Bitcoin Now Undervalued For 170 Days, How Does This Compare With Previous Bears?

On-chain data shows Bitcoin has been undervalued for 170 days now, here’s how this figure compares with that during the previous bear markets. Bitcoin MVRV Ratio Has Been Stuck Under ‘1’ Since 170 Days Ago As pointed out by an analyst in a CryptoQuant post, the lowest point that the MVRV ratio has gone in …

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This Crypto Exchange Terminates Half Of Its Employees Amid Bear Market

The crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to resize their organizational structure. Crypto businesses are now planning for effective cost-management strategies to prevent a collapse. However, the fear in the market for most …

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Buyers Rule Over Algorand’s (ALGO) Price Action, Enough To Break Above $0.26?

The Algorand price has been positive over the last 24 hours. Despite minor gains, the altcoin has been moving north. There have been many updates in Algorand’s ecosystem, which might have brought in a slight appreciation in price. As bulls slowly return to the market, investor interest has also shot up accordingly. The technical outlook …

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Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year

Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s $5K Bitcoin Scenario Standard Chartered Bank published a note titled “The financial-market surprises of 2023” Sunday. The …

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This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume

On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume. …

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Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking …

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RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons

PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in Liechtenstein. This …

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The Path To A Bitcoin Economy: Decentralized Bitcoin-Backed Credit

Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of “bitcoin free banking” originally described in 2010 by Hal Finney. This is an opinion editorial by David Seroy, Founder and President of Old North Capital Fund. It is the author’s opinion that credit-based, bitcoin-backed dollars will act as the bridge connecting bitcoin, …

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