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Category: cryptocurrencies – Page 14

The recent price stabilization was the last gasp, according to experts.

The world’s most popular cryptocurrency, Bitcoin, is on its way to irrelevance, according to the Director General of the European Central Bank and his adviser. In a recent blog post, the duo questioned the utility of Bitcoin as a form of alternate currency and the value it has created for society thus far.

The comments come at a time when the cryptocurrency industry is reeling under a shock from the collapse of FTX, one of the largest crypto exchanges in the world.

Burak Fatsa/iStock.

Continue reading “European Central Bank warns that Bitcoin’s days might be over soon” | >

He does not know what happened to his Twitter stake either.

Former FTX CEO, Sam Bankman-Fried (SBF) was living the living billionaire dream until earlier this month. Then FTX collapsed in a matter of days and the man who held a personal fortune of $26 billion at one time is now down to his last $100,000, Axios.

The rise of SBF was a textbook case of a young entrepreneur who struck gold in a field that was still in its infancy, and most knew little about it. Even today, very few really understand how the world of cryptocurrency works, and where it is headed. But one thing is for certain, SBF won’t be a name that will be featured in successful crypto stories henceforth. He was at the helm of affairs when FTX collapsed and so did billions of dollars’ worth of investor wealth.

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Bitcoin is trending sideways in its current range, the cryptocurrency managed to prevent a fresh assault from the bears, but uncertainty remains strong in the market. This status quo supports the price action, and it could operate as the dominant trend for the remaining of the year.

As of this writing, Bitcoin trades at $16,400. The cryptocurrency has been stuck at these levels for today’s trading session after re-testing its yearly lows yesterday. In the wake of FTX’s collapse, crypto users have lost confidence. This could have a long-lasting impact on the nascent asset class.

Data from crypto exchange Bitfinex indicates that users are withdrawing their Bitcoin from exchanges en masse. The FTX’s collapse triggered a massive BTC outflow from trading venues; investors fear losing their funds in the contagion.

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Another look at the Fermi Paradox, and the implication on us as a civilization. Get a razor that will last you a lifetime from Henson Shaving here: https://bit.ly/2YS4SPN To get the 100 pk of blades for free, make sure to add it to your shopping cart, and use the code ASTRUM.

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Hello and welcome! My name is Anton and in this video, we will talk about incredible discoveries about the human brain.
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‘Never in my career have I seen such a complete failure of corporate controls,’ says the new CEO of FTX.

Cryptocurrency venture Multicoin Capital has written a letter to its investors about further fall in the business before it could recover.

In the upcoming weeks, the company anticipates that the FTX pandemic will “wipe out” several trading firms, according to a report by CNBC.

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‘I was one of the world’s greatest fundraisers; now I’m the fallen wreckage of one.’

Sam Bankman-Fried (SBF), the former chief executive of the bankrupt cryptocurrency exchange Futures Exchange (FTX), has asserted that FTX is still solvent and plans to raise money even while the formal bankruptcy procedure is underway.

“I have 2 weeks to raise $8 billion; that’s basically all that matters for the rest [of] my life.” he wrote, responding to a question about his plans.

Tom Williams/CQ-Roll Call, Inc/Getty Images.

Continue reading “Defiant Sam Bankman-Fried declares he has ‘2 weeks to raise b’ after FTX bankruptcy” | >

Timestamps :
2:40 0) Unconditional-Acceleration / Technomics.
18:31 1) Zero-Acceleration / Technoskepticism.
33:33 2) White-Acceleration / Technotraditionalism.
47:23 3) Right-Acceleration / Technocapitalism.
54:05 4) Left-Acceleration / Technocommunism.
1:09:32 Conclusion.

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