Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled.
Crypto traders say that bears are in complete control. Bitcoin can drop to $13,000 and altcoins can correct another 50% from the current levels.
Charlie Munger remains unapologetically skeptical about crypto, especially with the recent happenings around the collapse of the crypto exchange FTX.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
Bitcoin is in free fall and trading at around $16,700. A short-term squeeze is expected as institutional investors jump in to buy the dip.
To encourage this initiative, users who make payments in BTC on all footlongs, and meatball marinaras would have a 10% discount.
Stakeholders in the crypto ecosystem notably injected funds into keeping the candidates of their choice seen in these midterm elections.
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
The market is shaky at the moment as investors appear to be panic-selling their digital assets already.
According to Riot, the decline in revenue is largely attributed to the market pullback of Bitcoin coupled with some measures triggered to meet the rising energy crisis in Texas.
The hacker used a “sophisticated scheme” to steal Bitcoins from the Silk Road. He crated nine fraudulent accounts to siphon off money from the darknet marketplace.
Iris Energy says it would not financially support its affected SPVs under current terms and could default on its loan notice.
The Bitcoin Open Interest statistics also depicted strong puts at $10,000, $15,000, and $16,000.
In contrast to MicroStrategy’s belief that there is no alternative to Bitcoin, the Blockchain Center believes that other cryptocurrencies perform better than that top crypto asset.