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▪️About blockchain, cryptocurrency and crypto technologies. ▪️Actual entry and exit points in the cryptocurrency market 🔹Channel: @finsignal 🔹Buy ads: https://telega.io/c/finsignal
Ripple is working to obtain a license from Irish regulators
Ripple is working to obtain a Virtual Asset Service Provider (VASP) license from Irish regulators.
The company continues to expand outside of the US due to an ongoing lawsuit with the Securities and Exchange Commission (SEC).
“Essentially, all of the company's customers and revenues are moving out of the US, even though we still have a lot of employees in the US,” said Stuart Alderothy Alderothy, the company's legal counsel.
Alderothy also said that once Ripple obtains an Irish license, the company plans to “passport” its services across Europe.
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⚡️Bloobmerg has posted a diagram of companies and projects associated with Sam Bankman-Freed and FTX.
@finsignal
📊Bitcoin rally model based on halvings
If by the next halving (spring 2024) bitcoin reaches $35,638, then it will have a high chance of reaching $150,000 in 2025
@finsignal
⚔️ CBDC race between USA and China: good or bad?
Research and development of central bank digital currencies (CBDCs) is a priority in China, and the United States appears to be following suit.
The New York Fed and a group of private banking firms recently launched a 12-week "digital dollar" pilot project. But there are still concerns about how this could affect financial freedom.
On March 9, 2022, Biden gave "the highest urgency" to efforts to research and develop a potential U.S. central bank digital currency. Was it a move to stay relevant or competitive with other regions?
Many will agree with this. Several countries, including China and Russia, have already begun pilot programs. The US, UK and most of the Eurozone countries are still in the study and research phase.
The emergence of such a race between countries accelerates the process of developing regulatory frameworks, which in turn brings closer the truly strict regulation of the crypto sector.
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⚡️ Bitfarms sells Bitcoin to reduce liabilities and enter South America
Mining company Bitfarms preferred to sell more bitcoins (2595 BTC) in Q3 than it mined in the same time period (1515 BTC). Thus, the company decided to reduce its own reserve in bitcoins, explaining this by directing funds to reduce the overall debt burden on the business.
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The state of Tuvalu will create its own copy in the metaverse
Tuvalu plans to create a digital version of the state: replicate islands and landmarks to preserve its history and culture as rising sea levels threaten to flood tiny Pacific islands.
The government of Tuvalu complains about the inaction of the world community in the face of the threat of climate change, but is glad that VR technologies will allow at least a digital version of the country to be preserved.
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#NFTnews
🔹️Sony sees potential in creating digital assets
This month, a Sony Corporation patent was published that shows the company is expanding into developing NFTs and its own blockchain. This is evidenced by data from the Patent Scope service.
Sony sees potential in creating digital assets, including "moments of video game gameplay such as video clips or images." Although the patent was published this month, it was actually filed a year ago on May 7, 2021. It was called "Tracking Unique In-Game Digital Assets Using Tokens in a Distributed Ledger". At the same time, filing for a patent does not oblige companies to conduct research in any areas.
🔹️Nike is testing its web3 platform for virtual items
The sports brand Nike has already become one of the most successful brands in the web3. Now the company's management plans to promote virtual shoes and other products on its own platform.
The platform is currently in beta testing. The first digital collection will be released next year. Swoosh will allow Nike fans to collect and even create virtual items.
It’s also worth noting that Nike’s numbers have also been affected by the bear market, as the company’s revenue has plummeted from its April 2022 highs.
🔹️Cristiano Ronaldo Launches First NFT Collection on Binance
As part of an exclusive multi-year deal, Cristiano Ronaldo's first NFT collection on Binance will be available on Friday, November 18th.
The co-founder of Binance commented on the news: “We believe that the metaverse and blockchain are the future of the Internet. We are honored to partner with Cristiano to help more people understand blockchain and showcase how we are building a web3 infrastructure for the sports and entertainment industry.”
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Huobi owns ~$3.3 billion in assets, HT accounts for 29.24%.
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🔥 Federal Judge Grants Coinbase Request to File Support for Ripple in SEC Case
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A little not about crypto❗️❗️❗️
We are 8 billion people⚡️⚡️⚡️
The number of people on Earth has reached 8 billion, the press service of the UN reported, citing the calculations of the world organization.
There are more and more of us, and BTC in total will be mined 21 million, think about it 🐳
@finsignal
🚀 Binance starts cooperation with Vitalik Buterin to create a new method for confirming the reserves of trading platforms, which will be tested on the Binance exchange itself
Also, CZ shared his opinion:
📌 LUNA erased $40 billion from the market
📌 BUSD is the best stablecoin on the market
📌 The crypto market will be volatile in the near future
📌 Binance will only help strong and healthy projects
📌 Stay out of the crypto industry if you don't know exactly what you're doing
📌 Binance has no debt and the highest level of liquidity in the industry
📌 We need to work and educate traditional media so that they do not make yellow headlines
@finsignal
🚀 Charles Hoskinson announced the launch of a new confidential Midnight blockchain and his own token called Dust
Midnight is powered by zero-knowledge protection technology and is one of the Cardano sidechains
The head of IOG Charles Hoskinson said that this technology guarantees the anonymity of transactions, but unlike Monero or ZCash, it provides a loophole that allows regulators to track transfers and link them to wallets.
“You need programmability, you can't just take Zcash, fork it, and somehow everything starts working. What was needed was the ability to write these things in a regular programming language, not in some weird Snark, but in JavaScript or something similar, something that developers can understand and get a guarantee of confidentiality, ”added he.
@finsignal
📊 The well-known "Wyckoff distribution" on the Bitcoin chart looks just like a classic preparation for a trend reversal up, with a branded "bear trap" at the bottom
@finsignal
💥 Corporate Lawyers Reviewed FTX Bankruptcy Files
— blackrock
—Ontario Pension Fund
— Sequoia Capital
— Paradigm
— Tiger Global
— Softbank
⚡️ We financed a startup in which:
1) Employees sent requests for reimbursement of large expenses to Slack and random managers approved them via emoji.
2) Alameda provided Sam Bankman with a personal loan of $1 billion (10% of personal funds of clients) + $543 million to the chief techie.
3) There are almost no records left.
Most decisions were made in chat, with messages being automatically deleted after a certain amount of time.
4) FTX, a $32 billion company, has never had a board of directors.
5) FTX didn't have cash management.
Management had no idea how much cash was on hand at any given time, or even where it was in principle.
6) FTX didn't keep proper records of who they hired. Employees and contractors mingled at different companies without proper documentation of how they spent their time.
Certain employees cannot be found at all: this may mean that some employees were fake.
7) Corporate funds were used to purchase real estate for personal use. And the leaders rewrote it for themselves.
8) Cryptocurrency deposited by clients was not even entered into the financial/accounting system. Presumably, all crypto assets were simply dumped into one heap and, if necessary, seized for anything.
9) The statement clearly states that Sam Bankman is not currently speaking on behalf of the company at all (including all of his inadequate factual statements).
And you continue to look for venture stories in the format “where did a16z go there?”
🔥 The best crypto stories in all 8 years in this market, with the highest ROI, did not have a single large or branded fund.
There are only 2 - 3 exceptions per army of 100 cases.
📌 Text taken from the Internet - source unknown
@finsignal
Coinbase bought an entire page in The Wall Street Journal with a bold headline "Trust us"
“You can trust us. But you don't have to. You deserve a decentralized system where you don't have to trust us or any other organization."
@finsignal
⚡️ The new CEO of FTX John Ray, who has seen many bankruptcies, including Enron, said that he had never seen such a f*ck as in FTX
“Never seen anything worse than FTX. Never in my career have I seen such a complete failure of corporate control and such a complete lack of reliable financial information as here.”
"Never seen anything as bad as FTX. Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here"
According to Bankruptcy Consultant, Sam SBF screwed up much worse than the CEO of Enron
@finsignal
⚡️ Citigroup, HSBC, Mastercard and Wells Fargo & Co are participating in a digital dollar experiment with the New York Fed Innovation Center. The pilot project will test how banks using digital dollar tokens in a common database can help speed up payments.
@finsignal
#LastNews
🔹️Oxygen reported that its primary custodian was FTX
🔹️Sam Bankman-Fried SBF will try to raise liquidity for the FTX exchange
🔹️US authorities want to extradite Sam Bankman-Fried for questioning
🔹️Anonymous coins like XMR ZEC DASH may be banned in Europe
🔹️Auditors Confirm Luna Foundation Guard Spent $2.8B To Maintain UST Parity With Dollar
🔹️The hacker who stole 228,523 ETH ~$288.5 million from the FTX exchange entered the list of Ethereum-whales from CoinCarp - He took 35th place
🔹️In fiscal year 2022, the SEC issued $6.4 billion in fines - in total, the agency filed more than 700 lawsuits during this period
🔹️Circle integrates ApplePay, reveals its investment in FTX, and predicts a loss of $3 billion due to USDC to BUSD conversion
🔹️Crypto Lending Platform BlockFi Prepares to File for Chapter 11 Bankruptcy
@finsignal
🗣 Binance Temporarily Stops Deposits in USDT and USDC Issued on the Solana Network - Exchange Announcement
Cryptocurrency exchange OKX announced the delisting of these assets.
@finsignal
📈 Moderate growth. Crypt in the morning
The risks of a further collapse of major exchanges and creditors with parallel cascading liquidations in a variety of assets still remain, which prevents the market from bouncing the market from the local bottom. Opinion leaders are encouraging the market: President of El Salvador and CEO of Tron Justin Sun agreed to buy one BTC daily.
The stock market also froze at its local trading levels. The main news background has been won back, therefore, there are no support funds for the crypt from the side yet.
Fear and Greed Index 20 - Extreme fear.
Market capitalization - $ 829.37 billion.
Bitcoin dominance - 37.62%.
Altseason index - 41
@finsignal
⚡️ The People's Court of Shangrao City, Guangxi Province, convicted a hacker who stole over 383 ETH from a victim's phone using a Trojan.
@finsignal
📶 Ripple denied information about the deal with the SEC thrown by Fox Business
As reported by U.Today, Ripple CEO Brad Garlinghouse said the lawsuit will likely end in the first half of 2023.
There is a thaw in relations: both parties have filed petitions for a simplified decision in order not to bring the case to court.
@finsignal
A little not about crypto❗️❗️❗️
We are 8 billion people⚡️⚡️⚡️
The number of people on Earth has reached 8 billion, the press service of the UN reported, citing the calculations of the world organization.
There are more and more of us, and BTC in total will be mined 21 million, think about it 🐳
@finsignal
📈 Against regulators. Crypt in the morning (look above)
The giants of the crypto industry continue to fight to keep the value of the crypto. But not everything is so simple. Yesterday, Musk and Snowden assured that Bitcoin would survive and grow - and today the industry is uniting to oppose the regulator. It seems that the very giants who support the cryptocurrency will also control it. The crypto industry is very afraid that it will be regulated according to the principle of classical finance, and then it will become more difficult to attract money.
How to protect yourself from the regulator? Changpeng “CZ” Zhao, CEO of Binance, said: Ethereum creator Vitalik Buterin will create a “proof of reserve” protocol and then use Binance as a “guinea pig.”
Ripple is positive. She promises that already in the first quarter of 2023, endless litigation with the SEC will end in victory. If Ripple really wins the case, then it will be a powerful precedent for the entire industry and the recognition that cryptocurrency is not a security. Such a status would be very dangerous, because securities are subject to special regulation and, therefore, should be removed from the classic crypto exchanges.
• index of fear and greed - 22 (extreme fear)
• market capitalization — $849 billion
• Bitcoin dominance — 38.2%
• alt season index — 49
@finsignal
🔸 Head of the Crypto exchange. Com said the company has a solid balance sheet
He added that the exchange does not use clients' money as collateral.
@finsignal