble in multiple jurisdictions that it has launched. The iris scanning crypto project Worldcoin has now made it possible for even unverified customers to reserve their Worldcoin tokens (WLD).In an announcement on Aug. 11, the Worldcoi n project noted that the World…
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Sam Bankman-Fried’s trial is telling a story of classic financial deceit
The courtroom drama unfolding around FTX founder and former CSam Bankman-Fried (SBF) has all the ingredients of a binge-worthy Netflix series, replete with a cast of shady characters and a plot that thickens with each passing day. Among the highlights were SBF's lofty presidential ambitions and a staggering $100-150 million bribe to Chinese officials, which add
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Big Four and Blockchain: Are Auditing Giants Adopting Yet?
Last week, Big Four firm Deloitte unveiled a mobile platform designed to host blockchain networks on a small scale for demonstration purposes. The product is “based on client interest in understanding blockchain capabilities in live interactions," as per the press release. With this move, the Big Four companies — comprised of Deloitte, PwC, Ernst & Young…
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Bitcoin may retest $69K next as shorts keep BTC price below all-time high
Bitcoin sees surprise selling into the latest daily close, giving rise to predictions of a support retest before new BTC price all-time highs.