Author: admin
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Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices
On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and…
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Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time
Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars…
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Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador
Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will be working closely with Alchemy Pay on subsequent co-branded NFT launches.…
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Adopting Bitcoin: El Salvador Has Work To Do, But The Experiment Is Worth Celebrating
Visiting El Salvador for the Adopting Bitcoin conference showed that the country’s experiment needs more time, but is worth celebrating. This is an opinion editorial by Rikki, author and co-host of the “Bitcoin Italia,” and “Stupefatti” podcasts. He is one half of the Bitcoin Explorers, along with Laura, who chronicle Bitcoin adoption around the world,…
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Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High
Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high. Unus Sed…
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Paraguay Legislature Fails To Pass Bill Regulating Bitcoin Mining
The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners. The Paraguay legislature did not pass a bill that would have regulated cryptocurrency mining in the country. The bill, originally passed in July of 2022, was subsequently vetoed by President Mario Abdo Benítez in…
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Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to take blockchain gaming to mainstream audiences.…
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Ledger Announces New Ledger Stax Wallet
The company unveiled a new stylish hardware wallet designed by a former Apple engineer at a Paris event today. Bitcoin and cryptocurrency hardware wallet manufacturer Ledger has announced a new wallet designed by former Apple engineer Tony Fadell, named Ledger Stax. The wallet utilizes E ink technology on a small, rectangular wrap-around screen, similar in…
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Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout
Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin (BTC) was consolidating in today’s session,…
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Bitcoin App Strike Launches Instant, Cheap Remittances To Africa
People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittance payments in local currency through Bitcoin’s Lightning Network. Bitcoin payments app Strike said in a statement Tuesday that it had launched Send Globally, a new feature that lets U.S. users instantly and cheaply send money to Africa. “With exorbitant fees to transfer funds…