With the colossal collapse of crypto change FTX in latest weeks, pleasure in the world of cryptocurrency and finance has been in no quick provide. Former FTX CEO Sam Bankman-Fried’s personal jet was reportedly noticed heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying that “The injury right here is big,” and lots of, many extra tales surrounding the debacle have emerged. On prime of this, extra so-called sleeping bitcoins have awoken, and Elon Musk has given his two cents on bitcoin and dogecoin as soon as extra.
In accordance with Flightradar24’s official Twitter account, essentially the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) personal jet flying from the Bahamas to Argentina. Whereas the flight monitor doesn’t imply SBF took the flight, various folks suspected somebody from SBF’s interior circle did fly out of the Bahamas. The previous FTX CEO, nevertheless, texted Reuters after the flight report, and advised the information outlet he didn’t depart the Bahamas.
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Tesla CEO and Twitter chief Elon Musk has made bullish statements about bitcoin and dogecoin regardless of crypto market sell-offs. He stated bitcoin “will make it” and “DOGE to the moon.” Amid crypto winter and the chaos surrounding bankrupt crypto change FTX, Musk believes there’s a future for bitcoin, ethereum, and dogecoin.
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The CEO of cryptocurrency change Kraken has outlined the influence of FTX’s failure on the crypto business. After itemizing a number of pink flags, the chief harassed: “The injury right here is big … We’re going to be working to undo this for years.”
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On Nov. 16, 2022, at Bitcoin block top 763,474, somebody transferred 6,522 bitcoin value roughly $107 million after the cash sat idle for greater than 5 years. Whereas bitcoin’s worth is 75% decrease than it was a 12 months in the past, so-called sleeping bitcoins have been waking up amid the latest crypto market capitulation.
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