Twitter is purging a lot of spam/scam accounts right now, so you may see your follower count drop
The apparent stabilisation of bitcoin’s value is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance. #TheECBblog looks at where bitcoin stands amid widespread volatility in the crypto markets.
Read more https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
I bet the Catholic Church felt the same way about the printing press in the 1400s.
So many bad legacy news stories on digital asset ecosystem.
Nice to read an almost feel-good story from @CNBC here.
And writer has sense for how decentralization enhances freedom and can raise one's quality of life.
#Bitcoin family almost fairytale.
#bitcoin November closing price $17,170 .. bear bottom?
Hats off to @andrewrsorkin for giving a good interview and asking solid questions. Respect for not throwing softball questions.
Sam just said that he knew on November 6th that things were "going to end badly"
Here he is on November 6th assuring customers that FTX could process withdrawals as normal and that there was nothing wrong.
3) We've already processed billions of dollars of deposits/withdrawals today; we'll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We're hitting node rate capacity, will keep going.) Also tons of USD <> stablecoin conversions going on.
Solid inflows of stablecoins into exchanges the last 3 weeks, in the wake of the FTX collapse; suggests the sell-off is being absorbed by spot buyers, not speculators.
This SBF interview is so painful to watch -- SBF is clearly talking straight out of his ass. Can't give a straight answer or even look at the camera. He's just digging himself a deeper hole and I'm here for it.
bitcoin up because stocks up because interest rates down because inflation expectations down
You're one brave risk-taker to long this. #Bitcoin
The Senate Agriculture Committee will hold the first of many hearings in Congress on FTX tomorrow.
It's crucial that they understand FTX International didn't fail because of crypto: it failed because of fraud.
Here's the memo @BlockchainAssn sent today: http://theblockchainassociation.org/the-failure-of-FTX-International
#Bitcoin OBV divergence getting stronger by the week.
Price will probably chase all the way to next local top.
Powell's language is much different today. Slowing pace of rate hikes, starting next month (likely 50 bps next month).
Max rate hike velocity has passed -- question is are the delayed effects of YTD rate hikes priced into the market?
EU and ECB attacking both Bitcoin and the new uncensored version of Twitter today.
There's major signal in this. Censorship-resistant open systems are the biggest threat to those who seek power.