Monday November 28, 2022

Your Weekly Update On All Things Crypto

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TL;DR

New ConsenSys Policy Involves Collection of IP Addresses Through MetaMask
Binance Announces New Recovery Fund To Aid Struggling Crypto Industry
Mysterious Transaction Involving 10,000 BTC And Defunct Crypto Exchange
JP Morgan Digital Wallet Patent Application Is Approved
Bitcoin Will See Another Leg Down as Contagion Continues to Spread
Bitcoin Dominance May Have Bottomed

MACRO NEWS

New ConsenSys Policy Involves Collection Of IP Addresses Through MetaMask...

On November 24th, MetaMask developer ConsenSys revised its privacy policy to begin tracking MetaMask users IP addresses as well as Ethereum addresses whenever they send a transaction. The update is for MetaMask customers who use Infura as their RPC (Remote Procedure Call) provider. Infura is a ConsenSys affiliate and the default RPC provider for all MetaMask wallets.

Binance Announces New Recovery Fund To Aid Struggling Crypto Industry...

Binance plans to allocate $1 billion to a proposed industry recovery fund. It would later be revealed that an another $1 billion has also been added to this recovery amount, bringing the total to $2 billion.

Mysterious Transaction Involving 10,000 BTC And Defunct Crypto Exchange...

On November 23rd, a crypto wallet belonging to the defunct crypto exchange BTC-e transferred 10,000 Bitcoin to various exchanges, personal wallets, and other sources. For those who may not know, BTC-e was reportedly involved in the theft of Mt. Gox Bitcoin and user funds.

JP Morgan Digital Wallet Patent Application Is Approved...

After spending over two years in limbo, JPMorgan Chases application for a trademark for a digital wallet with crypto features has finally been approved by the United States Patent Office.

INDUSTRY EVENTS

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TECHNICAL ANALYSIS

Bitcoin Will See Another Leg Down as Contagion Continues to Spread

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Bitcoin Dominance May Have Just Bottomed

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.