At least $1 billion of client funds are missing at failed crypto brokerage firm FTX, some sources say it could be as much as $2 billion but the exact numbers are not known yet as the investigation and bankruptcy proceeds. There were many bad signs and people questioning the FTX business model and even questioning […]
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FTX is a centralized cryptocurrency exchange that facilitated the trading in derivatives and leveraged products with a focus on all major cryptocurrencies founded by Sam Bankman-Fried, who was also their CEO before resigning this week. FTX was one of the most popular crypto exchanges and spent millions on advertising through influencers on YouTube and also
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Even though cryptocurrencies like Bitcoin and Ethereum have had huge run ups over time, they don’t go straight up and holding them is not as easy as people think in hindsight. The prices have moved both up and down many times creating a lot of emotions both good and bad at times in the people
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Cryptocurrency Chart Patterns Cryptocurrency price action creates chart patterns like any other market. The patterns formed are simply visual representations of the prices buyers and sellers bought and sold a token at in the past. There is no magic in chart patterns they just show what happened in the past and what has a higher
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What is Theta crypto? The Theta network was launched in the Spring of 2019 as an open-source blockchain and peer-to-peer network that provides high-quality video streaming for a low cost to developers. Theta is a blockchain based cryptocurrency that powers the Theta network that is a decentralized video delivery network built on a blockchain. This
There are currently approximately 149 cryptocurrencies available to trade through the Coinbase broker service or through their Coinbase wallet. This is a good fundamental bullish indicator for a cryptocurrency as being listed on Coinbase introduces it to a new audience of traders and investors and helps create more liquidity. Being listed through Coinbase’s brokerage service
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The current Satoshi Nakamoto net worth in 2022 is potentially $42 billion. This estimate is based on the early bitcoin wallets that are believed to belong to him that still hold 980,000 bitcoins valued at approximately $43,000 per bitcoin. Nakamoto wrote that work on the writing of the code for bitcoin began in 2007. On August 18, 2008 he
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Polkadot is an open source blockchain platform with a cryptocurrency that allows distributed computing. This network uses a proof of stake consensus algorithm to validate transactions. It uses the Blind Assignment protocol for Blockchain Extension (BABE) and is derived from Ouroboros. This protocol was adapted by the Ethereum co-founder Gavin Wood and was developed by
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Terra was created by Daniel Shin a graduate of Pennsylvania University and Do Kwon a graduate of Stanford. The white paper for the Terra blockchain was released in April 2019, the month its mainnet was launched. It describes Terra as a price-stable, growth-driven stablecoin that achieves price stability using an elastic money supply and enabled
After Bitcoin cryptocurrencies continued to grow and develop in many different ways. Below is a list of the most notable and innovative cryptocurrencies in chronological order by creation that have remained active. Creation year/Cryptocurrency/Ticker/Founder/Purpose and design 2009: Bitcoin BTC creator Satoshi Nakamoto: The first and most widely used decentralized ledger currency, remains the one with
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