Ledger Reveals New Crypto Hardware Wallet Designed by iPod Creator Tony Fadell

Ethereum And Ripple Are Committing Securities Fraud, Michael Saylor Claims

<p>Bitcoin bull Michael Saylor notoriously doesn&#8217;t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities.</p>
<p>In reference to the <a href="https://bitcoinist.com/ripple-slams-secs-as-agency-strives-for-max-harm/" target="_blank" rel="noopener">legal battle</a> between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered security.</p>
<p>&#8220;It&#8217;s pretty obvious,&#8221; the MicroStrategy CEO said, continuing, &#8220;It&#8217;s a company. The company owns a bunch of it. They sell it to the general public, but they never took the company public. There&#8217;s no disclosures.&#8221;</p>
<h2>This Is Why Ethereum (ETH) And Ripple (XRP) Are Securities</h2>
<p>He shared the same opinion about the second largest cryptocurrency by market cap, Ethereum. According to Saylor, ETH is an unregistered security because &#8220;it&#8217;s controlled by a few people &#8211; the Ethereum Foundation and ConsenSys &#8230; Just like FTT, just like Solana.&#8221;</p>
<p>The MicroStrategy CEO went on to elaborate, laying out that pretty much all altcoins are securities, and should be subject to SEC enforcement:</p>
<blockquote><p><strong>I think the best thing for the world would be if the SEC pretty much shuts down all of it. It&#8217;s all unethical.</strong></p></blockquote>
<p>While Bitcoin is an ethical commodity, all altcoins are just equity tokens issued by a company to avoid an IPO. &#8220;And they are committing securities fraud,&#8221; Saylor touted.</p>
<p>&#8220;Especially Ethereum.&#8221; The Bitcoin bull pointed out that Ethereum has $20 billion in ETH tokens locked up in a deposit contract at the moment, and it&#8217;s currently unclear when withdrawals will be possible.</p>

<p>As Bitcoinist <a href="https://bitcoinist.com/ethereum-price-prediction-for-december-2022-where-is-eth-going-will-the-bottom-be-reached-next-month/" target="_blank" rel="noopener">reported</a>, withdrawals from the ETH 2.0 deposit contract are still not possible after the timeline pushed back several times. Currently, redemptions are scheduled for the Shanghai update, which will be the next major update after the merge. The fork is currently slated for March 2023.</p>
<p>In reference to this, Saylor criticized the fact that there is a small group of people who decide if and when redemptions from the deposit contract will be allowed.</p>
<blockquote><p><strong>Now, isn&#8217;t that the definition of an investment contract? If a bank took $20 billion of your assets, froze the window and said &#8216;You can&#8217;t have your money back, ever, maybe in the year 2024. We are not sure.[&#8230;] We may give you interest on it.&#8217; That&#8217;s the definition of a security.</strong></p></blockquote>
<p>The MicroStrategy CEO generalized that you can&#8217;t rely on a few engineers, a company, or a CEO if a crypto asset is supposed to be a commodity. He concluded:</p>
<blockquote><p><strong>It&#8217;s an investment of money in a common enterprise, relying on the efforts of others in an expectation of profits. If a person can make a decision, it&#8217;s not a commodity.</strong></p></blockquote>
<p>Ripple is attempting to dispute the application of that very definition to XRP in its litigation with the SEC. The fair notice warning as well as the common enterprise argument are among the most promising arguments for Ripple to win.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">“They’re are committing securities fraud… especially Ethereum.”<a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@saylor</a> gives his thoughts on Ethereum and Rippe <a href="https://t.co/STsuLX5FQh" target="_blank">pic.twitter.com/STsuLX5FQh</a></p>
<p>&mdash; PBD Podcast (@PBDsPodcast) <a href="https://twitter.com/PBDsPodcast/status/1600213856416333825?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 6, 2022</a></p></blockquote>
<p></p>
<h2>CFTC And SEC Hint At Tight Regulation</h2>
<p>Remarkably, Saylor just recently shared a Fortune <a href="https://bitcoinist.com/cftc-chair-only-bitcoin-is-a-commodity-not-ethereum/">report</a> on the Commodity Futures Trading Commission&#8217;s assessment. At an event, Chairman Rostin Behnam stated that the only cryptocurrency that should be considered a commodity is Bitcoin.</p>

<p>In doing so, the Behnam-led agency completely backtracked from previous assessments in which the agency referred to ETH as a commodity. Just one month earlier, Behnam gave a speech for the Rutgers Center for Corporate Law and Governance and took the opposite stance.</p>
<p>Michael Saylor&#8217;s opinion is also consistent with recent <a href="https://bitcoinist.com/sec-chair-grilled-during-senate-crypto-inquiry/" target="_blank" rel="noopener">comments</a> by Gary Gensler. The SEC Chairman suggested that Ethereum&#8217;s proof of stake could lead to the token being considered a security.</p>
<p>At press time, the ETH price saw a drawdown of 3.5%, falling to $1,226.</p>
<img class="size-full wp-image-207879" src="https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2.png" alt="Ethereum ETH USD 2022-12-07" width="2960" height="1615" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2.png 2960w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-640x349.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-980x535.png 980w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-768x419.png 768w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-1536x838.png 1536w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-2048x1117.png 2048w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-750x409.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSD_2022-12-07_08-57-17-2-1140x622.png 1140w" sizes="(max-width: 2960px) 100vw, 2960px" /><figcaption id="caption-attachment-207879" class="wp-caption-text">ETH price falling underneath crucial support, 4-hour chart. Source: <a href="https://www.tradingview.com/chart/uD28avrX/" target="_blank" rel="noopener">TradingView</a></figcaption>


Death In Crypto: People Want To Know Why 3 Top Crypto Execs Died Just Weeks Apart

<p>Three of the most prominent figures in the cryptocurrency industry have all inexplicably died in recent weeks.</p>
<p>News of the unbelievable and surprising demise has caused a frenzy on social media in the form of conspiracy theories and calls for explanations.</p>
<p>Nikolai Mushegian, age 29, Tiantian Kullander, 30, and Vyacheslav Taran, age 53, were three outstanding crypto luminaries who passed away within a matter of weeks of each other, as reported by <a href="https://www.kcentv.com/article/news/local/the-internet-reacts-three-faces-in-cryptocurrency-is-it-conspiracy/500-7f3e455e-e409-49c4-a914-911a147d95ec" target="_blank" rel="noopener">KCEN TV.</a></p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">I find it strange these crypto currency leaders all being found dead back to back</p>
<p>— Lando Hossa (@YG_Lando) <a href="https://twitter.com/YG_Lando/status/1599912374139375616?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 5, 2022</a></p></blockquote>
<p></p>
<h2><strong>Death In Crypto: Vyacheslav Taran</strong></h2>
<p>Vyacheslav Taran, a Russian entrepreneur, recently died in a strange helicopter crash near Monaco, making his death the most recent of a string of disasters that have remained unexplained.</p>
<p>There have been three sudden deaths of cryptocurrency entrepreneurs recently, and Taran is the third.</p>
<p><img loading="lazy" class="size-medium wp-image-207861 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/C1-9-640x318.png" alt="" width="640" height="318" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/C1-9-640x318.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/C1-9-360x180.png 360w, https://bitcoinist.com/wp-content/uploads/2022/12/C1-9.png 711w" sizes="(max-width: 640px) 100vw, 640px" /></p>
Vyacheslav Taran pictured with his wife Olga Taran in 2020. Image: Image: Daily Mail.
<p>After taking off from Lausanne in Switzerland, the helicopter crashed in the tourist town of Villefranche-sur-Mer, killing Taran, 53.</p>
<p>Taran, is the co-founder of trading and investment platform Libertex and Forex Club, which experienced both success and turmoil. Investor fraud allegations surfaced against Forex Club in 2018.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Three global crypto leaders dead in 30days.
1. Mushegian, 29, drowns after tweeting the CIA &amp; Mossad was trying kill him. Family says he was mentally ill.
2. Kullander, 30, in his sleep.
3. Taran, 53, chopper crash.
Getting weird. <a href="https://twitter.com/hashtag/FreshResists?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FreshResists</a>
<a href="https://t.co/azfIHIebYw" target="_blank">https://t.co/azfIHIebYw</a></p>
<p>— Feisty &amp; Fierce (@LMerritt1) <a href="https://twitter.com/LMerritt1/status/1597671894483816449?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 29, 2022</a></p></blockquote>
<p></p>
<p>Social media users speculated that the death of Taran was not just a coincidence, despite the fact that his career success was tainted by a financial controversy.</p>
<p>The Ukrainian news agency UNIAN reportedly stated, without providing any evidence, that Taran was a &#8220;billionaire crypto businessman with potential ties to the Russian Foreign Intelligence Service,&#8221; as reported by <a href="https://www.dailymail.co.uk/news/article-11480711/Russian-billionaire-53-killed-helicopter-crash-near-Monaco-latest-crypto-mystery-death.html" target="_blank" rel="noopener">The Daily Mail</a>.</p>
<h2><strong>Tiantian Kullander</strong></h2>
<p><a href="https://www.scmp.com/magazines/style/tech-design/article/3201390/who-was-tiantian-kullander-hong-kongs-crypto-king-amber-group-co-founders-shocking-death-age-30-has" target="_blank" rel="noopener">Tiantian Kullander</a>, 30 years old, co-founded Amber Group, a digital currency trading platform recently valued at $3 billion. The company said that Kullander had died &#8220;unexpectedly in his sleep&#8221; on November 23.</p>
<p>After starting Amber in 2017 with a group of finance insiders, including former Goldman Sachs Group Inc and Morgan Stanley employees, he played a crucial part in the company&#8217;s rapid rise, which included the funding of additional $100 million.</p>
<p><img loading="lazy" class="size-medium wp-image-207863 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/c2-1-640x360.png" alt="" width="640" height="360" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/c2-1-640x360.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-1-980x552.png 980w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-1-768x433.png 768w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-1-750x422.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-1.png 1122w" sizes="(max-width: 640px) 100vw, 640px" /></p>
<strong>Tiantian Kullander. Image: Hiptoro</strong>
<p>Kullander &#8220;co-founded Amber and built it into a multi-billion fintech unicorn,&#8221; as it was described. And he also served on the board of directors for the e-sports company Fnatic.</p>
<p>Only that Kullander died in his sleep could be confirmed; no other information was supplied.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">How 3-4 Crypto leaders/founders “suddenly”die within a month of each other. We don’t need NCIS to see what’s going on here</p>
<p>— Ev (@EvGawd) <a href="https://twitter.com/EvGawd/status/1599893318095495168?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 5, 2022</a></p></blockquote>
<p></p>
<strong>Nikolai Mushegian</strong>
<p><a href="https://nypost.com/2022/11/09/drowning-death-of-crypto-visionary-fuels-conspiracy-theories/" target="_blank" rel="noopener">Nikolai Mushegian</a>, co-ounder of MakerDAO, a cryptocurrency lending platform, was reportedly found dead in a Puerto Rican lake just hours after tweeting that he suspected U.S. and Israeli intelligence agencies of plotting to &#8220;kill&#8221; him.</p>
<p>His family does not suspect foul play, as the young millionaire had a history of mental health issues.</p>
<p><img loading="lazy" class="size-medium wp-image-207864 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/c2-2-559x420.png" alt="" width="559" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/c2-2-559x420.png 559w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-2-879x660.png 879w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-2-768x577.png 768w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-2-750x563.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/c2-2.png 963w" sizes="(max-width: 559px) 100vw, 559px" /></p>
<strong>Nikolai Mushegian. Image: The Chainsaw.</strong>
<p>However, some of his friends and colleagues have bought into the unsubstantiated rumors that his death was suspicious.</p>
<p>The news of Mushegian&#8217;s death, combined with his final tweet and other gloomy posts about fighting &#8220;evil people&#8221;  has fomented conspiracy theories on the internet and in the small but closely knit Puerto Rican cryptocurrency community.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death.</p>
<p>— <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@delete_shitcoin) <a href="https://twitter.com/delete_shitcoin/status/1585918718088970241?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">October 28, 2022</a></p></blockquote>
<p></p>
<p>Many people are still puzzled and questioning what all of this implies for the crypto industry, which is notoriously unstable, even though some people have moved on with the rush and flutter of the Yuletide season.</p>

<p><img loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/LVkaHydY/" width="2047" height="979" /></p>
Crypto total market cap at $794 billion on the daily chart | Featured image: VSU Spectator, Chart: <a href="https://www.tradingview.com/chart/ajrdy9Lf/" target="_blank" rel="noopener">TradingView.com</a>


Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’

Dogecoin Social Numbers Jump As Elon Musk’s Twitter Unbans Suspended Accounts

<p>Dogecoin (DOGE), despite losing a little over 2% of its value over the last seven days, continues to hold its position among the top 10 cryptocurrencies in terms of market capitalization.</p>
<p>At the time of this writing, the crypto, trading at $0.1002 according to tracking from <a href="https://www.coingecko.com/en/coins/dogecoin" target="_blank" rel="noopener">Coingecko</a>, is sitting on a bi-weekly gain of 27%, pushing its overall valuation to $13.77 billion to rank 8th in that particular department.</p>
<p>Between December 4 and 5, the meme altcoin registered a 2.7% uptick in its price while its trading volume, which at one point stood at $913.01 million during the fifth day of the month, went up by an impressive 10.96%.</p>
<p>Interestingly, Dogecoin is enjoying a <a href="https://ambcrypto.com/dogecoin-assessing-the-spike-in-these-doge-metrics-amid-musks-latest-move/" target="_blank" rel="noopener">spike in terms of social dominance</a> as Elon Musk, the new CEO Twitter and self-proclaimed “The Dogefather,” once again made a move that concerns the dog-themed asset.</p>

<h2><img loading="lazy" class="size-medium wp-image-207854 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/C1-8-640x367.png" alt="" width="640" height="367" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/C1-8-640x367.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/C1-8-750x430.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/C1-8.png 759w" sizes="(max-width: 640px) 100vw, 640px" /></h2>
<h2><b>Social Media Juggernaut Lifts Ban On Dogecoin-Related Accounts </b></h2>
<p>It was not that long ago when the social media giant intensified its campaign to flush bots out of its platform to improve user experience.</p>
<p>Among those affected by this were accounts which, according DOGE’s creator Billy Markus, did nothing except to “tweet” or share memes related to the asset.</p>
<p>Markus, on December 5, <a href="https://twitter.com/elonmusk/status/1599593922161885184?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1599593922161885184%7Ctwgr%5Eb51cc30d45dcaaa994c571de3d9a620a6300f368%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fambcrypto.com%2Fdogecoin-assessing-the-sp" target="_blank" rel="noopener">shared a post</a> that tagged Elon Musk and a number of Twitter accounts that pertained to the cryptocurrency and seemingly seeking answers why they were suspended (banned).</p>
<p>The new owner of the platform responded briefly, saying “Looking into it,” with the <a href="https://twitter.com/BillyM2k/status/1599590476751208449?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1599593922161885184%7Ctwgr%5Eb51cc30d45dcaaa994c571de3d9a620a6300f368%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fambcrypto.com%2Fdogecoin-assessing-the-sp" target="_blank" rel="noopener">exchange between</a> the two personalities gaining more than 27,000 heart-reacts and over 1,600 replies. Later on, Musk said Twitter might have been a bit too intense with its move to suspend the said accounts.</p>
<p>Following this development, Dogecoin responded positively as its social dominance numbers registered an uptick, from almost 3% on December 4 to 4.463% at the time of this writing.</p>
<p>This meant that following the move of the The Dogefather to undo the banning of several DOGE-favoring accounts on his social media platform, consistent and active discussions followed.</p>
<h2><b>Will Dogecoin Be Used As Payment For Twitter?</b></h2>
<p>Back in April, Musk &#8211; who is also the CEO of Tesla &#8211; pitched the idea of having DOGE be accepted as a means of <a href="https://www.outlookindia.com/business/elon-musk-pitches-for-dogecoin-as-payment-option-on-twitter-blue-doge-shiba-inu-fall-8--news-191169" target="_blank" rel="noopener">payment for a Twitter Blue subscription</a>.</p>
<p>When the purchase of the social media platform was completed a couple of months ago, many investors and holders of the cryptocurrency waited in full anticipation for Musk to finally turn his idea into a reality.</p>
<p>However, the billionaire hasn’t made any official word about it and although the idea resurfaced again today because of the “mass unbanning of accounts” done by Twitter, the crypto community remains speculative on whether or not the meme crypto will be integrated by the social media giant as a viable payment option for its services.</p>
<p>Meanwhile, Dogecoin seems to have ignored this significant update as it failed to initiate any kind of rally to increase its current trading price.</p>

<p><img loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/x8torWWt/" width="2047" height="979" /></p>
DOGE total market cap at $13.3 billion on the daily chart | Featured image: HubSpot Blog, Chart: <a href="https://www.tradingview.com/chart/ajrdy9Lf/" target="_blank" rel="noopener">TradingView.com</a>


Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell

Despite Strong On-Chain Metrics, Macro Headwinds Remain

Bitcoin has seen major capitulation from all-time highs and on-chain indicators suggest the worst may be behind us, but significant macro challenges remain.

Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready

Bitcoin Is A Humanistic Alternative To Technological Salvation

Bitcoin will shape the future of humanity in the wake of the 2008 financial crisis and the COVID-19 pandemic.

Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’

GensoKishi Official Release | LAND Sales Coming in December

Macro Guru Raoul Pal Predicts Stocks And Crypto Sector Will Soar Again

<p>A prolonged slump in the prices of assets characterizes the crypto market in 2022. The combination of local and macroeconomic factors has impacted the price of these assets.</p>
<p>The stock market has also experienced the same bearish trend, with popular stock Nasdaq 1oo declining by nearly 33% in September 2022. The S&amp;P 500 also lost 8% of its value in the same month.</p>
<p>Bitcoin and most cryptocurrencies are correlated to stock prices, although there has been a decoupling over the months.</p>

<p>The U.S. Federal Reserve also increased rates before considering a softer position due to widespread outcry from the general population. However, Raoul Pal stated that these rates could not keep these assets down forever, and cryptocurrencies and stocks would make a recovery.</p>
<h2>Raoul Pal Bullish On Crypto</h2>
<p>Raoul Pal &#8211; a former executive of Goldman Sachs, believes that risk-on assets such as crypto and equities are set for a bullish run. He believes that this will eventually happen as the macroeconomic climate becomes better.</p>
<p>Pal stated that the money supply in the world&#8217;s financial systems mainly controls BTC. He firmly believes that Bitcoin will lead the <a href="https://www.getrevue.co/profile/raoulgmi/issues/when-liquidity-changes-everything-changes-1479317" target="_blank" rel="noopener">revival</a> of other crypto assets.</p>
<img loading="lazy" class="wp-image-207848 size-large" src="https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27-980x569.png" alt="Macro Guru Raoul Pal Predicts Stocks And Crypto Sector Will Soar Again" width="980" height="569" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27-980x569.png 980w, https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27-640x372.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27-768x446.png 768w, https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27-750x435.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/BTCUSDT_2022-12-07_02-55-27.png 1116w" sizes="(max-width: 980px) 100vw, 980px" /><figcaption id="caption-attachment-207848" class="wp-caption-text">Bitcoin to reclaim the $17,000 price mark l <a href="https://www.tradingview.com/symbols/BTCUSDT/" target="_blank" rel="noopener">BTCUSDT on Tradingview.com</a></figcaption>
<p>Most investors are interested in high-interest rates and the chances of them increasing in the future. Pal took this in stride, downplaying the importance of the rates as &#8220;not big an issue as people believe.&#8221;</p>
<p>According to him, high-risk assets like stocks and crypto will still gain even with an increase in interest rates by the Federal Reserve.</p>
<h2>Higher Rates Are Quite Deceptive</h2>
<p>Pal believes that higher rates are a red herring. In his words: &#8220;Many will disagree, but, in my view, it is a false narrative.&#8221; He went on to state that since these rates posed no issues for tech or the broader market, it was insignificant even if there was a 3% increase.</p>
<p>He firmly believes that the frequency of rate change matters and not the level of the rates. He does not think that the rates will keep down the price of stocks and cryptocurrencies indefinitely.</p>

<p>Pal also stated that technology adoption is too fast to be affected by issues like capital cost. He cited Google overleaf, which yields average annual returns of around 30% without debts. With such healthy returns, Google will not care if the rates change from 1.5%, according to Pal.</p>
<p><img loading="lazy" class="size-medium wp-image-207841 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/Screenshot-2022-12-07-024438-640x400.png" alt="Macro Guru Raoul Pal Predicts Stocks And Crypto Sector Will Soar Again" width="640" height="400" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/Screenshot-2022-12-07-024438-640x400.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/Screenshot-2022-12-07-024438.png 717w" sizes="(max-width: 640px) 100vw, 640px" /></p>
<p>Despite catastrophic events in the crypto world, many assets have shown durability, with bitcoin still retaining its number-one spot in the digital asset market. In addition, Bitcoin and other cryptocurrencies have shown signs of life as the market starts its journey to recovery.</p>
Featured Image From Pixabay, Charts From Tradingview.com


Court in China Recognizes NFTs as Virtual Property Protected by Law

Synthetix token soars 6%, but watch for bear repulse at the descending trendline

<ul>
<li dir="ltr">
<p dir="ltr">Synthetix token extended weekly gains on Tuesday by adding another 6%</p>
</li>
<li dir="ltr">
<p dir="ltr">The token trades below a descending trendline</p>
</li>
<li dir="ltr">
<p dir="ltr">Bears may attempt to force a correction if buyers weaken at $2.0</p>
</li>
</ul>
<p dir="ltr"><a href="https://coinjournal.net/synthetix/" rel="noopener noreferrer" target="_blank"><u>Synthetix token price</u></a> (SNX/USD) initiated an accelerated recovery on Tuesday, jumping by an intraday of 6%. The token&rsquo;s value has now increased by double digits in the past week. The recovery happens from the November lows of $1.57. The cryptocurrency was trading at $1.91 as of press time. Is it too early to make a bull call?</p>
<p dir="ltr">Fundamentally, SNX is earning bullish momentum from a slightly improved crypto sentiment. Most&nbsp;<a href="https://coinjournal.net/cryptocurrencies/" rel="noopener noreferrer" target="_blank"><u>cryptocurrencies</u></a> traded in the green in the past week despite falling slightly in the last 24 hours. The recoveries in SNX, however, face a snag as the cryptocurrency heads for resistance at the descending trendline.</p>
<h2 dir="ltr"><strong>SNX meets resistance at the descending trendline</strong></h2>
<p dir="ltr"><img loading="lazy" src="https://media.igms.io/2022/11/06/1670365555150-5e41f0e5-0fd8-4c3c-aa75-8c4ff49ca2e3.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="319"></p>
<p dir="ltr"><a href="https://www.tradingview.com/symbols/SNXUSD/" rel="noopener noreferrer" target="_blank"><u>SNX/USD Chart by TradingView</u></a></p>
<p dir="ltr">Technical indicators are bullish for SNX. The MACD indicator initiated a bullish crossover, despite remaining in the bear zone. The RSI shows improving momentum, and the reading has moved above the 50 midpoint level. That suggests a high demand for SNX.</p>
<p dir="ltr">SNX buyers now face a test at the descending trendline. That should coincide with a price of $2, implying that bulls could remain in control for at least one or two days.</p>
<h2 dir="ltr"><strong>SNX concluding thoughts</strong></h2>
<p dir="ltr">Although SNX buyers could remain in control, for now, bulls must overcome bears at the descending trendline. The price is already facing a correction as it approaches the crucial dynamic resistance level.&nbsp;</p>
<p dir="ltr">If bulls recover above the crucial zone, $2.7 is the next potential resistance for SNX. Conversely, a rejection at the descending trendline could pit SNX back to the $1.5 bottom.</p>
<h2 dir="ltr"><strong>Where to buy SNX</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5NzE&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SNX with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5NzE&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SNX with Bitstamp today            </a>
    </p>

<p>The post <a rel="nofollow" href="https://coinjournal.net/news/synthetix-token-soars-6-but-watch-for-bear-repulse-at-the-descending-trendline/">Synthetix token soars 6%, but watch for bear repulse at the descending trendline</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.</p>


Is there hope for Theta token as the year comes to an end?

<ul>
<li dir="ltr">
<p dir="ltr">Theta token has lost 94% of its value from its ATH</p>
</li>
<li dir="ltr">
<p dir="ltr">The cryptocurrency was rejected at the $1 resistance and is correcting</p>
</li>
<li dir="ltr">
<p dir="ltr">THETA could end the year below $1 if a breakout does not occur at the crucial resistance</p>
</li>
</ul>
<p dir="ltr">All&nbsp;<a href="https://coinjournal.net/cryptocurrencies/" rel="noopener noreferrer" target="_blank"><u>cryptocurrencies</u></a> are in tatters, at least for now. However, some tokens have been the worst hit as the crypto winter ravages. Theta Network token (THETA/USD) can be considered extremely bearish this year. A loss of more than 94% from its all-time high tells of a token that was once booming. THETA now trades below $1. But is there a chance to recover before this year ends?</p>
<p dir="ltr">One can only accurately predict THETA&rsquo;s price action by looking at the general crypto sentiment. As of press time, cryptocurrencies remained mixed. Leading tokens Bitcoin and Ethereum had lost an intraday of 1.44% and 2.50%, respectively. Both cryptocurrencies have made some gains over the past one week. Conversely, THETA was down by an intraday of 1.06%. However, the bear market is still strong owing to the token&rsquo;s depressed prices. Looking at the longer-term outlook, THETA is still bearish.</p>
<p dir="ltr">THETA back to $1? That could be the realistic bet we can make now for the token. The cryptocurrency tested the level in late November, and buyers may not be done with it yet. A recovery above $1 could ignite a bullish interest for THETA. It is still too early to conclude since the upside looks weak for the token.</p>
<h2 dir="ltr"><strong>THETA outlook as price remains subdued by the $1 resistance</strong></h2>
<p dir="ltr"><img loading="lazy" src="https://media.igms.io/2022/11/06/1670364831053-6204fd1f-2b9a-4367-ba51-5139efc56094.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="319"></p>
<p dir="ltr"><a href="https://www.tradingview.com/symbols/THETAUSD/" rel="noopener noreferrer" target="_blank"><u>THETA/USD Chart by TradingView</u></a></p>
<p dir="ltr">The technical outlook is bearish for THETA. The price tested the $1 resistance and is pushing lower. If buyers overcome a drop below $0.8, THETA could end the year at $1. The RSI is, however, below the midpoint, indicating that sellers remain in charge.</p>
<h2 dir="ltr"><strong>Should we consider a bullish bias?</strong></h2>
<p dir="ltr">Not yet! The token is extremely bearish. If considering&nbsp;<a href="https://coinjournal.net/theta/buy/" rel="noopener noreferrer" target="_blank"><u>buying THETA</u></a> in the short term, at least do so after the price recovers above $1. Lasting recoveries will depend on the crypto sentiment.</p>
<h2 dir="ltr"><strong>Where to buy THETA</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5Njk&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy THETA with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Binance</h3>

    <p>Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
</p>

<p>
    <a href="/visit/binance-crypto?guid=OTU5Njk&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy THETA with Binance today            </a>
    </p>

<p>The post <a rel="nofollow" href="https://coinjournal.net/news/is-there-hope-for-theta-token-as-the-year-comes-to-an-end/">Is there hope for Theta token as the year comes to an end?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.</p>


Algorand price fails to take off amid World Cup exploits. What next?

<ul>
<li dir="ltr">
<p dir="ltr">Algorand is bearish despite World Cup sponsorship</p>
</li>
<li dir="ltr">
<p dir="ltr">The token has crashed due to a bear market</p>
</li>
<li dir="ltr">
<p dir="ltr">ALGO may face further weakness unless bulls recover above $0.28</p>
</li>
</ul>
<p dir="ltr">Algorand (ALGO/USD) was a cryptocurrency expected to shine as the FIFA World Cup kicked off last month. As the official blockchain sponsor of this year&rsquo;s sporting event, the native token was expected to perform. Already, FIFA created its own NFT platform in September on the Algorand platform. That made it possible for football fans to buy World Cup-themed NFTs powered by Algorand. But as the event enters the best 8,&nbsp;<a href="https://coinjournal.net/algorand/" rel="noopener noreferrer" target="_blank"><u>ALGO price</u></a> remains bearish. Why is this so?</p>
<p dir="ltr">The price action of ALGO is not something new in the crypto world. Tokens of blockchains such as Cardano and Ethereum have failed to take off after major platform upgrades. Consequently, cryptocurrencies tend to make a move after the initial announcement, underlining speculation as the cause of price spikes. ALGO became bullish in May when the sponsorship news came up and has since succumbed to the bear market.</p>
<p dir="ltr">It is certain that Algorand&rsquo;s partnership with FIFA builds use cases for the platform. For ALGO, investors may have to wait longer for the price of the native token to become bullish. That can&rsquo;t happen in a bearish market that has swept across all markets. But when can ALGO become bullish?</p>
<h2 dir="ltr"><strong>ALGO analysis and price outlook as the bear market continues</strong></h2>
<p dir="ltr"><img loading="lazy" src="https://media.igms.io/2022/11/06/1670364418705-2e55c60e-78bd-4096-8f69-0a57f761ebb9.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="324"><a href="https://www.tradingview.com/symbols/ALGOUSD/" rel="noopener noreferrer" target="_blank"><u>ALGO/USD Chart by TradingView</u></a></p>
<p dir="ltr">From the technical outlook, ALGO is bearish. Although the cryptocurrency has found stability at $0.23, it remains extremely bearish. The RSI remains below the midpoint but above the oversold zone. There is room for the cryptocurrency to fall lower.</p>
<h2 dir="ltr"><strong>When will ALGO recover?</strong></h2>
<p dir="ltr">A sustainable bullish momentum is possible if the general crypto sentiment improves.&nbsp;<a href="https://coinjournal.net/cryptocurrencies/" rel="noopener noreferrer" target="_blank"><u>Cryptocurrencies</u></a> are reeling from the bear market, and ALGO is no exception.</p>
<p dir="ltr">In the meantime, ALGO bulls must recapture $0.28 to consider short-term price appreciation possible. That is the crucial level that supported the token before the FTX-inspired crash last month.</p>
<h2 dir="ltr"><strong>Where to buy ALGO</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5Njg&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy ALGO with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5Njg&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy ALGO with Bitstamp today            </a>
    </p>

<p>The post <a rel="nofollow" href="https://coinjournal.net/news/algorand-price-fails-to-take-off-amid-world-cup-exploits-what-next/">Algorand price fails to take off amid World Cup exploits. What next?</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.</p>


Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices

End of Crypto Winter Is Near, ETH To Thrive Most, Says Bloomberg Analyst

<p>The crypto market crash has kept many investors and experts in a skeptical state of mind. This resulted from liquidity crashes and inflation that became more pressurizing in 2022. As a result, several digital tokens, including BTC and ETH, have consistently seen price drops from their all-time highs.</p>
<p>Investors who ventured into the crypto ecosystem in late 2021 are presently underwater, considering the massive price crash. In the meantime, they can only hope things get better sooner than later.</p>

<h2>End of Crypto Crisis Draws Near</h2>
<p>Meanwhile, certain crypto analysts are revealing their notions on the probable outcome of the crypto market shortly. A good example here is Mike McGlone, a Commodity Strategist at Bloomberg.</p>
<p>He stated that while the market reversal might take some time, the worst state of the crash draws near. From his analysis, Ethereum will lead in the next bull run of the crypto market. He tied his reasons to the fact that ETH has rigid rudiments concerning smart contracts.</p>
<p>In the <a href="https://www.youtube.com/watch?v=O8Cfe0KaODk" target="_blank" rel="noopener">Stansberry Research interview</a>, McGlone cited that Ethereum still has a bright side for investors to consider. That is, the token&#8217;s current value compared to its value three years back.</p>
<p><img loading="lazy" class="size-medium wp-image-207730 aligncenter" src="https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-630x420.jpg" alt="End of Crypto Winter Is Near, ETH To Thrive Most, Says Bloomberg Analyst" width="630" height="420" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-630x420.jpg 630w, https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-980x653.jpg 980w, https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-768x512.jpg 768w, https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-750x500.jpg 750w, https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280-1140x760.jpg 1140w, https://bitcoinist.com/wp-content/uploads/2022/12/ethereum-g7d44926ee_1280.jpg 1280w" sizes="(max-width: 630px) 100vw, 630px" /></p>
<p>He revealed that Ethereum currently trades at a price 12 times higher than what it was in 2019. Moreover, the present price level of the token is somewhat close to a strong support level.</p>
<p>However, he added so many digital tokens don&#8217;t project such hope to investors. He also visions the token as having high demand and a reduced supply on the crypto market.</p>
<h2>McGlone&#8217;s Thoughts On ETH Market</h2>
<p>According to McGlone, crypto investors and companies will recover from this dilemma in no distant time. They can still be positive regardless of the Fed chairperson&#8217;s intentions for further tightening. Although such decisions will negatively impact the market, keeping a positive mindset is better.</p>

<p>He encourages digital currency investors and companies to watch Ethereum&#8217;s price. Currently, Ethereum trades at $1,269. However, before the breakout of the global pandemic, toward the close of 2019, ETH was trading at approximately $100.</p>
<img loading="lazy" class="wp-image-207729 size-large" src="https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35-980x569.png" alt="End of Crypto Winter Is Near, ETH To Thrive Most, Says Bloomberg Analyst" width="980" height="569" srcset="https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35-980x569.png 980w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35-640x372.png 640w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35-768x446.png 768w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35-750x435.png 750w, https://bitcoinist.com/wp-content/uploads/2022/12/ETHUSDT_2022-12-06_17-25-35.png 1116w" sizes="(max-width: 980px) 100vw, 980px" /><figcaption id="caption-attachment-207729" class="wp-caption-text">Ethereum price trades sideways l <a href="https://www.tradingview.com/symbols/ETHUSDT/" target="_blank" rel="noopener">ETHUSDT on Tradingview.com</a></figcaption>
<p>Also, a strong support level holds around the $1,000 price. McGlone believes the price may drop slightly below this level. Nevertheless, he expects a significant surge in the token price shortly after that.</p>
<p>Furthermore, investors can cling to the fact that Bitcoin and Ethereum have definite supplies. This fact keeps the tokens in high demand and growing adoption, which can open up many positive possibilities.</p>
<p>As per the case of commodities, crypto companies and investors can only hope for a helpful change, McGlone concluded.</p>
Featured Image From Pixabay, Charts From Tradingview.com


XRP faces a potential collapse back to $0.30. Here is the price action

<ul>
<li dir="ltr">
<p dir="ltr">XRP has been trading on a short-term uptrend</p>
</li>
<li dir="ltr">
<p dir="ltr">The cryptocurrency is facing pressure at the $0.40 resistance</p>
</li>
<li dir="ltr">
<p dir="ltr">Watch for the daily candlestick close for confirmation of a bearish move</p>
</li>
</ul>
<p dir="ltr"><a href="https://coinjournal.net/ripple/what-is-ripple/" rel="noopener noreferrer" target="_blank"><u>Ripple</u></a> (XRP/USD) looked poised for a breakout at $0.40. The cryptocurrency has been trading on a short-term ascending channel, giving hopes that a breakout was on the horizon. Investors have remained hopeful as Ripple&rsquo;s case with the SEC enters the final stages. With little&nbsp;<a href="https://coinjournal.net/news/" rel="noopener noreferrer" target="_blank"><u>cryptocurrency news</u></a> coming up to reassure XRP buyers, the token is developing weaknesses.</p>
<p dir="ltr">Trading at $0.38 as of press time, XRP had slightly broken below the ascending trendline. The daily candlestick needs to close below the trendline to confirm a bearish momentum that could take XRP back to $0.30. Longtime CNBC host JIM Cramer has, however, commented negatively about XRP.</p>
<p dir="ltr">According to Cramer, most cryptocurrencies are still overvalued. Any bullish enthusiast may discredit the views, given that most tokens are trading sharply low from their all-time highs. However, back in June, Cramer predicted further declines in crypto prices amid calls for sustained gains. The CNBC host claims that XRP, Dogecoin, and Cardano could crash to zero.</p>
<p dir="ltr">While comments by Cramer could be a bit harsh, it is also true that crypto markets are yet to become bullish. XRP has been relying on speculations of case settlement. The lack of a positive catalyst has thus been posing a recovery challenge.</p>
<h2 dir="ltr"><strong>XRP attempts to break below the ascending trendline</strong></h2>
<p dir="ltr"><img loading="lazy" src="https://media.igms.io/2022/11/06/1670352885434-a05072c7-67d0-420d-8cd7-9090384b32ac.png" style="width: 600px" class="fr-fic fr-dib" width="600" height="321"></p>
<p dir="ltr"><a href="https://www.tradingview.com/symbols/XRPUSD/" rel="noopener noreferrer" target="_blank"><u>XRP/USD Chart by TradingView</u></a></p>
<p dir="ltr">From the daily chart outlook, XRP stalled as it hit $0.4. weakness is now developing, with the MACD indicator showing a slowing momentum. Similarly, the RSI has shifted below the midpoint, likely suggesting buyer exhaustion.</p>
<h2 dir="ltr"><strong>What next for XRP?</strong></h2>
<p dir="ltr">If&nbsp;<a href="https://coinjournal.net/ripple/#:~:text=What%20is%20XRP%20price%20today,in%20the%20last%2024%20hours." rel="noopener noreferrer" target="_blank"><u>XRP price</u></a> confirms a break below the short-term descending trendline, the bear pressure will heighten. Bears will want to revisit the support at $0.30 unless positive developments in the SEC case pop up.</p>
<p dir="ltr">On the flip side, bulls may attempt to force bears at the resistance, forcing a candlestick close above the trendline. That could prolong consolidation at the resistance for a potential breakout.</p>
<h2 dir="ltr"><strong>Where to buy XRP</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5NjQ&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy XRP with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5NjQ&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy XRP with Bitstamp today            </a>
    </p>

<p>The post <a rel="nofollow" href="https://coinjournal.net/news/xrp-faces-a-potential-collapse-back-to-0-30-here-is-the-price-action/">XRP faces a potential collapse back to $0.30. Here is the price action</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.</p>


Best 3 ERC20 tokens to buy in 2023

<p dir="ltr">Ever heard of&nbsp;<a href="https://coinjournal.net/glossary/erc-20/" rel="noopener noreferrer" target="_blank"><u>ERC20 tokens</u></a>? These are virtual assets with a residency on the Ethereum blockchain. In other words, they run on Ethereum. ERC20 simply denotes the standard used to create and issue smart contracts on the Ethereum blockchain. Users can create the ERC20 tokens via smart contracts on the network. Currently, there are over 450,000 ERC20 contract tokens.</p>
<p dir="ltr">With numerous tokens made under the ERC20 standard, it is possible to get confused about which coins to buy when the market turns up. We believe these three tokens make a cut as the best among which you should consider:</p>
<h2 dir="ltr"><strong>Chainlink (LINK)</strong></h2>
<p dir="ltr">Chainlink (LINK/USD) is one of the best ERC20 tokens around. Analysts have lauded the platform&rsquo;s decentralised network of nodes as its main differentiator. The nodes provide off-blockchain data and information to on-chain smart contracts through oracles.&nbsp;</p>
<p dir="ltr">Chainlink has attracted attention lately on its expected staking feature. The chainlink team will release the beta version of Chainlink Staking on December 6, 2020, at 12 PM ET. The beta will go live on the Ethereum mainnet.</p>
<p dir="ltr"><a href="https://coinjournal.net/chainlink/" rel="noopener noreferrer" target="_blank"><u>LINK price</u></a> has held between $6 and $8 for a while, meaning we could potentially be staring at a market bottom. Meanwhile, whales holding the native token are increasing ahead of the staking service.</p>
<h2 dir="ltr"><strong>Where to buy LINK</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy LINK with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy LINK with Bitstamp today            </a>
    </p>
<h2 dir="ltr"><strong>The Sandbox (SAND)</strong></h2>
<p dir="ltr">Yes, the token of the&nbsp;<a href="https://coinjournal.net/news/top-11-metaverse-crypto-that-will-make-you-a-fortune-in-2023/" rel="noopener noreferrer" target="_blank"><u>metaverse</u></a> platform, The Sandbox, is a top ERC20 token choice. It is underperforming this year and can easily be ignored for now. As one of the largest metaverse platforms, the token will return big when cryptocurrencies recover. According to Citi analysts, the metaverse could be a $13 trillion opportunity by 2030.</p>
<p dir="ltr">With the low valuation of SAND ($0.6) currently, you should consider buying the dip once the bullish market returns.</p>
<h2 dir="ltr"><strong>Where to buy SAND</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SAND with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SAND with Bitstamp today            </a>
    </p>
<h2 dir="ltr"><strong>Shiba Inu (SHIB)</strong></h2>
<p dir="ltr">How can we miss the much-loved meme cryptocurrency? <a href="https://coinjournal.net/shiba-inu/what-is-shiba-inu/" rel="noopener noreferrer" target="_blank"><u>Shiba Inu</u></a> (SHIB/USD) has been viewed as a cryptocurrency carrying little utility. However, lined-up developments, including the metaverse, are touted as game changers. But, the cryptocurrency already has a large following and is accepted as a means of payment by top organisations.</p>
<p dir="ltr">With SHIB known to make parabolic movements at the slightest provocation, it definitely makes a cut as one of the best ERC20 tokens. You can buy and hold or monitor key developments to take advantage of large moves that happen unannounced.</p>
<h2 dir="ltr"><strong>Where to buy SHIB</strong></h2>
<p dir="ltr"></p><h3>
    eToro</h3>

    <p>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.</p>

<p>
    <a href="/visit/etoro-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=1&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SHIB with eToro today            </a>
            <button class="flex items-center mt-2 text-sm text-gray-600 focus:o-outline-none" data-tooltip="Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk." aria-expanded="false">
            <span class="border-b border-gray-600 border-dotted">Disclaimer</span>
            <span class="ml-1">
                <svg aria-hidden="true" focusable="false" role="img" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 512 512" class="w-3 h-3">
                    <path fill="currentColor" d="M256 40c118.621 0 216 96.075 216 216 0 119.291-96.61 216-216 216-119.244 0-216-96.562-216-216 0-119.203 96.602-216 216-216m0-32C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm-36 344h12V232h-12c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12h48c6.627 0 12 5.373 12 12v140h12c6.627 0 12 5.373 12 12v8c0 6.627-5.373 12-12 12h-72c-6.627 0-12-5.373-12-12v-8c0-6.627 5.373-12 12-12zm36-240c-17.673 0-32 14.327-32 32s14.327 32 32 32 32-14.327 32-32-14.327-32-32-32z"></path>
                </svg>
            </span>
        </button>
    </p><h3>
    Bitstamp</h3>

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

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.</p>

<p>
    <a href="/visit/bitstamp-crypto?guid=OTU5NjM&amp;component=simple-table&amp;language=en&amp;country=US&amp;state=VA&amp;position=2&amp;totalPositions=2" rel="noopener nofollow sponsored">
                    Buy SHIB with Bitstamp today            </a>
    </p>

<p>The post <a rel="nofollow" href="https://coinjournal.net/news/best-3-erc20-tokens-to-buy-in-2023/">Best 3 ERC20 tokens to buy in 2023</a> appeared first on <a rel="nofollow" href="https://coinjournal.net">CoinJournal</a>.</p>
