Bitcoin climb fails to dispel fears that FTX contagion is ‘far from over’

Worries about contagion from the implosion of digital-asset exchange FTX clouded a rise in Bitcoin and other cryptocurrencies Tuesday.

The largest token rose as much as 2.1% and was trading at about $16,485 as of 10:23 a.m. in London. Second-ranked Ether also posted gains, while meme token Dogecoin surged 10% at one point.

Bitcoin has so far mostly weathered BlockFi Inc.’s bankruptcy on Monday. The crypto lender unraveled in the wake of the chaotic demise of Sam Bankman-Fried’s FTX and sister trading house Alameda Research.

The crypto world is now nervously watching for further fallout from FTX, with the spotlight trained on the likes of struggling brokerage Genesis.

“The credit contagion is far from over,” said Cici Lu, founder at Venn Link Partners, a crypto consultancy. There’s “still very low visibility, in the second and third layers of counterparty risk, in terms of who’s exposed to what,” Lu added.

Bitfront, a crypto exchange backed by Japan’s social media giant Line Corp., said it’s shutting down amid industry challenges but indicated the step isn’t connected to the collapse of FTX.

Chart Omen

Bitcoin chart patterns continue to flash warning signs about the token’s outlook. An analysis based on plotting sessions when the token moves up or down by at least 10%, a so-called point and figure study, signals the coin is at risk of testing support levels running as low as about $10,000.

Both Bitcoin and a gauge of the top 100 tokens have shed more than 60% this year, a rout that contributed to a spate of blowups at crypto outfits.

This story has been published from a wire agency feed without modifications to the text.

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Source: https://www.livemint.com/market/cryptocurrency/bitcoin-climb-fails-to-dispel-fears-that-ftx-contagion-is-far-from-over-11669722561054.html

Bad news for crypto investors! Market legend makes damning Bitcoin prediction

In what will be unwelcome news for cryptocurrency investors, legendary investor Mark Mobius has predicted that Bitcoin will continue its fall from the peak of nearly $69,000 in November 2021.

Mobius, who is the co-founder of Mobius Capital Partners and has an estimated net worth of $50 billion, has called digital currencies “too dangerous”. He added that he would neither invest his own money nor his clients’ in digital assets.

Speaking on the future of crypto in Singapore, Mobius said that his next target for Bitcoin is $10,000, a number which will take the crypto market leader back to the levels of more than two years ago in 2020.

Statistic: Bitcoin (BTC) price per day from Apr 2013 - Nov 27, 2022 (in U.S. dollars) | Statista
Find more statistics at Statista

However, Mobius added that cryptocurrencies are here “to stay”, noting that it still holds the trust of “several investors”. He also called Bitcoin holding ground amid the FTX collapse as “amazing”.

The crypto market is reeling from the impact of the rapid descent and eventual bankruptcy of FTX exchange, founded by Sam Bankman-Fried. Crypto analysts in some quarters are also predicting a similar slide in Bitcoin, as predicted by Mobius.

Bitcoin is currently at $16,195.50 as of 9:30 pm (IST) on Monday, November 28, 2022. Other major cryptocurrencies like Ether and Dogecoin have also been in the red. The top 100 cryptocurrencies have lost nearly 65 percent of their value in 2022.

READ | Amazon shuts wholesale distribution business in India amid reports of mass layoffs

Source: https://www.dnaindia.com/business/report-bad-news-cryptocurrency-investors-market-legend-makes-damning-bitcoin-prediction-mark-mobius-ether-dogecoin-3006437

Investing in crypto is ‘dangerous’ and bitcoin could plummet to $10,000, billionaire investor Mark Mobius says

  • Crypto is “too dangerous” to invest in right now, billionaire investor Mark Mobius said over the weekend.
  • Mobius predicted bitcoin will plunge to $10,000, though he believes the industry will survive the fall of FTX.
  • “Crypto is here to stay as there are several investors who still have faith in it,” he told Bloomberg.

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Crypto winter is set to deepen, and the price of bitcoin could soon plummet to $10,000, according to legendary investor Mark Mobius.

The billionaire and co-founder of Mobius Capital Partners gave his outlook for the world’s largest cryptocurrency in an interview with Bloomberg on Saturday, with the market still dealing with the aftermath of the fall of FTX, which filed for bankruptcy on November 11.

Since then, bitcoin has fallen 21%, a loss layered on top of the steep sell-off in cryptocurrencies already seen this year. The coin is now down 66% from levels in January – and a fall to $10,000, as Mobius predicts, would mean another 40% plunge from current levels.

Mobius said he thinks the sector is “too dangerous” to invest his own or his clients’ cash, and has been a long-time crypto skeptic. He’s previously called crypto a “religion” rather than an investment, and warned that a sell-off in cryptocurrencies could end up dragging the S&P 500 lower.

Despite the risks and volatility associated with the FTX drama, the industry is likely to survive the fallout, Mobius said, though he added it was “amazing” that bitcoin prices have held up as well as they have so far.

“Crypto is here to stay as there are several investors who still have faith in it,” he told Bloomberg.

Other market commentators have remained bullish on the future of crypto, despite the turmoil and the potential for regulators to crack down harder on the industry. Ark Invest’s Cathie Wood reiterated her bitcoin price target of $1 million over the next decade, and said she believes the current rout would leave bitcoin “smelling like a rose.”

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Source: https://markets.businessinsider.com/news/currencies/mark-mobius-crypto-winter-bitcoin-fall-ftx-crash-danger-investors-2022-11?op=1

Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides

Crypto lender BlockFi filed for bankruptcy protection Monday, indicating it hoped to restructure, continuing operations in the meantime.

This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day.

  • BlockFi has about $257 million in cash on hand and a Bermuda-based affiliate is also filing for liquidation in a similar process, according to a press release.
  • According to the company’s petition, BlockFi’s executives estimate the company has more than 100,000 creditors, and checked off the ranges. Executives estimate the company has between $1 billion and $10 billion in both assets and liabilities.
  • The company’s largest creditors include West Realm Shires Inc., the legal name for FTX US, which has a $275 million unsecured claim, and the Securities and Exchange Commission (SEC), which has a $30 million unsecured claim. The majority of the other top 50 creditors’ names were not shared.
  • A rocky year: BlockFi, which suspended withdrawals a few weeks ago due to the ongoing confusion about FTX’s assets, has faced a lot of setbacks. The company liquidated a large client earlier this year, and it needed a line of credit from FTX to survive.
  • The lender was set to raise funding at a $1 billion down round valuation in June, after raising $350 million at a $3 billion valuation in March 2021. As recently as July 2021, the company was looking to go public within the next 18 months, with a potential $500 million fundraise coming soon.

Other News

Bitcoin (BTC) slid around 2% amid news that crypto lender BlockFi had filed for bankruptcy protection earlier in the day. The largest cryptocurrency by market capitalization was trading around $16,200, down 1.9% in the past 24 hours.

The MakerDAO community rejected a proposal to use up to $500 million of the stablecoin USDC to invest in bonds with crypto investment firm CoinShares. As CoinDesk’s Krisztian Sandor reported, CoinShares had proposed managing between 100 million and 500 million USDC and actively investing the money in a portfolio of corporate debt securities and government-backed bonds with the aim of returning a yield matching the Secured Overnight Financing Rate. On Monday, some 72% of votes were cast against the proposal.

Equity markets fell amid widespread protests against Covid lockdowns in China. The S&P 500 index dropped by 1.5% at closing. The Nasdaq Composite and Dow Jones Industrial Average closed down 1.5% and 1.4%, respectively.

Altcoin Roundup

11/28 MW Chart (CoinDesk Research)

  • Ether’s price dropped following a “whale” address moved 73,224 ETH, worth $85.7 million, to Binance during the Asian trading hours, according to an analysis by on-chain researcher Lookonchain. Investors typically transfer coins to centralized exchanges when they intend to sell or use the coins as a margin in derivatives trading. Therefore, an uptick in exchange inflows often paves the way for heightened price volatility. Ether was around $1,170, down roughly 3% in the past 24 hours.

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This story originally appeared on Coindesk

Bitcoin (BTC) slid around 2% amid news that crypto lender BlockFi had filed for bankruptcy protection earlier in the day. The largest cryptocurrency by market capitalization was trading around $16,200, down 1.9% in the past 24 hours.

Source: https://markets.businessinsider.com/news/currencies/crypto-markets-today-blockfi-files-for-bankruptcy-protection-makerdao-rejects-500m-proposal-to-invest-in-bonds-and-btc-slides-1031940789?op=1

Top 5 Cryptocurrencies Of The Week – Week 47

Quick Summary:

The focus of this article is on the top five cryptocurrencies that have performed well in the last seven days.

Let’s go over it in more detail.

Huobi Token (HT) is an Ethereum-based decentralized token.

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Source: https://beamstart.com/news/top-5-cryptocurrencies-of-the-16695367894716

Top 5 Cryptocurrencies Of The Week – Week 47

The cryptocurrency market had a rough year in 2022. Bitcoin prices have fallen from around $69,000 to the current level of $16,500. Following Bitcoin prices, the entire crypto market lost around 70% on average. However, the focus of this article is on the top five cryptocurrencies that have performed well in the last seven days. Let’s go over it in more detail.

5. Top 5 Cryptocurrencies: ApeCoin (APE) +14.90%

GM $APE fam,

We want to remind the community that one of the benefits of decentralized finance is that anybody can interact with a smart contract, or develop clients and interfaces that allow users to interact with smart contracts. https://t.co/qqZX0D5tgE

— ApeCoin (@apecoin) November 24, 2022

According to its website, ApeCoin is the governance and local cryptocurrency of the Bored Ape Yacht Club. Its configuration enables it to grow into a decentralized protocol layer for community and environmental mobility. It is also an ERC-20 token that is only used by developers to empower and incentivize the decentralized structure and function at the top of the list of web3. Token holders are kept afloat by ApeCoin DAO’s decentralized governance framework. The APE price has surged by nearly +14.90% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

>> Click here to buy APE<<

4. Top 5 Cryptocurrencies: Dash (DASH) +15.31% — Dash (@Dashpay) November 15, 2022

Dash is a proof-of-work blockchain with some extra features. It was the first project to bring Masternodes. Users must lock 1000 DASH to continue operating a master node. As a result, the master node is compelled to operate precisely and provide extra weight in the network, which impacts the price. DASH’s price has gone up by nearly +15.31% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

>> Click here to buy DASH <<

3. Top 5 Cryptocurrencies: Litecoin (LTC) +19.78%

Litecoin Core v0.21.2.1 released! All users are advised to upgrade.https://t.co/Jyt0w3MYBx

— Litecoin Project (@LitecoinProject) June 8, 2022

Litecoin is among the most well-known and oldest cryptocurrencies on the market. It was invented just two years after bitcoin in 2011, and is generally regarded as bitcoin’s “little brother.” In terms of technology, Litecoin is built on an open-source protocol and is implemented almost virtually identically to Bitcoin. The goal of Litecoin was to make the Bitcoin system more efficient, reliable, and consistent. By increasing block processing time, Bitcoin’s scaling issues should be exacerbated. The Litecoin blockchain generates new blocks four times faster than the Bitcoin blockchain. The LTC price has surged by nearly +19.78% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

>> Click here to buy LTC <<

exchange comparison

2. Top 5 Cryptocurrencies: Curve DAO Token (CRV) +30.55%

Todays $ETH $CRV Liquidity utilization @CurveFinance 420% 🫡 pic.twitter.com/nHREas7Roz

— Llama Del Rey (@LlamaDelRey1196) November 22, 2022

The CRV Token, also known as the Curve DAO Token, is a governance token built on the Ethereum blockchain that powers Curve Finance, a DEX, and an AMM protocol. Anyone can use the Curve DAO DEX to rapidly exchange between ERC-20 tokens while avoiding sudden loss. Curve DEX is one of the most popular places for switching and locking crypto assets due to its capacity to outcompete the impermanent loss that most liquidity providers face when stashing their tokens in particular liquidity pools. The CRV price has surged by nearly +30.55% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

>> Click here to buy CRV <<

1. Top 5 Cryptocurrencies: Huobi Token (HT) +55.40%

#Huobi Your Gateway To #Web3

— Huobi (@HuobiGlobal) November 23, 2022

The Huobi token is the medium of exchange of the Chinese cryptocurrency exchange Huobi. It offers benefits to its holders when they utilize the exchange. Huobi Token (HT) is an Ethereum-based decentralized token. Huobi Group created and distributed the token, which has a limited quantity of 500,000,000 HT that will never be increased. The HT price has surged by nearly +55.40% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

>> Click here to buy HT<<

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According to its website, ApeCoin is the governance and local cryptocurrency of the Bored Ape Yacht Club. Its configuration enables it to grow into a decentralized protocol layer for community and environmental mobility. It is also an ERC-20 token that is only used by developers to empower and incentivize the decentralized structure and function at the top of the list of web3. Token holders are kept afloat by ApeCoin DAO’s decentralized governance framework. The APE price has surged by nearly +14.90% in the last seven days, earning it a spot on our list of the top cryptocurrencies.

Source: https://cryptoticker.io/en/top-5-cryptocurrencies-week-47-2/

Regulation of cryptocurrencies in Canada: a digital dollar, stringent licensing, and Bitcoin ETFs

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In October, the Investment Industry Regulatory Organization of Canada registered Toronto-based Coinsquare as the country’s first cryptocurrency trading company (IIROC). This is significant since Coinsquare is now forced to disclose its financial condition on a regular basis and investors’ monies are now protected by the Canadian Investment Protection Fund in the event of collapse.

This news serves as a reminder of the unique aspects of Canadian cryptocurrency regulation. The nation outperforms the neighboring United States in its experiments with cryptocurrency exchange-traded funds (ETFs), pension fund investments, and central bank digital currency (CBDC) efforts—even though it still has a somewhat rigid licensing process for producers of virtual assets.

A time of limited dealers

Since none of its rivals can now claim the same legal footing, Coinsquare, which also happens to be Canada’s longest-running crypto asset trading platform, benefits from its new legal standing. All other local players must hold the status of a “restricted dealer” by the time of publication, indicating that they have submitted their registration bid and are awaiting IIROC’s judgment.

IIROC and the Canadian Securities Administrators (CSA) released the Guidance for Crypto-Asset Trading Platforms in 2021. Businesses using security tokens or crypto contracts are required to register as “regulated markets” or “investment dealers.” The registration process should be started by all local businesses during the two-year transitional period, and in some situations, they should also apply for the interim “restricted dealer” registration.

The list of “restricted dealers” who have been given a two-year grace period to continue doing business while the registration procedure is still in progress is rather small and consists mostly of local businesses like Coinberry, BitBuy, Netcoins, Virgo CX, and others. These businesses continue to have the legal right to make it easier to acquire, trade, and store crypto assets, but what lies ahead for them is the rigorous compliance process required to continue running their businesses until 2023. For instance, Coinsquare was required to finance a trust account held at a Canadian bank and obtain an insurance policy that contains an endorsement for losses of crypto assets.

The prosecutors have been attentively monitoring for any instances of non-compliance. Bybit and KuCoin were hit with financial penalties by the Ontario Securities Commission (OSC) in June 2022 for allegedly operating unregistered crypto asset trading platforms and violating securities regulations. KuCoin was forbidden from trading on the provincial capital markets, and the exchange was fined more than $1.6 million as a result of the orders it acquired.

The experimental region

While this is happening, there are adoption situations in Canada that seem radical to Americans. For instance, while there are other crypto ETFs available for investment in the nation, Grayscale is still fighting the U.S. Securities and Exchange Commission (SEC) in court for the right to introduce its first ETF.

The OSC for Purpose Investments approved the first Bitcoin BTC $16,536 ETF for individual investors back in 2021. The fact that the purpose Bitcoin ETF acquires about 23,434 BTC is actually a clear sign of the bear market. It had about 41,620 BTC in May 2022. The Purpose Bitcoin ETF saw a significant outflow in June when investors withdrew roughly 24,510 BTC, or about 51% of its asset under management, in a single week.

The top pension funds in Canada began to invest in digital assets, marking another milestone in the country’s adoption of cryptocurrencies. One of the major pension funds in the French-speaking region of Quebec, the Caisse de Depot et Placement du Québec, invested $150 million in Celsius Network in 2021.

The Ontario Teachers’ Pension Plan disclosed its $95 million investment in FTX in the same month. Unfortunately, this information didn’t stand the test of time because both businesses eventually failed, forcing the pension funds to write off their assets. The U.S. Department of Labor’s recommendation to employers not to use pension funds that contain Bitcoin or other cryptocurrencies may now appear like a sensible precaution in light of that.

Canada is one of the top locations in the world for cryptocurrency mining due to its chilly environment, affordable electric supply, and lax regulations. It made up 6.5% of the world’s BTC hash rate in May 2022. Hydro-Québec, the business in charge of managing electricity in the Canadian province of Quebec, asked the government to relieve it of its duty to supply electricity to the region’s crypto miners this fall. According to the logic, Quebec’s electricity demand would increase to the point where powering cryptocurrency will put pressure on the energy provider.

Another area where Canada has been outpacing its southern neighbor is the development of the CBDC. In partnership with the Massachusetts Institute of Technology, the Bank of Canada began a 12-month research project in March 2022 that was centered on the creation of the Canadian digital dollar.

In a study report released in October, the Bank of Canada suggested a number of specific CBDC archetypes as suitable for classifying “the conceivable CBDC architectures.” A minor part on “Addressing the Digitalization of Money” can be found in the country’s most recent budget amendment, even though “no decision was taken on whether to implement a CBDC in Canada” back in March. In the statement, the government said that stakeholder consultations on digital currencies, stablecoins, and CBDCs will begin on Nov. 3. However, it is yet unclear which stakeholders will be involved.

Partisan differences

The debate over bill C-249, which may have established Canada’s official regulatory framework for cryptocurrencies, revealed a stark party difference on the issue. In February 2022, a member of the Conservative party and former minister Michelle Garner filed a bill to the House of Commons for the “encouragement of the expansion of the cryptoasset sector.” Three years after the bill’s adoption, the MP suggested that Canada’s Minister of Finance speak with business professionals to create a legal framework intended to foster innovation around cryptocurrencies.

Despite the local crypto community’s expressed support, the bill didn’t receive much support from other MPs. As a result of the criticism leveled at the proposal and the Conservative party during the second reading on Nov. 21–23 by members of other political parties, including the dominant Liberal party, who claimed that they were promoting the “dark money system,” a Ponzi scheme, and bankrupting retirees, C-249 has now been declared dead.

While Michelle Garner was the bill’s sponsor, Pierre Poilievre, head of the Conservative Party, received the majority of the criticism. Using tokens, smart contracts, and decentralized finance, Poilievre, a former minister of employment and social development, has been promoting more financial freedom. He urged the people of Canada to elect him as their leader earlier this year in an effort to “make Canada the blockchain capital of the world.”

Given C-249’s failure and the current state of the market, it seems unlikely that Poilievre and the Conservatives will receive widespread support in the Parliament for their pro-crypto initiatives before the country’s next general elections in 2025. Only 16 of the 105 Senate seats and 119 of the 338 seats in the House of Commons are currently held by the Conservative party.

Next steps

According to Julia Baranovskaya, chief compliance officer and member of the co-founding team at Calgary-based NDAX, there are particular issues from the perspective of trading platforms that the sector works to resolve. “Clear criteria and a risk-based strategy” are what the majority of industry stakeholders want to see. At this time, the majority of regulatory bodies in Canada have decided to apply the rules and regulations already in place for the traditional financial industry.

Baranovskaya did point out that regulators and the cryptocurrency business have been conversing more frequently in recent years. The Securities Commission has established a sandbox and encouraged creative enterprises providing alternative financial instruments as well as platforms for trading crypto assets to join. In order to better understand business models and determine how the existing framework may be applied to them, the IIROC has also been facilitating discussions with industry participants.

There are still issues with the fragmented regulatory environment and the lack of laws that specifically apply to crypto assets. The majority of current rules are product-based, but given how quickly the crypto industry is developing, this strategy “will always lag behind.” Understanding the underlying technology of crypto assets and De-Fi solutions that establish a flexible yet strong regulatory framework that can adapt to the constantly shifting crypto asset environment is crucial, according to Baranovskaya.

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IIROC and the Canadian Securities Administrators (CSA) released the Guidance for Crypto-Asset Trading Platforms in 2021. Businesses using security tokens or crypto contracts are required to register as “regulated markets” or “investment dealers.” The registration process should be started by all local businesses during the two-year transitional period, and in some situations, they should also apply for the interim “restricted dealer” registration.

Source: https://insidebitcoins.com/news/regulation-of-cryptocurrencies-in-canada-a-digital-dollar-stringent-licensing-and-bitcoin-etfs

Buy cryptocurrencies: Investors should definitely pay attention to this in November 2022!|

Buy cryptocurrencies - tips for November

November 2022 brought unexpectedly strong selling pressure to the crypto market. Because the sentiment for many cryptos had actually improved in October. The recovery progressed slowly but surely. But in hindsight, it was again just a bear market rally. The FTX crash brought crypto investors back to earth. Many coins crashed by around 20%, the total crypto market cap fell by over $200 billion.

So it is hardly surprising that many investors are rather hesitant about the situation on the crypto market. The purchase of some coins is currently not necessary. Fear and worry dominate, although the best foundation for long-term wealth accumulation is traditionally laid in the bear market. Those who want to buy cryptocurrencies can also invest in selected projects in November 2022. However, one should not act rashly, but consider basic tips. Buy cryptocurrencies in November 2022? this is important now:

1. Consolidation progresses after FTX crash Bitcoin course

Coingecko’s Bitcoin chart illustrates this notion. Because the liquidity crisis of FTX with the resulting insolvency caused a flash crash that took place at breakneck speed. However, after a massive sell-off, cryptos recovered slightly to sell off short-term recovery gains directly. Since then, the consolidation has progressed, so that not much has really happened in the past two weeks. Investors should bear in mind in November 2022 that we are in a consolidating sideways movement after the crypto market shock. The subsequent reaction remains uncertain.

2. Sound analysis more important than ever

Besides diversification, what can best reduce the risks of a portfolio? A well-founded analysis of the respective assets! However, one should not be deceived. Risks can be skilfully reduced with a comprehensive analysis, but unfortunately cannot be prevented entirely.

Nevertheless, when searching for new coins or analyzing existing cryptos, so-called ?Red Flags? identify items that indicate potential hazards. Here, November 2022 could be ideally suited to individual ?Red Flags? to identify, if they exist, you will simply no longer invest in the respective asset. For the future, this could be the existence of comprehensive proof of reserves for native tokens of the CEX (like FTX and FTT), which guarantee the coverage of customer deposits. If a CEX does not make an effort, the native token can no longer be considered as an investment.

3. Turnaround speculation harbors high risks

Many a crypto investor could come up with the idea of ​​investing in the FTT token, which has fallen sharply, or of betting everything on Solana because of an attractive risk-reward ratio. The native tokens of other centralized exchanges, with the exception of Binance Coins, have sometimes been hit a lot harder. With an appropriate weighting, there is nothing wrong with such turnaround speculation. Nevertheless, crypto investors should be aware of the risks associated with such speculation. At that time, many an investor already grabbed the falling knife at Terra (LUNA), only to see that the investment was then halved again.

4. Crypto presales for diversification

With around 22,000 tokens and coins, according to CoinMarketCap data, the crypto market offers an incredibly large selection. But quite a few of these cryptos are so-called dead coins, which are hardly suitable for an investment. However, things could look different if you invest in new coins that could find favor in the crypto sector in the medium term with a really viable concept.

Two suggestions for more diversification with participation in a crypto presale:

Dash 2 Trade (D2T): The new crypto currency seems to be made for the time after the FTX crash Dash 2 Trade. Because here a multifunctional analysis platform is created to trade even more profitably in the digital currency market. As already shown, the well-founded analysis of tokens and coins is becoming increasingly important. Dash 2 Trade offers a variety of features here, including trading signals, sentiment, social media analysis, ICO scores, on-chain data and much more.

Here to Dash 2 Trade

Impact Project (IMPT): Environmental protection and sustainability are becoming increasingly important. Bet on these megatrends IMPT.io a new cryptocurrency that wants to combine online shopping with emissions trading. At the same time, the tracking and compensation of the ecological footprint should finally be made easier to implement. This is achieved with various platforms that skilfully mesh. An IMPT token currently costs $0.023, in the final phase already $0.028.

Here to IMPT.io

“Investing is speculative. When investing, your capital is at risk. This website is not intended for use in any jurisdiction where the trading or investment described is prohibited and should be used only by persons and in ways permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. So do your own due diligence. This site is available to you free of charge, however we may receive commissions from the businesses we feature on this site.”

Coingecko’s Bitcoin chart illustrates this notion. Because the liquidity crisis of FTX with the resulting insolvency caused a flash crash that took place at breakneck speed. However, after a massive sell-off, cryptos recovered slightly to sell off short-term recovery gains directly. Since then, the consolidation has progressed, so that not much has really happened in the past two weeks. Investors should bear in mind in November 2022 that we are in a consolidating sideways movement after the crypto market shock. The subsequent reaction remains uncertain.

Source: https://taketonews.com/buy-cryptocurrencies-investors-should-definitely-pay-attention-to-this-in-november-2022/

Business News | Which Cryptocurrencies Are Best to Fight This Winter Dump? Here is Our List: Rocketize Token, UniSwap, and Avalanche

Get latest articles and stories on Business at LatestLY. This year has been rough so far, with the majority of coins spiraling downward – this bearish episode has left many bewildered and thinking over their decision to get into cryptocurrencies.

Agency News ANI| Nov 26, 2022 07:08 PM IST

New Delhi [India], November 26 (ANI/ATK): This year has been rough so far, with the majority of coins spiraling downward – this bearish episode has left many bewildered and thinking over their decision to get into cryptocurrencies.

Little do they know that the trading cycle continues, and it’s normal to observe a year or two OFF as it’s all about time. The longer you stay resolute, the more probable it is for you to win profits.

Also Read | Delhi Police Constable Jumps off Bike To Catch Notorious Snatcher in Shahbad Dairy Area (Watch Video).

But the question is, are you willing to take risks? Not that we encourage blind shots, but we endorse calculated and research-backed risks, so the prospects are better positioned to anticipate anything. This brings us to this guide, where the most flourishing choices are discussed. The list starts with the Rocketize Token (JATO).

Rocketize Token (JATO) – A Combo of Meme and Application-Based Coin

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Is it again a meme coin? Haven’t we seen many of them already going off the rails? These questions are often held upfront when the word “meme” is tossed up. Many link the idea of memes with nothing but digital commodities to laugh at and nothing much. The boundaries for memes are confined, which makes us not go beyond them. The reality, on the other hand, is far from that because the industry has evolved, and meme coins are endorsed as tokens with a multitude of features. These features were not previously even in those so-called utility tokens. So, with meme coins like Rocketize Token (JATO), you’ve got an added advantage that caters to both tiers of society. Along with the exposure to a wide range of audiences, it’ll likely get more people on board, equating to more profits.

NFTs have lately emerged as the building blocks of Metaverse because if Meta is to succeed, it can’t be materialized without the aid of these non-fungible tokens. Rocketize Token (JATO) rightly capitalizes on this concept, where it encourages its community to mint NFTs and carry trades.

This openness to this channel is a real treat for its stakeholders because not only will they leverage an opportunity to earn from direct trading, but they will certainly have their feet into such indirect means of trading that may, in some cases, bring more profits that the official trade. We’ve previously observed how merely the screenshots have been sold for millions of USD, and the potential is massive – only if we learn how to tailor it, we’re good to go! Rocketize Token (JATO) indeed has opened gates to treasures, and the audience is gonna kill it!

Any idea about the presale period? The coin isn’t launched officially, and there’s still time. The price generally is at the lowest in this phase so if you believe JATO is your call, make sure you make the best use of this time! Not to forget, there’s another offer on JATO where you’ll likely get 40 USD for sharing the idea among your circle, and for every purchase of 100 USD, you’ll cherish FREE 40 per cent gains.

UniSwap (UNI) Bolsters Decentralization

UniSwap (UNI) is an idea that supports decentralization and encourages entrepreneurs even to copy its code and launch their exchange. UniSwap (UNI) takes this DeFi game to another level and rightly serves the core mission of cryptocurrencies: to not receive dictation from any governing body.

Avalanche (AVAX) – Another Competitor to Ethereum

Avalanche (AVAX) competes with Ethereum in its functionality and claims to process transactions faster than its counterparts. It’s based on DAO, where it values the opinions of its stakeholders and lets them contribute to their capacities. The major downside that we potentially see is its competition against the industry giants.

For more information on Rocketize Token (JATO), you can visit the following links:

Presale: https://rocketize.io/buy

Website: http://rocketize.io

Telegram: https://t.me/RocketizeTokenOfficial

This story has been provided by ATK. ANI will not be responsible in any way for the content in this article. (ANI/ATK)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

But the question is, are you willing to take risks? Not that we encourage blind shots, but we endorse calculated and research-backed risks, so the prospects are better positioned to anticipate anything. This brings us to this guide, where the most flourishing choices are discussed. The list starts with the Rocketize Token (JATO).

Source: https://www.latestly.com/agency-news/business-news-which-cryptocurrencies-are-best-to-fight-this-winter-dump-here-is-our-list-rocketize-token-uniswap-and-avalanche-4510072.html

Why You Need To Buy These New Cryptos That Will Explode

Finding cryptocurrencies that will keep growing in the future has become harder than ever as the entire market enters a new era of uncertainty. The market crash of early 2022, rising energy costs, and the liquidation of FTX resulted in over $2.3 trillion in losses across the cryptocurrency markets.

However, a few projects still show signs of future growth, and that’s what we’ll discuss in this article. Projects like Dash 2 Trade, RobotEra, IMPT, and Calvaria are the most likely to explode in the next few months, so let’s see why they are considered top investments right now.

Top Cryptocurrencies To Explode Soon

You can find more details about the hottest new crypto projects that are about to make their first CEX/DEX listings in the near future. Each has enormous growth potential, as they are designed according to the latest trends. So let’s jump right into it.

1. Dash 2 Trade – Cryptocurrency Analytics and Social Trading Platform

Dash 2 Trade is a new crypto analytics and social trading platform with a bright future. It appeared at the perfect moment when crypto trading became more challenging than ever before. The platform’s primary goal is to provide users with accurate data about every cryptocurrency and trading signals designed to ensure that users make the best investments possible. In addition, Dash 2 Trade offers a complete set of crypto trading features that will make every online trade less risky and improve your overall ROI.

The platform is designed to make trading cryptos easier and less risky and educate users about how to make better investments. After the official release, Dash 2 Trade’s basic features will be free, while the two available paid subscriptions will require native D2T tokens to unlock. The Starter pack will cost 400 D2T per month, while the Premium pack with all features unlocked will cost 1,000 tokens every month. The latter option allows users to copy crypto whale transfers, get real-time trading signals, exchange ideas with other traders, and much more.

Dash 2 Trade is in the presale phase right now, so you have a perfect opportunity to invest early and enjoy the highest returns down the road. However, even if you’re not looking to invest in cryptos right now, Dash 2 Trade is an excellent project, and it should be on top of your priority list because it can help you hone your crypto-trading skills while making a profit.

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2. RobotEra – New Block-Builder Blockchain Game With Excellent Tokenomics

RobotEra is another upcoming blockchain project likely to explode in the next few months. It’s a futuristic block-builder game similar to Minecraft, but it takes place on a distant robot planet with an incredibly complex social and economic system. Apart from building everything from scratch, including the playable robotic characters, users will also have to find ways to set up trading routes with their neighbors to secure all resources needed to develop the world.

Of course, all user-built areas and items will work as NFTs, allowing players to buy and sell their creations within the metaverse. That includes objects, homes, factories, cards, and even cities. All transactions will require native TARO tokens, which can also be obtained through various activities, challenges, etc. Moreover, players can also stake their TARO tokens to get a vote about RobotEra’s future.

RobotEra entered presale a few days ago, so it’s one of the newest blockchain platforms to invest in right now. If you invest right now, you can get a ton of TARO tokens for a super-low price. Once RobotEra explodes, you could get as much as 100x in returns.

>>Buy RobotEra Now>>>Buy RobotEra Now<<<

3. IMPT – Eco-Friendly Crypto With High Return PotentialIMPTIMPT

If you’re looking to invest in a sustainable project likely to keep growing steadily in the new crypto environment, investing in IMPT is a must. IMPT is the world’s most eco-friendly crypto ever, and it aims to spread carbon pollution awareness and allow users to reduce their carbon footprints.

Namely, the platform partnered with over 10.000 recognized worldwide brands that also want to help build a greener world. When users buy something from these brands, they will receive carbon credits. Furthermore, since IMPT is a social platform, all users can see each other’s credit scores to motivate others to reduce their carbon footprints. That can be done by exchanging the carbon credits for IMPT tokens or minting them into NFTs to preserve value. In addition, IMPT will spend a portion of its income to fund green projects worldwide to help reduce carbon emissions.

IMPT has been one of the most popular token presales in the past few months. The project raised over $13 million in a few weeks, but IMPT tokens are selling so quickly that you’ll have to hurry to get yours at a discount. The platform will go live after it reaches its final goal of $25.98 million, so if you want to invest in a scalable eco-friendly crypto project, IMPT is the only real choice.

>>Buy IMPT Now>>>Buy IMPT Now<<<

4. Calvaria – Play-To-Earn Trading Card Game With A Bright FutureCalvariaCalvaria

Calvaria: Duels of Eternity is another new crypto project expected to get massive gains in 2023. The project is designed by a team of expert blockchain developers who share a passion for trading card games. Therefore, it’s not only designed according to the best blockchain practices, but the game is highly competitive and fun.

Since Calvaria is a blockchain trading game with Play-to-Earn (P2E) mechanics, active users will get free RIA tokens for winning tournaments. In addition, RIA tokens are used for all card deck upgrades, customizations, and other in-game transactions. The game features multiple factions, hundreds of well-designed characters, amazing on-screen effects, and much more.

RIA tokens are also available in presale, allowing you to get a ton of tokens for a small investment. If you invest right now, you will likely enjoy incredibly high returns in 2023. Head to the official Calvaria site and secure your spot among the earliest investors today!

>>Buy Calvaria Now>>>Buy Calvaria Now<<<

Wrapping Up

All four projects mentioned above are excellent candidates for the highest gainers of 2023. Each of them is designed according to the best industry practices, which makes them great investment options in the new crypto environment. Check their official websites to see why these projects have what it takes to keep growing steadily in the future, despite the rising uncertainty in the crypto ecosystem.

Source: https://www.outlookindia.com/outlook-spotlight/why-you-need-to-buy-these-new-cryptos-that-will-explode-news-240265