Day: February 20, 2023

Composable Finance CEO denies legal violations as CTO steps down

The CEO of Composable Finance has vigorously refuted allegations of legal improprieties at his decentralized finance (DeFi) infrastructure platform, which was being aired by the firm’s former CTO Karel Kubat.  In a Feb. 20 Twitter post, Composable Finance’s now-former CTO Karel Kubat announced he had stepped down from the firm. He also leveled a number of accusations aimed at his former company and its CEO.  In Kubat’s post, the CTO said that he is resigning because the firm has not provided financial statements to him or the community and because he…

Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’ – Featured Bitcoin News

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Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operating the fund both financially and culturally,” the fund’s co-founder told investors. Crypto Hedge Fund Shuts Down Due to FTX Collapse Crypto hedge fund Galois Capital is shutting down as nearly half of its assets are trapped on FTX, the collapsed cryptocurrency exchange which filed for bankruptcy in November last year. “Galois Capital is a…

Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes

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Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong, as the Chinese special administrative region considers new licensing and regulatory moves that would allow them to serve retail customers. The new framework, which requires crypto exchanges to register with the Hong Kong Securities and Futures Commission (SFC), would allow the exchange to expand its services to the city. Huobi also plans to open a new exchange named Huobi Hong Kong that would concentrate on institutional and high-net-worth individuals, according to a tweet thread by Justin Sun. The SFC has…

Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar – Economics Bitcoin News

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Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing against the dollar.” Schectman believes that since 2022, de-dollarization “seems to be spinning much, much faster.” De-Dollarization and CBDCs: Monetary Historian Suggests a Great Reset Is Imminent In an interview published on Feb. 16, 2023, Miles Franklin executive Andy Schectman discussed his economic predictions with Michelle Makori, the lead anchor and editor-in-chief at Kitco News. Schectman expects a…

Modular blockchains could be the next hot crypto market trend in 2023

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The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to solve is a decentralized and secure interoperable solution. Let’s take Ethereum (ETH) to Bitcoin (BTC), the largest blockchain network, for example. Till today, centralized exchanges are the only viable solution for shifting from one chain to another. A centralized solution provider, BitGo, provides the largest pool of liquidity for Ethereum users to gain BTC exposure via Wrapped Bitcoin (WBTC). The…

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

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A report from the Bank for International Settlements (BIS) suggests that trading activity on major exchanges increased in the days following the collapse of crypto firms FTX and Terraform Labs. In a Feb. 20 bulletin on “crypto shocks and retail losses,” the BIS reports that while the price of Bitcoin (BTC), Ether (ETH) and other currencies dropped in 2022, the number of daily active users at some exchanges including Coinbase and Binance “increased markedly” following news of the collapse of Terra and FTX. The bank suggested that “users tried to weather…

Bitcoin Update: Cryptocurrency Market is setting up for MASSIVE GAINS in 2023. Most don’t see it!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, I discuss Bitcoin Crypto and other Cryptocurrencies such as Chiliz and Microstrategy, Grayscale Bitcoin, and the assets to pay attention to get an idea of where the market is REALLY heading. Most are blind, and DON”T see it. Thanks for watching. Please donate to support me to keep making videos. This channel will not accept offers from crypto companies to shill any cryptocurrency or product. This YouTube Channel, “Love it, Kill it @ Crypto,” will not receive outside promotions,…