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The book says Jump was “near the top” of the list of FTX’s 50 “biggest accounts whose owners had been unable to remove their money from the crypto exchange,” Lewis wrote. Jump Trading lost $206 million while its affiliated trading firm, Tai Mo Shan Ltd., lost more than $75 million,
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“Part of the reason is that the stress in the banking system reinforced bitcoin’s store-of-value properties,” the report said, and because BTC mainly exists outside of the traditional financial system “it offers a hedge against current conditions.” Source
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As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered
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For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible. In a more dynamic economy with a higher volume of operations with foreign currencies, cryptocurrencies played a key
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[sociallocker id="55298"] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.”Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel
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