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Weekly overview

Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar. Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street…

Continue ReadingBitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

Report: Tether freezes $46M of FTX’s USDT, setting new precedent

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. According to blockchain transaction data provided by WhaleAlert on Nov. 10, Tether appears…

Continue ReadingReport: Tether freezes $46M of FTX’s USDT, setting new precedent

Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events. In one of his first…

Continue ReadingSam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’

Binance shares wallet addresses and activity after proof-of-reserve pledge

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity. In…

Continue ReadingBinance shares wallet addresses and activity after proof-of-reserve pledge

Maintaining decentralization: Are custody services a threat to DeFi protocols?

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge. Decentralization is part of the cryptocurrency industry’s core, with various protocols trying…

Continue ReadingMaintaining decentralization: Are custody services a threat to DeFi protocols?

Claims and rumors fuel crypto market turmoil amid FTX collapse

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

A report from Reuters claimed that FTX had used some of its customer deposits to support Alameda Research. While information leaks and unconfirmed reports can be a way for the…

Continue ReadingClaims and rumors fuel crypto market turmoil amid FTX collapse

Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Tether follows Tron’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research. Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin…

Continue ReadingAnalysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
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