Crypto News

The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review – The Weekly Bitcoin News

As theories proliferate wildly concerning the true nature of what occurred to failed crypto change FTX, little is but clear to the crypto neighborhood. Former CEO of FTX Sam Bankman-Fried has addressed the problem publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has additionally supplied an in-depth have a look at the rise and fall of the toppled change behemoth. All this and extra, slightly below.

FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific 'Sparring Partner'

FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’

On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto neighborhood in a thread posted to Twitter. SBF famous that he tousled and “should have done better” and likewise detailed that sooner or later he “might have more to say about a particular sparring partner.”

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From a $32 Billion Valuation to Financial Troubles: An In-Depth Look on the Rise and Fall of FTX

The cryptocurrency neighborhood has been coping with the FTX fiasco after Binance revealed that it was backing out of the deal to accumulate the rival change. Between Nov. 8-9, the crypto economic system shed greater than $230 billion in worth as FTX’s troubles shook traders. The following is an in-depth have a look at the cryptocurrency change FTX, the buying and selling platform that managed to rise to the highest and slide to the underside in lower than three years.

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Tim Draper Extends BTC Price Prediction by 6 Months — 'By Mid-2023, I’m Expecting to See Bitcoin Hit $250K'

Tim Draper Extends BTC Price Prediction by 6 Months — ‘By Mid-2023, I’m Expecting to See Bitcoin Hit $250K’

The American enterprise capitalist and founding father of Draper Fisher Jurvetson (DFJ), Tim Draper, remains to be assured in his bitcoin prediction that claims the crypto asset will faucet $250K per unit. Draper stated in April 2018, on the Draper University blockchain get together, that he predicted: “$250K by 2022.” At this year’s Web Summit 2022 occasion, Draper stated he “extended” his forecast “by six months,” as he now predicts bitcoin will faucet that value vary “by mid-2023.”

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Support for Ripple Grows in SEC Lawsuit Over XRP — CEO Says 'It's Unprecedented'

Support for Ripple Grows in SEC Lawsuit Over XRP — CEO Says ‘It’s Unprecedented’

Support for Ripple Labs in its combat towards the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It’s unprecedented,” Ripple CEO Brad Garlinghouse stated, including that every transient explains in its personal distinctive means “the irreparable harm the SEC will do to every facet of the U.S. crypto economy if it gets its way.”

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Tags in this story
Alameda Research, BTC prediction, CZ Binance, FTT, ftx, Gary Gensler, MIT, Ripple, Sam Bankman-Fried, SEC, sparring accomplice, Tim Draper

What are your ideas on the unfolding FTX saga? Does political corruption play into the downfall of Sam Bankman-Fried’s empire? Let us know in the feedback part beneath.

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