Author: e_cash_top

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[ad_1] November 2022 was one of the worst months for the two most popular cryptocurrencies — Bitcoin (BTC) and Ethereum (ETH). November was Bitcoin’s second worse month in 2022 According to CryptoSlate data, Bitcoin lost roughly 18% of its value in the past 30 days — making November the second-worst month for the year and…

BlackRock lost $24M in FTX collapse

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[ad_1] BlackRock‘s CEO Larry Fink revealed that the asset manager had invested $24 million in FTX, which it considers lost. Fink added that the investment was small and not part of Blackrock’s core business. Fink confirmed the loss on Nov. 30 during an interview with New York Times columnist Andrew Sorkin. BlackRock was misled? After…

CFTC Chair Rostin Behnam snubs Ethereum, claims only Bitcoin is a commodity

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in Uncategorized

[ad_1] Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam said the only cryptocurrency that should be classified as a commodity is Bitcoin. Behnam made the comment during a private crypto event at Princeton University. Under the context of the FTX collapse, Behnam took the opportunity to argue for appropriate legislation to counter the pitfalls of…

SBF shifts blame to Alameda, claims ‘I didn’t knowingly commingle funds’

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[ad_1] Speaking live at the New York Times Dealbook event, Sam Bankman-Fried declared that he did not “knowingly commingle funds.” “I was surprised just how big Alameda’s position was… I wasn’t trying to commingle funds.” When asked how he can accept the difference between his prior statement on Twitter that the issue with FTX came…

Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

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[ad_1] The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC), Brazil approving a bill to recognize Bitcoin as a payment method, and Animoca Brands launching $2 billion fund to invest in Metaverse.…

Cardano’s explosive DeFi growth | Twitter Spaces with Muesliswap

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[ad_1] Cardano blockchain data shows explosive development activity and a 90% steady increase in active addresses. Despite the explosive growth failing to reflect across ADA prices, over 1,146 projects are building on top of the blockchain. Whereas the Twitter space was meant to celebrate Muesliswap’s birthday, the platform called upon top Cardano projects to discuss…

ECB calls out BTC stability as market manipulation

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[ad_1] According to a newly released report by the ECB, Bitcoin is in the final stages of becoming irrelevant due to its many shortcomings. The report stated that Bitcoin’s value stems from mere speculation, and its recent stability was the result of price manipulation. Despite being touted as a revolutionary payment system and an investment…

Bitcoin’s 1.7% inflation rate performs better than the Fed’s 2% target

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in Uncategorized

[ad_1] The Bitcoin inflation rate fell from 50% in 2011 to 4% in 2020 prior to the halving and now stands at 1.7%, a figure way below the U.S. Federal Reserve’s monetary inflation rate target of 2%. While the rate demonstrates Bitcoin’s rapid and mainstream adoption, the digital currency’s fundamentals have remained unaffected by 2022’s…

SilverGate CEO says “This type of volatility is not new to us,” as crypto market continues to struggle

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[ad_1] Silvergate Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry which is based in La Jolla, California. Learn More Info Twitter LinkedIn [ad_2] Source link

Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov

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