FTX CEO assesses prospects for the crypto market due to events around Ukraine
One option for the further development of the crypto market in a new world order - the recovery and further growth in the long term digital assets due to the destabilization of the traditional financial system.
Such a forecast was made by Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX.
So he commented on the military operation in Ukraine, declared by Russian President Vladimir Putin in the morning of February 24.
Also the head of FTX called the current economic situation extremely unstable and unpredictable.
Bankman-Fried believes the world is out of the stage of stability it has been in for the past year and a half.
💎 @TgBitcoin
One option for the further development of the crypto market in a new world order - the recovery and further growth in the long term digital assets due to the destabilization of the traditional financial system.
Such a forecast was made by Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX.
So he commented on the military operation in Ukraine, declared by Russian President Vladimir Putin in the morning of February 24.
Also the head of FTX called the current economic situation extremely unstable and unpredictable.
Bankman-Fried believes the world is out of the stage of stability it has been in for the past year and a half.
💎 @TgBitcoin
The richest man in the crypto industry gave away $25 to Ukrainian users of his crypto exchange
FTX crypto exchange of the richest man in the crypto industry according to Forbes Sam Bankman-Fried handed out $25 to its Ukrainian users.
"We just gave away $25 to every Ukrainian on FTX. Do what you have to do," wrote the richest man in the crypto industry.
Numerous members of the cryptocommunity decided the FTX gesture was nothing more than a publicity campaign.
Residents from other countries, who have repeatedly faced military aggression, were also outraged.
Subscribers felt it was unfair the cryptocurrency exchange didn't support them in tough times.
💎 @TgBitcoin
FTX crypto exchange of the richest man in the crypto industry according to Forbes Sam Bankman-Fried handed out $25 to its Ukrainian users.
"We just gave away $25 to every Ukrainian on FTX. Do what you have to do," wrote the richest man in the crypto industry.
Numerous members of the cryptocommunity decided the FTX gesture was nothing more than a publicity campaign.
Residents from other countries, who have repeatedly faced military aggression, were also outraged.
Subscribers felt it was unfair the cryptocurrency exchange didn't support them in tough times.
💎 @TgBitcoin
The CME institutionals, despite the dump, did not make any significant changes in positions.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
US, EU governments pledge to remove 'selected' Russian banks from SWIFT network
The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT.
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👉🏼 @TgBitcoin
The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT.
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👉🏼 @TgBitcoin
Russian Bitcoin and Other Cryptocurrencies Could Be Part of Future Sanctions
Washington is considering a novel area for possible further sanctions against Russia: cryptocurrencies.
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👉🏼 @TgBitcoin
Washington is considering a novel area for possible further sanctions against Russia: cryptocurrencies.
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👉🏼 @TgBitcoin
Executive Leaves Goldman Sachs for Coinbase — Says It’s Time to Embrace Crypto, Create Economic Freedom
An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital evolution.”
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👉🏼 @TgBitcoin
An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital evolution.”
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👉🏼 @TgBitcoin
"Bitcoin is going to fall to $20k."
Analyst predicted the collapse of the cryptocurrency
Cryptoanalyst Benjamin Cowen claims in the next few months it is highly likely that bitcoin will collapse to $20 thousand.
Cowen referred to historical data, according to which the bitcoin rate returned to the 200-week moving average (MA) in the correction phase most of the time. On Feb. 25, it passes around $20,000.
"If we’re going to the 200-week moving average, I think it would actually occur a lot sooner than May of 2023. I think it’s more likely to occur in the next few months rather than really far out," the analyst noted.
💎 @TgBitcoin
Analyst predicted the collapse of the cryptocurrency
Cryptoanalyst Benjamin Cowen claims in the next few months it is highly likely that bitcoin will collapse to $20 thousand.
Cowen referred to historical data, according to which the bitcoin rate returned to the 200-week moving average (MA) in the correction phase most of the time. On Feb. 25, it passes around $20,000.
"If we’re going to the 200-week moving average, I think it would actually occur a lot sooner than May of 2023. I think it’s more likely to occur in the next few months rather than really far out," the analyst noted.
💎 @TgBitcoin
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice.
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👉🏼 @TgBitcoin
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice.
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👉🏼 @TgBitcoin
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Russians search for cash at ATM machines as west imposes severe sanctions on banks
Demand for cash in Russia on Thursday stood at 111.3 billion roubles ($1.34 billion) and was the highest since March 2020, central bank data showed.
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👉🏼 @TgBitcoin
Demand for cash in Russia on Thursday stood at 111.3 billion roubles ($1.34 billion) and was the highest since March 2020, central bank data showed.
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👉🏼 @TgBitcoin
Dogecoin co-founder criticized "meme" cryptocurrencies over lust for profit
Dogecoin co-founder Billy Marcus wrote on Twitter that "meme" cryptocurrencies have long ceased to be "satire".
According to Marcus, Dogecoin was created eight years ago to mock the useless tokens popping up daily on the crypto market.
Nowadays, though, "meme" cryptocurrencies are only issued for profit and gain by their creators.
"Spam advertising, lying about who is involved in a project, making up ridiculous promises, desperately trying to get Elon’s attention to promote you, etc. are not clever or amusing," Marcus noted.
💎 @TgBitcoin
Dogecoin co-founder Billy Marcus wrote on Twitter that "meme" cryptocurrencies have long ceased to be "satire".
According to Marcus, Dogecoin was created eight years ago to mock the useless tokens popping up daily on the crypto market.
Nowadays, though, "meme" cryptocurrencies are only issued for profit and gain by their creators.
"Spam advertising, lying about who is involved in a project, making up ridiculous promises, desperately trying to get Elon’s attention to promote you, etc. are not clever or amusing," Marcus noted.
💎 @TgBitcoin
EuroSwap EDEX reaches the final stage before launching on a major exchange
This announcement appeared in the official channels of the community.
Besides, we know that at this stage the team will consider the most favorable offers from the leading cryptocurrency exchanges.
Exact details about the launch of tokens on the exchange will be seen in late February or early March 2022.
For now, we just have heard that the EDEX project has already completed the main preparatory stage and is getting ready to launch a trading session with a full package of offers for investors and traders with different capital.
The fact that EDEX has been recognized by such a well-known auditor gives investors confidence in the full and proper operation of the project's smart contracts.
EuroSwap, for the first time in world history, will allow buying and selling cryptocurrencies on a decentralized exchange for the euro.
EDEX will allow transactions between the fiat euro and cryptocurrencies.
💎 @TgBitcoin
This announcement appeared in the official channels of the community.
Besides, we know that at this stage the team will consider the most favorable offers from the leading cryptocurrency exchanges.
Exact details about the launch of tokens on the exchange will be seen in late February or early March 2022.
For now, we just have heard that the EDEX project has already completed the main preparatory stage and is getting ready to launch a trading session with a full package of offers for investors and traders with different capital.
The fact that EDEX has been recognized by such a well-known auditor gives investors confidence in the full and proper operation of the project's smart contracts.
EuroSwap, for the first time in world history, will allow buying and selling cryptocurrencies on a decentralized exchange for the euro.
EDEX will allow transactions between the fiat euro and cryptocurrencies.
💎 @TgBitcoin
Why do people take credits on GameFi and reasons not to do so
GameFi is short for "game" and "financial".
This term refers to a segment of the game where you can earn money.
Consider how much you need to spend to be able to earn in GameFi.
Let's take Axie Infinity as an example.
To start earning from the game, you need at least a few hundred dollars. The money is needed to buy in-game NFTs.
According to Reddit users, you can form your "army" of axics to start earning in Axie Infinity for $400-600.
Those wishing to purchase top in-game NFTs will need to spend over $1000.
Earnings in the game range from $7-13 per day ($217-403/month).
Accordingly, it can take over a month to recoup your investment in Axie Infinity, and that's assuming the owner of gaming NFTs plays regularly.
Based on the Salary Explorer platform, the average wage in the Philippines, as of early 2022, is about $870 per month.
It turns out that the average Filipino who wants to start making money with Axie Infinity has to spend at least half of his monthly salary to get into the project.
Not all Filipinos went to traditional financial institutions for loans. Many players decided to find a lender online.
As an example, a 20-year-old Filipino wants to take out an $1856 loan to start earning money from Axie Infinity.
The young man is convinced that he can pay back the debt in 2 months. Reddit forum users are confident that the Filipino will not meet the deadline.
Web users also point out the high risks of entering GameFi-projects.
When the hype around play-to-earn subsided, market participants were faced with falling prices for NFT gaming and other game-related assets, including native project tokens.
💎 @TgBitcoin
GameFi is short for "game" and "financial".
This term refers to a segment of the game where you can earn money.
Consider how much you need to spend to be able to earn in GameFi.
Let's take Axie Infinity as an example.
To start earning from the game, you need at least a few hundred dollars. The money is needed to buy in-game NFTs.
According to Reddit users, you can form your "army" of axics to start earning in Axie Infinity for $400-600.
Those wishing to purchase top in-game NFTs will need to spend over $1000.
Earnings in the game range from $7-13 per day ($217-403/month).
Accordingly, it can take over a month to recoup your investment in Axie Infinity, and that's assuming the owner of gaming NFTs plays regularly.
Based on the Salary Explorer platform, the average wage in the Philippines, as of early 2022, is about $870 per month.
It turns out that the average Filipino who wants to start making money with Axie Infinity has to spend at least half of his monthly salary to get into the project.
Not all Filipinos went to traditional financial institutions for loans. Many players decided to find a lender online.
As an example, a 20-year-old Filipino wants to take out an $1856 loan to start earning money from Axie Infinity.
The young man is convinced that he can pay back the debt in 2 months. Reddit forum users are confident that the Filipino will not meet the deadline.
Web users also point out the high risks of entering GameFi-projects.
When the hype around play-to-earn subsided, market participants were faced with falling prices for NFT gaming and other game-related assets, including native project tokens.
💎 @TgBitcoin
Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months
It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per transfer. While on-chain fees are cheaper, layer two (L2) transactions have followed suit dropping significantly during the last seven days.
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👉🏼 @TgBitcoin
It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per transfer. While on-chain fees are cheaper, layer two (L2) transactions have followed suit dropping significantly during the last seven days.
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👉🏼 @TgBitcoin
Russian Ruble down 20% vs USD overnight
Maybe you shouldn't invade other countries...
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👉🏼 @TgBitcoin
Maybe you shouldn't invade other countries...
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👉🏼 @TgBitcoin
BREAKING: eBay could soon accept Bitcoin and crypto payments
The firm could make an announcement on March 10 during its day dedicated to investors.
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👉🏼 @TgBitcoin
The firm could make an announcement on March 10 during its day dedicated to investors.
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👉🏼 @TgBitcoin
Which crypto-companies announced sanctions against Russia
Amid the escalation of the geopolitical conflict between Russia and Ukraine, at least 5 cryptocurrency companies declared increased sanctioning pressure on users from Russia.
They included Coinbase, FTX, Kraken and eToro.
Officially, Coinbase in a comment to Newsweek didn't mention Russia in response to the request about the sanctions measures. Nevertheless, the company reminded that it regularly monitors IP addresses from the sanctions blacklist.
Though Coinbase formally provides no services to Russian citizens, the site does have a cryptocurrency conversion function for users from Armenia and Kazakhstan.
Gemini also doesn't provide services to the CIS market, but said it is strengthening its monitoring of users.
FTX also reported compliance with sanctions requirements amid the conflict.
Representatives of the investment platform eToro stated the site's services are completely closed to users from Russia.
💎 @TgBitcoin
Amid the escalation of the geopolitical conflict between Russia and Ukraine, at least 5 cryptocurrency companies declared increased sanctioning pressure on users from Russia.
They included Coinbase, FTX, Kraken and eToro.
Officially, Coinbase in a comment to Newsweek didn't mention Russia in response to the request about the sanctions measures. Nevertheless, the company reminded that it regularly monitors IP addresses from the sanctions blacklist.
Though Coinbase formally provides no services to Russian citizens, the site does have a cryptocurrency conversion function for users from Armenia and Kazakhstan.
Gemini also doesn't provide services to the CIS market, but said it is strengthening its monitoring of users.
FTX also reported compliance with sanctions requirements amid the conflict.
Representatives of the investment platform eToro stated the site's services are completely closed to users from Russia.
💎 @TgBitcoin
Is Elon Musk selling his NFTs so far?!
Haven't ya heard? Subscribe to the so as not to miss such info-events.
Exclusively on what's affecting the rate -
💎 @TgBitcoin
Haven't ya heard? Subscribe to the so as not to miss such info-events.
Exclusively on what's affecting the rate -
💎 @TgBitcoin
Cryptocurrencies are Noah's Ark
That's the phrase I read in one of the channels.
And indeed, yeah, there are downfalls, but not as critical as in the stock market, or even worse, in fiat.
Fiat is the money that we use, no matter what it is - cash, money on the card, rubles, euro dollars and so on.
And you know, I've watched the Toncoin exchange rate, (former project of Pavel Durov, which was given to independent developers) and it didn't really fall down.
Before all this madness, it was trading at $2.3 - $2.6 and today it's staying at $2.
What do I think?
It's a pretty exciting crypto (at least for me) and I'll be investing more in it over time.
As for you, my advice is to find out more about it and take a look at the TON project roadmap
💎 @TgBitcoin
That's the phrase I read in one of the channels.
And indeed, yeah, there are downfalls, but not as critical as in the stock market, or even worse, in fiat.
Fiat is the money that we use, no matter what it is - cash, money on the card, rubles, euro dollars and so on.
And you know, I've watched the Toncoin exchange rate, (former project of Pavel Durov, which was given to independent developers) and it didn't really fall down.
Before all this madness, it was trading at $2.3 - $2.6 and today it's staying at $2.
What do I think?
It's a pretty exciting crypto (at least for me) and I'll be investing more in it over time.
As for you, my advice is to find out more about it and take a look at the TON project roadmap
💎 @TgBitcoin
Bank of America: We see no crypto winter given the growth in user adoption and developer activity
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin