The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be running. According to media reports, cryptocurrency lobbyists and political action committees have poured millions of dollars into select campaigns, and extensive polling has shown crypto to be on
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Bitcoin (BTC) headed toward $21,000 on Nov. 4 as bulls attempted to reclaim lost ground. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose overnight to put in new daily highs of $20,683 on Bitstamp. $21,000 sell wall proves ugly While so far a lower high on hourly timeframes compared to the
Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%. The initial panic, which Gala Games later implied was unfounded, came after a single wallet address appeared to mint over $2 billion GALA tokens out of
A local report from South Korea claims that the country’s prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had once ordered an employee to manipulate the price of Luna Classic (LUNC). A report by Korean Broadcasting System (KBS) on Nov. 3 quotes an official from the South Korean prosecutor’s office, who said
Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold. On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged
Fintech firm Ripple is garnering more support from the crypto and finance industry in its ongoing battle with the United States Securities and Exchange Commission (SEC). On Nov. 4, Ripple chief executive Brad Garlinghouse proudly tweeted that the number of companies, developers, exchanges, associations, and investors officially supporting the firm has reached 12. The pile
October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3 report from DappRadar, the number of monthly unique NFT traders in October reached 1.11 million,
Bitcoin (BTC) lingered lower on Nov. 3 as the aftermath of the Federal Reserve interest rate hike subsided. Trading range forms with $20,000 at center Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $20,000 on the day. The pair had seen flash volatility as the Fed hiked 0.75%, with fakeout moves
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar next year. Greenspan expects this to happen even if the Fed decides to pivot its restrictive monetary policy to lower rate hikes or
On this week’s episode of Market Talks, Cointelegraph welcomed Jake, or “KJ” — also known as “Korean Jew Crypto” on Twitter — the founder of The Trading Dojo, a platform that provides coaching and education to help traders identify profitable trades on their own. The wide-reaching interview covered KJ’s take on how to trade the
Multinational banking group Santander has placed a limit on all crypto transactions for its customers in the UK. The group cited cryptocurrency fraud warnings from regulators as the reason behind its decision. According an announcement on Nov. 3, the bank plans to protect its customers from the risks associated with investing in crypto assets, sharing that: “money held
After yesterday’s Federal Open Market Committee (FOMC), the Ethereum price and the crypto market have held their ground. Those market participants expecting a return to the previous range might be disappointed as macro-economic forces At the time of writing, the Ethereum price trades at $1,540 with a 2% profit in 24 hours and a 2%
Polygon (MATIC) emerged as the best-performing asset among the top-ranking cryptocurrencies on Nov. 3 as the market’s attention turned to the latest Instagram and JPMorgan announcements. Polygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint,
Ethereum is on an obvious bull path given its performance in the last couple of weeks. The digital asset took a turn for the better more than a month after the Merge was completed and accumulation among investors was already in full swing. ETH’s price eventually surpassed $1,600 before encountering rejection and dropping down below.
The price of Litecoin (LTC) could skyrocket by up to 200% by July 2023, coinciding with its halving event, reducing miner block rewards by 50%. Litecoin has bottomed out? Litecoin has undergone two halvings since its launch in October 2011. The first one occurred in August 2015, which reduced its block reward from 50 LTC to 25
After an impressive 23.7% rally between Oct. 25 and Oct. 31, Binance’s BNB (BNB) coin has faced a strong rejection from the $330 resistance. Is it possible that the two-day 6% sell-off from the $337.80 peak could indicate that further trouble is ahead? Let’s take a look at what the data shows. Analysts pinned the recent
Welcome back to the day two coverage of Web Summit, one of the leading tech conferences in the world, with over 71,000 attendees on day two. The summit is live in Lisbon, Portugal, after two years. The summit is known to bring together some of the most prolific personalities from the tech world together and
The European Union bill aiming to regulate cryptocurrencies could result in crypto influencers being charged with market manipulation if they fail to disclose potential conflicts of interest. The Markets in Crypto Assets (MiCA) bill, which has been approved by the European Parliament Committee on Economic and Monetary Affairs on Oct. 10, is expected to be
Shiba Inu (SHIB) price can rise by nearly 150% versus its top meme-coin rival, Dogecoin (DOGE), in the coming months, based on a technical fractal. SHIB hits record low against DOGE The bullish setup appears as the SHIB/DOGE pair rebounded slightly after dropping to 0.0000841 — its lowest level ever — on Nov. 1. The
The amount of supporters for Ripple Labs in its legal battle with the U.S. Securities and Exchange Commission (SEC) keeps growing. Most recently, the U.S. exchange Coinbase sent an amicus brief to the responsible judge Analisa Torres. The brief reveals that Coinbase sees the case as a precedent for the entire crypto industry, which is