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FTX founder Sam Bankman-Fried testified before Judge Kaplan and a jury in a New York federal court claiming his team sometimes made decisions out of his purview and against his instructions. Following a fraught mock testimony for Bankman-Fried, Judge Lewis A. Kaplan of the Southern District of New York ruled to
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Bitcoin (BTC) mining companies are employing derisking strategies by offloading BTC to exchanges, according to a market report from Bitfinex.The cryptocurrency trading platform’s latest newsletter addresses the Bitcoin mining sector at length, highlighting a recent surge in miners selling large volumes of BTC to exchanges. This has led to a
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The aviation business faces numerous problems and uncertainties, including fuel pricing, regulatory changes, geopolitical events, economic conditions, and competition from other carriers. Ryanair Holdings Plc (NASDAQ: RYAAY) one of the largest and most well-known low-cost carriers in Europe has reported a full-year net profit pegged at 1.43 billion euros ($1.55 billion).
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From a fundamental perspective the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the report said. Source
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Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an economy with no buyers, the only hedge
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At maturity, the options contract is settled over-the-counter with either MEV Capital covering the balance if the liquidity providers' (LP) position has increased in value, or the options desk settling the difference with MEV if the LP position is worth less than the hedged amount, explained MEV Capital chief investment
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Meanwhile, Metalpha and Litecoin Foundation added they will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption, and scalability. Original Source
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These cash flows represent the native economic activities accrued on the block space. However, the miners and validators are burdened with increasing expenses. Without effective tools to manage the risks, they are fully exposed to market risks, such as the inherent volatility of cryptocurrencies. Source
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“Because of the current market situation,” new entrants to the crypto market are “kind of hesitant,” Wang said; they either start with small trades as a test, or they open an account and wait for their preferred market conditions. So Metalpha is focusing on existing clients, mostly from the crypto
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There's a debate over whether rising BTC/GBP trading volume represents hedging demand for the cryptocurrency or speculative interest. Source
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