FTX Japan Says Work Underway to Allow Withdrawal of Client Funds.
Plan was approved by FTX management, shared with regulators.
FTX group may have over a million creditors around the world.
https://www.bloomberg.com/news/articles/2022-12-02/ftx-japan-says-work-underway-to-allow-withdrawal-of-client-funds
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Plan was approved by FTX management, shared with regulators.
FTX group may have over a million creditors around the world.
https://www.bloomberg.com/news/articles/2022-12-02/ftx-japan-says-work-underway-to-allow-withdrawal-of-client-funds
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Bloomberg.com
FTX Japan Says Work Underway to Allow Withdrawal of Client Funds
The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds, paving the way for a rare case of investors getting money back from the collapsed exchange.
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Stablecoin use is climbing ever higher through the bear market. Stablecoins’ daily on-chain transfer volume is near an all-time high of $25b per day (90-day moving average). About $20b of this is sourced from USDC (on Ethereum) and Tether (Ethereum and Tron) transfers.
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📍 Follow @Coins for the hottest news in crypto.
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Russia’s largest bank Sber has announced support for Ethereum and MetaMask on its proprietary blockchain.
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📍 Follow @Coins for the hottest news in crypto.
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Someone on Twitter said this: “I don’t use a cold storage, I store it all on Binance. Because if Binance dies, crypto is dead anyway”
Do you agree? 👍/👎
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Do you agree? 👍/👎
📍 Follow @Coins for the hottest news in crypto.
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Bitcoin December returns
2017: +39% (bull market)
2018: -6%
2019: -5%
2020: +47% (bull market)
2021: -18%
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2017: +39% (bull market)
2018: -6%
2019: -5%
2020: +47% (bull market)
2021: -18%
📍 Follow @Coins for the hottest news in crypto.
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Bybit announces layoff:
Bybit CEO: Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
Full thread: https://twitter.com/benbybit/status/1599275418502459392
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Bybit CEO: Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
Full thread: https://twitter.com/benbybit/status/1599275418502459392
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X (formerly Twitter)
Ben Zhou (@benbybit) on X
1) Difficult decision made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing re-organisation of the business as we move to refocus our efforts for the deepening bear market.
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Caroline (Alameda CEO) is reportedly spoted in NYC.
She was in Hong Kong when this began.
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She was in Hong Kong when this began.
📍 Follow @Coins for the hottest news in crypto.
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Hedge Fund Veteran Mark Yusko Predicts Bitcoin Will Replace Gold, Unveils Massive BTC Price Target.
“There’s only one money in the world: gold. Everything else is credit, everything else is a currency. Currency is backed by debt.
Every central bank in the world has gold, some of them have less than they used to because they moved off the gold standard and went to a fiat standard where they could devalue the currency faster because they had too much debt, but where is the gold going? It’s going to China, which I believe will be the next global reserve currency, [but] it’ll eventually be Bitcoin.
In the future, Bitcoin wins because it is an asset that exists in the absence of a liability, which is what the definition of money is.”
Watch full interview here: https://www.youtube.com/watch?v=O8Cfe0KaODk&ab_channel=StansberryResearch
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“There’s only one money in the world: gold. Everything else is credit, everything else is a currency. Currency is backed by debt.
Every central bank in the world has gold, some of them have less than they used to because they moved off the gold standard and went to a fiat standard where they could devalue the currency faster because they had too much debt, but where is the gold going? It’s going to China, which I believe will be the next global reserve currency, [but] it’ll eventually be Bitcoin.
In the future, Bitcoin wins because it is an asset that exists in the absence of a liability, which is what the definition of money is.”
Watch full interview here: https://www.youtube.com/watch?v=O8Cfe0KaODk&ab_channel=StansberryResearch
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YouTube
Bitcoin Price to Face More Damage After FTX Disaster? Experts Yusko, McGlone, Wade Weigh-In
Going Digital features the latest news and insights in the Bitcoin and cryptocurrency world. Anchored by Daniela Cambone and HIVE's CFO Darcy Daubaras, they speak to some of the world's best-known Bitcoin experts on the fallout of FTX and more. Guests include:…
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Interesting stats from Reddit's Collectable Avatars (NFTs):
Nearly 255,000 Reddit Collectible Avatars were minted on Saturday, a new record that surpassed the more than 200,000 mints on both Aug. 30 and Aug. 31.
It brings the total number of Collectible Avatars — the term Reddit uses for its Polygon-based NFTs — in circulation to about 4.4 million.
Used as avatars on Reddit’s social networking platform, the polygon-based Collectible Avatars have been lauded as a successful introduction of NFTs to mainstream consumers.
The pieces sell for a fixed price rather than being auctioned and can only be paid for with fiat currencies. Its statement made no mention of NFTs.
The strategy appears to have paid off. While some of the Collectible Avatars have made their way onto secondary markets like OpenSea, most holders acquire them through minting on Reddit.
To date, there's only been about 40,000 recorded sales despite the millions of collectibles minted. More than 3.4 million holders have just one collectible in their wallets.
OS: https://opensea.io/category/reddit-collectible-avatars
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Nearly 255,000 Reddit Collectible Avatars were minted on Saturday, a new record that surpassed the more than 200,000 mints on both Aug. 30 and Aug. 31.
It brings the total number of Collectible Avatars — the term Reddit uses for its Polygon-based NFTs — in circulation to about 4.4 million.
Used as avatars on Reddit’s social networking platform, the polygon-based Collectible Avatars have been lauded as a successful introduction of NFTs to mainstream consumers.
The pieces sell for a fixed price rather than being auctioned and can only be paid for with fiat currencies. Its statement made no mention of NFTs.
The strategy appears to have paid off. While some of the Collectible Avatars have made their way onto secondary markets like OpenSea, most holders acquire them through minting on Reddit.
To date, there's only been about 40,000 recorded sales despite the millions of collectibles minted. More than 3.4 million holders have just one collectible in their wallets.
OS: https://opensea.io/category/reddit-collectible-avatars
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FTX’s LedgerX Up for Sale as Restructuring Process Picks Up.
Firm is one of few solvent pieces of crumbled crypto empire.
At least 10 firms have expressed interest in platform.
https://www.theblock.co/post/191947/ledgerx-for-sale-with-interest-from-blockchain-com-gemini-others-bloomberg
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Firm is one of few solvent pieces of crumbled crypto empire.
At least 10 firms have expressed interest in platform.
https://www.theblock.co/post/191947/ledgerx-for-sale-with-interest-from-blockchain-com-gemini-others-bloomberg
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The Block
LedgerX for sale, with interest from Blockchain.com, Gemini, others: Bloomberg
LedgerX is up for sale, with interest from Blockchain.com, Gemini and others.
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Coca-Cola teams up with Crypto.com to launch 10K NFTs.
NFTs are to be created based on 'heatmaps' from tournament matches.
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NFTs are to be created based on 'heatmaps' from tournament matches.
📍 Follow @Coins for the hottest news in crypto.
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Circle $USDC cancels plans to go public at a $4.5 billion valuation.
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📍 Follow @Coins for the hottest news in crypto.
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Coins ( ₿ )
Coinbase new listing: ERC-20 tokens on the Ethereum network Aavegotchi (GHST) — Contract address: 0x3F382DbD960E3a9bbCeaE22651E88158d2791550 Litentry (LIT) — Contract address: 0xb59490ab09a0f526cc7305822ac65f2ab12f9723 https://twitter.com/coinbaseasse…
Coinbase and Coinbase Pro will list Aavegotchi (GHST) and Litentry (LIT).
Trading will begin on or after 17:00 UTC on 6 December 2022, if liquidity conditions are met.
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Trading will begin on or after 17:00 UTC on 6 December 2022, if liquidity conditions are met.
📍 Follow @Coins for the hottest news in crypto.
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Apple Blocks Coinbase Wallet on iOS.
https://en.cryptonomist.ch/2022/12/02/apple-blocks-nft-coinbase/
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https://en.cryptonomist.ch/2022/12/02/apple-blocks-nft-coinbase/
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The Cryptonomist
Apple blocks Coinbase wallet on iOS: NFT feature disabled
Apple demands 30% of all gas fees for NFT transfers
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DEX volumes double over previous month.
DEX volumes for November came in hot at $110 billion, up 116% from the $50.8 billion in October (This marks the third highest month of DEX volumes for 2022, behind May and January).
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DEX volumes for November came in hot at $110 billion, up 116% from the $50.8 billion in October (This marks the third highest month of DEX volumes for 2022, behind May and January).
📍 Follow @Coins for the hottest news in crypto.
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