DYOR

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tldr; Miami nightclubs have been rocked by the absence of big-spending crypto whales amid the market's deep freeze. E11even, a club that accepted payment in cryptocurrency, processed $6+ million worth of transactions last year. In the last three months, it's taken in less than $10,000. The city's personal token, MiamiCoin, has dropped 99% from its peak *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The collapse of the Terra stablecoin and its sister cryptocurrency Luna in May resulted in losses to hundreds of thousands of investors worldwide Prosecutors investigating the crash are looking to charge Shin, who co-founded Terraform Labs with CEO Do Kwon, and 7 others with fraud and other offences Published: 6:00am, 1 Dec, 2022 Updated: 6:00am, 1 Dec, 2022 *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; The European Central Bank has said that bitcoin is on a "road to irrelevance" and that it's not suitable as an investment or as a means of payment. "Bitcoin has never been used to any significant extent for legal real-world transactions," the ECB said. The central bank added that bitcoin doesn't generate cash flow, dividends or provide social benefits. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Diamond edition is constructed from anodized brushed aluminium, with a beautifully cut diamond on the front side and a unique laser engraving on both sides. The only limit is your imagination. Make sure that your new crypto wallet will be, not only the safest wallet in the world, but also the most beautiful and unique crypto wallet! *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

ocearizona

Fidelity is NOT even CLOSE to FTX hahaha!! Are you kidding?!! Fidelity offers the BEST Consumer Protections in the business. They're the leading provider of consumer 401Ks/IRAs/College Savings Funds in America!! WOW!! DYOR dude. Get your mind right

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tldr; Former Etherium core developer Lane Rettig says crypto could change everything, from the way businesses are formed and run, to how tickets are purchased for sporting events and concerts, and how salaries are paid. “It’s the beginning of a new economy that creates value for people everywhere,” he said. He likened it to 1980, before Apple introduced the Mac. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; BlackRock CEO Larry Fink has said that there appear to have been "misbehaviors" by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future. "We're going to have to wait to see how this all plays out (with FTX)," he added. BlackRock invested $24 million in FTX through a billionaire fund it manages. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Joshua David Nicholas, the head trader of EmpiresX, has been sentenced to over four years in prison for his role in a $100 million crypto Ponzi scheme. Nicholas was convicted of conspiracy to commit securities fraud in September. He was sentenced to 51 months in prison along with three years of supervised release. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; FTX founder Sam Bankman-Fried, during an interview with CNBC's Andrew Ross Sorkin, said he was "as truthful as I am knowledgable to be." "There's some things I wish I knew more about. But yes, I was. I was acting as a representative, as a marketer for FTX," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; A 68-year-old Michigan woman was scammed out of thousands of dollars by a scammer posing as a representative of the Federal Trade Commission. The woman was told to withdraw $15,000 from her bank account and to tell the clerk it was for medical bills. She was kept on the phone for more than five hours before the scammer allowed her to disconnect the call. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Telegram CEO Pavel Durov has announced the development of a new decentralized exchange platform and crypto wallet. He says the move could help right the wrongs caused by excessive centralization in the crypto industry. Earlier this month, FTX went bankrupt after its CEO allegedly mishandled billions of dollars worth of customer funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BlockFi has commenced Chapter 11 bankruptcy proceedings under the Bankruptcy Court for the District of New Jersey. Stuart Alderoty, Ripple’s general counsel, said that the SEC is responsible for the circumstances surrounding BlockFi's bankruptcy. He also raised questions about the $270 million loan outstanding and some unknown amounts owed to BlockFi by FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Crypto influencers have been accused of colluding with fly-by-night projects. They allegedly promoted tokens to people with little understanding of the risks involved in crypto assets, resulting in massive losses for the buyers. It's a typical pump-and-dump scam where only the influencer and project team profit from the misery of others, observers say. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Blockchain gaming has a lot of growing up to do, especially when it comes to play-to-earn games like Axie Infinity. The game model relies on a constant inflow of new players to sustain it, which is not guaranteed. Developers need to focus on awesome game design instead of trying to prop up their tokens. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Sam Bankman-Fried denied his team at FTX engaged in recreational drug use, saying he was prescribed medication to help with focus and concentration. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Six exchanges ordered to disclose customer details to help trace funds overseas *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Cryptocurrency today is a trillion-dollar industry. Brands need a fail-proof crypto marketing plan to confirm their project is not just seen but goes viral. Online crypto communities are the most-effective method to build and engage a like-minded audience. Social proof on social media platforms can create positive hype around a crypto brand in no time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; The collapse of FTX and increasing incidents of fraud are forcing auditors to make harder choices concerning crypto companies. Many have raised the status of their crypto-related clients to “high risk,” while others have dropped them altogether. According to one firm, high risk clients require much more thorough examinations that are also broader in scope. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bitcoin seems easy to understand at first (it’s just magic internet money, right?), however truly grasping its significance is a formidable task. Once you think you have Bitcoin figured out, you’ll see it from another perspective and realize how little you actually knew. Bitcoin is not like any type of gold coin, Bitcoin is more like the element gold. Its integrity is protected by inviolable laws of mathematics. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; This article was originally posted on The Mindful Inquisitor. Where is technology taking us? Will robots *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Reserve Bank of Australia has made public that it suffered losses in its bond purchasing *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Ex-FTX CEO Sam Bankman-Fried defended himself from accusations of fraud and claimed that FTX's troubles stemmed from an accounting error. He said he didn't ever try to commit fraud on anyone and was "shocked" by what happened this month. He also said he regretted filing FTX US for bankruptcy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; North Korean hackers have stolen about US$1 billion in cryptocurrency this year, according to Chainalysis. North Korea has between 6,000 and 7,000 hackers working both inside and outside the country, and has invested in its national cybercrime arsenal for some 15 years. It's almost impossible for an organisation to defend itself against an army of this calibre once it comes charging. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Former FTX CEO Sam Bankman-Fried has claimed to have "unknowingly commingled funds" between Alameda and customer funds at FTX. "I wasn't running Alameda, I didn't know exactly what [was] going on. I didn’t know the size of their position," he said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Federal Reserve Chair Jerome Powell on Wednesday said that the Fed will slow down the pace of interest rate hikes, adding that the central bank may ultimately raise rates to a higher level than it initially planned. "We don't want to overtighten, so that's why we are slowing down, and we are going to find our way to where the right level is," he said. Notably, the Fed has raised interest rates six times this year, to a range of 3.75% to 4%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bitcoin spiked over 3.8% higher on Wednesday after Fed Chair Jerome Powell suggested the central bank could begin easing back on its interest rate hikes starting as early as next month. Bitcoin's jump higher confirmed the crypto is now trading in an uptrend pattern. Bitcoin has resistance above at $17,580 and $19,915 and support below at $16,000 and $ *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Former FTX CEO Sam Bankman-Fried said he "didn't do a good job" at upholding his responsibilities to regulators, customers, and investors. "I saw it as a thriving business and I was shocked by what happened this month," he said. "The time I really knew there was a problem was November 6," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Bitcoin is in an accumulation phase similar to the market bottoms of 2015 and 2018, according to Willy Woo. Buyers have recently stepped in to support Bitcoin, lowering its volatility and putting it in a sideways trend. Woo says BTC is showing resilience in the face of market headwinds, including BlockFi’s recent bankruptcy filing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Speaking at the New York Times Dealbook event, Sam Bankman-Fried said he didn’t “knowingly commingle funds” between FTX and Alameda. He added that he was “embarrassed” about his inability to anticipate the scale of the “market crash.” He blamed poor internal dashboards for poor management *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Y9 Bank, an emerging market focused digital microfinance service, will integrate Algorand blockchain technology as part of its ecosystem aimed at driving meaningful financial and digital inclusion across Africa and beyond. Y9's current suite of services will include, among others, the Buy Now Pay Later short-term loans to finance everyday purchases. To date, Y9 has reached a few thousand customers across Tanzania. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Rosenblatt Securities initiated coverage on Bakkt Holdings with a Buy rating and set a price target of $2.20. The company offers a “one-stop-shop” of payments, crypto, loyalty and rewards, the analysts said. Bakkt's upcoming acquisition of Apex Crypto is expected to close in the first half of 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto exchange FTX and Alameda Research filed for bankruptcy on November 11, 2022. FTX was founded by Sam Bankman-Fried (SBF) and Gary Wang, and was at one stage the third largest cryptocurrency exchange in the world. SBF resigned as CEO of FTX at the time of the bankruptcy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto startup FTX founder Sam Bankman-Fried has said he "didn't try to commit fraud" and "made a lot of mistakes" as he is grilled publicly for the first time since his company's collapse and filing for bankruptcy. "I was CEO of FTX and that means whatever happened I had a duty to our stakeholders...to do right by them. I didn't do a good job of that," he added. He is currently under investigation from the Securities and Exchange Commission and the Commodity Futures Trading Commission. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Ripple's General Counsel Stuart Alderoty has slammed the US Securities and Exchange Commission (SEC) for its alleged role in bringing BlockFi to its knees. In February 2022, the SEC fined BlockFi $100 million for failing to register the offers and sales of its retail crypto lending product. However, Bankruptcy documents filed on Monday showed that BlockFi still owed the SEC $30 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; ECB officials Ulrich Bindseil and Jürgen Schaaf say that Bitcoin's price drop from its peak of $69,000 to $17,000 is an indicator that BTC is on its last legs. The duo also question Bitcoin's utility, saying its technology is not fit for payments and that its valuation is purely based on speculation. Bitcoin is not suitable as an investment as it lacks characteristics found in traditional assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Telegram CEO Pavel Durov has announced that the messaging platform will begin building “non-custodial wallets” and “decentralized exchanges” that would let millions of users safely trade their crypto. “This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users,” he said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Chamber of Deputies of Brazil has passed a law that legalizes the use of cryptocurrencies as a payment method within the country. The law will include digital currencies and air mileage programs in the definition of payment methods under the supervision of the country's central bank. However, tokens that will be considered securities will remain under the jurisdiction of the Brazilian Securities and Exchange Commission. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; US Federal Reserve Governor Lisa Cook said the fact that several digital asset platforms have been able to fail without impacting the broader financial system is proof that regulators have the tools they need to prevent spillover from issues in the cryptocurrency and stablecoin markets. "Because we haven't seen the crypto crisis lead, thus far, to a financial crisis, that says that the regular banking regulations have stood up," she added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Russian billionaire Viacheslav Taran, who died in a helicopter crash in France, was reportedly giving money to Ukrainians fleeing Russian President Vladimir Putin's troops before his death. Taran was the co-founder and controlling shareholder of Retail FX and brokerage brands Libertex and Forex Club. He is also alleged to have had connections to Russian foreign intelligence agency SVR. His wife Olga Taran has said that her late husband has "always supported Ukraine". *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BlackRock CEO Larry Fink has said that there appear to have been "misbehaviors" by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future. "We're going to have to wait to see how this all plays out (with FTX)," he added. BlackRock invested $24 million in FTX through a billionaire fund it manages. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

SpandexPanFried

Sure you do, all of this is hilarious nonsense. 200 million people do not own bitcoin. The vast majority is either lost or held by institutions. You're a mark and a rube and you don't even know it. Your condescending "DYOR" bull at the end is such typical crypto maxi nonsense. Have you not noticed that nobody outside your little bubble gives a shit about your monopoly money? Nobody uses it. The vast majority of trades are wash trades to keep the price up. Keep huffing your own farts, though.

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tldr; European Central Bank officials have said that bitcoin is "rarely used for legal transactions" and is fueled by speculation. The value of bitcoin recently finding stability at around $20,000 was “an artificially induced last gasp before the road to irrelevance,” they added. The central bankers also urged regulators to not lend legitimacy to digital tokens in the name of innovation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Telegram CEO Pavel Durov has announced that the messaging platform is planning to launch a suite of decentralized crypto products, including a decentralized crypto exchange and non-custodial wallet. The announcement comes amid the ongoing fallout due to the collapse of the cryptocurrency exchange FTX. Telegram launched The Open Network and Toncoin in May 2020. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BlockFi has sued FTX founder Sam Bankman-Fried's holding company to recover Robinhood shares pledged as collateral for a loan. The case was filed in a New Jersey court on Monday, the same day BlockFi filed for Chapter 11 bankruptcy. BlockFi claimed in its complaint that it entered into an agreement with Emergent Fidelity Technologies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Carbon has launched Nitron, a cross-chain and non-custodial platform where users lend and borrow permissionlessly. Nitron will also be introducing its own Cosmos-native stablecoin called USC. Carbon stablecoin is expected to increase the revenue for SWTH stakers as well. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; “We ended up not really knowing how much money we even had,” one former employee said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Federal Reserve Chairman Jerome Powell on Wednesday said that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. "It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down," he added. However, he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; MEPs cast doubt on robustness of bloc’s incoming regulations as ECB officials criticise bitcoin’s legitimacy *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Federal Reserve Chairman Jerome Powell has said that he thinks there's a good chance for smaller rate hikes, beginning next month, but needs "substantially" more evidence that inflation is slowing before the central bank can pivot from its aggressive tightening policy. "Monetary policy affects the economy and inflation with uncertain lags, and the full effects of our rapid tightening so far are yet to be felt," he added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The European Central Bank (ECB) has made a strong attack on the world of cryptocurrencies and blockchain. The Central Bank said that Bitcoin is rarely used for legal transactions and that real Bitcoin transactions are cumbersome, slow and expensive. However, the authors are completely unaware of the characteristics and benefits that many of them provide. Cryptocurrencies are an excellent payment method for the purchase of products and services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The European Central Bank (ECB) has said that Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling. "Big bitcoin investors have the strongest incentives to keep the euphoria going," the ECB said. The value of bitcoin peaked at nearly $69,000 in November 2021 before falling to around $17,000 by June 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Sam Bankman-Fried, the former CEO of FTX, has revealed that the collapse of the cryptocurrency exchange wasn't caused by the reported liquidity crunch but by a "massive correlation of things during a free market moves." He also revealed that he didn't even know how to code FTX's code. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; US Senate Banking Committee Chair Sherrod Brown has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on comprehensive crypto legislation "in the wake of FTX’s implosion." Brown requested the Treasury secretary coordinate with regulators to address crypto based on recommendations from the Financial Stability Oversight Committee, or FSOC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; FTX founder and former CEO Sam Bankman-Fried said he donated about the same amount to both parties. "All my Republican donations were dark," he said, citing the Citizens United Supreme Court case. "Dark money" refers to spending meant to influence political outcomes where the source of the money is not disclosed. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Federal Reserve may have to keep interest rate hikes going for longer than previously expected. Jerome Powell, the Chairman of the Federal Reserve, said that the path forward for inflation remains “highly uncertain” and that there would be “more ground to cover” in this regard. The Fed has raised its benchmark interest rate in intervals of 75 basis points at a time. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Kraken, one of the longest-running crypto exchanges, has announced that it will be reducing its workforce by 20% in order to "take steps to weather Crypto Winter." The company cited "significantly lower trading volumes and fewer client sign-ups" and "negative influences on the financial markets" in 2022 as reasons for the reduction. Kraken has been around since 2011 and has tripled its workforce over the past several years. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The US Attorney's Office for the Eastern District of Texas has charged 21 people in a transnational crypto money-laundering network that washed millions in funds scammed from thousands of U.S. victims. An annual flow of over $300 million in laundered transactions has been disrupted, along with the seizure and forfeiture of millions in cash and cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Binance is enlisting accounting firm Mazars to verify its cryptocurrency reserves. Mazars' US unit previously worked for former US President Donald Trump and his company. Earlier this year, Mazars USA said it no longer stands by 10 years of financial statements for Trump. Binance has touted its efforts on transparency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Retail investors have continued accumulating bitcoin despite the collapse of FTX. Bitcoin shrimps added 96.2K BTC in the past few weeks, which is an all-time high balance increase. Whales have been "lightening" their holdings by offloading 6.5K BTC to exchanges within the same timeframe. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Rich Dad Poor Dad author Robert Kiyosaki believes that the world economy is the biggest bubble in world history. He doesn’t want to invest in equities, bonds, ETS or MFs. Instead, he wants to bet against the Fed, Treasury, Biden, and bet on gold, silver, Bitcoin, and real estate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Crypto billionaire Sam Bankman-Fried has said he gave equally large amounts of money to both Democrats and Republicans. He was the second-largest donor to Democratic politicians in the last election cycle. The revelation comes as a political battle over the collapse of FTX is shaping up in Washington. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Kraken has announced that it has cut down its global workforce by approximately 1,100 people, making up approximately 30% of its total workforce, amid current market conditions. Lower trading volumes and fewer client sign-ups amid turbulent market conditions have contributed to the company's decision. The company indicated that employees being let go will be given separation pay, performance bonuses, four months of healthcare coverage, immigration support, and career support. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Bitcoin's inflation rate fell from 50% in 2011 to 4% in 2020 prior to the halving and now stands at 1.7%. The US Federal Reserve ought to reconsider its 2% inflation rate target, given the rising interest hikes and the cost-benefit of a 4% monetary inflation rate. Bitcoin’s volatility has played an important role in its success. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Finery Markets, a multi-dealer electronic marketplace for institutional participants and a trading solutions provider for crypto markets, has raised $5.5 million in seed funding. The round was co-led by G1 Ventures, Gumi Cryptos Capital and Shima Capital. Investors including Communitas Capital, DV Chain, GravityX, Unlimint, Daedalus Angels, oneAlpha, Floating Point Group and others also joined the round. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Kraken is laying off about 30% of its headcount, or 1,100 people, "in order to adapt to current market conditions," co-founder and CEO Jesse Powell said. "We had to grow fast, more than tripling our workforce in order to provide those clients with the quality and service they expect of us," he added. "I remain extremely bullish on crypto and Kraken," he said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Kiplinger has written two articles on how cryptocurrency and non-fungible tokens (NFTs) will affect the next generation of investors. The first article focuses on kids and cryptocurrency, specifically how parents can teach and introduce their offspring to the new world of digital assets. The second article, focusing on NFTs, will publish in a couple of weeks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Cardano founder Charles Hoskinson said the collapse of crypto exchange FTX highlights the “absolute need” for decentralization. He added that failures of trust are driving a shift “from companies and people to protocols.” Hoskinson argued that his own creation, Cardano, has “outgrown its founder,” adding that, “good parties live on beyond their host. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BlackRock CEO Larry Fink has said most crypto companies will probably fold in the wake of FTX's collapse. "I actually believe most of the companies are not going to be around," Fink said. Fink, who invested roughly $24 million in FTX through a vehicle called a fund of funds, is a long-time skeptic of cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; BlockFi is suing Sam Bankman-Fried's holding company Emergent Fidelity Technologies, a holding company for the disgraced former CEO of the bankrupt crypto exchange FTX. The collateral has shares in the retail trading giant Robinhood. BlockFi announced its voluntary Chapter 11 filing earlier this week, naming the collapse of FTX as the primary cause. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Telegram CEO Pavel Durov has announced plans to build a set of decentralized crypto products, including a crypto exchange and non-custodial wallets. The new venture seeks to rectify the existing centralization of cryptocurrency entities, a factor he noted has let down millions of users with reference to the FTX exchange collapse. Notably, Telegram has recently made inroads into the crypto space with several products. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Binance represents 75% of all exchange volume, 8.5 times more than the second-largest exchange, Coinbase. In a panel discussion hosted by the Institute of Directors, BeInCrypto exclusively asked the industry leaders their opinion on who could dethrone Binance or what could lead to the fall. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Telegram CEO Pavel Durov (TechCrunch Disrupt Europe/Creative Commons) *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The most profitable environment in the history of industrial-scale mining quickly turned into one of the worst bear markets ever. In the past year, the break-even electricity price of mining with the Antminer S19j Pro has plummeted by 86% from the peak to $79 per MWh, while the average US industrial electricity price has increased to $82. The difference between having access to $30 or $70 per M *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; ECB's Ulrich Bindseil and Jürgen Schaff said Bitcoin has never been used to any significant extent for legal real-world transactions. They called the current price action "an artificially induced last gasp before the road to irrelevance." Bitcoin's value is reliant on continuing waves of fresh money from new investors, they added. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Former CEO of failed crypto exchange FTX Sam Bankman-Fried has revealed that he donated $40 million to the Democrats ahead of the 2022 midterm elections. This made him the party's second-biggest donor, behind only George Soros' $128 million, according to OpenSecrets. He said he donated "about the same amount to both parties this year". *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; The European Central Bank has said that bitcoin is on a "road to irrelevance" and that it's not suitable as an investment or as a means of payment. "Bitcoin has never been used to any significant extent for legal real-world transactions," the ECB said. The central bank added that bitcoin doesn't generate cash flow, dividends or provide social benefits. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Do Kwon, the CEO and co-founder of Terraform Labs, is still being sought by South Korean authorities. An arrest warrant was filed by the prosecution for Kwon and seven more engineers and investors of the company on the grounds that they may have made illicit profits prior to the collapse of the Terra ecosystem. Kwon insists that he is not evading South Korean police. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; The European Central Bank (ECB) has said that Bitcoin is being artificially propped up and should not be legitimised by regulators or financial companies as it is more akin to gambling. Bitcoin's recent stabilisation was "an artificially induced last gasp before the road to irrelevance", the ECB said in a blog post. The value of bitcoin peaked at nearly US$69,000 in November 2021 before falling to around US$17,000 by June 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Former CEO of failed crypto exchange FTX Sam Bankman-Fried has revealed that he donated $40 million to the Democrats ahead of the 2022 midterm elections. This made him the party's second-biggest donor, behind only George Soros' $128 million, according to OpenSecrets. He said he donated "about the same amount to both parties this year". *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Former FTX CEO Sam Bankman-Fried has denied that he had a backdoor installed to funnel funds between FTX and Alameda Research. He also said he never opened the codebase for any of FTX's tokens. The former CEO said he donated to Republicans in the dark to appease liberal media. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; FTX-owned derivatives trading platform LedgerX is reportedly preparing $175 million to be used in its parent firm’s bankruptcy proceedings. The funds would stem from $250 million that the firm had earmarked to bid on the right to clear crypto derivatives trades without using third-party intermediaries. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Uniswap Labs has announced the launch of an NFT aggregator on its website. Users will be able to examine listings from OpenSea, LooksRare, NFTX, and other NFT marketplaces simultaneously. In conjunction with the launch, the exchange will give its first 22,000 aggregator customers limited gas rebates on their first transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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tldr; Uniswap is the first major NFT platform to support NFTs and ERC-20 tokens in one place. The platform is open-source, trustless, and self-custodial, staying true to our values of decentralization. Users can save up to 15% on gas costs compared to other NFT aggregators when purchasing across marketplaces. *This summary is auto generated by a bot