Bitcoin, Ethereum Technical Analysis: BTC Closes $17,000 Over the Weekend.
Bitcoin closed Friday at the $17,000 level as cryptocurrency markets rebounded from the weekend but today the coin advanced above $16,200 while Ethereum climbed above $1,200. Right now bitcoin is trading at $16,760.43 while Ethereum has reached a high of $1,224.97.
Big Four company KPMG will investigate new business models in the metaverse.
Metaverse Futures, one of the “big four” firms in the consulting and auditing business, is hiring a new head of business, Alice Hsu, who will be responsible for finding new business models for the company and driving the success of technologies such as Metaverse and crypto. . According to Sue, his aim is to make KPMG a multi-million-dollar business by 2025.
FTX Officials Gave $70 Million to Both Democrats and Republicans Heading into the US Midterms
Following the collapse of FTX, reports say Sam Bankman-Fried donated $40 million and more to Democrats through super PACs and direct contributions, and Ryan Salame, co-CEO of FTX Digital Markets, donated $22 million to Republicans. while the top three FTX executives contributed $70 million.
Biggest Movers: LTC at 1-week high as UNI recovers recent losses
Litecoin (LTC) The coin gained 8% in the Friday session. After Thursday’s low of $60.29, LTC/USD rose to an earlier day high of $63.61 and UNI/USD touched a higher of $6.03 earlier in the day, less than 24 hours after hitting a low of $5.74 The lower came later but bullers need to remain cautious as the momentum at the 10-day (red) moving average is still showing bearish momentum.
Bahamas Regulator Takes Action to Freeze FTX’s Cryptocurrency to ‘Protect’ Customers and Creditors
The Securities Commission of The Bahamas told crypto exchange FTX Digital Markets Limited (FDM) to safely transfer all digital assets of its cryptocurrencies to a regulator-controlled wallet as a way to protect the interests of FDM’s customers and creditors. Interim regulatory action was necessary.
