Is Binance Really Selling Bitcoin To Prop The Price Of BNB?
Crypto exchange Binance has had a tough few months in terms of market news and pressure from regulatory bodies. Just a few
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Prop
FTX Used Customer Funds Among Other Assets to Prop up Alameda Research in May: Reuters
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FTX’s Bankman-Fried Says It’s Worth Losing Money to Prop Up Crypto Industry
While FTX has extended millions of dollars to those companies, that hasn’t necessarily succeeded in bailing them out. BlockFi negotiated a deal where FTX could buy the company outright, and Voyager filed for bankruptcy earlier this month. When the Voyager deal came up during a panel discussion, Bankman-Fried laughed and
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Crypto conspiracy theories abound, but prop traders are just doing their job
Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bankman-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds.In 2019, SBF founded the crypto
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Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
Tron founder Justin Sun tweeted Monday that the funding rate on the Binance exchange for betting against, or "shorting," the Tron blockchain's native TRX token stood at negative 500%, a whopping rate that suggests many investors are clamoring to get into that trade. According to Sun, TronDAO “will deploy $2
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Hedge Fund Holdings Fail To Prop Up Bitcoin Price
Bitcoin’s price is at risk of going down because investors are funding short positions in Bitcoin by borrowing digital money from exchanges. Datamish shows that investors are funding short, causing the value of Bitcoin to go down. Bitcoin fell again on Friday, despite a surge in capital inflow from large wallet
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We Can Vote Away Your Money for Free: The Implications of Juno Prop 16
The proposal appears to be the first major instance of a blockchain community potentially voting tokens out of the hands of a fellow holder. The implications are massive. Source
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California’s Prop. 24 Could Be a ‘Silver Lining’ for Crypto Exchanges Looking to Comply With GDPR
On Election Day, Californians chose not only the direction of their government but also the direction of some of the laws that government will administer. With 56% of voters approving it thus far, Proposition 24, also known as the California Privacy Rights Act (CPRA), is on its way to replacing
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The Fed Can’t Prop up the Housing Market Forever
Housing market forbearances leveled off in May, but lenders are still facing a huge cash shortfall. The Federal Reserve is pumping the housing market full of froth. The backlash will be jarring when baby boomers flood the market with supply. The U.S. housing market received another nugget of good news last week. The
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Crypto Investors’ Ethereum Secretly Used to Prop up HEX ‘Scam Token’
The HEX purchase address used 50 ETH to buy more tokens. The tokens were then sent to an exchange to provide liquidity for HEX traders. HEX continues to benefit its founder, to the severe detriment of its investors. Ethereum (ETH) from the flush address of the controversial HEX
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