Day: December 21, 2022

Sam Bankman-Fried is on the way to airport for extradition: Report

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Former FTX CEO Sam “SBF” Bankman-Fried, who has been in the custody of Bahamian authorities, is reportedly on the way to the airport where he will be handed over to U.S. authorities and flown to New York.  It comes after Bankman-Fried reportedly appeared in a hearing of the Bahamas Magistrate Court on Dec. 21 — the third since his arrest — where he waived his right to a formal extradition process that could have taken weeks. Officials from the U.S. Embassy, Federal Bureau of Investigation and U.S. Marshals Service were reportedly…

ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains – Market Updates Bitcoin News

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Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news, as it extended recent gains. Ethereum Classic (ETC) Ethereum classic (ETC) rose for a second straight day on Wednesday, as markets responded to better-than-expected U.S. consumer confidence data. Today’s figures, which were initially expected to come in at 101, came in higher than anticipated, with a…

MicroStrategy Bought Bitcoin To Avoid Liquidation, Peter Schiff Reveals

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Bitcoin detractor and economist Peter Schiff has taken another swipe at the digital asset and MicroStrategy, a public company that is heavily invested in the digital asset. Schiff has always been vocal about his disdain for bitcoin and has now turned his attention to MicroStrategy and its former CEO, Michael Saylor. Why MicroStrategy Bought Bitcoin In a tweet, Peter Schiff revealed to his more than 890,000 Twitter followers what he says was the real reason behind Michael Saylor and MicroStrategy’s move to begin investing in bitcoin. According to Schiff, former…

A beginner’s guide to NBA Top Shot NFTs

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NBA Top Shot is a nonfungible token (NFT) marketplace that enables basketball fans to buy, sell and trade NBA-themed digital collectibles. These collectibles are “Moments” — NFTs of NBA video clips and digital art — available per their degree of rarity. In other words, users can trade NFTs that feature anything from a winning three-pointe from Luka Dončić to a dunk from Lebron James, depending on their availability. A NBA Top Shot Moment listing example. Source: Official Website The concept is akin to traditional sports collectible where fans attempt to acquire…

How Exchanges Can Be Free of Risk

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Although most equities and traditional commodities today are not primarily represented on blockchains, a few are, such as by the Swiss exchange Sixth. In this system, however, to address settlement and custody risk all assets traded are held on blockchains. For instance, when the pair being traded is bitcoin against dollars, bitcoin is, of course, already on a blockchain and dollars would be on a dollar stablecoin blockchain. As part of the process of submitting a bid or ask, the asset is transferred to a wallet on the native blockchain…