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2022-12-26 06:31:03 Gold and BTC are both stores of value, says billionaire Mark Cuban

Mark Cuban, billionaire entrepreneur and owner of Dallas Mavericks, mocks gold buyers stating they are “dumb as f***” and confessed his love for bitcoin.Mark Cuban said he sees gold and bitcoin as important stores of value.

Cuban also claimed he wouldn’t mind if bitcoin went down further. He explained that he sees any crash in crypto prices as an opportunity to accumulate. However, despite owning some BTC, Cuban admitted that it did not make up a greater part of his portfolio. Cuban went on to dismiss Maher on stage when he learned the host was using gold as a hedge.

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2022-12-26 06:13:02 Sam Bankman-Fried found 'chilling' in JFK airport lounge on $250M bail bond

The crypto community spotted the ex-CEO of the ill-fated FTX at the JFK airport’s business lounge. Bankman-Fried was ‘relaxing’ with his laptop and other belongings before his flight to San Francisco.

Bankman-Fried has been released on bail of a record $250 million after his parents, who are law professors, paid it for him. This news has perplexed the crypto community after he claimed to have only $100,000 left in his bank account following the FTX collapse. Per the reports, his parents are law professors at Oxford. Thus the crypto community doubts his family’s ability to pay such a high bail amount.

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2022-12-26 05:50:01 Bankman-Fried posts bail and other major crypto news of the past week

The FTX saga continued to unfold this past week with disgraced former CEO Sam Bankman-Fried now out on bail. Some of Bankman-Fried’s associates have pleaded guilty to fraud charges and are said to be cooperating with investigators.

More exchanges published proofs of reserves in the wake of the FTX collapse. Still, such transparency efforts by crypto exchanges were dealt a blow as reports emerged that a major accounting firm was no longer willing to work with them. Disgraced former FTX CEO Sam Bankman-Fried posted bail with a $250 million bond package after being extradited to the U.S.

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2022-12-26 05:39:04 Crypto Is Down Bad, But VCs Keep Pouring Money In

Given the contagion and chaos we have witnessed since Sam Bankman-Fried’s crypto exchange FTX had a sudden multibillion-dollar coronary, you may be tempted to conclude the entire crypto industry is headed for the great Chapter 11 bankruptcy filing in the sky.

Analysts at Pitchbook report that crypto VC investment in 2022 (a brutal year across all tech) has outweighed that of both fintech and biotech, pulling in $6.5 billion over the last 12 months, $879 million of it in the last quarter. Just take a look at the last week or so of drab crypto industry press releases. You’ll see a $4.75 million round for a thing called Earn Alliance. A $70 million raise for a thing called Ramp Network. A further $15 million for Roboto Games.

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2022-12-26 04:45:03 dApp Industry Thrives Despite Crypto Winter: DappRadar

The crypto winter has not harmed at least one industry niche. The cryptocurrency market is facing one of its most brutal crypto winters, marked by a sustained drop in digital asset prices and the failure of major crypto companies, as well as high-profile cases.

Nonetheless, a recent report from blockchain data and analytics firm DappRadar suggests that the industry may not be in such a gloomy state, as it has shown remarkable resilience and maturity amid the crypto winter. According to DappRadar’s 2022 Industry Report, decentralized applications (dApps) usage has skyrocketed despite the bearish market conditions.

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2022-12-26 04:04:02 Amid the arctic blast, Texas miners voluntarily shut down or curtail operations

Bitcoin miners are again showcasing how they can play an essential role in the energy infrastructure as miners shut down or limit production to support the ecosystem in Texas.

Texas is facing a hard freeze warning amid a winter storm originating in the Arctic region, causing the most significant surge in cold air since the ‘Big Freeze’ in February 2021. While the arctic blast is not expected to last as long as the ‘Big Freeze,’ it will produce dangerous cold weather, with temperatures falling 25 to 35 degrees below average between Dec. 22 and 24.

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2022-12-26 03:14:03 JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors

A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan Asset Management’s head of institutional portfolio strategy, Jared Gross, discussed crypto and institutional investors’ interest in the asset class on Bloomberg Friday. The senior investment strategist described.Gross added that it is “self-evident” that bitcoin has not proven itself to be a form of digital gold or haven asset like some have hoped.

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2022-12-25 22:52:00 Avalanche Web3 Products Are Implemented On FIDE

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2022-12-25 22:05:07 Two suspects arrested in Hong Kong for AAX fraud -Link

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2022-12-25 21:01:04 Mapping Human Impact on the Earth's Surface

This detailed map looks at where humans have (and haven't) modified Earth's terrestrial environment. See human impact in incredible detail.
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