Like – See the Reality https://www.seethereality.com Official Crypto News Website Tue, 30 May 2023 15:23:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.seethereality.com/wp-content/uploads/2023/03/cropped-onlinelogomaker-032123-0229-2177-32x32.png Like – See the Reality https://www.seethereality.com 32 32 Ethereum Will Drive International Crypto Adoption, Not Bitcoin: Roger Ver https://www.seethereality.com/?p=26301 https://www.seethereality.com/?p=26301#respond Tue, 30 May 2023 15:23:19 +0000 https://www.seethereality.com/?p=26301 Log in through entry protocol Entry Protocol is the cost wall of internet 3 monetization. When customers interact in ACS, they’ll entry paid content material. Study extra > Disclaimer: By selecting to lock your ACS tokens with seethereality, […]]]>

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]]> https://www.seethereality.com/?feed=rss2&p=26301 0 Binance’s CZ ranked among the many richest males in finance https://www.seethereality.com/?p=17325 https://www.seethereality.com/?p=17325#respond Wed, 26 Apr 2023 17:55:11 +0000 https://www.seethereality.com/?p=17325

Binance CEO Changpeng “CZ” Zhao was named among the many “25 monetary titans” who made their fortunes by “computer-driven buying and selling corporations,” in accordance with Bloomberg.

CZ made it to the highest 3

In line with Bloomberg, CZ is price $28.2 billion and has made most of his wealth by his alternate Binance.

Based in 2017, Binance is the most important cryptocurrency alternate by buying and selling quantity – controlling greater than 50% of the market – and has greater than 120 million customers. April 5 Bloomberg estimates its annual income is about $12 billion.

Earlier than founding Binance, Zhao reportedly labored on buying and selling methods and was launched to Bitcoin by cryptocurrency entrepreneur Bobby Lee throughout a poker recreation in Shanghai.

After the collapse of FTX in 2022 in November, Binance got here beneath heavy scrutiny. The US Commodity Futures Buying and selling Fee has filed go well with towards the alternate and CZ for violating buying and selling and derivatives legal guidelines.

In the meantime, the Forbes Wealthy Listing estimates that on April 26 CZ is price $10.5 billion.

Different crypto-related names on the listing

1. Ken Griffin

Griffin is the richest particular person on the listing with a internet price of $35 billion. The billionaire made his fortune by his hedge fund Citadel and standard market maker Citadel Securities.

The hedge fund has about $59 billion in shares and different investments, and the market maker’s worth in 2022 is month of January. is 22 billion {dollars}.

in 2022 Citadel has made a number of crypto-related investments in corporations corresponding to Silvergate Capital and has expressed curiosity in constructing a cryptocurrency buying and selling ecosystem.

2. Jeff Yass

The founding father of Susquehanna is valued at $33.1 billion. The buying and selling firm is claimed to be one of many buyers of the OPNX alternate. The corporate’s different investments embrace a $10 million strategic funding in KuCoin in 2022.

3. Uday Kotak

Kotak is valued at 13 billion. His firm, Kotak Mahindra Financial institution, is likely one of the first banks to undertake cryptocurrency in India.

4. Stan Druckenmiller

The worth of the billionaire is 9.9 billion. Druckenmiller is likely one of the greatest names behind the cryptocurrency trade.

Final yr, the billionaire stated cryptocurrency might play a “huge function” as individuals search for alternate options to fiat cash.

5. Todd Boehly

The chairman of Chelsea soccer membership is valued at 6.4 billion. In line with stories, his Eldridge funding agency in 2021. raised debt in November with Digital Foreign money Group.

The agency additionally invested in fintech and crypto infrastructure firm Cross River and backs cryptocurrency alternate and pockets supplier Blockchain.com.

6. Guillaume Pousaz

Pousaz is price $6.3 billion. The Monetary Occasions reported that his firm’s guess on the cryptocurrency trade was unsuccessful because of the large investor outflow that adopted the FTX collapse in 2022. in November.

7. Chase Coleman

Coleman is price $6 billion and is the founding father of Tiger World. The funding fund was one of many buyers within the defunct cryptocurrency alternate FTX. The newest stories point out that 12.7 billion The USD fund’s investments, together with the NFT market OpenSea, suffered a 20% loss.

8 and 9 by John Overdek and David Siegel

Overdeck and Siegel are valued at $5.8 billion, respectively. The 2 based Two Sigma Investments collectively.

in 2022 Two Sigma has partnered to offer information to standard blockchain info community Chainlink. Its enterprise capital division additionally allotted about 400 million.

10. Mark Rowan

Rowan is price $5.6 billion. Rowan co-founded Apollo, which partnered with Anchorage Digital in 2022 to deliver Bitcoin custodial providers to its institutional shoppers.

11. André Esteves

Esteves is price $5.2 billion. He’s the controlling shareholder of Banco BTG Pactual, the most important funding financial institution in Latin America. in 2022 the financial institution launched a cryptocurrency buying and selling platform in August and has made a number of crypto strikes since then.

12 and 13 Patrick Collison and John Collison

Stripe’s founders are price $5.1 billion. Their on-line cost processing firm in 2022. re-introduced Bitcoin (BTC) funds.

]]> https://www.seethereality.com/?feed=rss2&p=17325 0 Paxful CEO resigns, vows to empower customers by constructing public belief https://www.seethereality.com/?p=16524 https://www.seethereality.com/?p=16524#respond Sat, 22 Apr 2023 11:18:57 +0000 https://www.seethereality.com/?p=16524 Log in by way of entry protocol Entry Protocol is the fee wall of net 3 monetization. When customers have interaction in ACS, they’ll entry paid content material. Be taught extra > Disclaimer: By selecting to lock […]]]>

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Log in by way of entry protocol

Entry Protocol is the fee wall of net 3 monetization. When customers have interaction in ACS, they’ll entry paid content material. Be taught extra >

Disclaimer: By selecting to lock your ACS tokens with seethereality, you agree and acknowledge that you may be certain by the phrases and circumstances of the third-party digital pockets supplier, in addition to any relevant phrases and circumstances of the Entry Basis. seethereality assumes no accountability or legal responsibility for the supply, entry, use, locking, safety, integrity, worth or authorized standing of your ACS Tokens or your Digital Pockets, together with any loss associated to your ACS Tokens. You’re solely accountable for the dangers related to locking your ACS tokens utilizing seethereality. Please go to our phrases web page for extra info.

]]> https://www.seethereality.com/?feed=rss2&p=16524 0 Senator Warren says banks have “performed a extremely dangerous job”, advocates CBDC over Bitcoin https://www.seethereality.com/?p=13215 https://www.seethereality.com/?p=13215#respond Mon, 03 Apr 2023 10:10:47 +0000 https://www.seethereality.com/?p=13215

US lawmaker Senator Elizabeth Warren has admitted that banks have “performed a extremely dangerous job” of advocating for central financial institution digital currencies (CBDCs) as the federal government backs them.

Throughout March 31 NBC Meet the Press Within the interview, Warren highlighted a number of issues within the banking trade, together with excessive transaction charges, lack of velocity and lack of transparency.

Warren advocates CBDC over Bitcoin

Nevertheless, she believes that banking issues can be solved with CBDC as a substitute of Bitcoin (BTC).

CBDCs are government-backed digital transfers that may be denominated in nationwide fiat currencies, she mentioned, whereas Bitcoin is an “ephemeral token” that has no worth.

Warren famous that Bitcoin isn’t backed by something besides the idea in its worth by those that purchase it. She added that belongings differ from platinum or silver as a result of they’ve a sure foundation.

Warren additionally disagreed with evaluating BTC to a murals. The art work is bodily on the wall and “I can take pleasure in it or I can throw a dart at it,” she mentioned.

In the case of stablecoins, she famous that this asset class appears to be like like a CBDC, but it surely’s not the identical as a result of there isn’t any method to decide in the event that they’re backed by something. “The issue is whether or not there are any {dollars}, gold or authorities guarantees,” she added.

Warren’s stance in opposition to encryption

Warren’s newest statements echo her earlier views on cryptocurrency. The senator has repeatedly criticized the cryptocurrency trade, citing vitality consumption and legal use.

She lately introduced her re-election marketing campaign, primarily based partly on a promise to create an “anti-crypto military.” To realize this, the senator needs to recruit conservative Republicans, bankers, regulators and watchdog teams.

There are additionally stories that the senator is working with Gary Gensler, chairman of the US Securities and Trade Fee (SEC). Heritage Fund shared Proof of Coordination Between Warren’s Workplace and SEC Officers Forward of Gensler’s 2021 Warren Committee Look

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