In this week’s Market Report show, Cointelegraph’s resident expert discusses what the implications would be if the Grayscale Bitcoin Trust collapsed.
This week’s show starts with the latest news on the market.
Bitcoin (Bitcoin), like the rest of the crypto industry, remains highly sensitive to downside risks as it continues to deal with the impact of the implosion of exchange FTX, the largest cryptocurrency.
Contagion is the word on everyone’s lips as November approaches, and fears continue to emerge of new victims of FTX’s massive liquidity vortex, similar to Terra’s collapse earlier this year. there is. Grayscale Bitcoin Trust (GBTC) seems to be in the spotlight this week for all the wrong reasons. When is the next Black Swan event? We break down all the details surrounding GBTC to keep you up to date.
Cryptocurrency market capitalization dipped below $800 billion, but it reveals a few reasons why some traders are bullish. Our very own Marcel Peckmann analyzes why some traders are actually bullish. Marcel has some very good reasons for this, so be sure to tune in and find out.
Proof-of-stake blockchain platform Cardano has partnered with Coti, a directed acyclic graph-based Layer 1 protocol, to launch what it calls an overcollateralized algorithmic stablecoin. . The project said in a statement provided to Cointelegraph that the stablecoin would be backed by extra collateral in the form of cryptocurrencies stored in reserves. How is this different from existing stablecoins already in circulation?
CoinMarketCap, a leading market researcher and tracker in the cryptocurrency industry, has announced the launch of a new feature for its platform that provides users with the latest financial information about the exchange.
of Proof of Reserve (PoR) Tracker audits industry-active cryptocurrency exchanges for liquidity transparency at a given point in time. According to the announcement, the tracker details the company’s total assets, associated public wallet addresses, balances, current prices, and wallet values. Our experts analyze the need for such tools and how they can help the industry.
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