Day: November 20, 2022

‘FTX Accounts Drainer’ Offloads 50,000 ETH, Entity Uses Renโ€™s Bitcoin Gateway to Acquire BTC โ€“ Bitcoin News

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The ethereum wallet known as the โ€œFTX Accounts Drainerโ€ has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the โ€œFTX Accounts Drainerโ€ transferred roughly 50,000 ether out of the wallet. By leveraging Renโ€™s bitcoin gateway, the entity has been swapping out the ethereum in exchange for bitcoin. The โ€˜FTX Accounts Drainerโ€™ Entity Wants Bitcoin The wallet known as โ€œFTX Accounts Drainerโ€ has dropped from…

KRASH ULTIME DES CRYPTO ? LA FIN EST PROCHE ? ACTU CRYPTO MONNAIE 08/11

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Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up โ€” Week in Review โ€“ The Weekly Bitcoin News

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With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Friedโ€™s private jet was reportedly spotted heading to Argentina, Krakenโ€™s CEO has addressed the fallout of the Alameda/FTX saga, saying that โ€œThe damage here is huge,โ€ and many, many more stories surrounding the debacle have emerged. On top of this, more so-called sleeping bitcoins have awoken, and Elon Musk has given his two cents on bitcoin and dogecoin once more. Flight…

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GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

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The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC owner With contagion and fears over a deeper market rout everywhere in Bitcoin and altcoins at present, misgivings are impacting even the best-known โ€” and trusted โ€” crypto industry names. In recent days, it was the turn of GBTC, the long-embattled Bitcoin…

BITCOIN PRICE PREDICTION (Bottom Revealed)!! Bitcoin News Today, Bitcoin Crash (Bitcoin Analysis)

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South Korea investigates crypto exchanges for listing native tokens

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Native cryptocurrencies turned out to be the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, most recently during the FTX collapse. Korea’s financial authority, Korea Financial Intelligence Unit (KoFIU), took notice of the same as it launched a probe into crypto exchanges in relation to listing their in-house, self-issued tokens. Crypto exchange FTX and its 130 affiliate firms recently filed for bankruptcy due to a price crash of its in-house token, FTX Token (FTT). While Korean crypto exchanges are barred from issuing native tokens, KoFIUโ€™s…

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation โ€” IMF Mission โ€“ Economics Bitcoin News

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According to the International Monetary Fund (IMF)โ€™s mission concluding statement, Nigeriaโ€™s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria needs to dismantle โ€œthe various exchange rate windows at the CBN [Central Bank of Nigeria]โ€ The Widening Gap Between the Official and Parallel Market Exchange Rate The International Monetary Fund (IMF) has said Nigeriaโ€™s foreign currency shortages, the rising inflation, and the countryโ€™s limited debt servicing capacity are fueling…