Crypto speak: SBF
“SBF” stands for Sam Bankman-Fried, the founder of the FTX crypto exchange, which, last year, was ranked second among all major rankings of cryptocurrency trading platforms behind only Binance.
In the fall of 2022, the FTX platform collapsed. There were a lot of discussions and theories surrounding its demise (there is even a widely held theory that FTX was eliminated by the well-known CZ). But anyway: SBF is now under investigation and in jail, and his next trial is scheduled for October 3.
SBF himself recently described himself as “one of the most hated people in the world.” The former FTX head faces up to 115 years in prison (that’s not a typo).
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“SBF” stands for Sam Bankman-Fried, the founder of the FTX crypto exchange, which, last year, was ranked second among all major rankings of cryptocurrency trading platforms behind only Binance.
In the fall of 2022, the FTX platform collapsed. There were a lot of discussions and theories surrounding its demise (there is even a widely held theory that FTX was eliminated by the well-known CZ). But anyway: SBF is now under investigation and in jail, and his next trial is scheduled for October 3.
SBF himself recently described himself as “one of the most hated people in the world.” The former FTX head faces up to 115 years in prison (that’s not a typo).
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🇮🇱🟠 Binance assisted Israel in freezing Hamas cryptocurrency accounts.
Israeli police have frozen cryptocurrency accounts linked to Palestinian militant group Hamas. The cyber arm of Israel Police's Lahav 433 unit worked with the country’s defense ministry, intelligence agencies and crypto exchange Binance to target the accounts in question. It added that any funds seized are destined for the Israeli national treasury.
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Israeli police have frozen cryptocurrency accounts linked to Palestinian militant group Hamas. The cyber arm of Israel Police's Lahav 433 unit worked with the country’s defense ministry, intelligence agencies and crypto exchange Binance to target the accounts in question. It added that any funds seized are destined for the Israeli national treasury.
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📊 What is the fundamental difference between cryptocurrency token pricing in bull and bear markets?
Just evaluate the role of fundamentals in proportion to the hype and speculative component!
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Just evaluate the role of fundamentals in proportion to the hype and speculative component!
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💸💸What does Warren Buffett think about crypto?💸
Warren Buffett has truly been one of the most consistent critics of cryptocurrencies.
By his definition, Bitcoin is “probably rat poison squared,” and the cryptocurrency market is a place where “dubious individuals are trying to screw over people who dream of getting rich by looking at their neighbors who got rich by buying stuff none of them know anything about.”
“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich, and they aren’t,” he said. “And their spouse is saying, Can’t you figure it out, too? It is so contagious. So, that’s a permanent part of the system.”
Not the most optimistic reasoning, is it?
But let’s not forget that Buffett, although a great investor, is still a human being, who, by the way, has also made big mistakes in analyzing assets in his career (just like all of us).
The reality is that many reputable economists, entrepreneurs, and investors believe in the bright future of our industry #money 💸💸💪😎🚀
Warren Buffett has truly been one of the most consistent critics of cryptocurrencies.
By his definition, Bitcoin is “probably rat poison squared,” and the cryptocurrency market is a place where “dubious individuals are trying to screw over people who dream of getting rich by looking at their neighbors who got rich by buying stuff none of them know anything about.”
“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich, and they aren’t,” he said. “And their spouse is saying, Can’t you figure it out, too? It is so contagious. So, that’s a permanent part of the system.”
Not the most optimistic reasoning, is it?
But let’s not forget that Buffett, although a great investor, is still a human being, who, by the way, has also made big mistakes in analyzing assets in his career (just like all of us).
The reality is that many reputable economists, entrepreneurs, and investors believe in the bright future of our industry #money 💸💸💪😎🚀
#News
🥇 Elon Musk mentioned that Tesla would recommence Bitcoin payments once mining becomes approximately 50% sustainable.
Bloomberg has now released a report verifying that the current sustainable usage surpasses 50%.
👉🏻 Elon, when will Tesla resume accepting $BTC payments?
🥇 Elon Musk mentioned that Tesla would recommence Bitcoin payments once mining becomes approximately 50% sustainable.
Bloomberg has now released a report verifying that the current sustainable usage surpasses 50%.
👉🏻 Elon, when will Tesla resume accepting $BTC payments?
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#Todays lesson😊😊
What is Defi and NFT and its connectiom with crypto💸💸✌️✌️
#DeFi (Decentralized Finance): DeFi refers to a set of financial applications and platforms built on blockchain technology that aim to recreate traditional financial systems in a decentralized and permissionless manner. DeFi eliminates intermediaries like banks and allows users to access financial services directly. It encompasses various activities such as lending, borrowing, decentralized exchanges, yield farming, and staking. DeFi protocols typically utilize smart contracts to automate and execute financial transactions, providing users with increased transparency, control, and potentially higher yields compared to traditional financial systems.
#NFTs (Non-Fungible Tokens): NFTs are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content on the blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and cannot be exchanged on a like-for-like basis. NFTs are commonly used for digital art, collectibles, virtual real estate, and in-game items. Each NFT has a distinct value and can be bought, sold, and traded on NFT marketplaces. They rely on blockchain technology to provide provable scarcity, verifiable ownership, and immutable records of transactions, bringing unique digital assets into the mainstream.
💸✌️we will contniue with another lesson please follow our channel you will learn a lot.
What is Defi and NFT and its connectiom with crypto💸💸✌️✌️
#DeFi (Decentralized Finance): DeFi refers to a set of financial applications and platforms built on blockchain technology that aim to recreate traditional financial systems in a decentralized and permissionless manner. DeFi eliminates intermediaries like banks and allows users to access financial services directly. It encompasses various activities such as lending, borrowing, decentralized exchanges, yield farming, and staking. DeFi protocols typically utilize smart contracts to automate and execute financial transactions, providing users with increased transparency, control, and potentially higher yields compared to traditional financial systems.
#NFTs (Non-Fungible Tokens): NFTs are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content on the blockchain. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are indivisible and cannot be exchanged on a like-for-like basis. NFTs are commonly used for digital art, collectibles, virtual real estate, and in-game items. Each NFT has a distinct value and can be bought, sold, and traded on NFT marketplaces. They rely on blockchain technology to provide provable scarcity, verifiable ownership, and immutable records of transactions, bringing unique digital assets into the mainstream.
💸✌️we will contniue with another lesson please follow our channel you will learn a lot.
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Buenos Aires will start issuing blockchain-based digital identity cards.
As early as October this year, Buenos Aires residents will be able to receive digital versions of birth and marriage certificates directly in their digital wallet!
Future plans include the integration of medical data, passports, and driver’s licenses. By the end of the year, a roadmap will have been published that will see blockchain solutions adopted nationwide.
Does anyone still think blockchains are a temporary fad? =)
As early as October this year, Buenos Aires residents will be able to receive digital versions of birth and marriage certificates directly in their digital wallet!
Future plans include the integration of medical data, passports, and driver’s licenses. By the end of the year, a roadmap will have been published that will see blockchain solutions adopted nationwide.
Does anyone still think blockchains are a temporary fad? =)
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Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).
Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.
Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.
In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.
Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.
In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
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