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Showing posts with the label Crypto crash

Bitcoin surges to 49000, then collapses over 3% as the SEC approves a ETF backed Bitcoin 'asset'. Setting off a fee war between major funds, including BlackRock, as they begin to cut management fees (and staff) to attract buyers. Timed with market uncertainty, BTC could drop to 29,000

Bitcoin sells off as auditing firms cease audits of Binance and other exchanges. May indicate that the books are cooked. FTX was just the tip of the iceberg, the whole crypto 'eco-system' could collapse.

Binance is under investigation by the Department of Justice for money laundering. In just under a month the Crypto exchange with its own coin loses $6 Billion in outflows. This could be the death spiral for Crypto as its web of collateral and tethering is a mess of unaccountable finances. All eyes on Binance and its CEO.

Bitcoin (BTC) corporate underwrite is on. Too big to fail in an unregulated market, possible backstopped to maintain the colleterial that BTC holds within the crypto ecosystem. Will be only a matter of time when it breaks 15000.

The Crypto exchanges weaved together into Blockchain ecosystems and Tethered assets could be about to completely crash.