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04-09

As they say... Have fun staying poor

Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank

03-29

A couple of years of scamming for 25 years of prison... not a good investment. NGMI

Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud

2023-01-17

TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...

Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark

2023-01-16

BTC 23k incoming

Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls

2022-12-05

Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.

2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin

Go to Tiger App to see more news

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Have fun staying poor","listText":"As they say... Have fun staying poor","text":"As they say... Have fun staying poor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293413681627288","repostId":"1148195139","repostType":2,"repost":{"id":"1148195139","pubTimestamp":1712651543,"share":"https://ttm.financial/m/news/1148195139?lang=&edition=fundamental","pubTime":"2024-04-09 16:32","market":"us","language":"en","title":"Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank","url":"https://stock-news.laohu8.com/highlight/detail?id=1148195139","media":"Bloomberg","summary":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expectin","content":"<html><head></head><body><ul style=\"\"><li><p>Consumers were split over the digital asset’s staying power</p></li><li><p>Significant proportion said the token may disappear entirely</p></li></ul><p>Consumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.</p><p>That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.</p><p>Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b5c577847f11f04cdc3a79c4381ca00b\" alt=\"Source: Deutsche Bank survey of consumers.\" title=\"Source: Deutsche Bank survey of consumers.\" tg-width=\"381\" tg-height=\"372\"/><span>Source: Deutsche Bank survey of consumers.</span></p><p>The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.</p><p>A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.</p><p>Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.</p><p>“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-09 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc","BTBT":"Bit Digital, Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148195139","content_text":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.Source: Deutsche Bank survey of consumers.The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289328932356152,"gmtCreate":1711671470322,"gmtModify":1711675519923,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4132219691178972","idStr":"4132219691178972"},"themes":[],"htmlText":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","listText":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","text":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289328932356152","repostId":"2423973117","repostType":2,"repost":{"id":"2423973117","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1711668505,"share":"https://ttm.financial/m/news/2423973117?lang=&edition=fundamental","pubTime":"2024-03-29 07:28","market":"us","language":"en","title":"Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=2423973117","media":"Reuters","summary":"NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he fou","content":"<html><head></head><body><p>NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.</p><p>US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.</p><p>A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.</p><p>“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”</p><p>Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.</p><p>Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.</p><p>The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.</p><p>Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.</p><p>“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”</p><p>The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.</p><p>Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.</p><p>Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”</p><p>Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”</p><p>Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.</p><p>Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”</p><p>During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.</p><p>“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.</p><p>“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”</p><p>Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.</p><p>He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.</p><h2 id=\"id_2332451092\">Crypto boom</h2><p>A Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.</p><p>Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.</p><p>But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.</p><p>Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.</p><p>Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-29 07:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.</p><p>US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.</p><p>A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.</p><p>“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”</p><p>Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.</p><p>Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.</p><p>The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.</p><p>Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.</p><p>“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”</p><p>The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.</p><p>Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.</p><p>Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”</p><p>Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”</p><p>Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.</p><p>Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”</p><p>During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.</p><p>“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.</p><p>“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”</p><p>Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.</p><p>He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.</p><h2 id=\"id_2332451092\">Crypto boom</h2><p>A Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.</p><p>Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.</p><p>But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.</p><p>Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.</p><p>Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.straitstimes.com/world/united-states/sam-bankman-fried-sentenced-to-25-years-for-multi-billion-dollar-ftx-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2423973117","content_text":"NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.Crypto boomA Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956190225,"gmtCreate":1673922018868,"gmtModify":1676538903506,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4132219691178972","idStr":"4132219691178972"},"themes":[],"htmlText":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...&nbsp;","listText":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...&nbsp;","text":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956190225","repostId":"1119772176","repostType":2,"repost":{"id":"1119772176","pubTimestamp":1673920241,"share":"https://ttm.financial/m/news/1119772176?lang=&edition=fundamental","pubTime":"2023-01-17 09:50","market":"other","language":"en","title":"Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark","url":"https://stock-news.laohu8.com/highlight/detail?id=1119772176","media":"Benzinga","summary":"ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Increasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.</li><li>Trader says Bitcoin is trying to &#39;break resistance&#39; but eyes will be on dollar index.</li><li>Bitcoin sees greater volumes in profits realized on-chain than losses for first time since June, says Glassnode.</li></ul><p>Major coins remained buoyant on Monday evening as the global cryptocurrency market cap rose 0.5% to $989.5 billion at 7:48 p.m. EST.</p><p><b>Why It Matters:</b> Bitcoin and Ethereum were higher on Monday as the New-Year rally remained intact. However, the momentum was muted in other risk assets like stocks as investors look ahead to corporate earnings season.</p><p>“There&#39;s certainly an increasing sense of optimism about 2023 as we make our way through the opening month of the year. The economic data has been kind, to say the least, which is not something we were afforded for the vast majority of the year just gone,” said <b>Craig Erlam</b>, a senior market analyst at OANDA.</p><p>“A boost in risk appetite has triggered a surge in bitcoin which spent the final weeks of last year languishing between $16,000 and $17,000. It is up more than 25% since the turn of the year, breaking back above $20,000 this morning in the process,” said the analyst in a note seen by Benzinga.</p><p>Erlam said it wasn’t clear outright if it is a sign of bottoming out or a brief rebound but there are “clearly still some very bullish traders out there.”</p><p><b>Michaël van de Poppe</b> said that Bitcoin is trying to “break resistance” and might “seek a sweep” of the $21,600 level. He said eyes will be on the dollar index, which tracks the greenback against six other currencies, in the coming days. At the time of writing, the dollar index was at 102.30.</p><p><b>Glassnode</b> said that Bitcoin has seen “greater volumes of Profits realized on-chain than losses” for the first time since June.</p><p>Separately, the on-chain analysis firm said that a “convincing break” above 1.0 for Realized profit/loss ratio, or aSOPR metrics has “historically [signaled] a cycle regime shift is underway.”</p><p>“A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points,” said Glassnode.</p><p>aSOPR or adjusted Output Profit Ratio is a metric that tracks the ratio of spent outputs in profit in a given timeframe.</p><p><b>Santiment</b> said that cryptocurrency traders are behaving like they are seeing a top and are taking the “opportunity to profit take while given the chance.”</p><p>The market intelligence platform said that Bitcoin is seeing the highest profit-take ratio since Feb. 2021, while in the case of Ethereum, it has been the case since Oct. 2021.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.Trader says Bitcoin is trying to 'break resistance' but eyes will be on dollar ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119772176","content_text":"ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.Trader says Bitcoin is trying to 'break resistance' but eyes will be on dollar index.Bitcoin sees greater volumes in profits realized on-chain than losses for first time since June, says Glassnode.Major coins remained buoyant on Monday evening as the global cryptocurrency market cap rose 0.5% to $989.5 billion at 7:48 p.m. EST.Why It Matters: Bitcoin and Ethereum were higher on Monday as the New-Year rally remained intact. However, the momentum was muted in other risk assets like stocks as investors look ahead to corporate earnings season.“There's certainly an increasing sense of optimism about 2023 as we make our way through the opening month of the year. The economic data has been kind, to say the least, which is not something we were afforded for the vast majority of the year just gone,” said Craig Erlam, a senior market analyst at OANDA.“A boost in risk appetite has triggered a surge in bitcoin which spent the final weeks of last year languishing between $16,000 and $17,000. It is up more than 25% since the turn of the year, breaking back above $20,000 this morning in the process,” said the analyst in a note seen by Benzinga.Erlam said it wasn’t clear outright if it is a sign of bottoming out or a brief rebound but there are “clearly still some very bullish traders out there.”Michaël van de Poppe said that Bitcoin is trying to “break resistance” and might “seek a sweep” of the $21,600 level. He said eyes will be on the dollar index, which tracks the greenback against six other currencies, in the coming days. At the time of writing, the dollar index was at 102.30.Glassnode said that Bitcoin has seen “greater volumes of Profits realized on-chain than losses” for the first time since June.Separately, the on-chain analysis firm said that a “convincing break” above 1.0 for Realized profit/loss ratio, or aSOPR metrics has “historically [signaled] a cycle regime shift is underway.”“A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points,” said Glassnode.aSOPR or adjusted Output Profit Ratio is a metric that tracks the ratio of spent outputs in profit in a given timeframe.Santiment said that cryptocurrency traders are behaving like they are seeing a top and are taking the “opportunity to profit take while given the chance.”The market intelligence platform said that Bitcoin is seeing the highest profit-take ratio since Feb. 2021, while in the case of Ethereum, it has been the case since Oct. 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958786267,"gmtCreate":1673828371359,"gmtModify":1676538890191,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4132219691178972","idStr":"4132219691178972"},"themes":[],"htmlText":"BTC 23k incoming&nbsp;","listText":"BTC 23k incoming&nbsp;","text":"BTC 23k incoming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958786267","repostId":"1160109168","repostType":2,"repost":{"id":"1160109168","pubTimestamp":1673826300,"share":"https://ttm.financial/m/news/1160109168?lang=&edition=fundamental","pubTime":"2023-01-16 07:45","market":"other","language":"en","title":"Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=1160109168","media":"Benzinga","summary":"ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.</li><li>In November, Capo predicted that Bitcoin would head to new bear market lows.</li></ul><p>The pseudonymous crypto analyst <b>Capo</b> says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.</p><p><b>Bitcoin</b> has rallied 21% in the last seven days, and <b>Ethereum</b> has rallied 23%. But Capo says the market’s bounce hasn’t invalidated his bearish outlook.</p><p>He believes Bitcoin still needs to successfully break its resistance around the $21,000 to $22,000 area.</p><p>At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.</p><p>According to the crypto analyst, similar resistance is visible in the case of Ethereum. Therefore, he doubled down on bearish price targets, anticipating a drop to $600 for ETH.</p><p>At the time of writing, Ethereum was trading at $1,547, up by 22% in the last seven days.</p><p>Earlier in November, Capo predicted that Bitcoin would head to new bear market lows.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-16 07:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.In November, Capo predicted that Bitcoin would head to new bear market lows.The pseudonymous ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160109168","content_text":"ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.In November, Capo predicted that Bitcoin would head to new bear market lows.The pseudonymous crypto analyst Capo says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.Bitcoin has rallied 21% in the last seven days, and Ethereum has rallied 23%. But Capo says the market’s bounce hasn’t invalidated his bearish outlook.He believes Bitcoin still needs to successfully break its resistance around the $21,000 to $22,000 area.At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.According to the crypto analyst, similar resistance is visible in the case of Ethereum. Therefore, he doubled down on bearish price targets, anticipating a drop to $600 for ETH.At the time of writing, Ethereum was trading at $1,547, up by 22% in the last seven days.Earlier in November, Capo predicted that Bitcoin would head to new bear market lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967900887,"gmtCreate":1670242482650,"gmtModify":1676538327462,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4132219691178972","idStr":"4132219691178972"},"themes":[],"htmlText":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","listText":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","text":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9967900887","repostId":"2288383909","repostType":2,"repost":{"id":"2288383909","pubTimestamp":1670254211,"share":"https://ttm.financial/m/news/2288383909?lang=&edition=fundamental","pubTime":"2022-12-05 23:30","market":"other","language":"en","title":"2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2288383909","media":"Motley Fool","summary":"At a time when most cryptos are in the red, two Bitcoin alternatives -- Litecoin and Dash -- are starting to pull away from the pack.","content":"<html><head></head><body><p>In the crypto market, all eyes are on <b>Bitcoin</b>, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher and lower. That creates the opportunity for some cryptos to trade under the radar of investors who are too busy watching Bitcoin.</p><p>This could be the situation now with <b>Litecoin</b> and <b>Dash</b>, which have pushed steadily higher over the past month at a time when Bitcoin is losing momentum. Litecoin is up 39.70% over the past 30 days, while Dash is up 8.13% over that same time period. In contrast, Bitcoin is down 16.68%.</p><h2>What do all of these coins have in common?</h2><p>Both Litecoin and Dash are based on the same cryptocurrency technology used to create Bitcoin. While Bitcoin launched as the original cryptocurrency back in 2009, Litecoin launched two years later as a &#34;lite&#34; version of it, hence the name. The goal of Litecoin was simply to improve on what Bitcoin already offered in terms of faster, cheaper payments.</p><p>The story is similar for Dash, which launched in 2014 as a fork of Litecoin. This means that the original blockchain developers behind Litecoin decided to split the main blockchain and name the new one Dash.</p><p>The fact that all three cryptos are related is important because it means all three are based on roughly the same proof-of-work blockchain technology that relies on mining to create new blocks for the blockchain.</p><p>This also means that all three of these coins undergo a process known as a &#34;halving&#34; on a schedule set by an algorithm. In a halving, the block reward for miners is cut by one-half. Bitcoin undergoes a halving every four years, as does Litecoin. Dash undergoes a halving once every 365 days, because the block reward is reduced by only 7.14%, not 50%.</p><h2>How to profit from the halving</h2><p>Historically, halving events have been very lucrative for traders and have always been very much anticipated by the crypto market. The easiest way to profit from these events is to buy anywhere from 12 to 15 months ahead of the next halving. Since the date of each halving is determined algorithmically, it is easy to pinpoint when this is going to happen for each coin. The next Bitcoin halving is March 2024, the next Litecoin halving is July 2023, and the next Dash halving is May 2023.</p><p>Once you understand the timing of these halving events, it&#39;s easy to see why Litecoin and Dash both appear to be diverging from Bitcoin right now. If historical models hold, one would expect Dash and Litecoin to benefit first from their respective halving events, and Bitcoin to lag behind by at least several months. Moreover, since the Dash halving is not nearly as pronounced as the Litecoin halving (7.14% compared to 50%), one would also expect a greater rally in the price of Litecoin than in Dash, which is what we are seeing. Right now, traders are expecting that Litecoin could have a 200% price rally by the time of its next halving.</p><h2>More potential than Bitcoin, but for how long?</h2><p>For this reason, Litecoin and Dash could have more potential than Bitcoin over the near-term future. Crypto publications are already starting to talk about the &#34;pre-halving rally&#34; for Litecoin, which has only intensified the impact of this effect. Since the Bitcoin halving is not going to happen until 2024, it will likely trade sideways for the rest of this year and into early 2023. Thus, a very short-term window exists for Litecoin and Dash to outperform Bitcoin. At a time when much of the crypto market is deep in the red, this could be a sneaky opportunity to profit from both Litecoin and Dash.</p><p>Over the long term, though, I&#39;m still much more bullish on Bitcoin than on either Litecoin or Dash. For example, some traders are predicting that Bitcoin could rally to $63,000 by March 2024 as a result of investor anticipation of the next halving. If there is one cryptocurrency to buy and hold for the long term, it&#39;s Bitcoin. But if you are looking to pad your crypto portfolio by year-end, it could be worth a closer look at Litecoin and Dash.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-05 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the crypto market, all eyes are on Bitcoin, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288383909","content_text":"In the crypto market, all eyes are on Bitcoin, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher and lower. That creates the opportunity for some cryptos to trade under the radar of investors who are too busy watching Bitcoin.This could be the situation now with Litecoin and Dash, which have pushed steadily higher over the past month at a time when Bitcoin is losing momentum. Litecoin is up 39.70% over the past 30 days, while Dash is up 8.13% over that same time period. In contrast, Bitcoin is down 16.68%.What do all of these coins have in common?Both Litecoin and Dash are based on the same cryptocurrency technology used to create Bitcoin. While Bitcoin launched as the original cryptocurrency back in 2009, Litecoin launched two years later as a \"lite\" version of it, hence the name. The goal of Litecoin was simply to improve on what Bitcoin already offered in terms of faster, cheaper payments.The story is similar for Dash, which launched in 2014 as a fork of Litecoin. This means that the original blockchain developers behind Litecoin decided to split the main blockchain and name the new one Dash.The fact that all three cryptos are related is important because it means all three are based on roughly the same proof-of-work blockchain technology that relies on mining to create new blocks for the blockchain.This also means that all three of these coins undergo a process known as a \"halving\" on a schedule set by an algorithm. In a halving, the block reward for miners is cut by one-half. Bitcoin undergoes a halving every four years, as does Litecoin. Dash undergoes a halving once every 365 days, because the block reward is reduced by only 7.14%, not 50%.How to profit from the halvingHistorically, halving events have been very lucrative for traders and have always been very much anticipated by the crypto market. The easiest way to profit from these events is to buy anywhere from 12 to 15 months ahead of the next halving. Since the date of each halving is determined algorithmically, it is easy to pinpoint when this is going to happen for each coin. The next Bitcoin halving is March 2024, the next Litecoin halving is July 2023, and the next Dash halving is May 2023.Once you understand the timing of these halving events, it's easy to see why Litecoin and Dash both appear to be diverging from Bitcoin right now. If historical models hold, one would expect Dash and Litecoin to benefit first from their respective halving events, and Bitcoin to lag behind by at least several months. Moreover, since the Dash halving is not nearly as pronounced as the Litecoin halving (7.14% compared to 50%), one would also expect a greater rally in the price of Litecoin than in Dash, which is what we are seeing. Right now, traders are expecting that Litecoin could have a 200% price rally by the time of its next halving.More potential than Bitcoin, but for how long?For this reason, Litecoin and Dash could have more potential than Bitcoin over the near-term future. Crypto publications are already starting to talk about the \"pre-halving rally\" for Litecoin, which has only intensified the impact of this effect. Since the Bitcoin halving is not going to happen until 2024, it will likely trade sideways for the rest of this year and into early 2023. Thus, a very short-term window exists for Litecoin and Dash to outperform Bitcoin. At a time when much of the crypto market is deep in the red, this could be a sneaky opportunity to profit from both Litecoin and Dash.Over the long term, though, I'm still much more bullish on Bitcoin than on either Litecoin or Dash. For example, some traders are predicting that Bitcoin could rally to $63,000 by March 2024 as a result of investor anticipation of the next halving. If there is one cryptocurrency to buy and hold for the long term, it's Bitcoin. But if you are looking to pad your crypto portfolio by year-end, it could be worth a closer look at Litecoin and Dash.","news_type":1},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9967900887,"gmtCreate":1670242482650,"gmtModify":1676538327462,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132219691178972","authorIdStr":"4132219691178972"},"themes":[],"htmlText":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","listText":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","text":"Ohh dear, this is like a post from someone who just discovered crypto. Dash is outdated. Litecoin just pumped, and it only has a 5× multiplier. Take on bitcoin proxys like Hut8 or many other cryptos.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9967900887","repostId":"2288383909","repostType":2,"repost":{"id":"2288383909","pubTimestamp":1670254211,"share":"https://ttm.financial/m/news/2288383909?lang=&edition=fundamental","pubTime":"2022-12-05 23:30","market":"other","language":"en","title":"2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2288383909","media":"Motley Fool","summary":"At a time when most cryptos are in the red, two Bitcoin alternatives -- Litecoin and Dash -- are starting to pull away from the pack.","content":"<html><head></head><body><p>In the crypto market, all eyes are on <b>Bitcoin</b>, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher and lower. That creates the opportunity for some cryptos to trade under the radar of investors who are too busy watching Bitcoin.</p><p>This could be the situation now with <b>Litecoin</b> and <b>Dash</b>, which have pushed steadily higher over the past month at a time when Bitcoin is losing momentum. Litecoin is up 39.70% over the past 30 days, while Dash is up 8.13% over that same time period. In contrast, Bitcoin is down 16.68%.</p><h2>What do all of these coins have in common?</h2><p>Both Litecoin and Dash are based on the same cryptocurrency technology used to create Bitcoin. While Bitcoin launched as the original cryptocurrency back in 2009, Litecoin launched two years later as a &#34;lite&#34; version of it, hence the name. The goal of Litecoin was simply to improve on what Bitcoin already offered in terms of faster, cheaper payments.</p><p>The story is similar for Dash, which launched in 2014 as a fork of Litecoin. This means that the original blockchain developers behind Litecoin decided to split the main blockchain and name the new one Dash.</p><p>The fact that all three cryptos are related is important because it means all three are based on roughly the same proof-of-work blockchain technology that relies on mining to create new blocks for the blockchain.</p><p>This also means that all three of these coins undergo a process known as a &#34;halving&#34; on a schedule set by an algorithm. In a halving, the block reward for miners is cut by one-half. Bitcoin undergoes a halving every four years, as does Litecoin. Dash undergoes a halving once every 365 days, because the block reward is reduced by only 7.14%, not 50%.</p><h2>How to profit from the halving</h2><p>Historically, halving events have been very lucrative for traders and have always been very much anticipated by the crypto market. The easiest way to profit from these events is to buy anywhere from 12 to 15 months ahead of the next halving. Since the date of each halving is determined algorithmically, it is easy to pinpoint when this is going to happen for each coin. The next Bitcoin halving is March 2024, the next Litecoin halving is July 2023, and the next Dash halving is May 2023.</p><p>Once you understand the timing of these halving events, it&#39;s easy to see why Litecoin and Dash both appear to be diverging from Bitcoin right now. If historical models hold, one would expect Dash and Litecoin to benefit first from their respective halving events, and Bitcoin to lag behind by at least several months. Moreover, since the Dash halving is not nearly as pronounced as the Litecoin halving (7.14% compared to 50%), one would also expect a greater rally in the price of Litecoin than in Dash, which is what we are seeing. Right now, traders are expecting that Litecoin could have a 200% price rally by the time of its next halving.</p><h2>More potential than Bitcoin, but for how long?</h2><p>For this reason, Litecoin and Dash could have more potential than Bitcoin over the near-term future. Crypto publications are already starting to talk about the &#34;pre-halving rally&#34; for Litecoin, which has only intensified the impact of this effect. Since the Bitcoin halving is not going to happen until 2024, it will likely trade sideways for the rest of this year and into early 2023. Thus, a very short-term window exists for Litecoin and Dash to outperform Bitcoin. At a time when much of the crypto market is deep in the red, this could be a sneaky opportunity to profit from both Litecoin and Dash.</p><p>Over the long term, though, I&#39;m still much more bullish on Bitcoin than on either Litecoin or Dash. For example, some traders are predicting that Bitcoin could rally to $63,000 by March 2024 as a result of investor anticipation of the next halving. If there is one cryptocurrency to buy and hold for the long term, it&#39;s Bitcoin. But if you are looking to pad your crypto portfolio by year-end, it could be worth a closer look at Litecoin and Dash.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Under-the-Radar Cryptocurrencies With More Potential Than Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-05 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the crypto market, all eyes are on Bitcoin, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/12/04/2-under-the-radar-cryptocurrencies-with-more-poten/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288383909","content_text":"In the crypto market, all eyes are on Bitcoin, and for good reason. Not only is it the largest crypto by market capitalization, it is also historically the one crypto that leads the market both higher and lower. That creates the opportunity for some cryptos to trade under the radar of investors who are too busy watching Bitcoin.This could be the situation now with Litecoin and Dash, which have pushed steadily higher over the past month at a time when Bitcoin is losing momentum. Litecoin is up 39.70% over the past 30 days, while Dash is up 8.13% over that same time period. In contrast, Bitcoin is down 16.68%.What do all of these coins have in common?Both Litecoin and Dash are based on the same cryptocurrency technology used to create Bitcoin. While Bitcoin launched as the original cryptocurrency back in 2009, Litecoin launched two years later as a \"lite\" version of it, hence the name. The goal of Litecoin was simply to improve on what Bitcoin already offered in terms of faster, cheaper payments.The story is similar for Dash, which launched in 2014 as a fork of Litecoin. This means that the original blockchain developers behind Litecoin decided to split the main blockchain and name the new one Dash.The fact that all three cryptos are related is important because it means all three are based on roughly the same proof-of-work blockchain technology that relies on mining to create new blocks for the blockchain.This also means that all three of these coins undergo a process known as a \"halving\" on a schedule set by an algorithm. In a halving, the block reward for miners is cut by one-half. Bitcoin undergoes a halving every four years, as does Litecoin. Dash undergoes a halving once every 365 days, because the block reward is reduced by only 7.14%, not 50%.How to profit from the halvingHistorically, halving events have been very lucrative for traders and have always been very much anticipated by the crypto market. The easiest way to profit from these events is to buy anywhere from 12 to 15 months ahead of the next halving. Since the date of each halving is determined algorithmically, it is easy to pinpoint when this is going to happen for each coin. The next Bitcoin halving is March 2024, the next Litecoin halving is July 2023, and the next Dash halving is May 2023.Once you understand the timing of these halving events, it's easy to see why Litecoin and Dash both appear to be diverging from Bitcoin right now. If historical models hold, one would expect Dash and Litecoin to benefit first from their respective halving events, and Bitcoin to lag behind by at least several months. Moreover, since the Dash halving is not nearly as pronounced as the Litecoin halving (7.14% compared to 50%), one would also expect a greater rally in the price of Litecoin than in Dash, which is what we are seeing. Right now, traders are expecting that Litecoin could have a 200% price rally by the time of its next halving.More potential than Bitcoin, but for how long?For this reason, Litecoin and Dash could have more potential than Bitcoin over the near-term future. Crypto publications are already starting to talk about the \"pre-halving rally\" for Litecoin, which has only intensified the impact of this effect. Since the Bitcoin halving is not going to happen until 2024, it will likely trade sideways for the rest of this year and into early 2023. Thus, a very short-term window exists for Litecoin and Dash to outperform Bitcoin. At a time when much of the crypto market is deep in the red, this could be a sneaky opportunity to profit from both Litecoin and Dash.Over the long term, though, I'm still much more bullish on Bitcoin than on either Litecoin or Dash. For example, some traders are predicting that Bitcoin could rally to $63,000 by March 2024 as a result of investor anticipation of the next halving. If there is one cryptocurrency to buy and hold for the long term, it's Bitcoin. But if you are looking to pad your crypto portfolio by year-end, it could be worth a closer look at Litecoin and Dash.","news_type":1},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293413681627288,"gmtCreate":1712653717827,"gmtModify":1712654080372,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132219691178972","authorIdStr":"4132219691178972"},"themes":[],"htmlText":"As they say... Have fun staying poor","listText":"As they say... Have fun staying poor","text":"As they say... Have fun staying poor","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293413681627288","repostId":"1148195139","repostType":2,"repost":{"id":"1148195139","pubTimestamp":1712651543,"share":"https://ttm.financial/m/news/1148195139?lang=&edition=fundamental","pubTime":"2024-04-09 16:32","market":"us","language":"en","title":"Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank","url":"https://stock-news.laohu8.com/highlight/detail?id=1148195139","media":"Bloomberg","summary":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expectin","content":"<html><head></head><body><ul style=\"\"><li><p>Consumers were split over the digital asset’s staying power</p></li><li><p>Significant proportion said the token may disappear entirely</p></li></ul><p>Consumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.</p><p>That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.</p><p>Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b5c577847f11f04cdc3a79c4381ca00b\" alt=\"Source: Deutsche Bank survey of consumers.\" title=\"Source: Deutsche Bank survey of consumers.\" tg-width=\"381\" tg-height=\"372\"/><span>Source: Deutsche Bank survey of consumers.</span></p><p>The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.</p><p>A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.</p><p>Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.</p><p>“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Seen Below $20,000 in Consumer Survey by Deutsche Bank\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-09 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc","BTBT":"Bit Digital, Inc.","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2024-04-09/bitcoin-btc-seen-below-20-000-in-consumer-survey-by-deutsche-bank?srnd=homepage-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148195139","content_text":"Consumers were split over the digital asset’s staying powerSignificant proportion said the token may disappear entirelyConsumers are divided over Bitcoin’s staying power, with about one-third expecting the world’s largest cryptocurrency to slide below $20,000 by the end of the year, according to a survey by Deutsche Bank.That would slice approximately $50,000 off the token’s current price and take it back to levels last seen during a deep bear market in 2022. Just 10% of over 3,600 people surveyed saw Bitcoin above $75,000 by the end of December.Some 40% of respondents were confident about Bitcoin thriving over the next few years but 38% expected it to disappear. At the same time, less than 1% considered crypto a fad, the survey conducted over March showed.Source: Deutsche Bank survey of consumers.The original cryptocurrency traded 1.4% lower at about $70,700 as of 7:50 a.m. Tuesday in London. It achieved an all-time peak of $73,798 in mid-March. Bitcoin’s 67% rise this year tops traditional assets like global stocks and gold.A flood of inflows into three-month-old US spot-Bitcoin exchange-traded funds lifted the token and led supporters to argue that crypto demand will widen. Detractors say Bitcoin has no intrinsic value and is purely a speculative playground storing up an inevitable reckoning.Bitcoin this month will undergo the so-called halving, a four-yearly event that slashes new supply of the token. Some view that as a bullish tailwind.“You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving,” Victoria Bills, chief investment strategist at Banrion Capital, said on Bloomberg Radio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956190225,"gmtCreate":1673922018868,"gmtModify":1676538903506,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132219691178972","authorIdStr":"4132219691178972"},"themes":[],"htmlText":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...&nbsp;","listText":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...&nbsp;","text":"TA is funny in Crypto... It is still a young market, big money pushes it around, and loves to wreck and liquidate the so called experts...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956190225","repostId":"1119772176","repostType":2,"repost":{"id":"1119772176","pubTimestamp":1673920241,"share":"https://ttm.financial/m/news/1119772176?lang=&edition=fundamental","pubTime":"2023-01-17 09:50","market":"other","language":"en","title":"Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark","url":"https://stock-news.laohu8.com/highlight/detail?id=1119772176","media":"Benzinga","summary":"ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Increasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.</li><li>Trader says Bitcoin is trying to &#39;break resistance&#39; but eyes will be on dollar index.</li><li>Bitcoin sees greater volumes in profits realized on-chain than losses for first time since June, says Glassnode.</li></ul><p>Major coins remained buoyant on Monday evening as the global cryptocurrency market cap rose 0.5% to $989.5 billion at 7:48 p.m. EST.</p><p><b>Why It Matters:</b> Bitcoin and Ethereum were higher on Monday as the New-Year rally remained intact. However, the momentum was muted in other risk assets like stocks as investors look ahead to corporate earnings season.</p><p>“There&#39;s certainly an increasing sense of optimism about 2023 as we make our way through the opening month of the year. The economic data has been kind, to say the least, which is not something we were afforded for the vast majority of the year just gone,” said <b>Craig Erlam</b>, a senior market analyst at OANDA.</p><p>“A boost in risk appetite has triggered a surge in bitcoin which spent the final weeks of last year languishing between $16,000 and $17,000. It is up more than 25% since the turn of the year, breaking back above $20,000 this morning in the process,” said the analyst in a note seen by Benzinga.</p><p>Erlam said it wasn’t clear outright if it is a sign of bottoming out or a brief rebound but there are “clearly still some very bullish traders out there.”</p><p><b>Michaël van de Poppe</b> said that Bitcoin is trying to “break resistance” and might “seek a sweep” of the $21,600 level. He said eyes will be on the dollar index, which tracks the greenback against six other currencies, in the coming days. At the time of writing, the dollar index was at 102.30.</p><p><b>Glassnode</b> said that Bitcoin has seen “greater volumes of Profits realized on-chain than losses” for the first time since June.</p><p>Separately, the on-chain analysis firm said that a “convincing break” above 1.0 for Realized profit/loss ratio, or aSOPR metrics has “historically [signaled] a cycle regime shift is underway.”</p><p>“A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points,” said Glassnode.</p><p>aSOPR or adjusted Output Profit Ratio is a metric that tracks the ratio of spent outputs in profit in a given timeframe.</p><p><b>Santiment</b> said that cryptocurrency traders are behaving like they are seeing a top and are taking the “opportunity to profit take while given the chance.”</p><p>The market intelligence platform said that Bitcoin is seeing the highest profit-take ratio since Feb. 2021, while in the case of Ethereum, it has been the case since Oct. 2021.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin, Ethereum Extend Rally, Dogecoin Down: Analyst Says Apex Coin Might Seek A Sweep Of $21,600 Mark\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.Trader says Bitcoin is trying to 'break resistance' but eyes will be on dollar ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/23/01/30432089/bitcoin-ethereum-extend-rally-dogecoin-down-analyst-says-apex-coin-might-seek-a-sweep-of-2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119772176","content_text":"ZINGER KEY POINTSIncreasing sense of optimism about 2023 as traders navigate the first month of 2023, says OANDA analyst.Trader says Bitcoin is trying to 'break resistance' but eyes will be on dollar index.Bitcoin sees greater volumes in profits realized on-chain than losses for first time since June, says Glassnode.Major coins remained buoyant on Monday evening as the global cryptocurrency market cap rose 0.5% to $989.5 billion at 7:48 p.m. EST.Why It Matters: Bitcoin and Ethereum were higher on Monday as the New-Year rally remained intact. However, the momentum was muted in other risk assets like stocks as investors look ahead to corporate earnings season.“There's certainly an increasing sense of optimism about 2023 as we make our way through the opening month of the year. The economic data has been kind, to say the least, which is not something we were afforded for the vast majority of the year just gone,” said Craig Erlam, a senior market analyst at OANDA.“A boost in risk appetite has triggered a surge in bitcoin which spent the final weeks of last year languishing between $16,000 and $17,000. It is up more than 25% since the turn of the year, breaking back above $20,000 this morning in the process,” said the analyst in a note seen by Benzinga.Erlam said it wasn’t clear outright if it is a sign of bottoming out or a brief rebound but there are “clearly still some very bullish traders out there.”Michaël van de Poppe said that Bitcoin is trying to “break resistance” and might “seek a sweep” of the $21,600 level. He said eyes will be on the dollar index, which tracks the greenback against six other currencies, in the coming days. At the time of writing, the dollar index was at 102.30.Glassnode said that Bitcoin has seen “greater volumes of Profits realized on-chain than losses” for the first time since June.Separately, the on-chain analysis firm said that a “convincing break” above 1.0 for Realized profit/loss ratio, or aSOPR metrics has “historically [signaled] a cycle regime shift is underway.”“A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points,” said Glassnode.aSOPR or adjusted Output Profit Ratio is a metric that tracks the ratio of spent outputs in profit in a given timeframe.Santiment said that cryptocurrency traders are behaving like they are seeing a top and are taking the “opportunity to profit take while given the chance.”The market intelligence platform said that Bitcoin is seeing the highest profit-take ratio since Feb. 2021, while in the case of Ethereum, it has been the case since Oct. 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958786267,"gmtCreate":1673828371359,"gmtModify":1676538890191,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132219691178972","authorIdStr":"4132219691178972"},"themes":[],"htmlText":"BTC 23k incoming&nbsp;","listText":"BTC 23k incoming&nbsp;","text":"BTC 23k incoming","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9958786267","repostId":"1160109168","repostType":2,"repost":{"id":"1160109168","pubTimestamp":1673826300,"share":"https://ttm.financial/m/news/1160109168?lang=&edition=fundamental","pubTime":"2023-01-16 07:45","market":"other","language":"en","title":"Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls","url":"https://stock-news.laohu8.com/highlight/detail?id=1160109168","media":"Benzinga","summary":"ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.</li><li>In November, Capo predicted that Bitcoin would head to new bear market lows.</li></ul><p>The pseudonymous crypto analyst <b>Capo</b> says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.</p><p><b>Bitcoin</b> has rallied 21% in the last seven days, and <b>Ethereum</b> has rallied 23%. But Capo says the market’s bounce hasn’t invalidated his bearish outlook.</p><p>He believes Bitcoin still needs to successfully break its resistance around the $21,000 to $22,000 area.</p><p>At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.</p><p>According to the crypto analyst, similar resistance is visible in the case of Ethereum. Therefore, he doubled down on bearish price targets, anticipating a drop to $600 for ETH.</p><p>At the time of writing, Ethereum was trading at $1,547, up by 22% in the last seven days.</p><p>Earlier in November, Capo predicted that Bitcoin would head to new bear market lows.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Analyst Issues Bitcoin, Ethereum Warning After BTC Explodes Over $20K: There's A Problem For Bulls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-16 07:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.In November, Capo predicted that Bitcoin would head to new bear market lows.The pseudonymous ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cryptocurrency/23/01/30424040/crypto-analyst-issues-bitcoin-ethereum-warning-after-btc-explodes-over-20k-theres-a-proble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160109168","content_text":"ZINGER KEY POINTSAt the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.In November, Capo predicted that Bitcoin would head to new bear market lows.The pseudonymous crypto analyst Capo says that the recent rallies in the cryptocurrency market mean nothing, and new lows are still likely.Bitcoin has rallied 21% in the last seven days, and Ethereum has rallied 23%. But Capo says the market’s bounce hasn’t invalidated his bearish outlook.He believes Bitcoin still needs to successfully break its resistance around the $21,000 to $22,000 area.At the time of writing, Bitcoin was trading at $20,891, up by 23% in the last seven days.According to the crypto analyst, similar resistance is visible in the case of Ethereum. Therefore, he doubled down on bearish price targets, anticipating a drop to $600 for ETH.At the time of writing, Ethereum was trading at $1,547, up by 22% in the last seven days.Earlier in November, Capo predicted that Bitcoin would head to new bear market lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289328932356152,"gmtCreate":1711671470322,"gmtModify":1711675519923,"author":{"id":"4132219691178972","authorId":"4132219691178972","name":"MattRob1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132219691178972","authorIdStr":"4132219691178972"},"themes":[],"htmlText":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","listText":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","text":"A couple of years of scamming for 25 years of prison... not a good investment. NGMI","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289328932356152","repostId":"2423973117","repostType":2,"repost":{"id":"2423973117","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1711668505,"share":"https://ttm.financial/m/news/2423973117?lang=&edition=fundamental","pubTime":"2024-03-29 07:28","market":"us","language":"en","title":"Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=2423973117","media":"Reuters","summary":"NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he fou","content":"<html><head></head><body><p>NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.</p><p>US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.</p><p>A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.</p><p>“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”</p><p>Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.</p><p>Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.</p><p>The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.</p><p>Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.</p><p>“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”</p><p>The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.</p><p>Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.</p><p>Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”</p><p>Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”</p><p>Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.</p><p>Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”</p><p>During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.</p><p>“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.</p><p>“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”</p><p>Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.</p><p>He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.</p><h2 id=\"id_2332451092\">Crypto boom</h2><p>A Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.</p><p>Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.</p><p>But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.</p><p>Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.</p><p>Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSam Bankman-Fried Sentenced to 25 Years for Multi-Billion Dollar FTX Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-03-29 07:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.</p><p>US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.</p><p>A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.</p><p>“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”</p><p>Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.</p><p>Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.</p><p>The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.</p><p>Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.</p><p>“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”</p><p>The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.</p><p>Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.</p><p>Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”</p><p>Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”</p><p>Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.</p><p>Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”</p><p>During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.</p><p>“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.</p><p>“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”</p><p>Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.</p><p>He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.</p><h2 id=\"id_2332451092\">Crypto boom</h2><p>A Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.</p><p>Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.</p><p>But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.</p><p>Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.</p><p>Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.straitstimes.com/world/united-states/sam-bankman-fried-sentenced-to-25-years-for-multi-billion-dollar-ftx-fraud","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2423973117","content_text":"NEW YORK - Sam Bankman-Fried was sentenced to 25 years in prison by a judge on March 28 for stealing US$8 billion (S$10.8 billion) from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.US District Judge Lewis Kaplan handed down the sentence at a Manhattan court hearing after rejecting Bankman-Fried’s claim that FTX customers did not actually lose money and accusing him of lying during his trial testimony.A jury found Bankman-Fried, 32, guilty on Nov 2 on seven fraud and conspiracy counts stemming from FTX’s 2022 collapse in what prosecutors have called one of the biggest financial frauds in US history.“He knew it was wrong,” Kaplan said of Bankman-Fried before handing down the sentence. “He knew it was criminal. He regrets that he made a very bad bet about the likelihood of getting caught. But he is not going to admit a thing, as is his right.”Bankman-Fried stood with his hands clasped before him as Kaplan read the sentence.Bankman-Fried, wearing a beige short-sleeve jail t-shirt, acknowledged during 20 minutes of remarks to the judge that FTX customers had suffered and he offered an apology to his former FTX colleagues.The sentence marked the culmination of Bankman-Fried’s plunge from an ultra-wealthy entrepreneur and major political donor to the biggest trophy to date in a crackdown by US authorities on malfeasance in cryptocurrency markets. Bankman-Fried has vowed to appeal his conviction and sentence.Kaplan said he had found that FTX customers lost US$8 billion, FTX’s equity investors lost US$1.7 billion, and that lenders to the Alameda Research hedge fund Bankman-Fried founded lost US$1.3 billion.“The defendant’s assertion that FTX customers and creditors will be paid in full is misleading, it is logically flawed, it is speculative,” Kaplan said. “A thief who takes his loot to Las Vegas and successfully bets the stolen money is not entitled to a discount on the sentence by using his Las Vegas winnings to pay back what he stole.”The judge also said Bankman-Fried’s lied during his trial testimony when he said he did not know that his hedge fund had spent customer deposits taken from FTX.Federal prosecutors had sought a prison sentence of 40 to 50 years. Bankman-Fried’s defence lawyer Marc Mukasey had argued that a sentence of less than 5-1/4 years would be appropriate.Addressing the judge, Bankman-Fried said, “Customers have been suffering... I didn’t at all mean to minimise that. I also think that’s something that was missing from what I’ve said over the course of this process, and I’m sorry for that.”Referring to his FTX colleagues, Bankman-Fried told the judge, “They put a lot of themselves into it, and I threw that all away. It haunts me every day.”Three of his former close associates testified as prosecution witnesses at trial that he had directed them to use FTX customer funds to plug losses at Alameda Research.Nicolas Roos, a prosecutor with the US Attorney’s office in Manhattan, told the judge, “The criminality here is massive in scale. It was pervasive in all aspects of the business.”During the hearing, Mukasey sought to distance his client from notorious fraudsters like Bernie Madoff.“Sam was not a ruthless financial serial killer who set out every morning to hurt people,” Mukasey said, describing his client as an “awkward math nerd” who worked hard to get customers their money back after FTX’s collapse.“Sam Bankman-Fried doesn’t make decisions with malice in his heart,” Mukasey added. “He makes decisions with math in his head.”Bankman-Fried testified in his own defense that he made mistakes such as not implementing a risk management team, but denied he intended to defraud anyone or steal customers’ money.He was led into the courtroom for the hearing by members of the U.S. Marshals Service. His parents, Stanford University law professors Joseph Bankman and Barbara Fried, attended.Crypto boomA Massachusetts Institute of Technology graduate, Bankman-Fried rode a boom in the values of bitcoin and other digital assets to a net worth of US$26 billion, according to Forbes magazine, before he turned 30.Bankman-Fried became known for his mop of unkempt curly hair and commitment to a movement known as effective altruism, which encourages talented young people to focus on earning money and giving it away to worthy causes. He also was one of the biggest contributors to Democratic candidates and political causes ahead of the 2022 US midterm elections.But prosecutors have said the responsible image he cultivated concealed his years-long embezzlement of customer funds.Several FTX customers have written to Kaplan expressing dismay that they will be compensated based on the value of their cryptocurrency at the time of FTX’s bankruptcy, rather than the higher levels at which those assets currently trade.Bankman-Fried has been detained at the Metropolitan Detention Center in Brooklyn since August 2023, when Kaplan revoked his bail after finding he likely tampered with witnesses at least twice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":154,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}