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2022-12-28 15:14:02 Cardano Founder Welcomes As ADA Not Being Listed On Gemini

Gemini is one of the larger exchanges that does not currently support Cardano trading on its platform. The exchange, which now accepts more than 110 currencies, the bulk of which have a smaller market cap than Cardano, has been slow to add ADA. Hoskinson informed that the digital asset was not listed on the Gemini cryptocurrency market. Recalling the difficulty that Gemini ran with its Earn program when Genesis Digital Trading halted withdrawals and was rumored to be on the verge of bankruptcy. In turn, Gemini had to halt its Earn program, and Genesis is said to owe the exchange $900 million in user assets. Hoskinson compares this to FTX, which did not include ADA for trade as well.

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2022-12-28 09:13:57 Terra Classic regains $1B market cap following Boxing Day surge

Terra Classic (LUNC) surged over Boxing Day, triggering a market cap spike above $1 billion. The spike peaked at $1.09 billion, with profit taking causing a slight drop in valuation to $1.07 billion as of press time. The previous few weeks saw Terra Classic’s market cap move above and below the $1 billion threshold level on several occasions. The last dip below $1 billion occurred on Dec. 7. Analysis of the accompanying trend in Terra Classic token price showed Boxing Day’s price action decisively breaking a six-week downtrend.The following day, on Dec. 27, bulls lifted the price to $0.00018775, marking a 25-day high.

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2022-12-28 03:13:58 Bitcoin miner Argo Blockchain suspends Nasdaq trading pending announcement

Bitcoin miner Argo Blockchain requested that trading be temporarily suspended on Nasdaq pending an announcement by Wednesday's open. Trading is expected to resume on Wednesday, it said in a statement. The UK-based company is also listed on the London Stock Exchange, which is closed Tuesday and where trading was temporarily suspended earlier this month after the company accidentally published draft materials on its website saying that it was voluntarily filing for Chapter 11 bankruptcy protection in the U.S.In that scenario it would also have to cease operations, the company said at the time.

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2022-12-27 21:13:58 Octopus Network Cut Off 40% Of The Core Team

On December 26, Louis Liu, the founder of Octopus Network, a Near ecological multi-chain network, published a blog post saying that the core team of Octopus Network will launch a voluntary resignation plan to achieve restructuring. Octopus Network was designed to support Web3 applications which takes a big chunk of resources to support an appchain in terms of IT infrastructure and community mindshare, but the Octopus community can’t afford to onboard a batch of appchains only to lose most of them in one year, according to the statement.

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2022-12-27 15:41:06 Institutions Are Not Interested in Crypto, Says JPMorgan Senior Strategist

Institutional investors feel relieved they stayed away from crypto, said Jared Gross. Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time. However, JPM’s senior investment analyst – Jared Gross – believes this interest has either disappeared or has never been at the scene at all.

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2022-12-27 09:41:02 Net worth of CZ fell 93% while 10 crypto moguls lost billionaire status in 9 months: Report

For the crypto world, 2022 has been a tumultuous and eventful year with multiple high-profile bankruptcies, record-high scams, and frauds.Amid the shockwaves of the Terra-Luna fiasco, a slew of bankruptcies followed, starting with Three Arrows Capital (3AC), Voyager Digital, and Celsius. SBF continued to move among the elite political circles in Washington — being the second largest donor in US President Joe Biden’s presidential campaign — lobbying for crypto regulation. Months later, on Nov. 11, FTX declared bankruptcy, and revelations about customer funds mismanagement led to SBF’s arrest in the Bahamas and extradition to the US on Dec. 21. Around $2 trillion was eroded from the cryptocurrency market cap throughout the year.

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2022-12-26 03:14:02 JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. The senior investment strategist described.Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped.

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2022-12-25 21:03:02 Binance trading volume falls to its lowest since October 2020

Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics. With the upcoming holiday season and the rearing bear market, trading volumes on most centralized exchanges have been impacted. According to research published by CoinGecko, crypto derivatives trading volume on exchanges has tanked by 24% since the collapse of FTX. According to the study, a likely reason for the fall in the trading volume is that traders have stopped or reduced their trading activity since the FTX crash. Furthermore, the research added that trading activity also generally slows down toward the end of the year.

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2022-12-25 15:13:59 Caroline Ellison admits to concealing billions of dollars of FTX loans

FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. FTX to borrow funds from Alameda without limit. The two executives also hid that fact from investors and the wider public. Alameda Research is generally considered a sister firm of FTX, as Bankman-Fried founded both firms. While FTX operated as a cryptocurrency exchange, Alameda served as a hedge fund, allowing the two companies to work together closely. Ellison admitted to the lending arrangement in a statement to U.S. District Judge Ronnie Abrams in Manhattan federal court.

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2022-12-25 09:13:59 Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack

Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index.Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on Sept. 30, according to a company statement. The BTC mining industry has seen significant fluctuations during this bear market — the recent bankruptcy of Core Scientific stands as a testament to volatility of the sector. Though it is the largest public BTC miner by hashrate, Core Scientific has struggled under debt for many months — unable to pay off monthly debt service payments, according to Hashrate Index.

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