Month: May 2023

FTX Founder Sam Bankman-Fried’s Ties to George Santos Are a Thread in a Web of Lies

This information was puzzling when it first emerged – Santos had no clear connection to FTX, and no apparent interest in crypto or any other issues Bankman-Fried feigned concern about. According to Puck News, though, the explanation for the Santos connection is relatively straightforward. Salame’s girlfriend, Michelle Bond, former CEO of the FTX-backed crypto trade group Association for Digital Asset Markets, ran for Congress in 2022 as a MAGA Republican, in a district near Santos’. Source

President Biden announces nominations for key positions at Federal Reserve

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United States President Joe Biden has announced his nomination of two people for key positions on the Federal Reserve, including a new Fed governor and economist Philip Jefferson as vice chair. In a May 12 notice from the White House, President Biden said he would put forward Fed governor Philip Jefferson’s name to become the next vice chair of the central bank, replacing Lael Brainard, who resigned in February. The U.S. President added that Adriana Kugler, a former chief economist for the U.S. Department of Labor, was his pick for…

Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Bitcoin (BTC) extended its decline on May 12 but analyst Philip Swift, co-founder of trading suite DecenTrader and creator of data resource LookIntoBitcoin, does not expect a deep correction. He said it was “interesting to note that the long/short ratio has been climbing as price has trended down.” One of the reasons that is keeping analysts bullish is Bitcoin’s halving, which has followed a set cycle till now and analysts expect…

Lisk Foundation to sell 1,000 bitcoin for ethereum over 2.5 months

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Lisk Foundation, led by co-founder and CEO Max Kordek, will convert 1,000 bitcoin (BTC) to ethereum (ETH) over the next 10 weeks.  Lisk to convert 1,000 BTC In a tweet on May 11, the CEO said the decision is to  minimize risks associated with third parties. As such, the Lisk Foundation will be selling 100 BTC every week for the next two and a half months. The Lisk Foundation is exchanging 1000 BTC into ETH…

Florida governor signs CBDC bill into law, restricting some uses of US and foreign CBDCs

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Florida Governor Ron DeSantis signed a bill restricting the use of central bank digital currencies (CBDCs) in the state, according to local news sources. The governor urged state lawmakers in March to draft the bill.  The new law prohibits the use of a United States federal CBDC “as money within Florida’s Uniform Commercial Code (UCC).” It also bans the use of CBDCs issued by foreign governments and calls on other states to use their commercial codes to institute similar prohibitions. At the signing ceremony for the bill, DeSantis said he…

Bitcoin falls 10%, crashing below $27,000 as bears press on

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC), the leading cryptocurrency, is weak at spot rates, dropping about 10% in the past trading week. Experts suggest that bitcoin’s weakness could continue as some altcoins outperform the legacy coin. BTC price to dip lower? Currently, the cryptocurrency market is on edge as bitcoin struggles and upward momentum fizzles. Bitcoin’s recent decline from a high of $31,000, registered in April 2023; to its current level of just above $26,000 is raising concern, especially among…

bitcoin, ethereum, XRP, and altcoins bracing for weekend downturn

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC), ethereum (ETH), ripple (XRP), and other top 10 coins by market cap are down, sliding from recent peaks. Coins may post even more losses over the weekend. Cryptocurrency prices are struggling to regain momentum as the market grapples with several challenges, such as diminished liquidity, increased regulatory scrutiny in the United States, and macroeconomic headwinds. Cryptocurrency prices by market cap | Source: CoinGecko Bitcoin As the crypto market heads for a looming downturn, bitcoin experienced…

Musk Tweets a Milady Meme, Access to Ordinals NFTs Is Opening Up

This week, Ordinals moved further into the mainstream after leading cryptocurrency exchange Binance announced that it would soon add support for the Bitcoin-based non-fungible tokens (NFTs) in its marketplace. Meanwhile, Miladys, the eerie, wide-eyed NFT project that has spawned a cult following, saw a brief spike in its floor price after Elon Musk tweeted out a meme featuring an avatar from the collection. Source

SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO – Market Updates Bitcoin News

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Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today. Shiba Inu (SHIB) Shiba inu (SHIB) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO. Musk, who acquired the social media company last year, has been at…