1 year ago
As theories proliferate wildly astir the existent quality of what happened to failed crypto speech FTX, small is yet wide to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the contented publically connected societal media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has besides provided an in-depth look astatine the emergence and autumn of the toppled speech behemoth. All this and more, conscionable below.
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto assemblage successful a thread posted to Twitter. SBF noted that helium messed up and “should person done better” and besides elaborate that astatine immoderate constituent helium “might person much to accidental astir a peculiar sparring partner.”
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look astatine the Rise and Fall of FTX
The cryptocurrency assemblage has been dealing with the FTX fiasco aft Binance revealed that it was backing retired of the woody to get the rival exchange. Between Nov. 8-9, the crypto system shed much than $230 cardinal successful worth arsenic FTX’s troubles shook investors. The pursuing is an in-depth look astatine the cryptocurrency speech FTX, the trading level that managed to emergence to the apical and descent to the bottommost successful little than 3 years.
Tim Draper Extends BTC Price Prediction by 6 Months — ‘By Mid-2023, I’m Expecting to See Bitcoin Hit $250K’
The American task capitalist and laminitis of Draper Fisher Jurvetson (DFJ), Tim Draper, is inactive assured successful his bitcoin prediction that says the crypto plus volition pat $250K per unit. Draper said successful April 2018, astatine the Draper University blockchain party, that helium predicted: “$250K by 2022.” At this year’s Web Summit 2022 event, Draper said helium “extended” his forecast “by six months,” arsenic helium present predicts bitcoin volition pat that terms scope “by mid-2023.”
Support for Ripple Grows successful SEC Lawsuit Over XRP — CEO Says ‘It’s Unprecedented’
Support for Ripple Labs successful its combat against the U.S. Securities and Exchange Commission (SEC) implicit xrp has grown, with 12 amicus briefs filed. “It’s unprecedented,” Ripple CEO Brad Garlinghouse said, adding that each little explains successful its ain unsocial mode “the irreparable harm the SEC volition bash to each facet of the U.S. crypto system if it gets its way.”
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What are your thoughts connected the unfolding FTX saga? Does governmental corruption play into the downfall of Sam Bankman-Fried’s empire? Let america cognize successful the comments conception below.
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