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A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.”“We’re warning investors to be very wary of some of the claims that are being made by crypto companies,” said SEC’s acting chief accountant Paul Munter
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Bitcoin (BTC) showed early signs of recovery as it extended its second day of gains on Tuesday, holding over the $21,000 barrier in European hours. Even though established banking firms Morgan Stanley (MS) and Goldman Sachs (GS) said in client notes that recession risks were "not fully priced in," the
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Trading firm Wintermute tweeted Nov. 9 that it had reduced its exposure to FTX after the insolvency concerns started. During the withdrawal pause, some of its funds were stuck, but the amount was “within our risk tolerances and does not have a significant impact on our overall financial position,” Wintermute
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The sudden collapse of the FTX exchange has sent shock waves throughout the Bitcoin crypto world. The Bankman-Fried-led crypto empire hailed as an industry leader has filed for bankruptcy, creating widespread panic in crypto circles. This collapse was aided by Ian Allison’s article showing that around $5.8 billion from the $14.6
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The professional association compared bitcoin to cash in response to a query from one of its members and flagged the possibility of it being used for money laundering. Source
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“Everybody kind of feels that Bitcoin needs to wash out and take out all the short positions,” said Chris Terry, vice president at lending platform SmartFi. “This would be probably the full 80% retracement, which is typical in the markets, which would be down in the $12,000 to $13,000 range.” Source
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Crypto markets added nearly 5% to overall capitalization in the past 24 hours after broader markets jumped on the decision to increase rates in the U.S. Original Source
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Of course, there’s more to Bitcoin than the three stated parts. Exchanges, mixers and block explorers are but a few new domains within the Bitcoin industry that didn’t exist in 2009. This specialization is likely a net benefit, but also holds downsides, particularly for an industry already within the regulatory
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Bitcoin fell earlier in the day but recovered much of its lost ground by the afternoon. Source
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Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today's rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af
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