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Bankman-Fried Private Jet Causes Hype, Kraken CEO Addresses FTX Crash, More Dormant Bitcoin Awakens – Weekly Review – The Weekly Bitcoin News

Bankman-Fried Private Jet Causes Hype, Kraken CEO Addresses FTX Crash, More Dormant Bitcoin Awakens - Weekly Review - The Weekly Bitcoin News

With the colossal collapse of the FTX cryptocurrency exchange in recent weeks, there has been no shortage of excitement in the world of cryptocurrencies and finance. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, the Kraken CEO addressed the aftermath of the Alameda/FTX saga saying “the damage here is massive” and many, many more stories related to the fiasco have surfaced. . . On top of that, more of the so-called dormant bitcoins have woken up, with Elon Musk putting his two cents back into bitcoin and dogecoin.

Flight Radar report shows FTX co-founder's private jet departed for Argentina, SBF says it's still in the Bahamas

Flight Radar report shows FTX co-founder’s private jet departed for Argentina, SBF says it’s still in the Bahamas

According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 AM on November 12, 2022 was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the route of the flight does not indicate that the flight was taken by the SBF, some people suspected that someone in the SBF’s inner circle did in fact take off from the Bahamas. However, the former FTX CEO wrote to Reuters after the flight report and told the news outlet that he had not left the Bahamas.

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Elon Musk: Bitcoin will do it, Dogecoin to the moon

Elon Musk: Bitcoin will do it – Dogecoin to the Moon

Tesla CEO and Twitter CEO Elon Musk has been bullish on bitcoin and dogecoin despite the sell-off in the cryptocurrency market. He said bitcoin would “do it” and “DOGE to the moon”. With the crypto winter and chaos surrounding the bankrupt crypto exchange FTX, Musk believes there is a future for bitcoin, ethereum and dogecoin.

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Kraken CEO Discusses Effects of FTX Crash - Says Damage to Crypto Industry Huge, It Will Take Years to Fix

Kraken CEO Discusses Effects of FTX Crash – Says Damage to Crypto Industry Huge, It Will Take Years to Fix

The CEO of the Kraken cryptocurrency exchange spoke about the impact of the FTX failure on the crypto industry. After listing a few red flags, the executive stressed: “The damage here is massive… We will be working to fix this for years.”

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6,522

6,522 “sleeping bitcoins” worth $107 million woke up after 5 years of inactivity

On November 16, 2022, at a bitcoin block height of 763,474, someone transferred 6,522 bitcoins worth about $107 million after the coins had been idle for over five years. Although the value of bitcoin is 75% lower than a year ago, the so-called dormant bitcoins are waking up amid the recent capitulation of the cryptocurrency market.

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Tags in this story

bitcoin, ceo, crypto market, dogecoin, elon musk, ftx, ftx crash, jesse powell, kraken, old bitcoin, private jet, sam bankman-fried, dormant bitcoins

What do you think about the main news of this week? Let us know in the comments below.

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