Bitcoin

Understanding Decentralized Money Markets - The Role of Bitcoin - AppleMagazine

Understanding Decentralized Money Markets – The Role of Bitcoin – AppleMagazine

There are centralized money markets and decentralized money markets. Thus, a decentralized money market operates without a central legal authority or financial institution. Thus, the decentralized money market only allows the initial user of an account to withdraw money deposited by lenders and borrowers. Additionally, a healthy economy should be able to put idle capital …

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Crypto Biz: Institutions Short Bitcoin as SBF 'Deeply Sorry' for FTX Collapse

Crypto Biz: Institutions Short Bitcoin as SBF ‘Deeply Sorry’ for FTX Collapse

FTX’s monumental collapse will go down as one of the greatest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX wrote a letter to his former employees outlining his role in the company’s bankruptcy. “I never wanted this to happen,” he wrote. …

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A retest of $15.5,000 is more likely, according to Bitcoin futures and options

A retest of $15.5,000 is more likely, according to Bitcoin futures and options

Bitcoin (BTC) has been trading near $16,500 since Nov. 23, recovering from a drop to $15,500 as investors feared the impending insolvency of Genesis Global, a crypto lending and trending firm. change. Genesis said Nov. 16 that it would “temporarily suspend takeovers and new lending in the lending industry.” After causing initial chaos in the …

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DCG's Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

DCG’s Barry Silbert Reveals Crypto Firm Is $2 Billion In Debt As He Tries To Calm Investors After FTX

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in an attempt to calm investors’ nerves after the sudden collapse of FTX. In a note to shareholders Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale …

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Here's the apology letter Sam Bankman-Fried sent to FTX employees: "When shitty things happen to us, we all tend to make irrational decisions"

Here’s the apology letter Sam Bankman-Fried sent to FTX employees: “When shitty things happen to us, we all tend to make irrational decisions”

Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China on Tuesday, May 11, 2021. Lam Yık | Bloomberg | Getty Images Former FTX CEO Sam Bankman-Fried blamed his “irrational decisions” on “sh—y” circumstances in a letter obtained by CNBC that was sent to employees of the bankrupt crypto exchange. Bankman-Fried said he “frozen …

Here’s the apology letter Sam Bankman-Fried sent to FTX employees: “When shitty things happen to us, we all tend to make irrational decisions” Read More »

Bitcoin, Ethereum, Dogecoin Spike - Analyst Says "Good Chance to See BTC Peak Here" - Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Bitcoin, Ethereum, Dogecoin Spike – Analyst Says “Good Chance to See BTC Peak Here” – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

The major coins were seen rising on Tuesday evening as the global cryptocurrency market capitalization rose 2% to $804.9 billion as of 8:33 p.m. EST. Price performance of major coins Piece of money 24 hours 7 days Price Bitcoin BTC/USD 2.3% -3.8% $16,193.39 Ethereum ETH/USD 2.4% -ten% $1,131.27 Dogecoin DOGE/USD 4.1% -9.75% $0.08 Top 24 …

Bitcoin, Ethereum, Dogecoin Spike – Analyst Says “Good Chance to See BTC Peak Here” – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD) Read More »

Bitcoin Falls as Another Leader Wavers;  This superior fund buys

Bitcoin Falls as Another Leader Wavers; This superior fund buys

Bitcoin briefly hit a new two-year low on Monday and fell below $15,500 in the afternoon as worsening liquidity issues raised cryptocurrency concerns following the FTX crash. by Sam Bankman-Fried. Unconfirmed social media chatter Over the weekend, crypto industry sources, including a unit of the Digital Currency Group, questioned whether the venture capital giant could …

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Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Hackers begin laundering part of $477 million stolen from crypto exchange FTX

Hackers who stole an estimated $477 million worth of cryptocurrency from collapsed FTX exchange began laundering the funds in bitcoins. This month, after FTX filed for bankruptcy, new CEO John Ray III said that “unauthorized access to certain assets has occurred.” Blockchain analytics firm Elliptic estimates that around $477 million worth of cryptocurrency was stolen …

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