You Can Forget About Crypto Now

You Can Forget About Crypto Now

When I spoke with Sam Bankman-Fried three weeks ago, he was crypto’s golden boy. Worth about $15 billion, this quirky 30-year-old led one of the industry’s largest empires. Over the past few years, he’s palled around with Bill Clinton, graced the cover of Fortune magazine, and turned himself into a three-letter initialism: SBF. Toward the end of our rambling,…

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What is spot trading in crypto and how does it work?

What is spot trading in crypto and how does it work?

Since their inception, cryptocurrencies have seen rapid growth and widespread market adoption, as evidenced by the assets tied to crypto assets that have started to appear in the portfolios and trading methods of numerous asset managers. The process of purchasing and selling cryptocurrencies to profit is known as cryptocurrency trading. Trading in cryptocurrencies can be defined in terms of its objective,…

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Bitcoin drops to lowest in more than a week, ether slides as FTX collapse ripples through crypto market

Bitcoin drops to lowest in more than a week, ether slides as FTX collapse ripples through crypto market

KEY POINTS Bitcoin fell to a week-and-a-half low on Monday and other major cryptocurrencies fell sharply, as the impact from the dramatic collapse of FTX continues to ripple through the market. The cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light. Bitcoin dropped to a…

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Who’s snitching on the big crypto group chat?

Who’s snitching on the big crypto group chat?

I have been somewhat unsure of what to make about The Wall Street Journal and The New York Times’ reports about text messages, sent on Signal, between rivals Changpeng “CZ” Zhao and Sam Bankman-Fried around the time FTX went up in smoke. That’s because I am not entirely sure who leaked them or who stands to benefit. But I’m pretty sure someone leaked to…

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Crypto exchange Bitfront shuts down

Crypto exchange Bitfront shuts down

NOVEMBER 28 (Reuters) – US-based cryptocurrency exchange Bitfront, backed by Japanese social networking site LINE Corp, has announced a new loan despite efforts to overcome rapidly changing challenges. It has suspended card registrations and payments and announced it will cease operations in the coming months. industry. “However, despite our efforts, unfortunately, we have decided that…

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Brazil Legalizes Crypto as a Method of Payment

Brazil Legalizes Crypto as a Method of Payment

Although Brazil has not defined bitcoin as legal tender, it has: It has passed laws legalizing cryptocurrencies as legal tender throughout the country, tightening regulation on the adoption of digital currencies, and expanding the ecosystem. The Brazilian House of Representatives has approved a regulatory framework that legalizes the use of cryptocurrencies as a means of…

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