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Fonbnk’s Michael Kimani sorts out facts on crypto adoption in Africa

The first episode of Hashing It Out features Cointelegraph’s Elisha Owusu Akyaw (GhCryptoGuy) and Michael Kimani, Fonbnk’s co-founder and head of growth in Africa.

As DEXs struggle, new approaches kindle hope

Despite their popularity, DEXs have a number of drawbacks that may be preventing growth. A new approach, however, has offered a way forward.

Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency

Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023.

Alameda had ‘unfair’ trading advantage, special access to FTX funds: CFTC filing

CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage and misappropriation of user funds.

Bitcoin bear market 70% dip kills BTC 'tourists' as metric screams buy

Bitcoin risk-return is now presenting a macro buying opportunity, says Philip Swift as data shows a move from capitulation to accumulation.

Bitcoin bear market 70% dip kills BTC ‘tourists’ as metric screams buy

Bitcoin (BTC) speculators have disappeared from the market and their mood “destroyed,” says popular analyst Philip Swift.

In a tweet on Dec. 14, the co-founder of trading suite DecenTrader flagged potential maximum risk returns for BTC at current prices.

Swift: “Euphoria destroyed” from Bitcoin bear market

BTC/USD is around 70% below its last all-time highs, and the drawdown has flushed out many short-term investors.

The FTX scandal precipitated an even stronger capitulation, one which is ongoing as its after-effects see nervous investors panic.

For Swift, signs that speculator “euphoria” is now gone from Bitcoin come in the form of the popular HODL Waves metric.

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Crypto blame game back on US Senators' menu following SBF arrest

While Congressman Brad Sherman saw SBF as the poster child of the crypto ecosystem, congressman Tom Emmer highlighted the crypto community's contribution to uncovering the supposed FTX fraud.

Bahamian securities regulator slams new FTX CEO over 'misstatements'

Bahamian regulators said that they were the first to take action against SBF, and recent actions of the current CEO hindered their investigation.

How to trade crypto using Wyckoff accumulation theory

Not all Wyckoff accumulation setups lead to massive price rallies as far as the Bitcoin and cryptocurrency markets are concerned.

White House silent on whether it will return $5.2M in donations from SBF

A White House spokesperson dodged point-blank questioning on whether President Joe Biden is planning to return the political donations from SBF.

Binance US finally rolls out mobile payments service to US customers

Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021.

Australian 'token mapping' consultation paper to release in early 2023: Treasurer

The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping.

CFTC declares Ether as a commodity again in court filing

The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.

CFTC declares Ether as a commodity again in court filing

The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.

Algorand to support bank and insurance guarantees platform in Italy

This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.

What Goldman Sachs' CEO misunderstands about private blockchains

Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.

Crypto community members discuss Bank-run on Binance

According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange

Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish

Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday.

Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish

Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.

Ether/USD price index, 12-hour. Source: TradingView

Bulls' frustrations can partially be explained by Binance exchange facing a near-record $1.1 billion in withdrawals over a 24-hour period. The unusual behavior comes as Binance attempts to put out multiple disputes about its proof of reserves and overall solvency on crypto Twitter. According to Binance CEO, Changpeng Zhao, the social media posts amount to nothing more than FUD.

However, Binance's USD Coin (USDC) reserves were emptied after alleged troubles with commercial banking hours.

The negative newsflow continued on Dec. 13, as the United States Securities and Exchange Commission (SEC) filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt FTX crypto exchange. The fresh charges come just a day after his arrest by Bahamian authorities at the request of the U.S. government.

On Dec. 13, the United States Commodity Futures Trading Commission (CFTC) also filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and it demanded a jury trial.

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Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish

Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics.

Ether/USD price index, 12-hour. Source: TradingView

Bulls' frustrations can partially be explained by Binance exchange facing a near-record $1.1 billion in withdrawals over a 24-hour period. The unusual behavior comes as Binance attempts to put out multiple disputes about its proof of reserves and overall solvency on crypto Twitter. According to Binance CEO, Changpeng Zhao, the social media posts amount to nothing more than FUD.

However, Binance's USD Coin (USDC) reserves were emptied after alleged troubles with commercial banking hours.

The negative newsflow continued on Dec. 13, as the United States Securities and Exchange Commission (SEC) filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt FTX crypto exchange. The fresh charges come just a day after his arrest by Bahamian authorities at the request of the U.S. government.

On Dec. 13, the United States Commodity Futures Trading Commission (CFTC) also filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and it demanded a jury trial.

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