Transcribed
Crypto Updates: FTX's $12.7B Payout, Binance's Security Success, XRP's Surge, Bitcoin's Rollercoaster, and Predictions from Peter Brandt
Aug 9, 2024 ·
4m 42s
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Crypto Updates: FTX's $12.7B Payout, Binance's Security Success, XRP's Surge, Bitcoin's Rollercoaster, and Predictions from Peter Brandt
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Description
The Crypto Currently Podcast provides a daily rundown of the latest news in the cryptocurrency arena. On this episode, we discuss a US court compelling bankrupt FTX cryptocurrency exchange to...
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The Crypto Currently Podcast provides a daily rundown of the latest news in the cryptocurrency arena. On this episode, we discuss a US court compelling bankrupt FTX cryptocurrency exchange to reimburse its customers a significant sum of $12.7 billion, shedding light on the severity of losses incurred from FTX's financial collapse.
Next, we reveal Binance's impressive recovery or freezing of over $73 million in user funds from external hacks as of July 31 this year, beating last year's record and marking a substantial step in proactive security measures.
A considerable surge in XRP's value is foreseen by crypto analyst Credible Crypto, following its resolution of legal issues with the U.S. Securities and Exchange Commission. Also, with Bitcoin nearing $60,000 after Russia legalizes cryptocurrency mining, possibilities of a promising trajectory for the famed digital currency are discussed.
Reputed trader Peter Brandt wraps up the roundup with a warning about a possible significant decrease in Bitcoin's prices and predicts Solana's outstanding performance over Ethereum in the upcoming months.
Catch more exciting crypto updates in the next episode of the Crypto Currently Podcast.
show less
Next, we reveal Binance's impressive recovery or freezing of over $73 million in user funds from external hacks as of July 31 this year, beating last year's record and marking a substantial step in proactive security measures.
A considerable surge in XRP's value is foreseen by crypto analyst Credible Crypto, following its resolution of legal issues with the U.S. Securities and Exchange Commission. Also, with Bitcoin nearing $60,000 after Russia legalizes cryptocurrency mining, possibilities of a promising trajectory for the famed digital currency are discussed.
Reputed trader Peter Brandt wraps up the roundup with a warning about a possible significant decrease in Bitcoin's prices and predicts Solana's outstanding performance over Ethereum in the upcoming months.
Catch more exciting crypto updates in the next episode of the Crypto Currently Podcast.
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