Day: March 18, 2023

SBF legal fees, BTC market cap flips Meta,USDC climbs back to $1

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Top Stories This Week Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees Sam Bankman-Fried (SBF) is seeking to use FTX’s corporate insurance policies to cover his legal expenses, according to a court filing on March 15. As per the filing, the policies provide “priority of payment” to insured individuals such as Bankman-Fried. The move would put the former CEO on top of the FTX payout list. Another headline shows that Bankman-Fried’s inner circle received $3.2 billion in payments and loans from FTX-linked entities. The amounts exclude over $240…

Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains – Bitcoin News

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At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time low, and five major banks have received bailouts. An ounce of fine silver also increased in value, rising more than 12% from $20.01 to $22.59 per ounce this week. Gold and Silver Prices Surge Amid…

Ethereum 2.0: Az átállás, azaz a Merge!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Az Ethereum fejlesztői már 2020 óta ígérik, hogy útjára indítják az Ethereum 2.0-át, amikor viszont elértük az általuk kitűzött … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Turkish bank wants to take control of Stablex, a crypto trading platform

Ak Investment, one of Akbank’s wholly owned subsidiaries, has officially applied to partner with Stablex, a crypto exchange. Akbank’s interest in crypto Ak Investment owns 100% of the company shares. Their recent partnership with Binance cemented its exploration and interests in crypto as the duo embarks on direct Turkish Lira transfers. According to DUNYA, a subsidiary of Akbank, Turkey’s second largest private bank, has applied to the govenment to become the main shareholder of the crypto trading platform Stablex. The majority of cryptocurrency companies in Turkey currently work with Akbank.… https://t.co/Q2DmP2seFZ —…

What are distributed systems, and how do they work?

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For distributed systems to function, a task must be divided into smaller subtasks and spread over several nodes or computers in a network. These nodes or computers then communicate and cooperate to finish the task. The following four steps provide a brief overview of how distributed systems operate: Decentralized components A distributed system comprises numerous parts or nodes spread over various real or virtual places. These parts can communicate with one another across a network to accomplish a single objective. Communication A distributed system’s components can communicate with one another…

Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos – Economics Bitcoin News

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Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the country’s central bank. Musk insists that the U.S. Federal Reserve is operating with “way too much latency in their data,” and he insists that the central bank needs to drop the federal funds rate “immediately.” Musk’s Criticism of the Federal Reserve’s Data Latency; Study Shows 186 U.S. Banks Suffer From Financial Risks In the last week, three major U.S. banks collapsed, First Republic Bank was bailed out,…

Binance’s response to U.S. Senators lacks financial information: Report

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Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet.  According to a report on March 18, Binance’s response did not include the financial data requested. Bloomberg learned from an anonymous source that despite being omitted from the letter, the exchange sent the information to U.S. regulators. In the 14-page document, Binance chief strategy officer Patrick Hillman dives into the exchange’s compliance history, recognizing previous mistakes and claiming the firm has built solid Know…

Bitcoin traders greedy, Fear and Greed Index at a 16-month high

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The Bitcoin Fear and Greed Index is at a 16-month high, rising to 64, as traders appear to be optimistic of the coin’s prospects. Bitcoin traders are greedy According to the index’s reading on Mar. 18, it appears that traders are “greedy” and looking to buy more coins and ride the march higher. The shift in sentiment follows the exemplary performance of bitcoin (BTC) in the past few trading days. Fear and Greed Index The Fear and Greed Index is a crypto sentiment indicator that traders and investors closely follow. Unlike other…