Saturday, August 23, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Do Kwon wants conference with law enforcement; pressure on miners to rise after excepted upcoming difficulty spike

by Zeynep Geylan
November 5, 2022
in Cryptocurrency
Reading Time: 5 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


The biggest news in the cryptoverse for Nov. 4 includes Bitcoin’s outperformance of Nasdaq after the Fed raised interest rates, Do Kwon’s invitation to all law enforcement in the world to join an online conference, and DOGE’s 9% fall amid Twitter’s class-action lawsuit.

CryptoSlate Top Stories

Bitcoin outperformed NASDAQ after Fed raised rates by 0.75%

NASDAQ and Gold prices reacted to the Fed’s latest 0.75% interest rate hike by sinking, while Bitcoin (BTC) performed better than both and recorded a spike.

price action comparison
Price action comparison

NASDAQ and Gold fell by 4.79% and 0.68%, respectively. In the meantime, Bitcoin increased by 0.55%.

Terra Do Kwon wants to invite the police for a conference

On Nov.3, Korean prosecutors claimed that they obtained a private conversation between Do Kwon and one of his employees, proving that Kwon purposely manipulated the Terra (LUNA) price. The prosecutor’s office also said that the conversation proved Kwon was an illegal immigrant in Europe.

On Nov.4, Kwon Tweeted to say that he’d hold a virtual conference to end all talks of him being in hiding.

Alright ill throw a meetup/conference soon to get over this in hiding bs

Cops from world over welcome to attend

— Do Kwon 🌕 (@stablekwon) November 3, 2022

Kwon didn’t disclose a date for the virtual conference but invited all law enforcement worldwide to join.

Twitter facing lawsuit over staff layoffs, Dogecoin sinks 9%

After Elon Musk took over Twitter, he announced that he was planning to cut 50% of its workforce, which implies that he’ll fire 3,700 people. Twitter is now facing a class-action lawsuit over this, as the employers took legal action on Nov. 4.

Musk’s favorite Dogecoin (DOGE) reacted to this news by falling 9% in the last 24 hours.

Bitcoin mining difficulty expected to spike Nov. 6, increase pressure on miners

Bitcoin mining difficulty will adjust on Sunday, Nov. 6. and it is expected to increase to record a new all-time-high third time in a row.

CryptoSlate analysts examined the mining difficulty and hash rate data and realized that bitcoin difficulty recorded a slight decrease on Nov. 4 while the hash rate kept increasing.

This indicates that the pressure on miners hasn’t been relieved and that the mining difficulty will likely increase this Sunday.

More entities back Ripple as SEC seeks extension

Ripple (XRP) and the Securities and Exchange Commission (SEC) have been involved in a lawsuit since 2019.

Since then, a total of 12 companies have filed amicus briefs to support Ripple’s standing. Ripple’s general counsel, Stuart Alderoty, said:

“A dozen independent voices – companies, developers, exchanges, public interest and trade assoc.’s, retail holders – all filing in SEC v Ripple to explain how dangerously wrong the SEC is. The SEC’s response? We need more time, not to listen or engage, but to blindly bulldoze on.”

Canada launches consultations on crypto, stablecoins, CBDCs

The Canadian government announced launching a consultation service on all crypto-related topics, including stablecoins and Central Bank Digital Currencies (CBDC).

The consultations will address illicit crypto activities and provide a legislative review of the digitalization of money.

Mempool Studio launch presale for web3 yearbook, almanac

Mempol Studio is collecting milestone events of the web3 space in a 300-page limited edition hardcover yearbook. The yearbook is called “Web3 Yearbook 2022” and will be launched next year.

Research Highlight

Research: US inflation breaking barriers in the 2020s; started faster than 70s, 80s trend

Inflation in developed economies like Europe and the U.S. is increasing alarmingly, primarily due to the increasing prices of energy, fuel oil, and gasoline.

US Inflation
U.S. Inflation

In the U.S., inflation was 7.5% at the beginning of 2022, reaching 9% by June. This is much higher than the 5.4% recorded in June 2021 and 0.6% recorded in June 2020.

On the other hand, Bitcoin has been up by 184.28% since the start of 2020. In the same timeframe, gold only increased by 5.38%, which indicated that Bitcoin was a better hedge for inflation for the past two years.

CryptoSlate Exclusive

Is now a good time to move dollar cost average (DCA) into crypto?

Tokenist’s Chief Editor, Shane Neagle, wrote an exclusive article for CryptoSlate, discussing if this is the right time to dollar-cost average (DCA) in crypto.

DCA is a trading strategy involving buying and selling the same amount of the same asset at regular intervals. It is based on the premise of ignoring short-term price changes and behaving as a hedge against high market volatility. That’s why it is preferred by crypto investors often.

However, Neagle draws attention to the fact that Bitcoin prices are highly exposed to the overall macroeconomic conditions. Therefore, he advises investors should think twice before committing to DCA.

Neagle wrote:

“In an environment where Bitcoin prices remain highly exposed to the overall macroeconomic conditions, investors should seriously consider committing to the dollar-cost averaging approach as a means of investing in digital assets – should strong convictions be prevalent.”

News from around the Cryptoverse

What if Michael Saylor bought Ethereum?

blockchaincenter.net shows what would happen if MicroStategy founder Michael Saylor had bought Ethereum (ETH) instead of Bitcoin.

According to the data at the time of writing, Saylor would profit $1.76 billion if he bought Ethereum instead of losing $1.27 billion.

U.S. millionaire got arrested for facilitating drug exchanges via crypto

A U.S. nacro-millionaire was detained in Canada for using crypto to distribute drugs, according to Montreal Gazette. At the time of his arrest, he possessed around 200,000 Bitcoins, $2 million in an offshore bank account, and $4 million in Canadian Dollars.

Crypto Market

In the last 24 hours, Bitcoin (BTC) increased by +4.05%  to reach $21,064, while Ethereum (ETH) also spiked by +6.61% to trade at $1,643.

Biggest Gainers (24h)

Biggest Losers (24h)

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits





Source link

Tags: ConferenceDifficultyenforcementexceptedKwonLawminerspressureRiseSpikeUpcoming
Previous Post

South Korea seeks 3-year grace period on U.S. EV tax incentive law By Reuters

Next Post

Former MoviePass CEO charged in alleged fraud scheme

Related Posts

Bitcoin On-Chain Model Reveals Critical Support At 4,000-8,000

Bitcoin On-Chain Model Reveals Critical Support At $104,000-$108,000

by Semilore Faleti
August 23, 2025
0

Semilore Faleti is a cryptocurrency author specialised within the subject of journalism and content material creation. Whereas he began out...

Bitcoin Price Watch: Momentum Wavers at 5K—What Comes Next?

Bitcoin Price Watch: Momentum Wavers at $115K—What Comes Next?

by Jamie Redman
August 23, 2025
0

Bitcoin is buying and selling at $115,441 with a market capitalization of $2.29 trillion and a 24-hour buying and selling...

Thai Police Arrest Korean Man in M Crypto-to-Gold Laundering Case

Thai Police Arrest Korean Man in $50M Crypto-to-Gold Laundering Case

by Cointelegraph by Amin Haqshanas
August 23, 2025
0

Thai authorities have arrested a South Korean man accused of serving to a name heart gang launder cryptocurrencies into gold...

What I Wish I Knew About Leverage Before Losing My First Trade | by Jay Jackson | The Capital | Aug, 2025

What I Wish I Knew About Leverage Before Losing My First Trade | by Jay Jackson | The Capital | Aug, 2025

by Jay Jackson
August 23, 2025
0

I nonetheless keep in mind the commerce prefer it occurred yesterday.I had simply signed up on a well-liked crypto trade...

Bitcoin Crash? That’s Exactly What ‘Poor Dad’ Kiyosaki Is Hoping For

Bitcoin Crash? That’s Exactly What ‘Poor Dad’ Kiyosaki Is Hoping For

by Christian Encila
July 6, 2025
0

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure Bitcoin slipped again after hitting an...

BTC, ETH, XRP, SOL, ADA Surge In Suprise Sunday Pump

BTC, ETH, XRP, SOL, ADA Surge In Suprise Sunday Pump

by Aliyu Pokima
July 6, 2025
0

After a poor displaying on July 5, the crypto market right this moment is rebounding, however there are fears of...

Next Post
Former MoviePass CEO charged in alleged fraud scheme

Former MoviePass CEO charged in alleged fraud scheme

Inflation data, midterm elections loom for struggling U.S. stock rally By Reuters

Inflation data, midterm elections loom for struggling U.S. stock rally By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Jewish people hit with paint during clash at German protest camp

Jewish people hit with paint during clash at German protest camp

August 23, 2025
The Trump administration’s big Intel investment comes from already awarded grants

The Trump administration’s big Intel investment comes from already awarded grants

August 23, 2025
Bitcoin On-Chain Model Reveals Critical Support At 4,000-8,000

Bitcoin On-Chain Model Reveals Critical Support At $104,000-$108,000

August 23, 2025
Foxconn Recalls Over 300 Chinese Engineers In Latest Setback For Apple’s India Expansion

Foxconn Recalls Over 300 Chinese Engineers In Latest Setback For Apple’s India Expansion

August 23, 2025
Bitcoin Price Watch: Momentum Wavers at 5K—What Comes Next?

Bitcoin Price Watch: Momentum Wavers at $115K—What Comes Next?

August 23, 2025
Medtronic makes two key additions to its board. How activist Elliott can build shareholder value

Medtronic makes two key additions to its board. How activist Elliott can build shareholder value

August 23, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Jewish people hit with paint during clash at German protest camp

The Trump administration’s big Intel investment comes from already awarded grants

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In