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Jim Cramer Says ‘You Can’t Kill Bitcoin’. Globally Bitcoin Holders Panic.
Reading Time: 2 minJim Cramer has announced that Bitcoin can’t be killed sparking Bitcoiners to panic.
January 5, 2024
Reading Time: 2 minJim Cramer has announced that Bitcoin can’t be killed sparking Bitcoiners to panic.
Reading Time: 2 minThe SEC is set to decide on the approval of several Bitcoin spot ETF applications by January 10th. Approval would grant investors direct exposure to Bitcoin, but the SEC has a history of rejecting crypto-related products. Analysts are divided on whether the ETFs will be approved, with some predicting a 90% chance of success. A decision to delay or reject the applications could have a significant impact on the Bitcoin market.
Reading Time: 3 minSam Bankman-Fried and Bernie Madoff are two of the most notorious financial criminals of all time. Both men ran Ponzi schemes, which are fraudulent investment operations that pay early investors with money from new investors. However, there are some key differences between the two cases.
Madoff’s Ponzi scheme was more overt, as he promised investors unrealistic returns and fabricated account statements. Bankman-Fried’s scheme was more complex, as he used his cryptocurrency exchange FTX to funnel customer funds to his hedge fund, Alameda Research.
Reading Time: 4 minSam Bankman-Fried’s conviction on fraud and money laundering charges is a watershed moment for the cryptocurrency industry. It could lead to a more regulated industry, the prosecution of other executives and companies, and further erosion of public trust in cryptocurrency. The industry must learn from its mistakes and implement effective reforms to emerge from this crisis stronger than before.
Reading Time: 2 minOKX Australia announced that they have hired Ex-FTX Country Manager Jamie Kennedy. With many investors still seeking answers from FTX due to an estimated 30,000 Australians that lost up to $80 million to FTX that collapsed in November 2022. The majority of these losses were incurred by retail investors who had invested through FTX.