99 Second Summary of FTX

Cryptocurrency exchange FTX may have misused customer funds in violation of its own terms of service. Although, there is legalize needed to use uncertainty in the statement that crimes might have been committed. It is very apparent that financial crimes and theft and misuse of client funds did happen. FTX placed billions of dollars worth …

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Snapshot of Crypto Exchanges and Distributed Exchanges

Here is a snapshot of the top 13 or so crypto exchanges for cryptocurrency, crypto exchanges for derivatives and distributed exchanges. Various exchanges already had problems before the recent collapse of FTX. Voyager went under. Now Genesis has frozen withdrawals. Crypto.com is in danger. Crypto.com’s Cronos token (CRO), fell 55% in a week before getting …

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Are Social NFTs the Next Big Trend?

Almost as soon as they burst onto the scene with CryptoKitties back in 2017, non-fungible tokens (NFTs) have been hailed as the future of digital collectibles. With their innate scarcity and the ability to represent just about anything digitally, NFTs have a lot of potential for a wide variety of applications. Unsurprisingly, this has led …

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Tom Brady and Gisele Big FTX Losers

Tom Brady and his x-wife Gisele Bundchen are at risk of losing $650 million if crypto exchange FTX goes completely bankrupt. Tom and Gisele apparently invested $650 million in the FTX company. Tom Brady still has a three-year contract. Tom is getting paid $75 million this year which includes $45 million in endorsements. Brady makes …

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Twitter Processing Payments Will Fulfill Musk Vision for Paypal

Twitter has filed with a financial regulatory agency to process payments. This is the start of Elon Musk going back to his Paypal plans. Elon Musk had visions for reinventing finance with Paypal. Elon Musk will now use Twitter to realize those previously abandoned plans. Elon wants to integrate all financial data into one database, …

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Will FTX Collapse Cause a Crypto Winter ?

The FTX crypto exchange, was second largest in the world, has collapsed. Binance, the largest crypto exchange, was considering buying FTX but is now unlikely to follow through. Bitcoin (BTC) is under $17000. Ether (ETH) is below its post-Merge low of $1,160. As of June 30, 2022, Alameda Research (sister company of FTX, both headed …

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