CryptoExplorer
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πŸ“‰ FTX Token Crashes 85% In Minutes
Since the debate between CZ and SBF began, the price of FTT has been dropping sharply. FTT is trading at about $4, down 80.29% in the last 24 hours, per data from CoinMarketCap. πŸ”— Read more
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🏦 Bankman-Fried’s priority crypto bill β€˜dead’ after FTX sells to Binance
FTX CEO Sam Bankman-Fried’s priority bill is unlikely to pass before Congress ends in January, after FTX sold to Binance amid its token collapse. Bankman-Fried has spent millions on lobbying and political donations, and has been the industry’s most prominent voice in Washington, D.C. β€œIt’s dead. Dead, dead, dead, dead,” Messari CEO Ryan Selkis said. πŸ”— Read more
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πŸ“‰ Solana Ecosystem Imploding in Wake of FTX Collapse
The Solana ecosystem is suffering from the recent news and rumors of insolvency surrounding FTX and Alameda Research. SOL is down 45% at the time of writing. Data reveal that more than 8.8% of the token’s total supply may be unlocked and dumped on the market in a little more than 14 hours. πŸ”— Read more
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⚠️ BlockFi Pauses Withdrawals
BlockFi, a centralized entity that provides USD loans on crypto collateralization, has announced they’re pausing withdrawals. The company said they are β€œshocked and dismayed” by the events unfolding at FTX and Alameda. BlockFi is thought to have had exposure with a $400 million line of credit from FTX US. It is currently unclear whether FTX US will keep running, with the exchange announcing that β€œtrading may be halted in a few days.” β€œUntil there is further clarity, we are limiting platform activity, including pausing client withdrawals,” BlockFi said. πŸ”— Read more
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πŸ“° This Week In Crypto (45)
1. CPI numbers lower than expected
2. Massive Meta layoffs
3. FTX & SBF drama
4. BlockFi pauses withdrawals
5. Chainlink Labs offers proof-of-reserve service
CW44 (last week)
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❓Let's talk about DeFi & DEXes!
This week I'll be recording a bunch of quick shorts explaining some concepts and practice about Decentralised Finance!
If you want to participate, click on the link below and drop your questions on the comments section
πŸ”— Drop Your Questions
πŸ”— Check out DeFiLlama CEX Transparency
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πŸ›  Binance CEO Announces Industry Recovery Fund
An announcement from Binance CEO Changpeng Zhao has triggered an immediate rise in the price of Bitcoin and the overall crypto markets. Zhao says he’s forming an β€œindustry recovery fund” to support companies and projects that are struggling with liquidity in the aftermath of the collapse of FTX. Following this announcement, Bitcoin has rallied from a 24-hour low of $15,866 to a high of $16,910. πŸ”— Read more
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✍️ SBF tells New York Times that he 'could be worse'
Former FTX CEO Sam Bankman-Fried told the New York Times that he had numerous regrets over the collapse of the company. SBF says he’s been getting sleep and playing video games. He also said he was no longer in a romantic relationship with Alameda Research head Caroline Ellison, but declined to comment further. The New York Times said that he declined to discuss the prospect of prison time and declined to comment on his current location. πŸ”— Read more
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🀑 SBF continues to Tweet
SBF continues with his cryptic tweets and seems to be taking a strange view: https://twitter.com/SBF_FTX/status/1592567502911205377
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πŸ‡ΈπŸ‡» El Salvador to Start Buying 1 BTC / Day
El Salvador’s president took it to Twitter to announce that the country will resume its BTC buying spree as of tomorrow. Although 2022 has been a rough year for the crypto market, El Salvador seems determined to continue with its pro-bitcoin strategy. The country, which recently celebrated one year of adopting BTC as a legal tender, will begin purchasing one bitcoin per day as of tomorrow, said Nayib Bukele. πŸ”— Read more
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πŸ“Š Bitcoin Realized Price Drawdown
What is the average price people bought at and how far below can we go? Insights in chart. πŸ”— Source
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πŸ“° This Week In Crypto (46)
1
. CR7 NFT Collection
2. FTX hacker is 35th largest ETH Holder
3. SBF received $1B in personal loans from Alameda
4. Binance launches Industry Recovery Fund
5. Grayscale Refuses to Post Proof-of-Reserves
CW45 (last week)
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πŸ“Œ JPMorgan Chase Crypto Wallet Trademark Is Approved
JP Morgan has registered a trademark for a digital wallet and related cryptocurrency processing services. The trademark does not exclusively apply to crypto but can also be applied to other financial services. Currently, the company is using the trademark with a service that provides business subledgers. πŸ”— Read more
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πŸ“Š CoinMarketCap launches Proof-of-Reserve Tracker
CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform that gives users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the tracker details the total assets of the company, and its affiliated public wallet addresses, along with the balances, current price and values of the wallets. πŸ”— Read more
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πŸ—» Mt. Gox Bitcoin Awakened
Seven-year-old Bitcoin has been reawakened as a crypto wallet linked to the infamous Mt. Gox hack started moving currency. Around 10,000 BTC, worth an estimated $167 million, was moved to two unidentified recipients. 65 BTC were sent to HitBTC a few hours ago, so it doesn't seem to be a government auction or anything. πŸ”— Read more
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🀑 SBF Will Speak at Conference Alongside Ukraine President Zelensky & US Treasury Secretary Janet Yellen
FTX founder Sam Bankman-Fried will speak during the New York Times' annual DealBook Summit alongside Ukraine President Volodymyr Zelensky, US Treasury Secretary Janet Yellen, and Meta founder Mark Zuckerberg despite the ongoing investigation against his failed venture FTX. The full-day event, which will take place on November 30, will be hosted by Emmy Award-winning Andrew Ross Sorkin, the Times columnist and DealBook founder. πŸ”— Read more
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🦊 MetaMask Admits They Temporarily Store IP Addresses
β€œWe are not using IP addresses even if they are being temporarily stored, which they don’t need to be, as we’re not using them for anything” said Dan Finlay, MetaMask’s co-founder. That follows GDPR related revelations by ConsenSys, MetaMask’s parent company, that Infura will collect your IP address and ethereum address, which in effect links one to the other. Infura is a node infrastructure provider and acts as the default node of MetaMask. When those defaults are used therefore, MetaMask too will store your IP. πŸ”— Read more
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πŸ“° This Week In Crypto (47)
1. Biden calls for increased regulation
2. Mt. Gox Bitcoin Awakened
3. CMC launches PoR Tracker
4. Grayscale concerns still unclear
5. New York bans proof-of-work mining
CW46 (last week)
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