As BUSD Dies, Tether's USDT Soaks Up Another $1 Billion - cyptoranking.com

2024-05-04

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The game plan was to provide brands and businesses with the option of creating their own metaverse exposure, along with events, via technology that had the capacity to work in tandem with blockchains and Web3 programs. Improbable is known to have under its wing clients like soccer teams and crypto projects such as Yuga Labs, a company responsible for building the Bored Ape Yacht Club, and is currently engaged in a metaverse called Otherside. For the longest time, crypto has served as an alternative institution: Whether it’s for finance, art or community, it’s considered a tokenized counter-cultural movement. Permissionless, trustless, decentralized, open, embracing the fringe — a community where everyone is welcome, and no one can tell us what to do. As BUSD Dies, Tether's USDT Soaks Up Another $1 BillionDogeCoin: Price Surges and a Statue Image Source: YouTubeFormer FTX boss Sam Bankman-Fried had written a draft Twitter thread to announce the possible closure of his hedge fund Alameda Research. The thread, which was drafted in September 2022, reveals that Bankman-Fried considered announcing the closure of Alameda Research, the trading firm he co-founded, just two months before the collapse of FTX.During the trial, FTX co-founder Gary Wang testified that Bankman-Fried was anxious about an upcoming article that would expose the close ties between FTX and Alameda Research. Bankman-Fried Praises Alameda in Draft ThreadIn the thread, Bankman-Fried praised Alameda Research as a crucial player in the ecosystem, acting as "a buyer when no one else is ready to buy–when markets are wild and volatile and prices are crashing and capital is scarce." He also commended Alameda's achievements after his departure, emphasizing its role as a significant global source of liquidity and guidance for the industry.However, Bankman-Fried acknowledged Alameda's biggest failure in the draft thread, which was losing track of millions of dollars' worth of Ripple tokens due to accounting negligence in February 2018. "In February 2018, we got lazy–and our accounting was lazy–and we lost most of what we'd made," Bankman-Fried wrote."Employees were sad and angry and frustrated, and I had no idea what to do about that."Bankman-Fried used the thread as an opportunity to address the narrative propagated by competitors that Alameda and FTX had excessively close ties. He dismissed the claims as distractions from their competitors' own problems, emphasizing that they were not true. Interestingly, Bankman-Fried's plan to wind down Alameda Research was halted due to the firm's significant debt of $14 billion owed to FTX. Wang testified that when he informed Bankman-Fried about the inability to shut down Alameda, Bankman-Fried simply acknowledged the situation.The draft thread concludes with the hypothetical statement, "Alameda Research is dead. Long live FTX." However, Bankman-Fried never executed the closure of Alameda as planned.Wang Concludes Testimony on Day Six of TrialOn day six of the trial, Wang concluded his testimony and once again admitted to committing crimes with Bankman-Fried.Last week, Wang confessed that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang admitted to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Rise in Chinese Banks Issuing Digital Yuan Corporate Loans

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Welcome to Pirate Nation, an on-chain RPG by @ProofOfPlay, built at the intersection of casual gaming, web3 technology, and shared ownership & incentives. 2009 Buy ethereum with Lunar BlockAs depicted below, the BTC Coinbase Premium Index has been trending positive values for the better of this week, sitting at 0.92 as of October 6, Read more: Combine CBDCs, tokenized deposits on a unified ledger, BIS says

DOGE/USDT Daily Chart. Source: TradingView While the customer managed to evade the scammer’s attempt, the incident underscores the importance of remaining vigilant and cautious in the face of increasingly sophisticated phishing and scam attempts. Where does your money go when you buy cryptocurrency?The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates. The Twitter influencer shared that during a government shutdown, investors might view BTC as a “safe haven asset” against inflation. Moreover, amidst the temporary inactivity of government agencies, crypto can potentially experience fewer regulatory restrictions.

Kearney would not confirm how many crypto firms are part of the AWS ISV Accelerate Program, but told Decrypt’s GG that in order to qualify, companies must be a part of AWS’s Partner Network as well as meet other unspecified requirements. Bitcoin (BTC) Price Prediction – Source: IntoTheBlock How to Buy, Sell and Trade CryptocurrenciesHowever, the actual number of NEAR tokens in circulation may be lower, depending on how the NEAR tokens are emitted over time. Therefore, it may take several years before the FDV is achieved. The resistance levels that need to be paid attention to in market value are respectively: $4.159 billion / $4.229 billion and $4.405 billion. Especially, the breakthrough of the $4.405 billion level will provide a resistance break in the descending channel formation and help accelerate the rise.After Bancor’s (BNT) 70% Price Increase, Could These Two Altcoins Follow the Same Path?

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