Author name: Peter

Former FTX CEO Accused of Misusing Client Funds and Financial Deception

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The former CEO of FTX, Sam Bankman-Fried (SBF), is facing accusations of directing team members to inappropriately use FTX client assets and conceal financial weak points from multiple creditors, according to Caroline Ellison, the previous CEO of Alameda Research. Ellison delivered this revelation during a hearing on Wednesday, part of the ongoing fraud case against […]

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Understanding the Recent Performance of Polygon and Cosmos Cryptocurrencies

gold ira /

The cryptocurrency marketplace is a vibrant and dynamic field, with digital currencies such as Polygon and Cosmos witnessing significant fluctuations. Let's delve into the recent performance of these two digital assets. Polygon's Recent Market Performance Polygon (MATIC), a popular cryptocurrency, has recently experienced a downturn, marking its fourth consecutive day of losses. The digital currency's

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Unprecedented Surge in Bitcoin’s Hashrate: An Insight into Upcoming Halving and Market Dynamics

gold ira /

Bitcoin's hashrate has made a remarkable leap, setting a new record in the cryptocurrency market. This surge came about a week after Bitcoin miners faced a slight increase in difficulty, at block height 810,432. On October 8, the Bitcoin hashrate climbed to a historic high, reaching a staggering 440 exahash per second (EH/s) as per

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Shiba Inu and XRP: The Dynamics of Modern-day Cryptocurrencies in Volatile Trading Sessions

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The ever-changing landscape of cryptocurrency markets witnessed significant shifts at the start of the week with prominent cryptocurrencies like Shiba Inu and XRP expressing contrasting behavior. These variances in the value of digital assets exemplify the volatility and inherent high-risks associated with the growing crypto-sphere. The Shiba Inu crypto's response to escalating geopolitical tension The

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Global Market Instabilities in the Wake of Israeli Uncertainties – the Impact on US Stocks, Cryptos, and Commodity Trading

crypto ira /

Stress signals rippled across financial market structures on a grim Monday marred by a sharp slump in the US's major financial indices. This slide, credited to the escalating Israeli-Hamas conflict, double-shocked an already strained crypto sphere, causing a 1.8% dip against the US dollar. On a lighter note, the burgeoning tensions nudged a surge in

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Unraveling Estonia’s Infamous Crypto Realm: A Haven for Fraud and Money Laundering?

gold ira /

There is a claim that Estonia, once known for its liberal crypto licensing procedure, was taking advantage of by scrupulous individuals to commit a wide range of crimes, from investor fraud to money laundering. A comprehensive investigation report reveals numerous instances of these illicit activities. After the implementation of stricter rules, most of these offenders

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Bitcoin and Gold: A Safe Haven Amidst Potential U.S. Dollar Fall

crypto ira /

A potential downturn in the U.S. dollar could spell a surge for Bitcoin and gold, an economic prediction by financial powerhouse Jefferies suggests. The firm, which operates across four continents, foresees an inability by the Federal Reserve and G7 central banks to adequately retract their unconventional monetary policies. This situation could effectively set the stage

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Deciphering the Intricate Relationship Between Bitcoin, Gold, and China

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Recently, the correlation between Bitcoin and gold has been thrust into the spotlight, shedding light on an interesting dynamic between two popular alternatives for traditional fiat currency. Contrastingly, China’s relationship with gold is shifting as it leverages its assets to protect its currency. These concurrent trends illuminate an evolving narrative in the financial world. This

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Bitcoin’s Market Stability in Focus as Fear and Greed Index Marks Equilibrium

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Bitcoin demonstrates stability beneath the $28K mark on October 8, 2023, endorsing a minor leap from the preceding week by 2.6%. The Crypto Fear and Greed Index (CFGI) seems well-poised at a balanced figure of 50 on its 100-point scale, affirming identical standings throughout the week. Furthering the poised conception, Bitcoin's price pattern showcases consolidation

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Exploring the Seven-Week Downtrend of Non-Fungible Token Sales

gold ira /

The sales of non-fungible tokens (NFTs) have continued to slide for the seventh consecutive week. This pattern has overseen total NFT transactions declining to $66.11 million in the last week, marking an 11.65% dip from the previous week's figures. The Wider Cryptocurrency Market Contrasts NFT Trends Despite an overall uplift in the broader cryptocurrency market,

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