Day: November 14, 2022

BUDGET Mining Rig for Ethereum & How to setup the Mining Rig| Harsh Gupta | Crypto Mining Farm India

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US President Biden announces pick for FDIC chair

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United States President Joe Biden announced he would be nominating Federal Deposit Insurance Corporation (FDIC) Acting Chair Martin Gruenberg to assume the position as part of a five-year term. In a Nov. 14 announcement, President Biden said he intended to nominate Gruenberg, who has previously served as acting FDIC chair from 2005 to 2006, 2011 to 2012, and from February 2022 to the present. Gruenberg assumed the temporary position following the resignation of former Chair Jelena McWilliams. According to FDIC regulations, a chairperson of the FDIC’s board of directors may…

FTX collapse followed by an uptick in stablecoin inflows and DEX activity

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On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week.  A similar movement occurred in April 2020, November 2020 and June 2022 with the current outflow leaving around 2.25 million BTC on exchanges. Bitcoin exchange balances with net position change line. Source: Glassnode Exchange exodus for Ether, but not stablecoins While Ether (ETH) did not see an all-time high outflow from exchanges, 1.1 million Ether were withdrawn from exchanges over…

Caribbean nation St. Kitts and Nevis may adopt Bitcoin Cash as legal tender by March 2023

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The Caribbean nation of St. Kitts and Nevis may declare Bitcoin Cash (BCH) legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he spoke at the Bitcoin Cash 2022 conference in St. Kitts on Nov. 12. St. Kitts and Nevis is a member of the Eastern Caribbean Central Bank and part of the ECCB’s DCash central bank digital currency (CBDC) program, which was launched in March 2019. “Our nation has always been a forward-thinking nation and a leader in exploring new technologies that can advance our people,”…

Crypto Lender BlockFi Updates Users on Platform, FTX Exposure

As for chatter that all or even a majority of BlockFi’s assets were held in custody – and therefore tied up for potentially a long time and perhaps even unrecoverable – the company said that is false. BlockFi, however, did acknowledge “significant exposure” in the form of obligations owed to BlockFi by Alameda, assets on the FTX platform, and an undrawn credit line from FTX. Source

Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX – Bitcoin News

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After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and he said there’s “a lot of uncertainty about what’s going to happen next.” Ikigai Chief Investment Officer Shares ‘Some Pretty Bad News’ Another hedge fund has detailed it has lost money from the FTX scandal,…

Turkey’s financial authority investigates FTX’s collapse

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Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11. Along with FTX, the agency will look into people and institutions related to the platform — including banks, electronic money institutions and crypto-asset providers — according to an official statement from Nov. 14. The regulator also noted that it had been monitoring FTX’s activities in accordance with the country’s Anti-Money Laundering laws. FTX Turkey, FTX’s regional subsidiary, provided a Google Form for users seeking to receive their…

🚨🚨 Crucial Months for CRYPTOCURRENCY MARKET | Will BTC make a new Bottom? | Crypto Market Update 🚨🚨

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #cryptocrash #bitcoin #cryptocurrency Cryptocurrency Market in current situation is very volatile where some investors are very bullish with ETH Merge just around the corner, there are other set of investors who are asking the question “What after ETH Merge?” The current economic condition is not right along with Mt. Gox has asked for the returning address of BTC till 15th Sept all this and lot more are on the cards. Let’s Discuss. CRYPTO WALLETS (BUYING LINKS): SafePal S1 – Ledger Nano S…

Binance’s CZ says users share blame for placing trust in FTX, should take responsibility

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During an ask-me-anything (AMA) session on Twitter Spaces on Nov. 14, Binance CEO Changpeng Zhao, also known as CZ, urged crypto users to take responsibility for their investment decisions and not put all of the blame on others when things go south. “As a user, you also have responsibility — you can’t just blame all of the responsibility to other people. When bad things happen, if you blame all of the responsibility, if it’s always to other people, you will never be successful. You are also always looking at the…