With the colossal collapse of crypto change FTX in latest weeks, pleasure on this planet of cryptocurrency and finance has been in no quick provide. Former FTX CEO Sam Bankman-Fried’s non-public jet was reportedly noticed heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying that “The injury right here is large,” and plenty of, many extra tales surrounding the debacle have emerged. On prime of this, extra so-called sleeping bitcoins have awoken, and Elon Musk has given his two cents on bitcoin and dogecoin as soon as extra.
Flight Radar Report Exhibits FTX Co-Founder’s Personal Jet Flew to Argentina, SBF Says He’s Nonetheless within the Bahamas
Based on Flightradar24’s official Twitter account, probably the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) non-public jet flying from the Bahamas to Argentina. Whereas the flight monitor doesn’t imply SBF took the flight, numerous individuals suspected somebody from SBF’s inside circle did fly out of the Bahamas. The previous FTX CEO, nevertheless, texted Reuters after the flight report, and informed the information outlet he didn’t depart the Bahamas.
Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon
Tesla CEO and Twitter chief Elon Musk has made bullish statements about bitcoin and dogecoin regardless of crypto market sell-offs. He stated bitcoin “will make it” and “DOGE to the moon.” Amid crypto winter and the chaos surrounding bankrupt crypto change FTX, Musk believes there’s a future for bitcoin, ethereum, and dogecoin.
Kraken CEO Discusses Affect of FTX Failure — Says Injury to Crypto Trade Is Big, Will Take Years to Undo
The CEO of cryptocurrency change Kraken has outlined the impression of FTX’s failure on the crypto trade. After itemizing a number of crimson flags, the manager confused: “The injury right here is large … We’re going to be working to undo this for years.”
6,522 ‘Sleeping Bitcoins’ Value $107 Million Wake Up After 5 Years of Inactivity
On Nov. 16, 2022, at Bitcoin block peak 763,474, somebody transferred 6,522 bitcoin value roughly $107 million after the cash sat idle for greater than 5 years. Whereas bitcoin’s worth is 75% decrease than it was a yr in the past, so-called sleeping bitcoins have been waking up amid the latest crypto market capitulation.
What are your ideas on this week’s prime tales? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss prompted or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.