Crypto Biz: Institutions Short Bitcoin As SBF Is ‘Deeply Sorry’ for FTX Collapse
The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?
Binance Releases Proof of Reserves Showing 101% Backing for $9.5B in Bitcoin Deposits
Binance, the world’s largest Centralized Exchange (CEX), has published its Proof of Reserves showing that customers’ bitcoin balances are backed on-chain at a more than one-to-one ratio.
Man Who Bought Bitcoin At $1 Believes BTC Price Is Ultimately Headed For $100,000
Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that Bitcoin’s price will grow by ten times in the next bull run but warns it could plunge further before then.
Most Americans Turn Extremely Bearish on Bitcoin
The survey shows that the average American is turning more bearish on Bitcoin amid the collapse of the FTX exchange. In October, U.S. adults predicted that the price of the leading cryptocurrency would be able to remain above the $15,000 level. When it comes to those survey participants who own cryptocurrencies, they are predictably more optimistic. Crypto holders are convinced that Bitcoin will be trading at the $17,500 level in six months.
Bitcoin Futures Market Now Flashing Historically Bullish Signal, According to Crypto Analytics Firm IntoTheBlock
A leading analytics firm says that the Bitcoin (BTC) futures market is flashing a reading that has previously marked market bottoms.
Bitcoin Mining Revenue Lowest in Two Years, Hash Rate on the Decline
The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500.
Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies
In response to multiple requests for clarification from citizens and businesses, Belgium’s Financial Services and Markets Authority (<a href="https://www.fsma.be/en" target="_blank">FSMA</a>) has explained why it believes bitcoin, ether and other similar cryptocurrencies cannot be considered securities or investment instruments.
Crypto Policies and Regulatory Frameworks in EU and US
Crypto regulation is good for the market. The spearheads in this endeavor are the USA and the EU, which have proposed different policies and regulatory frameworks.
Private Key and Seed Phrase – What’s the Difference?
Private keys and seed phrases serve the same purpose, which is to grant you access to a wallet, but they are not technically the same thing and are created differently.
A Song of Bitcoin and Ethereum: Predictions for Crypto in 2030
Winter is here and, when faced with its own mortality, crypto must say: not today
