FTX will be the last giant to fall this cycle: Hedge fund co-founder
This bear market has seen the collapse of Celsius, Three Arrows Capital, Voyager, and now FTX, but the worst is likely over, a hedge fund executive suggests.
This bear market has seen the collapse of Celsius, Three Arrows Capital, Voyager, and now FTX, but the worst is likely over, a hedge fund executive suggests.
I have an OLD token where etherscan still displays the current value of my token holdings at $175,000+. It is transferrable meaning I can send it to friends or family as a joke. I could also sell it as an "NFT-like" thing by doing a P2P transaction. I've read that I could create a uniswap…
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With recent concerns about Binance and everyone talking about withdrawing to cold storage/hot wallet – I thought it was important to make sure everyone is aware of the difference between withdrawing in a native chain verse a Binance-wrapped token. Binance sneakily encourages all users to withdrawal their crypto into the BNB ecosystem by making transfer…
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El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his country will buy one […]
Since the bitcoin price decline began, El Salvador and its president Nayib Bukele have basically been put under a microscope. The country’s bitcoin plan had seen it buy more than 2,300 BTC but the bear market had wiped a significant portion of the value from their holdings. Nevertheless, Bukele has not backed down on his stance that bitcoin would be good for the country’s future and said El Salvador will continue to buy bitcoin. 1 Bitcoin A Day Despite more than $60 million in value being wiped off the El Salvador bitcoin holdings, Nayib Bukele says the country is going to continue buying BTC. In a recent tweet, the president explained that there is a new strategy for accumulating bitcoin for the country. Related Reading: SHIB, XRP Show Strength As Crypto Market Begins Recovery According to him, El Salvador is going to start buying 1 bitcoin a day. As for when this will begin, the president explained that it will go into effect on Friday, Nov. 18. There was no timeline for how long this will run for in the tweet. We are buying one #Bitcoin every day starting tomorrow. — Nayib Bukele (@nayibbukele) November 17, 2022 Bukele received support from Tron founder Justin Sun who said that TRON DAO would also follow in El Salvador’s bitcoin and buy 1 BTC every day starting from Friday. We echo @nayibbukele’s initiative in buying #Bitcoin daily. We will also buy one #Bitcoin everyday starting tomorrow! @trondaoreserve @trondao https://t.co/cRqfBIPKGR — H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 17, 2022 At such rates, the buying spree would quickly increase El Salvador’s bitcoin holdings which currently sit at 2,381 BTC as of the time of this writing. The country has also completed one year of BTC being legal tender despite mixed reactions from residents toward this. BTC trending in the mid $16,000s | Source: BTCUSD on TradingView.com El Salvador has been put in an unstable position following its decision to hold BTC as part of its treasury. The country which is already stressed with debt recently received an offer from China to buy off this debt, but Bukele explained that the country continues to tread carefully. “We are not going to sell to the first bidder,” he added. As for where the country stores its Bitcoin, the president has dismissed rumors that it held its BTC on the now-bankrupt FTX exchange. This was confirmed by Binance CEO Changpeng Zhao who posted on Twitter that he had spoken to the president and that El Salvador has no business with FTX. Related Reading: Bearish Signal: Bitcoin Miners Dump 7,700 BTC In One Week Presently, the value of El Salvador’s bitcoin is sitting at $41 million with an unrealized loss of more than $65 million. The country has not shown any indication that it plans to sell, and its holdings could cross 3,000 BTC if it continues its 1 BTC purchases until the next bull market. Featured image from Forbes, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move. Still, there have been some great price movements by these top 4 altcoins lately despite the uncertainty surrounding the crypto market, leading to much fear about where the market could be headed. (Data from Binance) Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and invest only what you can afford to lose. Related Reading: Bitcoin Long-Term Holders Face Major Financial Stress Top 4 Altcoins- Trustwallet Token (TWT) Price Analysis On The Daily Chart The past few days have been filled with so much turbulence in the crypto space as many altcoins have struggled to show strength after losing their key support holding off price decline. The current uncertainty surrounding the market has resulted in reluctance on the part of traders and investors to make altcoin purchases, as there is no assurance if they would be heading up any time soon. A standout performer in these times has been TWT as the price rallied with over 100% gains in less than 48hours as the price broke out with strong bullish sentiment above $1, rallying to a high of $2.7 before facing rejection to a region of $3. The price of TWT trades at $2.1, holding up well above the 50 and 200 Exponential Moving Averages as the price eyes further movement to the upside. If the price maintains its structure and bullish movement, we could see the price rallying to $3. Price Analysis Of Litecoin (LTC) On The Daily (1D) Chart LTC’s price has recently outperformed BTC after showing a bullish trend despite the market’s uncertainty due to the FTX fiasco. Despite facing rejection to a region of $50, the price of LTC bounced off from this area as the price rallied to reclaim the 50 EMA acting as strong support for the price of LTC. If the price of LTC holds above $60, we could see the price rally to a high of $65-$70 in no time. Price Analysis Of GMX On The Daily (1D) Chart The price of GMX was rejected from its resistance of $48 and is currently trading at $39. GMX has maintained its bullish structure despite the rejection and market turmoil that has affected most crypto projects. The price of GMX needs to hold above the region of $35 to avoid the price going lower. Top 4 Altcoins- Price Analysis Of Chiliz (CHZ) On The Daily (1D) Chart The price of CHZ has continued to show bullish trends holding well above the 50 EMA. Despite the pullback across crypto assets in the market, CHZ has continued to look strong, respecting the bullish trendline. The price of CHZ broke the resistance at $0.236, a close above this region could send the price to a region of $0.3. Related Reading: Solana Buckles Under FTX Debris, Is Single-Digit SOL A Possibility? Featured image from zipmex, Charts from TradingView.com
I want this to store my passphrase in 3 different physical places, but I don't find something like this. Do you know something like this? tnkx! submitted by /u/Ceneka [link] [comments]
Just a reminder to everyone: Take some time to review safety tips with your family and friends. We suspect it was a keylogger in his browser, which he used to reset his Trezor after it reported itself corrupt. It's everything he had. :/ Transactions: https://www.blockchain.com/btc/tx/681d31433945c0a8fb47b05caba571740cac54cdbf79f7a5119dbe5a580c5368 https://www.blockchain.com/eth/tx/0xcb83a31156b664dcf6169eb9420151b5609d64578f55b279ccd3a4bc374c22c7 If anyone knows whether it's worth reporting this to…
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Two crypto-unfriendly Democratic senators have sent a letter to the executives with a list of detailed and penetrating questions about the behavior of Bankman-Fried and his businesses.
So, I thought I was self aware. I enjoy crypto, think it's cool. I'm invested in it, but I always thought, "I'm not crazy about it." I also thought that it would be relatively easy for my spouse to recover my crypto if something happened to me (as she knows where I store my seed…
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