Dave's Daily Crypto Take

#Bitcoin #FTX #Metaverse

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

 https://ambcrypto.com/bitcoin-hits-this-low-but-whats-the-unrevealed-narrative-around-btc/

Bitcoin hits ‘this’ low, but what’s the unrevealed narrative around BTC

Bitcoin’s SOPR hit its lowest point more than two years after the last one

Short-term projections for the king coin showed bearish signs despite more long-term holders remaining in profit

Bitcoin [BTC], for the first time since March 2020, hit its lowest point per Spent Output Profit Ratio (SOPR) on 19 November. According to CryptoQuant analyst Maartunn, it was necessary to touch upon this while considering Bitcoin’s on-chain status.

He further revealed that BTC’s SOPR stood at 0.984 at press time. The metric hitting rock bottom implied that most HODLers sold BTC at a loss.

https://www.thestreet.com/travel/walt-disney-50-celebration-closes-ends-characters-attractions-entertainment?puc=flipboard2&cm_ven=FLIPBOARD2

Disney Plans Big Cuts After its 50th Anniversary Celebration

Disney has a special place in many people’s hearts and the memories. If you breathe air and have been around in the last two centuries, you are bound to have fond memories of Disney. If it’s a Disney movie, a character you fell in love with, songs from the movies or memories from attending one of its many theme parks, there is a certain nostalgia that comes around whenever the word Disney is mentioned.

https://ambcrypto.com/cosmos-taking-a-short-position-on-atom-read-this-to-get-a-clear-picture/

Cosmos: Taking a short position on ATOM? Read this to get a clear picture

Osmosis outperforms other DEXes in terms of development activity

Despite this, Cosmos’ TVL continues to decline, along with its trading volume

Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days.

https://venturebeat.com/virtual/no-the-metaverse-is-not-dead-its-inevitable/

No, the metaverse is not dead – it’s inevitable

Over the last few weeks, many people have asked me the same question: Is the metaverse dead? This pessimism is not surprising, considering that Meta stock has lost over half its value since formally announcing its strategic pivot to the metaverse. Adding insult to injury, last week Meta announced major layoffs across the company, increasing fear throughout the industry.

Trying my best to be objective, I see the current struggles at Meta as a reflection of its legacy business rather than an indication that its metaverse strategy is failing. I believe it will take another year or two before we can really predict whether Meta will be successful in this space, or if other large players will emerge as the true leaders of the metaverse.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #FTX #JustinBieber

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/bitcoin-btc-short-traders-ravage-the-market-as-whales-intensify-accumulation/

Bitcoin [BTC] short-traders ravage the market as whales intensify accumulation

In spite of persistent price decline, Bitcoin whales continue to accumulate.

However, on-chain data suggested that most might be accumulating to short the king coin

Currently trading at a two-year low, Bitcoin [BTC] whales have ramped up the accumulation, on-chain data showed.

https://qz.com/the-grownups-are-now-taking-charge-of-ftx-1849795524

The grownups are now taking charge of FTX

The job of new FTX CEO John Ray III, who was appointed in the wake of the cryptocurrency exchange’s bankruptcy filing, is ostensibly to guide FTX through a complicated restructuring and try to get the exchange’s creditors and customers their money back.

https://ambcrypto.com/dogecoin-doge-buyers-can-leverage-this-patterns-break-to-their-benefit/

Dogecoin [DOGE] buyers can leverage this pattern’s break to their benefit

While defending the $0.07 baseline, Dogecoin formed a bearish pattern on its daily chart.

DOGE’s Social volumes declined but its funding rate unveiled some hope.

Dogecoin’s [DOGE] reversal from the $0.07 support finally broke the streak of red candles as the buyers attempted to change the narrative. Consequently, the meme coin grew but flattened near the 200 EMA (green).

https://www.businessinsider.com/justin-bieber-bored-ape-nft-value-dropped-after-ftx-collapsed-2022-11

Justin Bieber bought a Bored Ape NFT in January for $1.3 million that's likely worth about $70,000 in the wake of the FTX collapse

Justin Bieber's bought a Bored Ape NFT for $1.3 million in January. It's now probably worth $70,000, according to NFT Price Floor.

The 95% drop in valuation comes after Sam Bankman-Fried's FTX collapsed and caused crypto prices to crash.

Bored Ape isn't the only ethereum-fueled NFT collection impacted by the crypto crash.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #FTX #Tombrady

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/sec-v-ripple-16-companies-granted-motion-to-file-amicus-brief/

SEC v. Ripple: 16 companies granted a motion to file an amicus brief

The latest hearing for SEC’s lawsuit against Ripple saw the latter gaining a significant advantage

The judge has given until 18 November for 16 companies to file their briefs

More than two months after the first request to file amicus curiae was submitted to the court in SEC v. Ripple, presiding Judge Analisa Torres has finally granted the ‘friend of the court’ to actually show up in court in support of Ripple.

https://www.vox.com/future-perfect/23462333/sam-bankman-fried-ftx-cryptocurrency-effective-altruism-crypto-bahamas-philanthropy

Sam Bankman-Fried tries to explain himself

Last night, Sam Bankman-Fried DMed me on Twitter.

That was surprising. I’d spoken to Bankman-Fried via Zoom earlier in the summer when I was working on a profile of him, so I reached out to him via DM on November 13, after news broke that his cryptocurrency exchange had collapsed, with billions in customer deposits apparently gone. I didn’t expect him to respond — typically, people under investigation by both the Securities and Exchange Commission and the Department of Justice don’t return requests for comment.

https://foxsportsradio.iheart.com/featured/outkick-the-coverage-with-clay-travis/content/2022-11-16-tom-brady-steph-curry-other-major-celebrities-sued-for-ftx-endorsement/

Tom Brady, Steph Curry, Other Major Celebrities Sued For FTX Endorsement

Tampa Bay Buccaneers quarterback Tom Brady and Golden State Warriors guard Stephen Curry are among the notable backers being sued for endorsing FTX, along with the cryptocurrency company and its former CEO Sam Bankman-Fried, a copy of the lawsuit shared by The Block crypto reporter Stephanie Murray on Wednesday (November 16) revealed.

https://www.coindesk.com/business/2022/11/16/ftx-employees-were-encouraged-to-keep-life-savings-in-the-now-bankrupt-exchange-sources-say/

FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say

Retail and institutional investors weren’t the only ones to get rug pulled by FTX’s swift and stunning collapse last week.

In addition to losing their jobs at the now-bankrupt exchange, many of FTX’s employees also appear to have significant amounts of personal wealth locked in the platform – wealth that is likely gone after being sucked into the black hole of the FTX disaster.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Binance #CZ

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://fortune.com/crypto/2022/11/15/binance-cz-crypto-first-time-investors-advice-ftx-sbf/

The head of the world’s largest crypto exchange says that most people shouldn’t invest right now

Even the crypto industry’s leaders are cautioning investors against buying the dip.

With cryptocurrency prices so low, it might seem like a good time for first-time buyers to invest, after industry figureheads like Microstrategy’s Michael Saylor and Tesla’s Elon Musk popularized the “buy the dip” crypto trend this year.

But the market is going through unprecedented turbulence right now after last week’s sudden implosion of FTX—one of the largest crypto exchanges—and the fall from grace of its founder and ex-CEO Sam Bankman-Fried, a former hero to crypto insiders. Combined with a crypto winter that has dragged down cryptocurrency prices since last spring, the market is rife with uncertainty and low consumer confidence.

https://ambcrypto.com/how-has-the-ftx-collapse-impacted-btc-hodlers-this-data-reveals/

Bitcoin holders, whales, and miners: The impact of FTX on the state of BTC

Bitcoin HODLers withdraw historic amounts of BTC from exchanges

Miners continue to feel the pressure amidst the FUD

The mistrust in exchanges has continued unabated ever since the FTX collapse. Now, in an unprecedented move, many BTC HODLers have started withdrawing huge amounts of Bitcoin out of their exchange wallets.

https://www.euronews.com/next/2022/11/15/fintech-crypto-weekly

Cryptoverse: So long, Solana? Ether rival clobbered by FTX crash

The cryptocurrency, which had been lauded by FTX‘s founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of the exchange.

The Solana token, or SOL, has dropped 53.8% since the furor began unfolding on Nov. 2. By comparison, ether has fallen about 20% and bitcoin 19%.

https://ambcrypto.com/bitcoin-assessing-the-odds-of-btc-investors-surviving-the-long-winter/

Bitcoin: Assessing the odds of BTC investors surviving the ‘long winter’

BTC held by the exchange was at an all-year low

MVRV Ratio and weighted sentiments were up

Elon Musk recently posted a tweet regarding Bitcoin [BTC], wherein he mentioned that “BTC will make it, but might be a long winter.”

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #SamBankmanFried #FTXarena

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://markets.businessinsider.com/news/currencies/ftx-bankruptcy-sam-bankman-fried-ceo-crypto-binance-alameda-markets-2022-11

FTX files for bankruptcy and Sam Bankman-Fried steps down as CEO after crypto exchange fails to secure bailout

FTX announced it was filing for Chapter 11 bankruptcy along with Alameda Research and affiliated companies.

Sam Bankman-Fried resigned from his role as CEO of FTX, though he will remain to assist an orderly transition.

The new CEO, John J. Ray III, previously was brought in by Enron to clean up its finances.

https://ambcrypto.com/avalanche-this-level-can-make-or-break-avaxs-potential-to-rebound/

Avalanche: This level can make or break AVAX’s potential to rebound

Avalanche broke into high volatility to highlight a visible selling edge on its chart.

The crypto’s funding rates marked an improvement but were yet to turn positive.

https://www.totalprosports.com/nba/adult-website-miami-heat-naming-rights/

Adult Website Offers Miami Heat $10 Million For Arena Naming Rights (TWEET)

The FTX arena is no more.

FTX purchased the naming rights for the Heat arena last year in a massive 19-year, $135 million deal.

https://www.thestreet.com/investing/cryptocurrency/billionaire-mark-cuban-blames-regulator-over-crypto-debacle?puc=flipboard2&cm_ven=FLIPBOARD2

Billionaire Mark Cuban Assigns Blame Over Crypto Crisis

Mark Cuban is not happy and makes it known.

The successful entrepreneur seems, like most business circles, to have been shocked by the implosion, in less than a week, of FTX, one of the big players in the crypto sphere.

The cryptocurrency exchange filed for Chapter 11 bankruptcy on Nov. 11, after three turbulent days, which saw a company valued at $32 billion in February urgently calling on its rivals for help.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #SamBankmanFried #OdellBeckhamJr

 I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. 

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/does-the-recent-aave-dip-offer-a-buying-opportunity-or-will-the-bears-prevail/

Does the recent Aave dip offer a buying opportunity, or will the bears prevail

The drop below $79 flips the market structure to bearish

Some outflows from the exchanges suggest a mild possibility of a bullish scenario

Since 5 November, USDT (Tether) Dominance shot upward from 6.81% to 8.38%. This showed that market participants fled from crypto assets into holding stablecoins such as Tether. Fear dominated the markets in the wake of the news about FTX’s insolvency. Aave performed quite well in the past month.

https://www.totalprosports.com/nfl/odell-beckham-jr-salary-loss-bitcoin-decline/

If Odell Beckham Jr. Is Still Holding On To The Bitcoin He Was Paid To Play In 2021, It’s Now Worth NEGATIVE $190k

Back in 2021, celebrities putting money in Bitcoin seemed like the way to go for the future, but everything is a risk in life, and a lot of them are taking a big hit.

When the Cleveland Browns decided to drop Odell Beckham Jr. from their team, the Los Angeles Rams signed the wide receiver, OBJ opted to take his entire NFL salary in Bitcoin. At the time, Bitcoin was hitting all-time highs and breaking currency records.

https://ambcrypto.com/is-usdt-exposed-to-ftx-read-what-this-tether-exec-has-to-say/

Is USDT exposed to FTX? Read what this Tether exec has to say

Members of the cryptocurrency community have been questioning prominent stablecoin companies about their engagements with FTX and FTT. Perhaps, out of worry that a repeat of the Terra scenario might transpire. Paolo Ardoino, the CTO of Tether, was recently asked about the cryptocurrency’s potential risk from FTT as well.

https://fortune.com/crypto/2022/11/10/sam-bankman-fried-sorry-ftx-needs-4-billion-fast/

‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast

Sam Bankman-Fried is on a race to secure $4 billion to save FTX, after rival Binance ditched its 11th-hour bid to buy the collapsing crypto exchange.

Bankman-Fried reportedly told investors on Wednesday evening that FTX is facing a shortfall of funds up to $8 billion and is in danger of bankruptcy if the company doesn’t receive at least $4 billion to stay solvent, according to separate reports from Bloomberg and the Financial Times. Bankman-Fried said FTX is willing to take the cash in whatever form it comes in, be it debt, equity, or a mixture of both.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #SamBankmanFried #TomBrady

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://www.thestreet.com/investing/cryptocurrency/crypto-billionaire-bankman-fried-loses-entire-fortune-in-one-day?puc=flipboard2&cm_ven=FLIPBOARD2

Crypto Billionaire Bankman-Fried Loses Entire Fortune in One Day

This day of Nov. 8, Sam Bankman-Fried will never forget it.

The young 30-year-old billionaire was just before that day considered the tutelary figure of the crypto sphere. A sort of godfather to turn to when things go wrong.

He owed this image to his tour de force during the summer to bail out and save crypto firms struggling due to a credit crunch caused by the sudden collapse of the cryptocurrencies Luna and UST or TerraUSD, two tokens issued by the Terraform Labs platform.

https://www.zdnet.com/article/department-of-justice-seized-3-billion-in-bitcoin-found-in-underground-safe-and-popcorn-tin-after-silk-road-fraud/

Department of Justice seized $3 billion in Bitcoin found in underground safe and popcorn tin after Silk Road fraud

The US Department of Justice has revealed a massive seizure of over 50,000 Bitcoin, the second biggest seizure the department has ever made.

The DoJ said that Bitcoin was seized from James Zhong who pled guilty to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 Bitcoin from the Silk Road dark web internet marketplace. Zhong pled guilty on Friday, November 4.

https://finbold.com/crypto-market-bleeds-out-100-billion-in-ftx-drama-aftermath/

Crypto market bleeds out $100 billion in FTX drama aftermath

After the developments surrounding one of the largest cryptocurrency exchanges sent shockwaves across the crypto sector, most of its participants continue to count their losses, with the market as a whole losing tens of billions of dollars.

As it happens, the carnage following the FTX drama has inflicted a grievous wound to the crypto market capitalization, bleeding it by more than $100 billion in a day, as per data retrieved by Finbold from CoinMarketCap on November 9.

https://foxsportsradio.iheart.com/featured/outkick-the-coverage-with-clay-travis/content/2022-11-09-tom-brady-could-lose-millions-in-this-latest-drama/

Tom Brady Could Lose Millions in this Latest Drama

Tampa Bay Buccaneers Tom Brady reportedly could lose millions due to his massive cryptocurrency investments, according to CoinDesk.com.

Brady and his ex-wife, Gisele Bündchen, took part in a long-term partnership with both FTX.com and FTX.US, which made Brady a brand ambassador and Bündchen an environmental and social initiatives adviser.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #SamBankmanFried #FTXBinance

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/holding-eth-at-a-loss-you-may-want-to-read-this-before-making-your-next-trade/

Holding ETH at a loss? You may want to read this before making your next trade 

Since the end of October, all categories of Ethereum [ETH] holders embarked on a buy-the-dip spree, data from Santiment revealed. According to the on-chain analytics platform, the leading altcoin witnessed a surge in coin accumulation by small, medium, and large traders since late October.

https://arstechnica.com/information-technology/2022/11/ftx-on-brink-of-collapse-after-liquidity-crunch-at-crypto-exchange/

FTX on brink of collapse after “liquidity crunch” at crypto exchange

The digital assets industry has been shaken by the near-collapse of Sam Bankman-Fried’s FTX, one of the largest crypto exchanges, which clinched a rescue deal with arch-rival Binance after a surge in customer withdrawals sparked a liquidity crisis.

Binance chief executive Changpeng “CZ” Zhao wrote on Twitter that FTX had “asked for our help,” adding: “There is a significant liquidity crunch.” Binance has signed a letter of intent to buy FTX but said it had “the discretion to pull out from the deal at any time.”

https://www.benzinga.com/markets/cryptocurrency/22/11/29597331/bitcoin-whales-in-a-frenzy-as-btc-transaction-volume-reaches-one-month-high

Bitcoin Whales In A Frenzy As BTC Transaction Volume Reaches One-Month High

The seven-day moving average of Bitcoin's transaction volume reached a one-month high of $1,678.6 million on Nov. 7, per Glassnode data.

A heightened level of on-chain activity often coincides with significant market movements, such as an inflow or outflow of capital.

https://www.wired.com/story/chinas-digital-yuan-ecny-works-just-like-cash-surveillance/

China’s Digital Yuan Works Just Like Cash—With Added Surveillance

VISA HAS LONG paid to be the sole payments processor at the Olympic Games. But at the Winter Olympics in Beijing earlier this year it had competition—from the Chinese government. Visitors could, after scanning their passports, exchange foreign bills for eCNY, a new digital currency being rolled out by the country's central bank, the People’s Bank of China. Visitors could splash their digital cash by using a card or mobile app to pay for things around the Olympic Village.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Beeple #Lebanon

 I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT. 

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://finbold.com/bitcoin-price-prediction-for-december-31-2022/

Bitcoin price prediction for December 31, 2022

Bitcoin (BTC) has regained the $21,000 level in November after weeks of consolidating around $20,000, characterized by sideways price movement. Notably, investors are exploring potential signals for the asset’s price bottom that would likely usher in a new rally.

Indeed, Bitcoincenter’s rainbow price chart is among the tools used to gauge Bitcoin’s performance by highlighting the asset’s past trends alongside insights into long-term price movement. The tool is also known as the fun chart indicating the market sentiments in colored bands.

https://ambcrypto.com/nears-conflict-with-market-bulls-proves-the-protocol-may-have-a-mind-if-its-own/

NEAR’s conflict with market bulls proves the protocol may have a mind if its own

The last month was marked by positive price corrections in the cryptocurrency market, which sent the price of alts like Dogecoin [DOGE] rallying by 100%. According to data from CoinGecko, global cryptocurrency market capitalization grew by 9% in the last 30 days.

https://www.cnbc.com/2022/11/05/-in-bankrupt-lebanon-locals-mine-bitcoin-and-buy-groceries-with-tether.html

In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents

Once known for its stable and investment-friendly banking system, Lebanon has plunged into chaos as hyperinflation grips the country and banks force huge haircuts on dollar withdrawals.

To make ends meet in a financial system that no longer makes sense, some Lebanese are mining bitcoin or storing wealth using the cryptocurrency.

The dollar-pegged stablecoin tether, which users trade for cash, is also popular.

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

Please subscribe, like, and share so that more and more people can view this content.

DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations

#Bitcoin #Cryptodip #Buythedip

I'd like to welcome everyone to my new YOUTUBE CHANNEL

Dave's Daily Crypto Take

In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.

My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.

ARTICLES used in today's video:

https://ambcrypto.com/bitcoin-the-cost-for-maintaining-this-firms-hodl-strategy-3k-btcs/

Bitcoin: The cost of maintaining this firm’s HODL strategy? 3K BTCs…

Canadian cryptocurrency mining business Bitfarms has sold more than $62 million in Bitcoin in June, using the proceeds to settle its debt. About 3,000 Bitcoins, or roughly 47% of Bitfarms’ total holdings of about 6,349 BTC, have been sold in the preceding seven days, according to a statement released on Tuesday.

According to the company, it will “rebalance its liabilities by lowering its BTC-backed credit facility with Galaxy Digital,” with the $62 million from BTC sales. As of the time of writing, Bitfarms’ debt was $38 million after using the cryptocurrency it sold in June to reduce its credit facility from $100 million to $66 million.

https://bitcoinist.com/purpose-bitcoin-etf-suffers-massive-outflows/

Canadian Purpose Bitcoin ETF Suffers Massive Outflows, But Others Are Picking Up The Slack

With the decline in bitcoin prices have come various implications for different types of investors. Retail investors with direct exposure to the market have taken heavy losses, as have the institutional investors. The most prominent of these have been in the Canadian Bitcoin ETF, Purpose, which had recorded some of the largest losses in the space.

https://www.zdnet.com/article/microsoft-ransomware-gangs-are-using-unpatched-exchange-servers-to-gain-access-so-get-updating/

Your email is a major source of security risks and it's getting worse

Malware delivered to email accounts rose 196% in 2021 year on year, according to cybersecurity firm Trend Micro, which warns that email remains a major avenue for criminals looking to deliver malware and phish account credentials.

https://fortune.com/2022/06/23/vitalik-buterin-crypto-utopia-wealth-signaling-yacht-three-arrows/

Vitalik Buterin says he wants to turn the world into a utopia where ‘rich people’s desire for wealth signaling’ doesn’t go to ‘wasteful zero sum crap’ like a superyacht

The creator of Ethereum has a unique goal for society.

“I want to make our world more like the Yudkowskian dath ilan utopia,” Vitalik Buterin tweeted on Thursday, referring to a fictional, parallel Earth called dath ilan, created by artificial intelligence researcher, safety activist, and writer Eliezer Yudkowsky. In this “utopia,” he said, “instead of rich people’s desire for wealth signaling going into wasteful zero sum crap, it goes into supporting public goods.”

https://time.com/nextadvisor/investing/cryptocurrency/should-i-buy-crypto-dip/

Should You Buy the Crypto Dip While Bitcoin and Ethereum Prices Are Down? Here’s What Experts Say

In case you didn’t know, bitcoin is on discount right now.

That’s according to two experts and a major financial institution who say bitcoin is currently undervalued at $20,000. JPMorgan Chase recently valued the coin at $38,000 — roughly 90% more than its current price.

 

https://alternative.me/crypto/fear-and-greed-index/

https://coinmarketcap.com/

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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.

Thank you very much

Dave

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