DDCT #143 - 11/9/2022 (China’s Digital Yuan Works Just Like Cash—With Added Surveillance) Inbox
20m | Nov 9, 2022#Bitcoin #SamBankmanFried #FTXBinance
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ARTICLES used in today's video:
https://ambcrypto.com/holding-eth-at-a-loss-you-may-want-to-read-this-before-making-your-next-trade/
Holding ETH at a loss? You may want to read this before making your next trade
Since the end of October, all categories of Ethereum [ETH] holders embarked on a buy-the-dip spree, data from Santiment revealed. According to the on-chain analytics platform, the leading altcoin witnessed a surge in coin accumulation by small, medium, and large traders since late October.
FTX on brink of collapse after “liquidity crunch” at crypto exchange
The digital assets industry has been shaken by the near-collapse of Sam Bankman-Fried’s FTX, one of the largest crypto exchanges, which clinched a rescue deal with arch-rival Binance after a surge in customer withdrawals sparked a liquidity crisis.
Binance chief executive Changpeng “CZ” Zhao wrote on Twitter that FTX had “asked for our help,” adding: “There is a significant liquidity crunch.” Binance has signed a letter of intent to buy FTX but said it had “the discretion to pull out from the deal at any time.”
Bitcoin Whales In A Frenzy As BTC Transaction Volume Reaches One-Month High
The seven-day moving average of Bitcoin's transaction volume reached a one-month high of $1,678.6 million on Nov. 7, per Glassnode data.
A heightened level of on-chain activity often coincides with significant market movements, such as an inflow or outflow of capital.
https://www.wired.com/story/chinas-digital-yuan-ecny-works-just-like-cash-surveillance/
China’s Digital Yuan Works Just Like Cash—With Added Surveillance
VISA HAS LONG paid to be the sole payments processor at the Olympic Games. But at the Winter Olympics in Beijing earlier this year it had competition—from the Chinese government. Visitors could, after scanning their passports, exchange foreign bills for eCNY, a new digital currency being rolled out by the country's central bank, the People’s Bank of China. Visitors could splash their digital cash by using a card or mobile app to pay for things around the Olympic Village.
https://alternative.me/crypto/fear-and-greed-index/
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Dave
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