Bitcoin's annual returns. 2022's closing at around -60%. You know what happens next.
https://ift.tt/ARkmrPD Submitted December 31, 2022 at 11:02PM by the_equalizer_21M https://ift.tt/2SlbDOs
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I think I migrated to the final bitcoin phase
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I lost the interest to sell my bitcoin for any price. Being a part of a disrupting community seems to be more interesting than selling it one day for a home, dividend stocks etc.. Bitcoin became my home. How can I get rich now? Submitted December 31, 2022 at 03:38PM by underworldphoenix https://ift.tt/IjA9G1M
I find it funny that facebook (meta) stock price is down more than btc over the past 12 months (61% vs 64%)
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Sam Bankman-Fried’s Crypto Companies Bilked a Potential 10.3 Million User Accounts–That’s 250 Times More than Madoff Scams & Fraud
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During testimony before the House Financial Services Committee on December 13, John Ray III, the newly appointed CEO of bankrupt crypto exchange FTX, told members of Congress that FTX U.S. had 2.7 million user accounts while FTX International had 7.6 million user accounts. That’s a total of 10.3 million potential customers of FTX that may have been bilked out of some or all of their funds by the alleged mastermind, Sam Bankman-Fried, and his co-conspirators. That’s more than 250 times the defrauded customers of Ponzi mastermind Bernie Madoff. While Ray acknowledged that some FTX users had multiple accounts, even if you cut the 10.3 million user accounts by as much as two-thirds, 3.4 million accounts is still 85 times the number of Madoff victims. If you throw into the mix that Madoff acquired his victims over more than four decades and Sam Bankman-Fried’s FTX has been in operation for less than four years, the scope of the number of people impacted is stunning. And if one considers ...