Day: November 22, 2022

Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion

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In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background.  Avishek Das | Lightrocket | Getty Images FTX’s vast web of entities had a total of around $1.24 billion in cash balances as of Nov. 20, according to a new court filing out late Monday. The filing was penned by Alvarez & Marsal North America, which is advising FTX on restructuring efforts after the exchange filed for bankruptcy protection earlier this month. Edgar Mosley, managing director at Alvarez & Marsal North…

Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?

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Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse. LTC price outperforms BTC, ET The 2011-born altcoin rallied nearly 16% month-to-date (MTD) to reach $62.75 on Nov. 22, outperforming its top rivals, Bitcoin (BTC) and Ether (ETH), which lo approximately 25% and 30%, respectively, in the same period. LTC/USD daily price chart. Source: TradingView Furthermore, the LTC/BTC price also rallied to new heights, gaining 50% in November to establish a new yearly high of 0.003970 BTC on…

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils – Exchanges Bitcoin News

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Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder and CEO Sam Bankman-Fried (SBF), and top executives of the insolvent cryptocurrency exchange have bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, Reuters reported, citing property…

Unique Web3 tech primed to democratize Internet of Things industry

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We live in houses that are capable of monitoring and controlling a wide range of internal processes — from heating and cooling to security and surveillance mechanisms. Our cars keep track of external conditions and are well on their way to driving themselves. Our phones are constantly gathering valuable data and recording our activities — both on our devices and in real life. Smart homes, smart cars, smartphones — all of these and much more are part of the rapidly expanding Internet of Things (IoT), which serves as the foundation…

🔴Crypto News Today Hindi | Crypto Market & Bitcoin Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🔴Crypto News Today Hindi | Crypto Market & Bitcoin Update| Bank of Russia agrees to legalize crypto for cross-border payment Join Telegram Channel For Daily Updates👇 Twitter👇 Topics Covered: 1) crypto market latest news 2) crypto market update 3) Bitcoin Update 4) Bitcoin News Today 5) Bitcoin Price Prediction 6) when crypto market will go up 7) cryptocurrency bill India update 8) bitcoin next move 9) latest cryptocurrency news 10) bitcoin dump 11) Crypto News Today 12) crypto news Hindi latest 13)…

Bitcoin Holders Under Fire As The Price Continues To Sink

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The situation in the Bitcoin and crypto market has continued to follow a downward trend. Prices of most crypto assets are maintaining a southward movement over the past weeks. The collapse of FTX is still spinning the wheels negatively as the contagion spreads. Glassnode, a blockchain analytics company, reports more doubts about the crypto market. On November 21, the firm concluded its ‘Week on-chain’ report and disclosed the impact of the market crisis on Bitcoin holders. In its report, the firm checked the total increase in the Mean Inflow Volume…

ETH Slips Below  $1,100 Ahead of FOMC Minutes Report – Market Updates Bitcoin News

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Ethereum fell below $1,100 on Nov. 22, ahead of tomorrow’s much anticipated United States Federal Open Market Committee (FOMC) minutes release. Many are looking toward this report for hints from the U.S. Federal Reserve, in terms of when it could pivot from current policy. Bitcoin was also lower, hitting a key support point in the process. Bitcoin Bitcoin (BTC) continued to trade lower on Tuesday, as crypto markets were nervy ahead of Wednesday’s FOMC minutes release. BTC/USD fell to a low of $15,599.05 in today’s session, which comes less than…

Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

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Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22. Cointelegraph attended a preliminary court hearing at the Palace of Justice in ’s-Hertogenbosch, which outlined the basis of the case against Pertsev after 103 days in custody. The prosecution outlined a broad overview of its investigation, painting Pertsev as a central figure in Tornado Cash’s operation before Advocate WK Cheng delivered his first defensive argument. Cheng highlighted several points outlining Tornado Cash’s use cases and…

Litecoin (LTC) Defends $60 As Altcoins Suffer; Here Are Levels To Watch

 LTC’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $60.   LTC’s price continues to look strong despite bearish market sentiments, as things look uncertain for most traders and investors.  LTC’s price looks strong and continues to hold above the daily 50 Exponential Moving Average (EMA). The price action displayed by Litecoin (LTC) has been a joy to watch, holding up nicely above the daily range price channel it has formed in the last few weeks despite the…