Digital Currencies incl NFT etc. 02; (Apr 21 - Feb 23)

[behappyalways]

Cryptos Plunge As FTX-Binance Battle Escalates
https://www.zerohedge.com/crypto/crypto ... lse-rumors

[behappyalways]

Everything You Need To Know About Crypto's FTX-Driven Downturn | Matt Fiebach
https://m.youtube.com/watch?v=GJMkqnwR5DI

The crytos are crashing again.....contagion effect on others???

https://mobile.twitter.com/biancoresear ... 5351146497

https://mobile.twitter.com/biancoresearch

[behappyalways]

Everything You Need To Know About Crypto's FTX-Driven Downturn | Matt Fiebach
https://m.youtube.com/watch?v=GJMkqnwR5DI

[behappyalways]

FTX Post-Mortem: Bankman-Fried Admitted The "Ponzi Business" Of Crypto Yield Farming Months Ago
https://www.zerohedge.com/markets/ftx-p ... months-ago

[behappyalways]

6-12C FOR CUSTODIED ASSETS. LET THAT SINK IN!
https://mobile.twitter.com/UrbanKaoboy/ ... 7836401664

[behappyalways]

In fact, reports say he has lost 94% of his $16 billion fortune.
https://www.zerohedge.com/markets/sam-b ... on-fortune

[winston]

Crypto markets face cascade of margin calls

Crypto markets face weeks of deleveraging in the fallout from the crisis at digital-asset exchange FTX.com, a period of upheaval that could push bitcoin down to US$13,000 (HK$101,400), according to JP Morgan strategists.

The strategists pointed to bitcoin's production cost as a way of calibrating how much further it can fall. The production cost is mainly the electricity needed to operate the powerful computers that run the bitcoin network. This production cost stands at US$15,000, but it is likely to revisit the US$13,000 low seen over the summer months.

Source: Bloomberg

https://www.thestandard.com.hk/section- ... rgin-calls

[winston]

Tether says it holds $39.7 billion in U.S. Treasury Bills

LONDON (Reuters) - The largest stablecoin, Tether, increased its holdings of U.S. Treasury bills to $39.7 billion and reduced its commercial paper to around $50 million as of Sept. 30, 2022, according to a reserves attestation published on Thursday.

Tether said its reserves are "extremely liquid" with 82% of investments in cash, cash equivalents and other short-term deposits. Treasury bills make up over 58% of the total $68 billion in reserves, Tether said.

Source: Reuters

https://www.thestar.com.my/tech/tech-ne ... e=smartech

[behappyalways]

Bankman-Fried 'Lent' Billions In Customer Funds To His Trading Firm, Setting The Stage For Implosion
https://www.zerohedge.com/markets/sbf-l ... it-illegal

[behappyalways]

In today's Straits Times


In an interview with The New York Times in April, Ramnik Arora, one of FTX’s top executives, described a video meeting last year between Mr. Bankman-Fried and partners at a top venture firm. In the meeting, Mr. Bankman-Fried delivered a well-received presentation while simultaneously playing a video game.


Investors Who Put $2 Billion Into FTX Face Scrutiny, Too
https://www.google.com/amp/s/www.nytime ... l.amp.html