November 17, 2022

FTX will be the last giant to fall this cycle: Hedge fund co-founder

November 17, 2022 boss

While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA). “When LUNA blew up a…

why is crypto crashing is it going bullish | Crypto News Today | Cryptocurrency News Today | FTX

November 17, 2022

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Sam Bankman-Fried Switches Legal Counsel as Investigations Into FTX Collapse Mount: Report

November 17, 2022

Former FTX CEO Sam Bankman-Fried will no longer be represented by his legal counsel at Paul, Weiss, Rifkind, Wharton & Garrison, a white-shoe law firm, less than a week after retaining the firm to represent him. Source

El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says – Featured Bitcoin News

November 17, 2022 boss

El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his country will buy one bitcoin every day starting tomorrow. Following Bukele’s announcement, Tron founder Justin Sun said he will do the same, tweeting: “We echo @nayibbukele’s initiative in buying bitcoin daily. We will also buy one bitcoin every day…

El Salvador President Says Country Will Buy 1 Bitcoin A Day

November 17, 2022 boss

Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country’s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped a significant portion of the value from their holdings. Nevertheless, Bukele has not backed down on his stance that bitcoin would be good for the country’s future and said El Salvador will continue to buy bitcoin. 1 Bitcoin A Day Despite more than $60 million in value being wiped off the El…

Crypto Respond Sideways to FTX and related crises

November 17, 2022

Crypto markets responded to the latest events with their recent sangfroid, with bitcoin and other major cryptos trading sideways, some tokens a bit to the green and others slightly in the red. The largest cryptocurrency by market capitalization was recently up about 1% and hovering comfortably over its $16,000 support of the past nine days. Ether was recently changing hands above its most recent about $1,200 support, off a couple of smidgens of a percentage point. XRP was recently up nearly 3% but the popular meme coins DOGE and SHIB…

Top 4 Altcoins That Defy The FTX Fiasco

November 17, 2022

The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move. Still, there have been some great price movements by these top 4 altcoins lately despite the uncertainty surrounding the crypto market,…

THIS WILL BREAK SOON (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH)

November 17, 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io THIS WILL BREAK SOON (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and my next Bitcoin Price Prediction! Make sure to watch the WHOLE video so you don’t miss out on this valuable information & leave a LIKE and SUBSCRIBE for more videos like this! 💰 Learn Technical Analysis Here 👉 👈 🤑 FREE $100 USDT AIRDROP 👉 👈 (Claim before September…

FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

November 17, 2022

With investor confidence in cryptocurrencies ebbing as a result of the collapse of Sam Bankman-Fried’s FTX exchange, the total market capitalization of digital assets has fallen this month below $800 billion, a level not seen since early 2021, according to data from TradingView. Source

How traditional artists are using Web3 to meet new audiences

November 17, 2022

Despite Crypto Winter, artists see enough of an upside in accessibility to a more diverse set of collectors, to keep minting NFTs. Source