SBF almost succeeded in lobbying CFTC & Congress to remove current safeguards and adopt FTX risk model in the $12 Trillion US TradFI derivatives market
submitted by /u/indonesian_activist [link] [comments]
submitted by /u/indonesian_activist [link] [comments]
In the wake of the FTX crisis proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in.
Lately, centralized exchanges (CEXs) have been getting a lot of very justified hate due to recent platform failures/scams (FTX most notably). However, for the most part, anyone using FTX would have been completely fine if they hadn't held funds on the exchange, but used FTX purely to buy/sell/trade crypto, then move their coins to their…
Read more
Seems unlikely he'd just voluntarily stop, no? I havent seen any updates since Monday. Anyone know whats up? submitted by /u/dayofshah [link] [comments]
New York Attorney General Letitia James has urged Congress to pass a law prohibiting crypto investments in retirement accounts. “Hardworking Americans should not have to worry about their retirement savings being wiped out due to risky bets on unstable assets like cryptocurrencies,” she stressed. NYAG Letitia James Urges Congress to Prohibit Crypto Investments in Retirement […]
Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $16,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if it breaks the $16,000 support zone. Bitcoin Price Struggle Continues Bitcoin price attempted a recovery wave from the $15,500 support zone. BTC climbed above the $16,000 and $16,500 resistance levels. It even settled above the $16,300 level and the 100 hourly simple moving average. However, the bears were active near the $16,800 zone. It seems like the price faced another major rejection near the $16,800 level and is forming a double top pattern. Bitcoin price started a fresh decline from the $16,800 zone. There was a break below a key bullish trend line with support near $16,420 on the hourly chart of the BTC/USD pair. It is now approaching the 23.6% Fib retracement level of the recent increase from the $15,470 swing low to $16,791 high. Besides, it is trading above $16,300 and the 100 hourly simple moving average. On the upside, an immediate resistance is near the $16,600 level. Source: BTCUSD on TradingView.com The first major resistance is near the $16,800 zone. A successful move above the $16,800 resistance might start a real recovery wave. The next major resistance is near $17,000, above which the price could gain pace for a move towards the $17,500 zone. Fresh Decline in BTC? If bitcoin fails to climb above the $16,800 resistance, it could continue to move down. An immediate support on the downside is near the $16,280 level and the 100 hourly simple moving average. The next major support is near the $16,130 zone or the 50% Fib retracement level of the recent increase from the $15,470 swing low to $16,791 high, below which the price might gain bearish momentum. In the stated case, the price might drop towards the $15,500 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $16,280, followed by $16,130. Major Resistance Levels – $16,800, $17,000 and $18,000.
TL:DR: Reddit Vault in android app still directs users to FTX to buy ETH Reddit app is fully up to date. Open Reddit Android app by using your finger and tapping on the reddit alien icon for the application to open it. From top right user icon that is a picture of your reddit snoo,…
Read more
When Binances’ $1 billion crypto industry bailout fund drops – 1 billion binance USD stablecoins, minted by binance, with no proof of reserve or liabilities. Nothing to see here. For me it seems like CZ is desperately trying to make it look like Binance has enough reserves when they clearly doesn't. https://preview.redd.it/a79723und02a1.jpg?width=640&format=pjpg&auto=webp&s=6d3555828c25e902be11ba35dd736e5a47cc2f3c I would take…
Read more
The U.S. made the list of regions blocked from using an upcoming website for ApeCoin staking with the related DAO claiming regulations are to blame.
Belgium’s take on what conditions must be met in order for a crypto asset to be classed as a security are in contrast to the views of U.S. Securities Exchange Commission Chairman Gary Gensler.