Bitcoin has been struggling for three weeks to maintain over $ 20,000, and this week Was no exception— At the time of this writing, the world’s most popular cryptocurrencies were just above $ 19,000. Many Bitcoin maximists didn’t seem to worry too much. And others are buying dips.
With the CEO of MicroStrategy Whale-sized Bitcoin HOD Ler Michael Saylor announced another major BTC purchase, which didn’t seem to impress professional gold economist Peter Schiff.
Increasing the stake to less than .004% seems like an attempt to influence the market by showing your beliefs to other investors.But if you are very confident #Bitcoin It’s cheap, but why not buy $ 100 million? We must consider that this move still has many drawbacks.
Nayib Bukele, the authoritarian president of El Salvador, also bought more BTC. Naturally For a normal column reader.
But Sailor and Bukele, with a little twist, weren’t the focus of the week. Venture capitalist Nick Carter, a Bitcoin fan, said on Tuesday that one simple tweet would arouse the wrath of the laser-eyed masses and invest in Ethereum and Solana-friendly wallet-based authentication tools. Announced the decision. dynamic..
The pain of pure Bitcoin was probably best illustrated by tweets from Mission Bitcoin when it learned that Carter was investing in other things.
Nick Carter wasn’t sold out in 2022 #bitcoin Bingo card
Last month, the cryptocurrency exchange CoinFLEX said,Continuing uncertainty, including counterparties.. This week, CEO Mark Lamb has a counterparty, Roger Ver, also known as “Bitcoin yes”Former Bitcoin Evangelist and currently Sakura Bitcoin Cash.
Roger Ver owes US $ 47 million to CoinFLEX. We have a written contract with him, personally guaranteeing the negative equity of our CoinFLEX account and requiring regular margin replenishment. He is in default on this contract and we have issued a notice of default.
Shortly before Ram’s tweet, Ver dismissed the idea as “some rumors”, claiming that CoinFLEX was actually in debt … to him!
There are some rumors lately Disseminate what I made the default Debt to the counterparty.These rumors It’s fake.Not only is there no debt To this counterparty, but this counter- The party owe me a fair amount Money, and I’m looking for now Return of my funds.
Ram called Ver’s denial a “tactic”, and yes, Ver reaffirmed that it was definitely thanks to CoinFLEX and not the other way around.
CoinFLEX also categorically denies us that we are in debt thanks to him. His remark is clearly wrong. It’s a shame that Roger Ver needs to rely on such tactics to deviate from his responsibilities and responsibilities.
FTX CEO Sam Bankman-Fried said in June $ 250 million credit injection After the company announced that it would reduce its workforce, it became a cryptocurrency lender, BlockFi.About 20%“Dramatic changes in macroeconomic conditions” are quoted.
In an interview with NPR Last month, Bankman Fried was on his exchange responsibility To rescue a crypto company that is sick in times of crisis. As he said, the BlockFi deal was just closed.
The financial and investment news account @Stocktwits used SBF as Atlas.
Dan Primack, Axios’ business editor, didn’t like the deal.
It’s official: FTX has a contract with BlockFi.
$ 240 million is the upper limit of the price range (as previously reported, all transactions include revenue).
Nothing is said about the low end. That could probably be $ 25 million.
According to a newly emerged report, some hedge funds are “Hundreds of millions“Shorts the tether after the collapse of Terra. Leon Marshall, Head of Institutional Sales for Genesis Global Trading, told the UK financial news agency that his hedge fund was “Hundreds of millions of dollars..“
Tether CEO Paul Aldoino responded to the report in a long thread, writing that the short cell is just one aspect of a multifaceted attack on Tether’s credibility, which also relies on “FUD” and “troll forces.” rice field.
1 / I am open about attempts from several hedge funds that were trying to cause further panic in the market after the collapse of TERRA / LUNA. With new waves of FUD, Troll Army, Clowns, etc., it looked like a coordinated attack from the beginning. https://t.co/hhcsgHV1Ow
Ardoino also said that Tether has endured many accusations that its USDT stablecoin is not backed by 1: 1 by cash reserves. He emphasized that Tether is fully backed by proven reserves and is working with regulatory agencies to share some impressive statistics on the number of redemptions Tether has processed. ..
7 / Tether has processed $ 1.6 billion in redemptions (about 19% of total reserves) in more than a month. Again, this proves that our operations, portfolios, banking infrastructure, and teams are solid and tested in battle.
On Wednesday, the US Securities and Exchange Commission rejected Grayscale’s application for Bitcoin Spot ETFs by digital asset manager, and the company has taken sufficient steps to protect investors from “illegal and manipulative practices and practices.” He said he had not taken it.The next day, Grayscale CEO Michael Sonnenshein said his company was bring the action agency.