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Sam Bankman-Fried to Step Back from Crypto Lobbying and Let ‘Crypto Twitter’ Take Charge

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Sam Bankman-Fried. Source: a video screenshot, HBO / YouTube Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, has offered what he calls his "final thoughts" on the optimal lobbying strategy for the crypto and blockchain industry that could pave the way for more industry-friendly regulation in the U.S.  At the same time, he warned the industry over the potential negative outcome of engaging in "relatively strident/adversarial strategies” The October 29 statement comes shortly after the entrepreneur expressed what could be considered as his support for some of the provisions of the controversial Digital Commodities Consumer Protection Act (DCCPA), a legislative proposal under discussion by the U.S. Congress.  "I really do think that regulation is going to get better, clearer, and create pathways for crypto to come back onshore,” he tweeted on 23 October.  Meanwhile, some industry observers have accused the bill...

Cardano Price Prediction – Is ADA Preparing For a 45% Rally This Week?

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Cardano (ADA) price predictions have been mostly positive lately, as the token started seeing an encouraging increase in value over the past several days after a month-and-a-half-long, continuous price drop. Cardano seemingly hit bottom last Friday, October 21st, when it sank to $0.33. Since then, its price has been on the rise throughout the weekend, and things did not change much on Monday, October 24th. Apart from short-term fluctuations, the price has been seeing steady growth for the last three days, currently sitting at $0.36, or 3.10% higher than 24 hours ago. However, there are indications that ADA could see a massive 45% rally as the week progresses due to a recent announcement by Cardano’s Charles Hoskinson, who hinted at “something big” coming in November. FTX intends to add spot Cardano (ADA) pair Sam Bankman-Fried, the CEO of one of the largest global crypto exchanges, FTX, recently responded to a tweet that said that FTX won’t li...

Crypto.com Adds Auto Top-up Feature for Its Visa Card

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Crypto.com is one of the oldest global cryptocurrency exchanges. Since its inception in 2016, the exchange has come a long way. The platform lets users buy and sell over 250+ cryptocurrencies using over 20+ fiat currencies. The exchange spans over 90 countries with over 50 million global users. It also has a Visa card that rewards users with 5% cashback on their spending. It keeps bringing new features to its card. In the latest updates, it adds a feature for users to automatically top-up their Visa cards. Top up your Card effortlessly! 💳 Automatically top-up your Crypto․com Visa Card 👛 Enable auto top-up with your Crypto Wallet Available for cardholders in the U.S. 🇺🇸, AU 🇦🇺, & BR 🇧🇷 Enable auto top-up now 👉 https://t.co/8iI1XokauQ pic.twitter.com/zq3EWAm4te — Crypto.com (@cryptocom) October 12, 2022 Crypto.com’s new feature available to US, Australian, and Br...

A timeline of Bitcoin crashes and bear markets from 2009 to 2022

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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin experienced one of its most severe crashes in 2022, with the BTC price falling below $20,000 since June of this year, after peaking at $68,000 in 2021. However, the current market sell-off does not imply that Bitcoin crashes and bear markets will be limited to 2022. Since the first Bitcoin block, or the genesis block, was mined in January 2009, Bitcoin has seen its fair share of crypto winters. As we zoom out on the Bitcoin price chart, we notice five of the most notable price drops in the cryptocurrency’s history. Bitcoin’s price plummeted from $32 to $0.01 in 2011 20 months to retest previous high: (June 2011–February 2013) Bitcoin’s price broke its first major psychological barrier of $1 in late April 2011, launching its first-ever rally to $32 on June 8, 2011. But the happiness didn’t last long, as Bitcoin’s value dropped to $0.01 in a matter of days. The s...