Bankrupt Crypto Broker Voyager Set To Receive Nearly $200,000,000 in Bitcoin and Ethereum From Alameda Research

Troubled crypto lender Voyager Digital is going to receive hundreds of millions of dollars worth of crypto assets from Alameda Research. According to a recent court filing, FTX CEO Sam Bankman-Fried's crypto trading firm will give back a loan worth nearly $200 million to Voyager, a crypto brokerage that filed bankruptcy earlier in the year.

Timeline of Bitcoin, Ethereum

Crypto prices were highly volatile, in line with equities, following the Fed's decision to hike interest rates by 75 basis points. The post Bitcoin price, equity markets gyrate after U.S. Fed's interest rate decision appeared first on The Block.

Data shows the Ethereum Proof-of-Work forks have sharply fallen down in the few days following the merge. Ethereum PoW Forks Have Fallen 66% In Just Five Days According to the latest weekly report from Arcane Research, the ETH PoW forks have performed very poorly against ETH since the merge.

Data shows the Bitcoin mining profitability has dropped down to just 2020 levels, here are some reasons behind this trend. Bitcoin Daily Miner Revenues Declined Almost 10% In Last Week Alone As per the latest weekly report from Arcane Research, BTC miners are now making just $17.9 million per day, the lowest since November 2020.

Bitcoin [BTC] traders have found themselves in a nail-biting situation this week following its downside in the last seven days. The bearish performance sent BTC crashing and at press time, the crypto king stood in a critical zone on a short-term support.

The United States Federal Reserve raised interest rates by 75 basis points after the Federal Open Market Committee (FOMC) meeting on September 21, bringing the Federal Funds Rate to 3.25%. The post Fed announces 75 bps rate hike; Bitcoin tanks 6.5% on the news appeared first on CryptoSlate.

A veteran trader known for calling the last big Bitcoin (BTC) collapse this year is predicting an imminent relief rally in anticipation of the Federal Open Market Committee (FOMC) meeting Wednesday morning.

The world's largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit.

Despite the overall bearishness of the crypto market, there are many analysts out there that seem to believe bitcoin still has what it takes to hit a $100,000 price. Bitcoin Is Stronger Than It Looks Right Now The state of bitcoin is rather poor as of late.

Bitcoin and other cryptocurrencies in the market have had an interesting week-and-a-half. From the CPI report to the completion of the Ethereum Merge, it has been a rollercoaster of volatile activity across the market.

The Ethereum Merge has been successfully completed and the network has been operating on a proof of stake mechanism for about a week now. The success of the upgrade has been lauded by many in the community who have praised the resourcefulness and the innovation of the Ethereum developers.