Arnob (@arnobrazz) • Hey
Freelance working
Publications
- GameStop to drop crypto efforts as Q3 losses near $95M
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.
https://cointelegraph.com/news/gamestop-to-drop-crypto-efforts-as-q3-losses-near-95m
- #Bitcoin volatility is a feature, not a bug. Percent Drawdown from Previous All-Time High:
2011- down 93.6%
2015- down 85.2%
2018- down 83.7%
March 2020- down 75.5%
2022 low so far- down 77%
- Bitcoin's profit margin has finally entered the "green zone," meaning it is now less than 50%. This is another bottom indicator as seen in the previous cycle.
- After reaching the ceiling of the channel and forming a harmonic pattern, #GALA decreased during the general decline of the market, and there is a possibility that the price will continue to decrease until the bottom of the channel.
- Blockstream raises funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
https://cointelegraph.com/news/blockstream-raising-funds-for-mining-at-70-lower-company-valuation
- Bitcoin advocate dishes out sats over Lightning Network to raise BTC awareness
A Twitter user from the United Kingdom spent hours sending micropayments to strangers on the internet to demonstrate the Bitcoin Lightning Network.
https://cointelegraph.com/news/bitcoin-advocate-dishes-out-sats-over-lightning-network-to-raise-btc-awareness
- ConsenSys will shorten MetaMask data retention to 7 days following privacy discourse\nThe firm sparked controversy last month after disclosing MetaMask's data collection practices.\n\nhttps://cointelegraph.com/news/consensys-will-shorten-metamask-data-retention-to-7-days-following-privacy-discourse
- Strike partners with Bitnob to facilitate cross-border payments into Africa
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin.
https://cointelegraph.com/news/strike-partners-with-bitnob-to-facilitate-cross-border-payments-into-africa
- Kentucky to scrutinize contracts offering cheaper electricity to miners
The Kentucky government is investigating whether the proposed discounted electricity for crypto miners will raise electricity costs for Kentucky residents.
https://cointelegraph.com/news/kentucky-to-scrutinize-contracts-offering-cheaper-electricity-to-miners
- Swyftx cuts 35% of staff as it braces against ‘worst-case scenario’
The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.
https://cointelegraph.com/news/swyftx-cuts-40-of-staff-as-it-braces-against-worst-case-scenario
- Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy.
https://cointelegraph.com/news/crypto-miners-in-russia-capitalize-on-the-bear-market-by-hoarding-asic-devices
- Ankr confirms exploit, asks for immediate trading halt
The decentralized-finance protocol said it is working with exchanges to immediately halt trading of its BNB staking rewards token, aBNBc.
https://cointelegraph.com/news/ankr-confirms-exploit-asks-for-immediate-trading-halt
- Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.
https://cointelegraph.com/news/crypto-trading-firm-auros-global-misses-defi-payment-due-to-ftx-contagion
- EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.
https://cointelegraph.com/news/empiresx-head-trader-to-face-4-years-of-prison-over-100m-crypto-ponzi
- What is the best crypto use case? Community answers
A community member argued that the best crypto use case is still how crypto provides a decentralized, peer-to-peer payment system that eliminates middlemen like banks.
https://cointelegraph.com/news/what-is-the-best-crypto-use-case-community-answers
- BTC price taps $17K as analysis warns of inbound Bitcoin ‘risk events’
Bitcoin faces more than just FTX fallout in December, with macro data due and the Mt. Gox payouts getting closer.
https://cointelegraph.com/news/btc-price-taps-17k-as-analysis-warns-of-inbound-bitcoin-risk-events
- Digital assets could add $40B a year to Aussie GDP: Tech Council report
A clear principles-based regulatory approach to the digital assets sector could be a huge benefit to the Australian economy according to the report.
https://cointelegraph.com/news/digital-assets-could-add-40b-a-year-to-aussie-gdp-tech-council-report
- ‘I never opened the code for FTX’: SBF has long, candid talk with vlogger
The disgraced former head of the world’s second-largest cryptocurrency exchange tells his side of the story in candid but occasionally inarticulate interviews
https://cointelegraph.com/news/i-never-opened-the-code-for-ftx-sbf-has-long-candid-talk-with-vlogger
- FTX resumes paying staff and contractors after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh and Alameda’s Caroline Ellison.
https://cointelegraph.com/news/ftx-resumes-employee-and-contractor-payments-after-weeks-in-limbo
- Line shuts down crypto exchange to focus on blockchain and LN token
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges.
https://cointelegraph.com/news/line-shuts-down-crypto-exchange-to-focus-on-blockchain-and-ln-token
- Hooked Protocol is being introduced By Binance launchpad
➡️ Register : https://hsacw.xyz/r/JDeKZ
➖ Login With Email & Start Mining Tokens
➖ Gold Tokens Are Convert > UHGT Tokens & UHGT Can Be Swapped For BUSD
➖ You can earn 10000 Gold daily by Tapping and Upgrade Your Axe for more Earning
- New BTC miner capitulation? 5 things to know in Bitcoin this week
Bitcoin miners face a shakeout, one metric warns as the November monthly close looms for BTC.
https://cointelegraph.com/news/new-btc-miner-capitulation-5-things-to-know-in-bitcoin-this-week
- Binance proof of reserves is ‘pointless without liabilities:’ Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.
https://cointelegraph.com/news/binance-proof-of-reserves-is-pointless-without-liabilities-kraken-ceo
- Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse
The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC.
https://cointelegraph.com/news/crypto-biz-institutions-short-bitcoin-as-sbf-is-deeply-sorry-for-ftx-collapse
- WEMIX token plunges 70% after it's delisted by Korean exchanges
DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers.
https://cointelegraph.com/news/wemix-token-plunges-70-after-it-s-delisted-by-korean-exchanges
- Bitcoin exchanges see 180K BTC supply decrease amid Mt. Gox BTC sales
Bitcoin from the 2014 Mt. Gox hack are on the move again, with 65 BTC sent to exchange HitBTC on Nov. 22.
https://cointelegraph.com/news/bitcoin-exchanges-see-180k-btc-supply-decrease-amid-mt-gox-btc-sales
- 10,000 BTC moves off crypto wallet linked to Mt. Gox hack
The crypto was dormant in the account for over seven years and with the move, a majority found its way to personal wallets.
https://cointelegraph.com/news/10-000-btc-moves-off-crypto-wallet-linked-to-mt-gox-hack
- Binance CEO denies report firm met with Abu Dhabi investors for crypto recovery fund
Changpeng Zhao first announced the fund following FTX filing for bankruptcy, saying it would be aimed at helping projects with liquidity issues but was not for “liars or frauds.”
https://cointelegraph.com/news/binance-ceo-denies-report-firm-met-with-abu-dhabi-investors-for-crypto-recovery-fund
- Sam Bankman-Fried still speaking at events and the community is furious
The former FTX CEO said he will be speaking at a conference by The New York Times, the same outfit that wrote the recent "puff piece" on Bankman-Fried.😵💫😵💫
- Crypto has survived worse than the fall of FTX: Chainalysis
According to Chainalysis, the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox.
- New horizons: Angelic on cross-chain expansion
Despite market uncertainty, one NFT game has lit a path forward with stunning visuals, a gripping story and new cross-chain capabilities.
https://cointelegraph.com/news/new-horizons-angelic-on-cross-chain-expansion
- Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the potential collapse of the Grayscale Bitcoin Trust and its implications on the market.
the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX.
Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the next black swan event? We break down all the details surrounding GBTC to keep you up-to-date.
- Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows
ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price.
https://cointelegraph.com/news/cathie-wood-s-ark-invest-adds-more-bitcoin-exposure-as-gbtc-coinbase-stock-hit-new-lows
- Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says
Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow.
https://cointelegraph.com/news/bitcoin-will-survive-failure-of-any-giant-in-crypto-samson-mow-says
- Tornado Cash developer Alexey Pertsev to stay detained until next year's hearing
A Dutch court hearing ruled that the Tornado Cash developer would be held for another three months as the investigation continues.
https://cointelegraph.com/news/tornado-cash-developer-alexey-pertsev-to-stay-detained-until-next-yea-hearing
- Genesis denies 'imminent' plans to file for bankruptcy
The lending firm claims it's having "constructive conversations with creditors" and plans to resolve the situation without the need for a bankruptcy filing.
- Gm all ☀️☀️☀️
- Binance makes moves in hardware wallet industry with new investment
Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round.
https://cointelegraph.com/news/binance-makes-moves-in-hardware-wallet-industry-with-new-investment
- FTX showed the value of using DeFi platforms instead of gatekeepers
FTX reminded us that users need strong decentralized platforms to conduct their business — not gatekeepers capable of misusing their funds.
https://cointelegraph.com/news/ftx-showed-the-value-of-rejecting-gatekeepers-in-favor-of-defi
- American CryptoFed registration at risk as SEC alleges filing anomalies
The SEC instituted administrative proceedings against American CryptoFed to determine the issuance of a stop order which would retract its registration and bar sales of in-house tokens, Ducat and Locke.
https://cointelegraph.com/news/american-cryptofed-registration-at-risk-as-sec-alleges-filing-anomalies
- Getting funds out of FTX could take years or even decades: Lawyers
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline.
https://cointelegraph.com/news/getting-funds-out-of-ftx-could-take-years-or-even-decades-insolvency-lawyers
- Vitalik Buterin offers lessons for crypto in wake of the FTX collapse
Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology.
- Ripple to consider deals for FTX assets: Brad Garlinghouse
Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers.
- Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins.
https://cointelegraph.com/news/binance-okx-and-bybit-suspend-usdt-and-usdc-deposits-on-solana
- Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup
Spain, Portugal and Brazil national teams' fan tokens are experiencing a price boom as the World Cup gets underway.
https://cointelegraph.com/news/spain-for-the-win-top-3-fan-tokens-to-watch-during-the-fifa-world-cup
- FTX is done — What’s next for Bitcoin, altcoins and crypto in general?
FTX is gone, and it looks like many centralized crypto platforms will fall with it. But is there a silver lining?
https://cointelegraph.com/news/ftx-is-done-what-s-next-for-bitcoin-altcoins-and-crypto-in-general
- Binance sees record 138K BTC inflows as opinions differ on what Bitcoin price will do next
BItcoin exchange inflows echo 2018 crypto capitulation, but the reasons for the largescale moves from Binance remain unclear.
https://cointelegraph.com/news/binance-sees-record-138k-btc-inflows-as-opinions-differ-on-what-bitcoin-price-will-do-next
- Twitter closes offices, staff resign while users eye decentralized options
Twitter employees are not the only ones ditching the platform as users flock to a decentralized alternative.
https://cointelegraph.com/news/twitter-closes-offices-staff-resign-while-users-eye-decentralized-options
- Good morning all ☀️☀️😘
- FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried.
https://cointelegraph.com/news/ftx-s-new-ceo-john-ray-coldly-addresses-sbf-s-erratic-tweets