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Here’s your weekly highlight of all that’s happened in crypto.
- After a 75% drop from the high, BTC bears exhausted
- SBF was released on a $250M bond: who paid?
- Binance.US set to acquire Voyager Digital assets for $1B
- Crypto platform Paxful removes ETH from its marketplace
After a 75% drop from the high, BTC bears exhausted
Benjamin Cowen, a well-known expert on cryptocurrencies, recently said that the bears are tired of Bitcoin's price falling over 75% from its all-time high of over $69,000 last year. Cowen's latest video, just released on a video-sharing site owned by Google, shows that the BTC bears have been losing ground as the price goes down. It looks at Bitcoin's supply and profit and loss ratio. Read the full story.
SBF was released on a $250M bond: who paid?
In what may well be the highest-ever bond amount before a trial, FTX founder Sam Bankman-Fried is set to be released after posting $250 million, dwarfing that of famed financial fraudster Bernie Madoff, who was granted a $10 million bail agreement in 2008. Read the full story.
Binance.US set to acquire Voyager Digital assets for $1B
Crypto exchange Binance.US will buy Voyager Digital’s assets out of bankruptcy in a deal worth $1.022 billion, a discount to an earlier, failed sale struck with FTX. Read the full story.
Crypto platform Paxful removes ETH from its marketplace
Peer-to-peer cryptocurrency marketplace Paxful has removed Ether, Ethereum’s native token, from its marketplace, citing several concerns around the world’s second-largest cryptocurrency by market capitalization.
Paxful CEO Ray Youssef announced the move in a message to some 11.6 million platform users, which he subsequently shared on Twitter. Read the full story.
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