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Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review – The Weekly Bitcoin News
With the colossal collapse of crypto trade FTX in current weeks, pleasure on the planet of cryptocurrency and finance has been in no quick provide. Former FTX CEO Sam Bankman-Fried’s personal jet was reportedly noticed heading to Argentina, Kraken’s CEO has addressed the fallout of the Alameda/FTX saga, saying that “The injury right here is large,” and lots of, many extra tales surrounding the debacle have emerged. On high of this, extra so-called sleeping bitcoins have awoken, and Elon Musk has given his two cents on bitcoin and dogecoin as soon as extra.
Flight Radar Report Exhibits FTX Co-Founder’s Personal Jet Flew to Argentina, SBF Says He’s Nonetheless within the Bahamas
In keeping with Flightradar24’s official Twitter account, probably the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) personal jet flying from the Bahamas to Argentina. Whereas the flight monitor doesn’t imply SBF took the flight, numerous folks suspected somebody from SBF’s internal circle did fly out of the Bahamas. The previous FTX CEO, nonetheless, texted Reuters after the flight report, and instructed the information outlet he didn’t go away the Bahamas.
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Elon Musk: Bitcoin Will Make It — Dogecoin to the Moon
Tesla CEO and Twitter chief Elon Musk has made bullish statements about bitcoin and dogecoin regardless of crypto market sell-offs. He stated bitcoin “will make it” and “DOGE to the moon.” Amid crypto winter and the chaos surrounding bankrupt crypto trade FTX, Musk believes there’s a future for bitcoin, ethereum, and dogecoin.
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Kraken CEO Discusses Influence of FTX Failure — Says Injury to Crypto Business Is Large, Will Take Years to Undo
The CEO of cryptocurrency trade Kraken has outlined the impression of FTX’s failure on the crypto business. After itemizing a number of crimson flags, the manager confused: “The injury right here is large … We’re going to be working to undo this for years.”
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6,522 ‘Sleeping Bitcoins’ Value $107 Million Wake Up After 5 Years of Inactivity
On Nov. 16, 2022, at Bitcoin block peak 763,474, somebody transferred 6,522 bitcoin value roughly $107 million after the cash sat idle for greater than 5 years. Whereas bitcoin’s worth is 75% decrease than it was a yr in the past, so-called sleeping bitcoins have been waking up amid the current crypto market capitulation.
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