Industry Talk

Wall Street Journal: Financial bosses also “overturned”, how does the founder of DCG get out of the predicament?

Digital Currency Group ( DCG ) CEO Barry Silbert has worked in traditional financial markets for many years. After moving to the encryption field, he successfully created his DCG empire and is now trying to save his brokerage firm from bankruptcy. A year ago, Barry Silbert’s 40% stake in DCG was worth more than $3 …

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US CPI inflation index cools down! Bitcoin breaks through $19,000 at one point, climbs to two-month high

Official data showed that the inflation in the United States had cooled down in December last year, which strengthened the market’s expectations for the Federal Reserve (Fed) to restrain the strength of interest rate hikes, and encouraged Bitcoin to break through 19,000 US dollars in the early morning of this (13th), hitting the highest level …

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Coinbase laid off another 20% of its staff, why did the stock price rise instead of falling?

Faced with the threat of a bear market, cryptocurrency companies are laying off waves one after another. Even Coinbase, an American cryptocurrency exchange, said it would lay off 20% of its workforce. It also expects a loss of up to $500 million in 2022. Unexpectedly, the stock price did not fall but rose. It closed …

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Accused of defrauding 100 billion won! Ex-Chairman of Bithumb Found Not Guilty at First Instance

South Korean business media “Hankyung” reported that the criminal court of the Seoul Central District Court in South Korea acquitted Lee Jung-hoon, the former chairman of Bithumb, in the first instance of the “suspected 100 billion won fraud lawsuit”. Earlier, South Korean prosecutors asked the court to sentence Bithumb’s actual owner, Lee Jung-hoon, to eight …

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Bahamian Authorities: Seized $3.5 Billion in Digital Assets from FTX

The Securities Commission of the Bahamas (Securities Commission of the Bahamas) stated earlier today (30th) that authorities seized as much as $3.5 billion in digital assets from FTX. Authorities in the Bahamas ordered FTX to transfer assets held in cryptocurrency wallets to government-controlled wallets on Nov. 12, saying the urgent legal action was to protect …

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Support the establishment of a regulatory framework for encrypted assets! Binance Announces Joining the “U.S. Digital Chamber of Commerce”

Cryptocurrency exchange Binance (Binance) announced yesterday (20) that it has joined the leading blockchain and encrypted asset trading association – the American Digital Chamber of Commerce. Binance stated that it will work with the executive committee of the Digital Chamber of Commerce and other industry participants to jointly promote the development of the blockchain industry. …

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After FTX collapsed, Binance took over! Binance.US to Buy Voyager for $1 Billion

Binance’s U.S. business, Binance.US, will spend about $1.022 billion to buy the assets and business of cryptocurrency lending firm Voyager Digital, pulling it out of bankruptcy. Binance.US, headquartered in Palo Alto, California, operates as a separate legal entity and has a licensing agreement with Binance.com. Binance.US will pay Voyager a $10 million security deposit and …

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Is it risky to own cryptocurrency? Binance CEO Changpeng Zhao: 99% of people will lose it

Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance, believes that users are actually more likely to lose their cryptocurrency if they use a self-hosted wallet than if they store their cryptocurrency on a centralized exchange. “Holding cryptocurrency in your own wallet is not without risk,” he said. Changpeng Zhao stated on Twitter Space held on …

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Start a new business and seek a turnaround? SBF wants to “make a comeback” to make money and compensate FTX users!

After FTX went bankrupt, owed $50 billion and spooked more than a million creditors, the cryptocurrency exchange founder and former CEO Sam Bankman-Fried (SBF) said he wanted to start another new company, It is hoped that after the new business makes money, it can be used to repay the debts owed by FTX and compensate …

Start a new business and seek a turnaround? SBF wants to “make a comeback” to make money and compensate FTX users! Read More »

It was exploded by “swiping sales orders and sniping UST”! SBF involved in Terra crash too?

The collapse of cryptocurrency exchange FTX and the demise of Sam Bankman-Fried (SBF) prompted authorities to re-examine the collapse of the Terra ecosystem. In May, Terra’s algorithmic stablecoin UST and its sister coin LUNA went into a death spiral, wiping $40 billion off the cryptocurrency market. According to a report by The New York Times …

It was exploded by “swiping sales orders and sniping UST”! SBF involved in Terra crash too? Read More »