Day: November 19, 2022

Binance CEO CZ begins working on Vitalik Buterin’s ‘safe CEX’ ideas

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The collapse of numerous major crypto ecosystems in 2022 revealed the urgent need for revamping the way crypto exchanges operate. Ethereum (ETH) co-founder Vitalik Buterin believed in exploring beyond “fiat” methods to ensure the stability of crypto exchanges, including technologies such as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (ZK-SNARKs).  Following a discussion with angel investor Balaji Srinivasan and crypto exchanges such as Coinbase, Kraken and Binance, Buterin recommended options for the creation of cryptographic proofs of on-chain funds that can cover investor liabilities when required, a.k.a, safe centralized exchanges (CEX). Having a…

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This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

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The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The crypto market has been experiencing massive downward performance as prices of assets kept declining. Hence, the overall value is far below expectations, creating more fears and doubts in crypto. Following the unfolding events and crisis, the CEO of FTX, Sam Bankman-Fried (SBF), filed for bankruptcy for the distressed FTX exchange. He also resigned from his…

Litecoin Up 8% In Last 24 Hours, Top Gainer Out Of Top 20 Cryptos

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As the market declined last week (and continues to do so), Litecoin was one of the few currencies to increase in value. CoinGecko reports that the price of a single Litecoin is at $63.69 at the moment. The token is up 8% in the last 24 hours, giving traders and investors some sense of relief. Litecoin (LTC) thus pulled off a surprise, edging out the other cryptos in the top 20 list. The alternative cryptocurrency that has been around for a while appears to be gaining popularity among investors. Only…

Bitcoin Mining Stocks – A Comparison

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950 FTX Users in Taiwan Had Digital Funds Worth $150 Million Held on the Exchange When It Collapsed – Featured Bitcoin News

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At the time of FTX’s collapse, about 950 users in Taiwan had a total of $150 million worth of digital assets stored or held at the crypto exchange, a law firm has reportedly said. FTX users in Taiwan were reportedly investing in interest-bearing digital assets using cheap funds borrowed from local banks. FTX’s Popularity With Taiwanese Users According to a Taiwanese law firm, Enlighten Law Group, about 950 people in the country had digital assets worth $150 million stored on the crypto exchange FTX when it collapsed. The law firm…

🚨Crash Continue In Bitcoin | Crypto Market Update | Altcoins का क्या करे ?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io HELLO TRADERS, 🚨Crash Continue In Bitcoin | Crypto Market Update | Altcoins का क्या करे ? #bitcoincrash #cryptocurrency #stocks 00:00 introduction 00:51 bitcoin Price Analysis 03:52 bitcoin Rsi Analysis 05:47 Altcoins Analysis 08:18 Video’s Conclusion FOLLOW ME FREE TRADING COURSE : TELEGRAM :  TWITTER : Best Crypto Exchanges ==================== GATE.IO : MEXC GLOBAL : BINANCE :  Huobi Global : Best Derivatives Exchanges —————————————————————– Get $153 in reward for completing tasks Bitget invitation link (MOBILE) Bitget invitation link (WEB) —————————————————————— BingX : Disclaimer ========== Cryptocurrencies…

TRON Total Number Of Accounts Hit 120 Million: Weekly Report

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TRON, the native cryptocurrency of the blockchain network bearing the same name, continues to struggle as it fails to break free from its bearish momentum. According to tracking from Coingecko, the 16th largest cryptocurrency in terms of market capitalization is trading at $0.050 at the time of this writing. For the past seven days, the altcoin has dropped by almost 10% while over the last two weeks its value has declined by 20.2%. On a month-to-date gauge, the digital asset has dumped 17.8% of its spot trading price, painting its…

SBF’s lawyers terminate FTX representation due to conflicts of interest

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Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation after SBF’s tweets were found to disrupt the law firm’s reorganization efforts. Starting Nov. 14, SBF published a series of tweets that amassed extensive attention across Crypto Twitter. The move, however, sparked speculations that the cryptic tweets were used to distract bots from noticing concurrently deleted tweets. While no ill-intent could be concluded, Paul, Weiss attorney Martin Flumenbaum believed that SBF’s “incessant…

Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup

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The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market. World Cup Qatar hype boosts fan token prices These digital fan tokens are currently rallying despite the cryptocurrency market downturn, securing up to 170% gains from the Nov. 10 lows. At the core of the massive uptrend is the World Cup, which will be held from Nov. 20 to Dec. 18 in Qatar. Fan tokens are cryptocurrencies that enable fans to engage with and participate in their favorite team’s decisions. Moreover, they…