Day: November 9, 2022

Bitcoin Falls to $17000…Sam Bankman-Fried Deletes Tweet About FTX Assets

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today Bitcoin dumped to $17000 due to fears about FTX’s collapse. Sam Bankman-Fried secretly deletes tweet about user holdings…what does this mean? 🔒 (10% Ledger Coupon: NYKNYC) Safeguard Your Bitcoin and Crypto w/ Ledger Wallet 🔥Buy & Trade Crypto w/o KYC on MEXC ($9100 Bonus) 🟪Buy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) 🚨Protect Your Online Presence w/ NordVPN ✅Join Sorare and Compete for Free NFTs: ✅Trade 300+ Crypto on Kucoin ($500 Bonus): Follow these other great channels from George :…

Crypto Giant Coinbase Not Interested In Buying FTX U.S, COIN Stock Plunges

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The crypto market became red with massive losses on Tuesday. Some analysts speculated that the selling pressure on Bitcoin and Ethereum from FTX’s attempt to raise liquidity against impending insolvency caused this cascade of losses. Some analytics data revealed that FTX liquidated its ETH holdings, which placed selling pressure on Ethereum and extended a sell-off to Bitcoin. However, despite FTX’s actions in the market to withstand the tanking of its token FTT, the asset didn’t recover. As of November 7, FTT was down by 19% and has dropped further by…

FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly – Market Updates Bitcoin News

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FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana is also significantly lower, due to FTX’s sister company Alameda currently holding large amounts of SOL. FTX Token (FTT) FTX Token (FTT) continued to sink on Wednesday, as the token lost over 70% of its value in today’s session. Following yesterday’s high of $19.51, FTT/USD plunged to an…

L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

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Ethereum layer-2 scaling platform StarkWare has officially launched the StarkNet Foundation with the introduction of a diverse board that aims to safeguard Ethereum’s decentralization and censorship resistance. Seven individuals, including key members from the Ethereum ecosystem and wider cryptocurrency space, will head up the non-profit entity. An announcement shared with Cointelegraph outlined the role of the StarkNet Foundation in ensuring the maintenance and security of StarkNet’s network as well as its development and expansion. Cointelegraph reached out to Eric Wall to unpack his appointment to the Foundation’s board. Wall is a…

What EU Merger Regulators Have in Store for Binance’s FTX Buy

“Agencies usually impose remedies when fewer competitors are left, and when markets are not as dynamic, but antitrust agencies also need to show teeth in what they consider to be a space where consumers need their protection,” Schrepel, an associate professor at Amsterdam University said, adding that the review would set a crucial precedent about whether the world of crypto is a single market, or is comprised of several different ones. Source

Infosys Blockchain Pharma Supply Chain Solution

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FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves – Bitcoin News

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On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of people, and FTX’s financial troubles caused a number of executives from well known crypto trading platforms to discuss a concept called proof-of-reserves. FTX Frontman Falls From Crypto Savior Status to Needing an Emergency Lifeline People…

Fractional NFTs and what they mean for investing in real-world assets

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While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology. Once such new concept is fractional NFTs — an iteration of NFTs that enable multiple investors to own a piece of a single token. These NFTs differ from regular NFTs in that they employ smart contracts to fractionalize the token into a number of parts predetermined by the owner or issuing organization, who then set the minimum price. When applied to real-world…