ANIVERSE Crypto Daily News_Nov 29, 2022💌

Tuesday, November 29, 2022
ANIVERSE Crypto Daily News💌

1. BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
- Crypto prices dropped amid continued market contagion triggered by the FTX collapse earlier this month.

2. Mt. Gox Bitcoin Awakened as 10,000 BTC Begins to Move
- Bitcoin worth $167 million has started moving. Wallet identified linked to Mt. Gox BTC-e exchange.
- Mt. Gox collapse was far worse than FTX.

3. Here Is Why Polygon (MATIC) Price Could Shoot up After Partnership With NFT Platform
- MATIC has broken out from a descending resistance line. It is trading above the $0.80 horizontal support area.
- Polygon has created a short-term double bottom pattern.

4. Dogecoin (DOGE) Best Rally in Weeks Stumbles on Profit-Taking Spike
- Dogecoin is following an ascending support line. It is trading above support at $0.075.
- Dogecoin completed an A-B-C correction.

5. US and European Politicians Call for Crypto Regulations As FTX Contagion Spreads
- Cynthia Lummis believes that the members of Congress should learn about the asset class to regulate it. The SEC chair Gary Gensler faces criticism from the US Congressman.
- The European officials believe that the recent FTX events are a wake-up call for regulators.

6. Cardano Stablecoin Ecosystem Ardana Suddenly Halts Development
- Cardano decentralized stablecoin ecosystem Ardana has halted developments because of funding and “timeline uncertainty.” A related project, Orbis, has also halted development for the same reasons.
- Community members have criticized the announcement and said that it was a scam.