Connect with us

Bitcoin

Bankman-Fried’s Private jet Causes Buzz, Kraken CEO Addresses FTX Collapse and More Sleeping Bitcoins Wake up –

With the recent collapse of crypto exchange, FTX, there has been a lot of excitement in the worlds of finance and cryptocurrency. Sam Bankman-Fried, former CEO of FTX, was reportedly seen flying to Argentina in his private jet. Kraken’s CEO, however, has spoken out about the fallout from the Alameda/FTX saga and said that “The damage here are huge.” There are many other stories related to the scandal. In addition to this, Elon Musk once again gave his opinion on bitcoin and dogecoin.

Flight Radar Report Shows FTX Co-Founder's Private Jet Flew to Argentina, SBF Says He's Still in the Bahamas

Flight radar report shows FTX co-founder’s private jet flew to Argentina. SBF says he’s still in the Bahamas

According to Flightradar24’s official Twitter account, the most tracked flight at 3: 33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. Although the flight track does not indicate that SBF flew the flight, many people suspect someone in SBF’s inner circle flew out of the Bahamas. However, the former CEO of FTX texted Reuters following the flight report and stated that he didn’t leave the Bahamas.

Read More

Elon Musk: Bitcoin Will Make It, Dogecoin to the Moon

Elon Muss: Bitcoin Will Make it — Dogecoin To the Moon

Elon Musk,

Tesla CEO, and Twitter chief, has made positive statements about bitcoins and dogecoins despite recent crypto market declines. Musk said that bitcoin “will make” it and “DOGE on the moon.” Despite crypto market sell-offs and chaos surrounding bankrupt crypto exchange FTX (crypto winter), Musk still believes in the future of bitcoin, ethereum and dogecoin.

Read More

Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo

Kraken CEO Talks about the Impact of FTX Failure – Says Crypto Industry Has Suffering Huge Damage, It Will Take Years To Undo

The chief executive of cryptocurrency exchange Kraken explained the consequences of FTX’s collapse on the crypto market. After listing numerous red flags, Kraken’s CEO stressed that the damage done by FTX was severe. He stated: “We’re going to be working for years .”

to undo it.”

Read More

6,522 'Sleeping Bitcoins' Worth $107 Million Wake up After 5 Years of Inactivity

6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity

On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years. While bitcoin’s value is 75% lower than it was a year ago, so-called sleeping bitcoins have been waking up amid the recent crypto market capitulation.

Read More

What are your thoughts on this week’s top stories? Please leave your comments below.

Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. We make it simple for anyone to use our easy-to-use educational materials, get timely and objective news and have intuitive self-custodial products.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More

Bitcoin

Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

United States-based Strike users can now instantly transfer funds to Kenya, Ghana and Nigeria using the newly added feature “Send Globally”. This feature converts funds into local currencies before moving them to the recipients’ bank accounts or mobile money accounts.

The High Cost of Sending Money to Africa

According to Strike, a digital payment platform built on Bitcoin’s lightning networks, a new feature has been added to their platform that allows for instant, low-cost payments to Africa. The feature, known as “Send Globally”, is currently only available to US-based users. It applies to payments to Ghana, Kenya and Nigeria.

As the digital payments firm’s Dec. 6 press statement explains, the use of the Lightning Network’s rail makes transferring funds to any of the initially covered countries an almost costless exercise. According to a recent World Bank Migration and Development Brief, the cost of sending funds to the Sub-Saharan Africa region is currently the highest globally.

Direct deposits to the account

of the recipient

Strike has partnered up with Bitnob, an African payment platform, to overcome the cost and other difficulties associated with sending money across borders. Jack Mallers, founder and CEO of Strike, argued the case for the feature while he was still at it.

High fees, slow settlement, and lack of innovation in cross-border payments have negatively impacted the developing world. Payment companies in Africa are finding it difficult to do business. People cannot send money home because they can’t pay exorbitant fees for money transfers in and out Africa.

Mallers stated that users who wish to transfer funds to any one of these countries through Strike now have the option to “transfer their US dollars easily, instantly, across borders” via the new feature. Payments to any country are instantly converted into the appropriate currency and transferred to the recipient’s bank account or mobile money account.

The statement stated that Strike will continue to grow its payment service in Africa through integrations and partnerships, including with cross-border payment providers such as Chipper Cash.

Register your email here to get a weekly update on African news sent to your inbox:

What are your thoughts on this story? Please comment below to let us know your thoughts.

Terence Zimwara

Terence Zimwara, a Zimbabwean journalist, author, and writer has been awarded the Zimbabwe Journalism Award. He has written extensively on the economic problems of certain African countries and how digital currencies can offer an escape route for Africans.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services in this article.

Read More

Continue Reading

Bitcoin

Back to basics as Dogecoin retraces to 78.6% Fib level. Here is the potential price action

Dogecoin (DOGE/USD) trades at $0.085. Just a week ago, the cryptocurrency had tapped the $0.15 level. The losses underline the meme tag associated with Dogecoin. The cryptocurrency remains under the mercy of bears if the price fails to overcome a key level. Dogecoin’s recent recovery has largely been pegged to Elon Musk’s acquisition of Twitter.…


Dogecoin (DOGE/USD) trades at $0.085. Just a week ago, the cryptocurrency had tapped the $0.15 level. The losses underline the meme tag associated with Dogecoin. The cryptocurrency remains under the mercy of bears if the price fails to overcome a key level.

Dogecoin’s recent recovery has largely been pegged to Elon Musk’s acquisition of Twitter. Had you bought DOGE before October 27, when he finalised the acquisition, you would have tripled your investment. That is if you exited your position on August 31. Now, days after sealing the deal, the excitement has subsided, and DOGE may need a fresh price catalyst.

Musk has kept mum over whether DOGE would be accepted as payment for the social media giant. The billionaire had in the past supported DOGE and hinted at its use in Twitter payments. So the probability remains, but the lack of open announcements has been slowing DOGE. Consequently, the token has lost the mojo it had started late last month. Consequently, we could see the price remain subdued even longer if positive developments fail to come by.

DOGE struggles to clear $0.09 after attempting recovery at 78.6% Fib. level

Source – TradingView

Turning to the technical side, Dogecoin has found little bullish footing since sliding to $0.07. The level is slightly below the 78.6% Fibonacci retracement zone. However, recovery has been muted by key resistance at $0.09, and DOGE is taking another dip.

Should you buy DOGE?

Dogecoin is a very surprising cryptocurrency. The smallest of news can make the buyers go crazy. Taking advantage of such moves can generate huge returns, irrespective of what the technical indicators show.

Nonetheless, the current sentiment is not only bad for DOGE but all cryptocurrencies. DOGE also suffers from the lack of positive mentions, such as the speculated use in Twitter payment. With this in mind, a bear market could be inevitable.

A technical outlook shows that $0.09 is a key zone for DOGE to break to go higher. To a technical reader, the meme cryptocurrency is not an attractive buy.

Where to buy DOGE

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


Buy DOGE with eToro today


Share this article

Categories

Tags

Read More

Continue Reading

Bitcoin

Bitcoin Cash negates potential bullish reversal zones. Are buyers to be optimistic?

If you have been eyeing Bitcoin Cash at $110, you may have to wait a little longer. A contagion of risks brewing in the market forced a sharp selloff, pushing Bitcoin Cash to below $110. This level provided crucial support and the token formed multiple bottoms. BCH tested a lower level at $87 but has…


If you have been eyeing Bitcoin Cash at $110, you may have to wait a little longer. A contagion of risks brewing in the market forced a sharp selloff, pushing Bitcoin Cash to below $110. This level provided crucial support and the token formed multiple bottoms. BCH tested a lower level at $87 but has since recovered to above $100. Do you need to be optimistic?

Cryptocurrencies are known for sudden moves in the market. Just as the slip below $110 happened unexpectedly for BCH, a recovery above the level can too. Buyers should remain optimistic and be prepared to purchase once this happens. However, this should not be taken lightly.

Crypto winter seems far from over as this week’s selloff shows. Recent headlines have been about macro issues. Investors have been able to build a thick skin against any macro forces, such as tighter economies. For that reason, most cryptocurrencies have been consolidating – an example of BCH at $110. The liquidity status of crypto firms seems to be a crucial factor that markets have lost sight of.

The collapse of FTX brought a new perspective on crypto markets – the financial well-being of exchanges and crypto firms. How many people will be able to survive the next bull market as recession bells ring? This fear will continue to ring and long-term recoveries will be limited. Do you want to snap BCH?

BCH regains – heading back to above $110?

Source – TradingView

A sharp sell-off made BCH invalidate bullish reversal signs already forming at $110. The MACD indicator is still in the bearish zone. However, the weak momentum has improved slightly. $110 is the level to watch.

Should you buy BCH?

If you’re a “buy now, buy tomorrow” type, it is better to stay away from BCH right now. The token’s momentum is weak and it will not generate any returns.

However, long-term buyers should consider BCH on their waitlist. BCH’s safety from a potential further slump will be confirmed if the token recovers above $110.

Where to buy BCH

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users have the ability to connect with, learn, copy, or get copied from other users.


Get BCH today
with eToro

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp, which is fully regulated, offers users an intuitive interface and high levels of security for digital assets. It also provides excellent customer support.


Bitstamp – Buy BCH Today


Share this article

Categories

Tags

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.