Altcoin News

Thirteen of the 21,863 crypto assets listed on CoinMarketCup are up more than 10 percent this week. The biggest losers this week include chiliz (CHZ) down 24.16%, chain (XCN) down 16%, and algorand (ALGO) down 12.67%.

At present, the global trading volume of cryptocurrencies is 36.84 billion US dollars, and USDT accounts for 26.78 billion US dollars of it. The global trading volume of BTC is about $19.3 billion, and the trading volume of ETH is about $4.38 billion.

Israel’s Tel Aviv Stock Exchange (TASE) hopes to launch a new digital currency trading platform within the next few years.

The exchange will come to fruition between 2023 and 2027 and will offer customers new blockchain-based trading services so they can participate in the crypto space. In a recent statement, TASE mentioned: TASE will facilitate the implementation of innovative technologies, including DLT, tokenization of various digital assets and smart contracts.

TASE intends to study a number of potential action plans, including converting existing infrastructure to innovative technologies, deploying innovative technologies to dedicated platforms, providing a package of services and products for digital assets, etc.

Binance CEO CZ said at a Binance event in Athens that the industry is in a healthier state after a bad 2022 and he expects better things to come in 2023.

However, CZ declined to make any specific predictions. According to CZ, our trick is to monitor the industry, and then no matter what the trend is, we will try to support it, and FTX is more like Madoff. It’s lying, it’s a Ponzi scheme, but just because FTX happened doesn’t mean every other business is bad.

The PRADA Crypted website, an encryption division of the luxury goods giant PRADA, disclosed that it will launch a new Timecapsule NFT series on December 1, 2022. This is the seventh Timecapsule NFT series released by the brand. This time, 50 pieces will be issued, and holders can purchase them. Limited edition merchandise available for a limited time 24 hours only.

According to OpenSea data, the current floor price of PRADA Timecapsule is 0.75 ETH, and the transaction volume is 25 ETH.

The recent de-anchoring of WBTC/BTC has aroused doubts from members of the encryption community. Twitter user Castaneda pointed out that according to the mechanics of the WBTC ecosystem, when a merchant wishes to create new WBTC, it must first provide real BTC to the custodian, who then mints the new WBTC and provides it to the merchant. When merchants wish to recover BTC, they must destroy the same amount of WBTC, thus ensuring that their WBTC amount does not exceed BTC.

Alameda has acted as a merchant at Wayback Machine Checkpoint since at least September 28, 2020, but Alameda can only mint WBTC, not custody BTC. Now Alameda is no longer listed as a merchant, and the Alameda custodian wallet cannot be found on the audit page.

Castaneda said that by checking the wallet of its previous custodian, it was found that the wallet was emptied, and the last 5,000 BTC were withdrawn on November 11, shortly after the FTX crash.

Castaneda emphasized, “However, we don’t think this poses any systemic risk because what is really important is that the custodians still maintain the necessary reserves to ensure a 1:1 ratio between WBTC/BTC. While people can still use 1 WBTC is exchanged for 1 BTC, but it is possible to arbitrage when there is a discount. According to our assessment, WBTC still looks stable, and price fluctuations seem to be caused more by market panic than insolvency.”

According to data from Coingecko, Dogecoin DOGE has risen by nearly 15% in the past 24 hours, currently rising to $0.093593, with a market value of $12,831,289,134.

The encryption media Decrypt stated that it is not clear why Dogecoin will rebound on Black Friday, but David Gokhshtein, founder of Gokhshtein Media, disclosed on social media that he feels that Vitalik Buterin and Elon Musk will jointly develop Dogecoin.

The end of the cryptocurrency bear market is still months away, according to Nigel Green, chief executive of financial advisory firm deVere Group.

Once inflation starts to slow and central banks begin to ease monetary policy, the price of bitcoin and other crypto assets will rise, Green said. According to Green, assets such as cryptocurrencies that have depreciated following rate hikes could begin to rebound in April 2023.

The owner of the NBA Dallas Mavericks and billionaire Mark Cuban said that he would definitely not jump ship from cryptocurrencies. Although the FTX bankruptcy triggered an exchange crisis, digital currencies still have a lot of value. change the underlying value of cryptocurrencies.”

When talking about SBF, Mark Cuban said, “I don’t know all the details. I talked to SBF and thought he was very smart, but he didn’t know that he would take other people’s money for himself. If I were him, I would be afraid to sit down.” A long time in prison.”

As previously reported, on November 21, Dallas Mavericks owner and billionaire Mark Cuban canceled the promotion of encryption projects such as MetaMask, The Block, Solana, Treum, Mirror Protocol, Polkadot, DeFi Pulse, Flow, Dapper Labs, and Uniswap Labs. special attention. Many of these projects were invested by Mark Cuban, including Mintable, Dapper Labs, etc.

PepsiCo announced the casting of a new NFT series Pepsi Black NFT Collection on Polygon and its entry into the Indian market, aiming to reconnect with the country’s youth.

There are a total of 20 NFTs in this series, designed by illustrator Timea Balo.

As previously reported, in 2021, PepsiCo will launch its first branded series of NFT collectibles, the Pepsi MicDrop, on the Ethereum blockchain.

Luxury hotel brand InterContinental has teamed up with British artist Claire Luxton to embrace blockchain technology by launching ten exclusive NFTs.

In addition to custom high-end digital collectibles celebrating the brand’s heritage and travel, NFTs unlock exclusive travel perks for members.

The NFT’s featured graphics were created exclusively for InterContinental, using Luxton’s signature aesthetic of natural flora and fauna, with physical editions valued at between £3,000 and £5,000.