Tag: Report

Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

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On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX. Contagion is the word on everyone’s…

What Exchange Absorbed FTX Trading Volume? Report Answers

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In the wake of the FTX collapse, formerly the second-largest exchange in the world, its competitors are taking over its trading volume and market share. The nascent sector is still suffering the consequences of recent events; many crypto companies filed for bankruptcy or are in the process of raising emergency liquidity.  The FTX’s fallout is taking its toll on the crypto market. Bitcoin, Ethereum, and other more prominent cryptocurrencies are trading in losses. No digital assets escaped the bloodbath recorded by the sector in the previous week.  BNB’s price trends…

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…

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…

Kenya Proposes Bill to Tax Crypto: Report

The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto investors in Kenya would have to pay capital gains tax to the Kenya Revenue Authority when they sell or use their crypto in a transaction, and the bill would also require investors to inform the Capital Markets Authority – the government’s financial regulator – on the details of their crypto ownership. Source

FTX Japan Preparing to Allow Withdrawals by Year End: Report

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Singapore police warn investors against FTX phishing scams: Report

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The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX.  On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX users to log in with their account credentials, local news agency Channel News Asia reported. The website, which was not identified, targets local investors affected by the FTX collapse, claiming that customers “would be able to withdraw their funds…

Crypto Exchange FTX Fires 3 Top Executives, Report Reveals – Exchanges Bitcoin News

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Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management Lose Their Jobs, Spokesperson Quoted Troubled cryptocurrency exchange FTX has fired three of its top executives, according to a report by the Wall Street Journal on Friday, citing an FTX spokeswoman. One of the high-ranking managers that has been released from duties is co-founder Gary…

TRON Total Number Of Accounts Hit 120 Million: Weekly Report

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TRON, the native cryptocurrency of the blockchain network bearing the same name, continues to struggle as it fails to break free from its bearish momentum. According to tracking from Coingecko, the 16th largest cryptocurrency in terms of market capitalization is trading at $0.050 at the time of this writing. For the past seven days, the altcoin has dropped by almost 10% while over the last two weeks its value has declined by 20.2%. On a month-to-date gauge, the digital asset has dumped 17.8% of its spot trading price, painting its…