Despite the bad numbers of daily trading, there are some signs of market revival, at least for Bitcoin-based products.
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Bitcoin weak hands 'mostly gone' as BTC ignores Amazon, Meta stock dip
Huge tech stock losses, mostly occurring after the Wall Street close, fail to show up in Bitcoin price weakness.
Bitcoin weak hands ‘mostly gone’ as BTC ignores Amazon, Meta stock dip
Bitcoin (BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.
Economic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction.
Bitcoin hodlers shrug off Q3 tech results
The largest cryptocurrency shed around $800 over Oct. 27, or 3.8%, after hitting its highest levels in six weeks.
At the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major correction.
The same was not true of tech stocks — these were led by a dramatic 20% rout in Amazon during out-of-hours trading thanks to missed earnings targets. Amazon’s market cap sealed the biggest such post-close drop in history, at over $230 billion.
Web3 sees 15 new scam smart contracts an hour: Solidus Labs
Solidus Labs, which has been monitoring 12 leading blockchains, has detected a majority of scam-like tokens originating from Binance’s BNB Chain.
CFTC commissioner compares crypto contagion risk to 2008 financial crisis
The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.
THORChain network halted following software bug
The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since.
TV streaming providers should start relying on NFTs
NFTs could change the way subscription services work by allowing users to sell or rent out their subscriptions when they don’t need them.
Solana-based protocol seeking to decentralize ride-sharing raises $9M
TRIP protocol enables ride-sharing companies and drivers to compete for riders, as blockchain enables disruption in existing markets.
Axelar partners with Polygon to deliver cross-chain communication to Polygon Supernets
The partnership seeks to enable Ethereum ecosystem developers to have access to functions and users on Axelar’s dozens of connected chains.
US currency comptroller to up its game with new Office of Financial Technology in 2023
The OCC said it will incorporate its six-year-old Office of Innovation into a new agency that will help it deepen its understanding of fintech and promote responsible innovation.
Team Finance exploited for $14.5M during protocol migration despite contract audit
Hackers appear to have spent as little as 1.76 Ether to initiate the attack vector.
Telegram launches marketplace to auction rare username handles
The popular messaging app launched a new marketplace on the TON blockchain, on which it plans to auction off rare user handles.
Google launches blockchain node engine for Web 3.0 developers
The service will simplify node infrastructure and onboarding for blockchain developers.
Why the battle for low or no transaction fees really matters
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.
Why the battle for low or no transaction fees really matters
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.
Bitcoin is cooling its rally — Here are the BTC price levels to watch next
Bulls have a lot of work left to do, say Bitcoin analysts as consolidation enters for BTC price.
Bitcoin is cooling its rally — Here are the BTC price levels to watch next
Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin impresses with stability on GDP print
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,500 on Bitstamp after reaching local highs of $21,012 the day prior.
The largest cryptocurrency treaded water in line with United States equities at the Wall Street open, with the S&P 500 flat and the Nasdaq Composite Index down around 1% at the time of writing.
The U.S. dollar index (DXY), meanwhile, began to claw back losses on the day, providing a headwind to risk assets absent for much of the week. The DXY had seen its lowest levels since mid-September.
U.S. dollar index (DXY) 1-hour candle chart. Source: TradingViewAhead of a decision on interest rates by the Federal Reserve, gross domestic product (GDP) data showed a rebound for the U.S. economy in Q3.
Coinbase, Alameda-backed Mara launches African crypto wallet service
Africa’s cryptocurrency landscape welcomes a new crypto wallet backed by global firms in the ecosystem.
Building community resilience to crises through mutual aid and Web3
It seems that every time one turns on the TV, something, somewhere, is going catastrophically wrong. Whether it be Hurricane Ian tearing through Cuba and Florida, war raging in Eastern Europe, or floods devastating Pakistan, there has been no shortage of crises in 2022 — both natural and human-caused.
And as the climate continues to warm, extreme weather events and other natural disasters are only expected to occur more frequently, which may also potentially lead to greater overall regional and global instability. In response, some groups working to build decentralized community resilience are now turning to blockchain and Web3 tools to help strengthen their initiatives.
The United States experienced one of its worst natural disasters in modern history when the Category 5 Hurricane Katrina slammed into the New Orleans area on Aug. 29, 2005. The morning prior, the National Weather Service had issued an ominous warning to the residents of the city and the surrounding area:
“MOST OF THE AREA WILL BE UNINHABITABLE FOR WEEKS…PERHAPS LONGER. […] POWER OUTAGES WILL LAST FOR WEEKS…AS MOST POWER POLES WILL BE DOWN AND TRANSFORMERS DESTROYED. WATER SHORTAGES WILL MAKE HUMAN SUFFERING INCREDIBLE BY MODERN STANDARDS.
Unfortunately, the bulletin proved to be accurate. Thousands of people lost their lives, and millions were left homeless after the city’s outdated, flawed levee system was overwhelmed by flood waters.
