Insights and Breaking News on Bitcoin and the whole crypto/finance ecosystem. Buy ads: https://telega.io/c/Bitcoin_Insights ➡️@Bitcoin_Insights Admin: @BitcoinInsightsAdmin (We never send direct messages first) Partner: @Cryptocurrency_Inside
BREAKING: FTX had a “backdoor” built into its accounting software by SBF, which he used to move billions without triggering alerts
The "backdoor" allowed Bankman-Fried to execute commands that could alter the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX.
🔗 Link
➡️ @Bitcoin_Insights
🚨 FTX Hacked: $1bn Drained from FTX and FTX US Accounts So Far
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram chat.
WARNING: Do not open your FTX apps. Do not update them.
➡️ @Bitcoin_Insights
I'm flying to Washington. I want regulation (for crypto) and I want it now - Kevin O'Leary, FTX investor.
➡️ @Bitcoin_Insights
Investors losing confidence in central exchanges
"More than 80,000 BTC left exchanges wallets in the last 24 hours."
🔗 Link
➡️ @Bitcoin_Insights
Big buys for tech stocks today
Google, Microsoft are 6% up
COIN and MSTR 15% up
➡️ @Bitcoin_Insights
Binance discloses a balance in their hot and cold wallets of:
BTC: 475,000
BNB: 58 million
ETH: 4.8 million
USDT: 17.6 billion
BUSD: 21.7 billion
USDC: 601 million
➡️ @Bitcoin_Insights
Over $200 billion was wiped out from the global #cryptocurrency market in the past 48 hours.
➡️ @Bitcoin_Insights
Sam Bankman-Fried's FTX Empire Faces US Probe Into Client Funds, Lending
US regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire.
🔗 Link
➡️ @Bitcoin_Insights
FTX CEO Sam Bankman-Fried's net worth falls $14.6 billion in the past 24 hours to $991M.
Over the last couple of days, the crypto market witnessed the downfall of FTX’s native token FTT. With the asset recording, a daily drop of 79 percent, the net worth of Sam Bankman Fried [SBF] followed suit.
As per recent reports, FTX’s CEO SBF was no longer considered a billionaire as his net worth slipped. It was noted that in just a day SBF’s net worth went from a whopping $16 billion to a low of $991 million.
🔗 Link
➡️ @Bitcoin_Insights
In the hours before FTX secured rescue from Binance, it sought a bailout of more than $1 billion from Silicon Valley and Wall Street billionaires. By midday Tuesday the hole appeared far deeper – closer to $5 billion to $6 billion.
🔗 Link
➡️ @Bitcoin_Insights
⚡️ Breaking: CZ said 💰 #Binance is intending to fully acquire 💰 #FTX, because FTX is asking for help.
➡️ @Bitcoin_Insights
🇺🇸 Department of Justice seizes $3.36 billion Bitcoin in connection with the Silk Road fraud, the largest crypto seizure ever.
In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012
🔗 Link
➡️ @Bitcoin_Insights
#BNB vs. #FTT
CEO of Binance announced that they will liquidate any remaining FTT on their books during a few months
🔗 Link
➡️ @Bitcoin_Insights
📉 $META is down -73% YTD, making it the worst #SP500 performer this year
➡️ @Bitcoin_Insights
For the first time in history, bitcoin is less volatile than both the S&P 500 and Nasdaq.
➡️ @Bitcoin_Insights
ALERT 🚨 Most tracked flight right now is of the founder and former CEO of FTX, flight is en route to Argentina after the FTX collapse and the reports of hack. - Flightradar24
➡️ @Bitcoin_Insights
Last month, Shark Tank's Kevin O’Leary said "if there's ever a place I could be that I'm not gonna get in trouble, it's gonna be at FTX."
➡️ @Bitcoin_Insights
BREAKING: FTX files for Chapter 11 Bankruptcy.
Sam Bankman-Fried has resigned as CEO of FTX.
➡️ @Bitcoin_Insights
🚨 BlockFi pauses withdrawals in wake of FTX collapse
Earlier this year, BlockFi made a deal with FTX.
The company said in a tweet that the "lack of clarity" around FTX's current situation meant it would pause client withdrawals. It also told clients not to deposit to its wallet or interest accounts.
➡️ @Bitcoin_Insights
BREAKING: 🇺🇸 US inflation falls to 7.7%, lower than expectations.
📈 Stocks, Gold, #Bitcoin and the Euro after the CPI report.
➡️ @Bitcoin_Insights
Wait for it !
Sounds on 🔊🔊
#FTX #FTT
➡️ @Bitcoin_Insights
FTX.com down
FTX faces liquidity shortfall of up to $8 billion, seeking emergency funding to meet withdrawal requests: WSJ
➡️ @Bitcoin_Insights
BREAKING: Binance strongly considering dropping out of FTX deal after looking at financials - CoinDesk
Cryptocurrency exchange giant Binance is highly unlikely to go through with its proposed acquisition of struggling rival FTX after less than a day of reviewing the company, according to a person familiar with the matter.
🔗 Link
➡️ @Bitcoin_Insights
📣 #Binance will start to do proof-of-reserves soon
➡️ @Bitcoin_Insights
🚨🚨 FTX appears to have stopped processing withdrawals, on-chain data show.
On-chain withdrawals on Ethereum, Solana, and Tron are down since roughly 3 hours ago.
https://www.theblock.co/post/184176/ftx-appears-to-have-stopped-processing-withdrawals-on-chain-data-show
➡️ @Bitcoin_Insights
🚨🚨 Is the G20 meeting one of the year's most important event’s?
On November 15, India's finance minister will be in charge of G20 issues, and they are ready with a Crypto framework for all G20 countries.
In this year, the FM of India 🇮🇳:
- Put in place a flat 30% tax with no loss setoff.
- Imposed Every buy and sell order a 1% TDS transaction fee.
- Started CBDC last week and called Crypto citing risks to financial stability.
- She wants to stop crypto from growing and promote CBDC & centralised government blockchains.
- To get information about tax invaders they might order a ban or impose a worldwide crypto framework on foreign exchanges.
India has the most people who own crypto in the world. India's FM is definitely going to make things hard for India and the whole industry. 📉📉
Major cryptocurrency exchanges are worried about the G20 meeting, Also CZ tweeted about it: "India's cryptocurrency taxes may kill the local crypto industry."
➡️ @Bitcoin_Insights
8 Nov US 🇺🇸 Midterm Elections
10 Nov US 🇺🇸 CPI
15 Nov G20 📣 Meeting
17 Nov UK’s 🇬🇧 Crunch Budget Plan
21 Nov World Cup ⚽️ Opening Ceremony
23 Nov 🇺🇸 #FOMC Minutes
@FinancialWorldUpdates
Lebanon: Bitcoin (BTC) more reliable than national currency
🔸In the summer of 2019, Lebanon suffered a large-scale economic crisis as the financial pyramid on which the whole country was based collapsed.
🔸To make ends meet in a financial system that no longer makes sense, some Lebanese are mining bitcoin or storing wealth using the cryptocurrency.
🔗 Link
➡️ @Bitcoin_Insights
New record for HODLERS!
66.5% of #bitcoin did not move in over a year 💪
➡️ @Bitcoin_Insights