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After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed she managed to interview SBF, while Lewis visited to presumably get information on the downfall of the FTX empire for the writer’s upcoming book. SBF Gets 2 Visitors While on House Arrest and Before His Jan. 3 Arraignment in New York Since SBF was released on bail, reports note that two people have been granted access to visit the disgraced former FTX CEO while he’s on house arrest. Tiffany Fong disclosed that she met with SBF and noted that she had not written anything yet when she tweeted about her discussion with SBF on Dec. 28. Tiffany Fong (pictured left) was one of the first people to get an exclusive interview with SBF before his arrest. Fong’s telephone interview can be listened to here and he

SOL price jumped 20% after falling to its worst level since February 2021 with Solana's technicals suggesting that more upside is possible. Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak  On the daily chart, SOL's price rebounded to around $10.25, up over 20% from its previous day's low of approximately $8.  SOL/USD weekly price chart. Source: TradingView Nevertheless, the intraday recovery did little to offset the overall bear trend — down 97% from its record peak of $267.50 in November 2021, and down over 20% in the past week.  But while the year has been brutal for markets, Solana now joins the ranks of the worst-performing tokens of 2022, namely FTX Token and LUNA, which are down around 98%.  FTT (red) vs. LUNA (green) vs. SOL (blue) performance since November 2021. Source: TradingView SOL price could recover 5

Ethereum ( ETH ) is under immense selling pressure following the collapse of the cryptocurrency exchange FTX. According to Ali Martinez, ETH whales sold close to a million coins in December 2022, adding to investor angst. Martinez indicated that whales holding between 10K and 100K ETH sold or redistributed around 880,000 coins. #Ethereum whales holding between 10,000 and 100,000 $ ETH have sold or redistributed around 880,000 # ETH since December 2022. pic.twitter.com/vOA9Lt0bOH — Ali (@ali_charts) December 29, 2022 At press time, trade volume has fallen by 3.05% in 24 hours. However, a day earlier, trade volume went up 23% to $4.5 billion, while the market cap declined by 2%. Ethereum has had a challenging year, with its value falling by 75.5% from its all-time high and 70.4% in only one year. Many are worried that ETH ’s value could drop further as we enter the new year. ETH has fallen below $1200, and it could continue to plummet if it does not climb above $1215. M

Traders were disappointed this Christmas when markets did not experience the long-awaited Santa Claus rally that sometimes accompanies the Christmas season. Bitcoin's volatility index showed record lows on December 25, setting a subdued tone for holiday trading.  It is believed that the absence of a rally was in part due to the fear, uncertainty, and doubt (FUD) surrounding centralized exchanges this year. Many investors in risk assets are also sitting on the sidelines to see how 2022's huge interest rate hikes and a looming recession play out in the coming weeks and months. While the cryptocurrency market is not looking especially hot at the moment, tremendous potential for growth in 2023 still exists. With this in mind, here are some promising altcoins that have potential for gains short term or heading into the near year based on strong fundamentals, promising technical Analysis , or both. FightOut (FGHT) The upcoming FightOut M2E app and gym chain has en

What is Mummy Finance? Mummy Finance is a swap and perpetual DEX that offers a variety of trading options and high liquidity for a wide range of blue chip crypto assets. The platform represents a new type of decentralized exchange due to the continuous innovation promoted by its developers. Mummy Finance aims to become the solution for all traders who want to keep control of their capital and enjoy the best trading experience on Fantom Opera, with distinctive advantages. Why build on Fantom Opera? A key benefit of the Fantom Opera blockchain is that it allows app developers to customize their applications. Since it is highly scalable, this network offers very high transaction speeds. In addition to its high scalability, the network offers high levels of security and decentralization. In addition, Fantom’s aBFT consensus makes trading on Fantom Finance fast, cheap, and secure. Fast: Lachesis parallelizes transaction processing and minimizes communication overhead within the system to ac

Near Protocol  (NEAR) is trading below key levels as bearish sentiments continue to linger in the crypto market. The technical setup and oscillating indicators show that the Layer 1 token may drop further. However, a bullish divergence from the RSI provides hope for a Near protocol price recovery. Near Protocol Price Tumbles 51% The collapse of Sam Bankman-Fried’s crypto empire FTX in early November initiated a market-wide sell-off that took the NEAR/USD pair plummeting from the $3.44 high toward the $1.35 support level—representing a 50.94% drop. As we edge closer to the end of the year, Near Protocol’s bullish trend is slowing down and is likely to continue into 2023 unless positive fundamentals kick in from the development team or its community.  The Direction Movement Index (DMI) showed that the downward momentum was still strong, adding credence to the negative outlook. The negative directional line (-D1) at 33 was way above the positive directional line (+D1) at 14, suggesting

The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With Existing Laws Until Final Regulations Are Issued The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are delaying an obligation for digital asset brokers to start tracking and reporting proceeds from customer transactions. The respective provision was introduced with the Infrastructure Investment and Jobs Act, which was signed into law in late 2021, and was scheduled to enter into force on Jan. 1, 2023. The main purpose of the requirement, imposing on the crypto sector the regulations that currently apply to securities brokers, was to increase tax revenues from coin trading by revealing gains from such operations in a 1099 form. Howev

During the Asian session on December 24, the Bitcoin price prediction remains neutral as BTC continues to consolidate in a narrow range of $16,750 to $17,000. With only one day until Christmas, the global financial market appears to be experiencing low volatility and trading volume, which is keeping price action in check. Similarly, Ethereum has also remained mostly unchanged at $1,218.  Over the last 24 hours, the global crypto market capitalization increased by 4.75% to $2.39 trillion, while trading volume increased by 14.11% to $102.84 billion. While DeFi ($17.44 billion) contributed 16.96% of trading volume, stablecoins ($79.65 billion) accounted for 77.45%.  Let's take a quick look at the fundamental outlook for Bitcoin and Ethereum today. Musk: Fed Rate Hikes May Be Worst Ever Elon Musk, CEO of Tesla, SpaceX, and Twitter, issued a dire warning Thursday about the potential consequences of the Federal Reserve's plan to raise interest rates quickly.  The

The cryptocurrency market is flat today, with its total cap of $847 billion unchanged in 24 hours but down by 4% in a week. The overall market is also down by 5% in a fortnight and by 23% since FTX's collapse at the start of November, with little changing in the market or global economy to reinject some much-needed optimism. Despite the overall market being down, a number of coins have bucked the trend by posting gains today. Meanwhile, various new altcoins have recently opened their presales, providing early investors with the opportunity of making some market-beating gains once they list on exchanges for the first time. Accordingly, this article collects the best crypto to buy today, including Terra Luna Classic (LUNC), Dogecoin (DOGE) and FightOut (FGHT). FightOut (FGHT) Running on Ethereum, FightOut (FGHT) is a move-to-earn fitness app that combines real-life workouts with Web3. Set to go live in the second quarter of next year, it aims to compete with the l

Bitcoin's price remained relatively stable, near $16,750 on December 22. The BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways due to low trading volume and volatility. Twitter Updates Search Feature with BTC and ETH Price Index On December 21, the Twitter Business account added a new feature that is an improvement over "$Cashtags."  Twitter, the social networking site, has launched a new cryptocurrency tool that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers into the search bar. The account stated that whenever a user tweets the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it, they will see a hyperlink that takes them to search results that now contain pricing graphs for those symbols. It also said that all you had to do to see the price graph was type in the ticker sym