Day: November 14, 2022

Manhattan District Attorney’s Office probes FTX collapse: Report

boss

Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX. According to a Nov. 14 report from Reuters, a source with knowledge of the investigations said authorities in New York were looking into the collapse of the major crypto exchange following FTX declaring bankruptcy on Nov. 11. The report followed news the state of California’s Department of Financial Protection and Innovation announced it would be investigating the “apparent failure” of FTX. The ongoing saga with FTX…

CARA BARU MENGHASILKAN UANG DARI INTERNET DENGAN MINING NFT, MELALUI CLOUD MINING GRATISAN CRYPTOTAB

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mungkin akhir2 ini kita sering denger istilah mining crypto untuk menghasilkan uang dari internet.. tapi kalian tau ngga sih kalo ada juga yg namanya mining NFT? dan dari mining NFT ini kita juga bisa dapetin profit yang cukup lumayan dari crypto khususnya bitcoin.. kalian mungkin agak sedikiit aneh dengan hal yang satu ini karena biasanya yang namanya mining itu pasti identik dengan crypto.. Nah, maka dari itu di sini gua akan share ke kalian seputar mining crypto gratisan yang di dalamnya terdapat…

Bitget Prepares 5 Million USD Builders Fund to Help Users Distressed by FTX Collapse – Press release Bitcoin News

boss

press release PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by the FTX collapse. The market witnessed the collapse of FTX within a week, and worse still, the exchange announced their wallet was hacked after filing for bankruptcy protection in the US. The remaining funds in the company have been wiped out completely. No one is the winner in this chaos,…

Bitcoin Moves Differently From US Stock Market, Correlation Weakening?

boss

Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an analyst in a CryptoQuant post, BTC has gone down in the past week while stocks have made some gains. A “correlation” between two assets (or markets) exists when both their prices follow the same general trend over a period of time. For Bitcoin, there has been a strong…

Former FTX CEO’s Alleged $40M Penthouse Listed for Sale, Report Says Firm Spent $74M on Real Estate – Bitcoin News

boss

In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent roughly $74 million on real estate purchases in the surrounding Albany Bahamas oceanside district. Bahama Mansion Called the ‘Orchid Building’ Listed for Close to $40 Million This past weekend, the web portal seasidebahamas.com published a real estate listing that’s reportedly tied to the former FTX CEO Sam Bankman-Fried (SBF). The property dubbed the “Orchid…

Taxation for Cryptocurrency, NFTs and Other Digital Assets Still in Its Infancy in the US

Various tax positions are being taken and therefore shown to the Internal Revenue Service on tax returns filed over the last few years, an indication the market is coming to a consensus on how certain digital assets and transactions should be categorized and taxed. Whether the IRS will agree with these “tax cubbyholes,” however, is another question entirely. There are also industry participants who believe that digital assets should require new tax rules because of their newness, though I’d argue that every asset and transaction, no matter how new or…

Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report

boss

In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment — yet Bitcoin is still in bearish conditions as we head into Q4 of 2022. Not all areas of the blockchain industry can boast such signals of strength, such as venture capital (VC), which brought in $840,000 in October, down 48.6% from the previous month.…

Bank Run Leading to Crypto Contagion – is it over?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #bitcoin #cryptocontagion #crypto #ftt #ftx #binance #sbf #ada #sol #eth #tsla 👋JOIN THE COMMUNITY: DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise,…