Day: November 21, 2022

Collapsed crypto exchange FTX owes top 50 creditors $3 billion: Filing

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The collapse of FTX has sent shockwaves through the cryptocurrency industry. The price of bitcoin and other major digital coins have fallen sharply as problems at FTX emerged. Jakub Porzycki | Nurphoto | Getty Images Embattled cryptocurrency exchange FTX owes its creditors north of $3 billion, according to a new filing over the weekend. A list of FTX’s top 50 unsecured creditors, which excludes their names and other identifiable information, shows that the largest of them all is owed more than $226 million. The second-biggest unsecured creditor is claiming over…

CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March – Bitcoin News

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According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group. Last March CME Group’s Terry Duffy Called SBF a ‘Fraud’ and Says He Was the Only One Besides ICE to Call ‘BS on These Clowns’ Terry Duffy, the chief executive officer of CME Group, the world’s…

Major Reveals From The FTX Bankruptcy Filing, What’s The Takeaway?

With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system. FTX filed for bankruptcy last week, but shocking revelations are now creeping out following its bankruptcy filing. A deeper examination of the crypto exchange disclosed that FTX operations have more than the eye could see with many coatings. FTX Inappropriate Governance Structures An examination of the FTX’s 30-page filing report indicates that the crypto exchange has inappropriate governance structures. A…

BTC Mining Farms are DUMPING on YOU and Ethereum Mining is getting CRAZY…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin mining farms make BTC anti-fragile, and thus more valuable, but miners are now dumping more Bitcoin than they’re even currently mining… and what’s going on with Ethereum mining in 2022?! Sub – Use code VCOIN15 to get a bonus 15% of your deposit with Margex – Because Bitcoin mining profitability right now is so much lower than it was last year, instead of mining and selling BTC some mining farms are mining energy credits instead. Riot Blockchain, a massive Bitcoin mining…

Does blockchain beat the ballot box?

In October, Greenland was reported to be exploring the feasibility of an online voting platform for its national elections. Among the options being considered is a blockchain-based system.  That isn’t entirely surprising. Electronic voting, or e-voting, has long been viewed as a promising use case for blockchain technology. “It’s time for online voting,” wrote Alex Tapscott in a New York Times opinion piece in 2018. “Using blockchain technology, online voting could boost voter participation and help restore the public’s trust in the electoral process and democracy.” It seems especially timely…

Polkadot (DOT ) Snags The No. 1 Spot In Dev’t Activity This Month

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Certainly a welcome change for those who work in crypto. Despite widespread doom and gloom, Polkadot native coin, DOT, has become the most discussed cryptocurrency in the community. Still, that’s not the end of the good news. A recent tweet by @PolkadotInsider explained how Polkadot has more active developers than Ethereum. This demonstrates the ecosystem’s widespread appeal within the cryptocurrency sector as Polkadot is able to secure the top top spot in terms of development activity this month. However, the question of whether or not DOT is a solid buy…

Billionaire Bill Ackman Touts Altcoins Helium (HNT) And DIMO

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Another billionaire shilling another shitcoin or a good advice on a legitimate crypto project with strong fundamentals? This is the question crypto investors are likely to ask about a recent thread about Helium (HNT) and DIMO by billionaire Bill Ackman. Ackman is an American billionaire, investor and CEO of Pershing Square Capital Management who has been rather critical of cryptocurrencies in the past. In his new Twitter thread, however, he does an about-face. “The telephone, the internet, and crypto share one thing in common. Each technology improves on the next…

Crypto Exchange Uniswap Says It Collects Users’ Public On-Chain Data

In its privacy policy, Uniswap Labs stated it uses user data to improve services and products offered by the company, stop fraudulent or illegal activity, solve potential security issues such as bugs and even provide the collected information collected as needed or requested by regulators, government entities and law enforcement to comply with applicable laws and regulations. Source

BTC Below $16,000 Amid Increased Market Volatility – Market Updates Bitcoin News

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Bitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. Hong Kong-based crypto ATM firm Genesis Block halted its operations, as it looks to stabilize its liquidity pool. Ethereum was also lower, as prices remained below $1,200. Bitcoin Bitcoin (BTC) slipped below $16,000 to start the week, as volatility in cryptocurrency markets continued to rise. Following a high of $16,590.42 on Sunday, BTC/USD dropped to an intraday low of $15,943.14 earlier today. The move pushed the…