FTX’s purported “Backstop Fund” value was allegedly misrepresented, as stated by the former Chief Technology Officer of the cryptocurrency exchange. Testimony from FTX co-founder Gary Wang suggests that this exchange employed concealed Python code to distort the true value of its insurance fund—a fund designed to safeguard users from significant liquidation-related losses. During his damaging […]
Bancor (BNT) Price Jumps 70% Over the Weekend as Trading Volume Hits 19-Month High
The Bancor (BNT) price increased by 70% over the weekend but could not sustain its increase today. BNT has fallen below the $0.62 horizontal resistance area, which has been in place since March. Bancor Reaches Long-Term Resistance The daily timeframe technical analysis shows that the BNT price has traded below the $0.62 horizontal resistance area […]
SHIB, XRP, ADA Most Hit in Crypto Market Flash Crash
Crypto market undergoing bear takeover, SHIB, XRP and ADA reacts
Ripple (XRP) Might Explode Alongside Bitcon and Ethereum: Here’s Why (Report)
TL;DR Forbes indicates that a US economic downturn could boost cryptocurrencies, especially Bitcoin, Ripple, and Ethereum. Predictions from experts like Christopher Wood and Robert Kiyosaki suggest a shift from the US dollar to Bitcoin and gold. Following legal wins against the US SEC, Ripple’s XRP could further benefit from the 2024 trial and potential banking […]
Polkadot Price Analysis: A Bullish Reversal For DOT Price Underway? Will It Regain $4 Soon?
The post Polkadot Price Analysis: A Bullish Reversal For DOT Price Underway? Will It Regain $4 Soon? appeared first on Coinpedia Fintech News The crypto space had witnessed a consolidated weekend, indicating price stability in the market. As the cryptocurrencies were on the verge of making a positive move, the industry experienced a fall in […]
How to Buy Amazon Gift Cards with Crypto?
Table of contents Why Buy an Amazon Gift Card with Crypto?7 Reasons to Buy Amazon Gift Card with Crypto1. Broad Usability Through International Transactions2. Benefit from an Increased Security3. Enjoy an Easier Budgeting Strategy4. Enjoy the Access to a Higher Privacy5. Increased Flexibility with a Click6. Benefit from Potential Discounts to Enjoy Your Shopping7. Take […]
Crypto Recap: Bitcoin & Ethereum Battle Support Bearish Week Hits Altcoins Hard
During the past week, the cryptocurrency market witnessed a downturn characterized by a bearish trend. The entire week encountered a decline marked by a less favorable performance of Bitcoin and Ethereum. After experiencing significant dips in value, Bitcoin and Ethereum regained some of their value. In addition to the major cryptocurrencies, Altcoins encountered a notable […]
Crypto Fraud Skyrockets: 150% Rise in Hacks Prompts CFPB Action
In a significant development for the cryptocurrency industry, the Consumer Financial Protection Bureau (CFPB), the top U.S. agency for consumer financial protection, is exploring the application of the Electronic Fund Transfer Act (EFTA) to cryptocurrencies. This move aims to safeguard consumers from the rising tide of fraudulent crypto transfers. The EFTA, enacted in 1978, was […]
Bitcoin market signals maturity with record divergence in long and short-term holdings
Quick Take The Bitcoin market has recorded an intriguing divergence between long-term holders (LTH) and short-term holders (STH) with 14,852,000 and 2,378,000, respectively. This is the widest divergence ever recorded, marking a significant shift in Bitcoin holding patterns. According to the provided data, an individual is defined as a long-term holder if their Bitcoin holdings […]
Gary Wang Affirms FTX Insurance Fund Sum Was a Fake Number
In his Friday testimony, FTX co-founder Gary Wang said the crypto exchange’s insurance fund balance differed from the actual funds held by the exchange. “For one, there is no FTT in the insurance fund,” Wang reportedly said, according to a retranscription of the trial’s fourth day posted on Twitter by BitMEX Research. “It’s just the […]