✅ BTC Has Consolidated Above $21,000
The week began with the BTC price falling as the Federal Reserve awaited a decision on its funds rate. On November 2, the U.S. regulator raised the interest rate range to 3.75-4% per annum.
Despite a slight drop on Wednesday due to a tightening of U.S. fiscal policy, the BTC price began to rise rapidly on Thursday and exceeded $21,000 on Friday. At the time of writing, the asset is trading at $20,880.
At the end of the week, all cryptocurrencies from the market’s top 10 were in the green zone. Thus, the Ethereum (ETH) price rose by 1.38% to $1,630. DOGE and USDT were the exceptions: memcoin decreased by 3.22% to $0.12, and stablecoin fluctuated around the zero mark.
Current quotes as of the morning of November 7:
✅ Changpeng Zhao Commented on Possible Restrictions for Russians
CEO of Binance exchange Changpeng Zhao said that he does not have a definitive answer regarding restrictions for Russians. These words were spoken during a Web Summit in Lisbon.
Zhao said that Binance would not serve citizens of the Russian Federation in Europe. However, there is no decision on other jurisdictions yet.
✅ FTX Allowed Users To Send BTC by Phone Number
The FTX exchange has added a feature to send crypto and American dollars by phone number and email. It was announced by the founder of the platform Sam Bankman-Fried on his Twitter.
Users who do not have an FTX account will need to sign up and pass a user identification (KYC) to receive cryptocurrency. The exchange will return the coins to the sender if the recipient does not pass the verification in a certain amount of time.
✅ Experts Calculated Microstrategy’s Benefit From Investing in ETH Instead of BTC
MicroStrategy could have earned $1.6 billion instead of losing $1.3 billion if it had invested in Ethereum instead of BTC. The authors from the Blockchain Center made such conclusions.
According to analysts, the company’s reserves would be 3,781,691 ETH ($5.9 billion) now, taking into account income from stacking. The current asset value is estimated at $2.66 billion.
✅ The Crypto Market Lost Nearly $3 Billion in 2022
Analysts at the firm PeckShield reported on their Twitter that cryptocurrency market losses for 2022 approached the $3 billion level. By comparison, only $1.5 billion were stolen from online platforms in 2021.
In the last month, attackers managed to hack 44 projects out of 53 under attack.
✅ Fragment Sold the First Telegram Username
On November 2, the first Telegram user name — auto — was sold at the blockchain auction Fragment. The total price of the username was 900,000 TON (about $1.4 million).
A user account with this nickname has not yet been created.