Tags in this story
Bitcoin, CEO, crypto market, dogecoin, Elon Musk, ftx, FTX collapse, Jesse Powell, Kraken, Old Bitcoin, Private Jet, Sam Bankman-Fried, dormant bitcoins
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Dormant Bitcoins Awaken – Week in Review – The Weekly Bitcoin News
With the colossal collapse of crypto exchange FTX in recent weeks, there has been no shortage of excitement in the world of cryptocurrency and finance. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly seen en route to Argentina, Kraken’s CEO has addressed the fallout from the Alameda/FTX saga, saying “the damage here is enormous,” and many, many more stories surrounding the debacle have emerged up. . On top of this, several so-called dormant bitcoins have woken up, and Elon Musk has given his two cents on bitcoin and dogecoin once again.
Flight Radar Report Shows FTX Co-Founder’s Private Jet Flew To Argentina, SBF Says He’s Still In The Bahamas
According to Flightradar24’s official Twitter account, the most tracked flight was at 03:33 on 12 November 2022 Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. Although the flight track does not mean that SBF took the plane, a number of people suspected that someone from SBF’s inner circle flew out of the Bahamas. However, the former FTX chief sent a text message to Reuters after the flight report, telling the news agency that he did not leave the Bahamas.
read more
Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon
Tesla CEO and Twitter CEO Elon Musk has made bullish statements about bitcoin and dogecoin despite crypto markets selling off. He said bitcoin “will make it” and “DOGE to the moon.” Amid the crypto winter and the chaos surrounding the bankrupt crypto exchange FTX, Musk believes there is a future for bitcoin, ethereum and dogecoin.
read more
Kraken CEO discusses impact of FTX failure – says damage to crypto industry is huge, will take years to undo
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing several red flags, the executive emphasized, “The damage here is enormous … We’re going to be working to undo this for years.”
read more
6,522 ‘sleeping bitcoins’ worth $107 million Wake up after 5 years of inactivity
On November 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoins worth approximately $107 million after the coins have been inactive for more than five years. While bitcoin’s value is 75% lower than a year ago, so-called dormant bitcoins have woken up amid the recent capitulation in the crypto market.
read more
What are your thoughts on this week’s top stories? Let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
