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Crypto News
El Salvador Will Buy Bitcoin Daily, Says Unfazed Presid…
El Salvador President Nayib Bukele announced that the country would start buying Bitcoin on a daily basis from Nov. 18, and likened the collapse of FTX to a Ponzi scheme.
“We are buying one Bitcoin every day starting tomorrow,” Bukele said…
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DeFi platforms see profits amid FTX collapse and CEX exodus
A week after the fallout from the FTX and Alameda chaos, some on-chain data points are interesting to observe. Although record amounts of Bitcoin (BTC) and Ether (ETH) are leaving the exchanges, not all decentralized applications (DApps)…
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dYdX Could be Among Largest Beneficiaries From FTX Collapse: Report
The unforgivable mishandling of customer funds has left millions of users with trapped funds, crippled years of constructive industry reputation, and triggered new credit contagion risks.
Amidst this chaos, the native token…
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Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC
Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGenesis Trading liquidity “exceeded”Data from…
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BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
In an official update sent to clients on Nov. 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies but insisted it had “the necessary liquidity to explore all options.” The news came as somewhat of a…
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Tim Draper still positive on $250K Bitcoin price prediction in 2023
Billionaire venture capitalist and serial blockchain investor Tim Draper is not giving up on his near-term Bitcoin (BTC) prediction despite the recent issues in the cryptocurrency industry.Draper continues to stick with his optimistic…
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Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for…
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard…
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Binance CEO urges crypto buyers to ‘hold’ amid ‘unpredictableness’
Binance CEO Changpeng “CZ” Zhao has strongly advised cash-strapped and inexperienced investors to stay away from trading cryptocurrencies amid extreme market volatility and unpredictability. On a Nov. 14 Zhao-led Ask Me Anything Twitter…
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NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar
October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.”According to a Nov. 3 report from…
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Charities risk losing a generation of donors if they don’t accept crypto
Charities accepting crypto donations are setting themselves up for an entirely new demographic of funders — who just so happen to be one of the most giving, according to charity organizations. Alex Wilson, the co-founder of The Giving…
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