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November 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the 2022 German Blockchain report published by CV VC Labs, the European country has a 22.8% share of all Ethereum nodes, while the United States leads with 45.3%. Bitcoin is up 4.04% over the last 24 hours and rose to an intraday high of $16,955.00. The largest cryptocurrency reached the 20-day EMA of $16,913 today, suggesting the bulls are attempting to establish a relief rally. If the BTC/USDT pair maintains above the 20-day EMA ($16,913), the pair could rise to $17,200. Today’s Cryptocurrency Headline BlockFi Has $355M in Crypto Frozen on FTX Kirkland & Ellis partner Joshua Sussberg said in New Jersey bankruptcy court on Tuesday that BlockFi currently has about $355 million in cryptocurrencies frozen in FTX. Additionally, BlockFi provided $671 million in loans to Alameda Research. Sussberg told Judge Michael Kaplan that he anticipates the process of recovering BlockFi’s funds from FTX will “play out over a long period of time.” and whether those funds will be recoverable is another question entirely. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
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November 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.04% over the last 24 hours and rose to an intraday high of $16,987.00. The largest cryptocurrency has been trading sideways between $16,000 to $17,000 since 12th November, and the volume has decreased significantly, suggesting that investors continue to maintain a risk-off stance. If the price sustains below $17,000, it will increase the prospect of a break below $15,588. If that happens, the BTC/USDT pair could extend its decline to $12,200. Today’s Cryptocurrency Headline Nexo Made a $850 million Takeover Offer to BlockFi Crypto lending firm Nexo made an unsuccessful bid to acquire struggling rival BlockFi for $850 million in July. The deal includes the acquisition of a 51% stake in BlockFi for $30 million and a $500 million line of credit. The offer was made in July when BlockFi was in financial trouble after losing $80 million on its exposure to Three Arrows Capital. BlockFi rejected Nexo's offer and chose to stick with a non-final deal with FTX.US. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
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November 14 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, ETH balance on exchanges reached a 4-year low of 20,099,642.608 ETH. Bitcoin is down 3.64% over the last 24 hours and fell to an intraday low of $16,079.00. The largest cryptocurrency extended its losses during the weekend as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. Rumors about another major crypto exchange also facing a liquidity crunch have spread on Twitter. If more CeFi providers fail in the upcoming weeks, the results could be devastating for crypto investors. Today’s Cryptocurrency Headline DFPI Moves to Suspend BlockFi’s Lending License California Department of Financial Protection and Innovation (DFPI) announced that it will suspend the license of cryptocurrency lending platform BlockFi in the state for at least 30 days. The DFPI is investigating BlockFi’s compliance with the laws within the Commissioner’s jurisdiction, including the California Financing Law. The founder of BlockFi said on November 9 that all products are operating normally and the company is a business entity independent of FTX. Earlier this year, following the bankruptcy of Three Arrows Capital, BlockFi agreed to a potential acquisition deal with FTX, which provided BlockFi with a $400 million line of credit. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Desperately defending the USD 2 levelSome are desperately trying to defend the USD 2 support. Despite the weekly burn of tokens, the price vs USD continues to decline. The amount of outstanding tokens simply is way too large vs the amount of tokens burnt even if the company would grow tenfold. The 6 amigos elected by the company have yet to make an impact - come up with a new service benefiting the token. The new C-levels haven't made any impact yet neither. During yesterday's AMA they elaborated how difficult and time consuming it is to launch a credit card, spending extensive time on the design. When in fact people are interested in its features. And even Litecoin, with just a handful of volunteers, has a credit card out for more than a year, linking the Litecoin wallet with Visa. Once the SEC fine or settlement is announced / public, CEL most likely will tank to USD 0.43 or even lower. BlockFi paid USD 100 mln for their non-registered investment account. Celsius had an unregistered investment rewards account AND unregistered security. Realistically the fine shall be much higher and possibly fining the founders as well.
HITBTC:CELUSDShort
by bmw_b