Polygon Faces Decision Time As Price Sits On Key Support; Will $0.7 Hold Sell-off?

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 MATIC’s price lost its demand zone as the price struggled to hold above $0.7.   MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  MATIC’s price looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the daily 50 Exponential …

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Why The Bitcoin Price Has A High Chance Of Resting At $16,000

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The Bitcoin price is trending to the downside and seems on track to retest its yearly lows at $15,550. The nascent asset class is facing the fallout of the FTX’s collapse. Once the world’s second-largest crypto trading platform, the company filed for bankruptcy protection.  As of this writing, the Bitcoin price is seeing massive selling …

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Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’

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Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.” Vitalik Buterin on FTX Meltdown …

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Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals

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Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.” New FTX CEO Outlines Priorities Cryptocurrency exchange FTX and approximately 101 affiliated companies …

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Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020

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The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. Crypto …

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Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts

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Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese companies a chance to hone their implementations of …

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Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

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Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot higher than bitcoin’s USD value …

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How The FTX Collapse Could Leave Blockfolio Users Exposed

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The data necessary to analyze previous Blockfolio entries is now mixed up into the massive cryptocurrency exchange’s collapse. This is an opinion editorial by Morgan Rockwell, founder of Bitcoin Kinetics. I’m not concerned with Sam Bankman-Fried allegedly getting a loan from Alameda, which was actually FTX customer funds wired through Alameda to be credited on …

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