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The Hindenburg allegations drive home the deep conflict of interest inherent to this dynamic. Whether or not it was a conscious, deliberate strategy, Cash App’s popularity for illicit transactions did, in whatever small way, feed into its bottom line. This is even more obvious and direct when banks cater to
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Block said it is working with the SEC on how to “explore legal action against Hindenburg Research for the factually inaccurate and misleading report”. American multinational financial technology giant Block Inc (NYSE: SQ) is currently under intense pressure following a damning report from short seller, Hindenburg Research. According to the report,
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“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in
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And of course, any discussion of crypto in 2022 would be incomplete without discussing our first proper Crypto Credit Crisis, which began with a glut of crypto lenders promising yield to customers in exchange for deposits and culminated with the arrest in the Bahamas and extradition to the U.S. of
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Over the last few weeks, there’s been a lot of information revealed surrounding the recent FTX and Alameda Research disaster. On Dec. 6, the Financial Times (FT) published documentation that shows Alameda’s investment portfolio, which alleges the company spent more than $5 billion on hundreds of investments. Some of the
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The former CEO of Alameda Research, Caroline Ellison, has spent her entire professional career as a trader. While a junior studying math at Stanford University, Ellison took her first of two internships with Jane Street, a Wall Street hedge fund known for its heavy use of algorithms, where she excelled.
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"The two entities, Alameda and FTX Ventures, did not merge," Wu told CryptoX via Telegram. "Sam decided to launch FTX Ventures as a new fund and investment strategy [at the] beginning of the year because we felt there was a great opportunity to support entrepreneurs in the space our own
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Bitcoin had a lackluster August while Ethereum “gas” fees are soaring. In 15 charts, CryptoX Research’s Monthly Review for August looks at bitcoin (BTC) performance compared to traditional assets, its relationship to the dollar and other fiat currencies, and at Ethereum’s increasing congestion. Some of the key takeaways: Source
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