// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Cathie Wood Bullish on Bitcoin and DeFi, Shades SBF – CoinsMegaNews

Cathie Wood Bullish on Bitcoin and DeFi, Shades SBF

3 years ago CryptoExpert
Cathie Wood is Bullish on Bitcoin and DeFi, Shades SBF

[ad_1]

CEO of Ark Invest, Cathie Wood, is bullish on Bitcoin despite the FTX collapse, stating that the Bitcoin blockchain continued to operate as usual. 

In a December 11 tweet quoting Ark Invest’s November report on long-term holders BTC’s supply, she noted that the blockchain had shown resilience while taking a dig at FTX Founder Sam Bankman-Fried.

SBF Didn’t Like Bitcoin Because He Couldn’t Control it: Wood

According to her, the Bitcoin blockchain didn’t skip a beat during the crisis caused by opaque centralized players.

She said SBF did not like Bitcoin because it was transparent and decentralized, adding that “he couldn’t control it.”

Wood remains very bullish on cryptocurrencies and believes that the bankruptcies of centralized entities will boost the decentralized finance sector.

Wood Bullish on DeFi

In an interview with Yahoo Finance on December 9, Wood noted that DeFi networks have been working as programmed and pointed out that there are metrics that show that they are getting stronger. She said:

“I think what we’re learning because of FTX is how much more important fully transparent decentralized networks will be to financial services going forward… FTX, Celsius, 3AC were all closed networks. Opaque systems. You couldn’t see what was going on…”

In her opinion, the DeFi sector’s transparency, even amid the crypto crises, will always be its saving grace.

Ark Invest Says Decentralized and Transparent Blockchains Remain Strong

Ark Invest Bitcoin Monthly report also painted a gory picture of what happened in November with FTX collapse and BlockFi filing for bankruptcy. The month saw very high capitulation, with the ratio of realized profits and losses for Bitcoin reaching a record low.

However, long-term BTC holders saw their supply stabilize at 13.8 million BTC, close to an all-time high.

Bitcoin long term holders
Source: Ark Invest

Even amidst this bloodbath, Ark Invest noted that “decentralized and transparent public blockchains are as strong as ever.” 

The report recommended that “decentralization and transparency are paramount as antidotes to the gross mismanagement that can be associated with centralized intermediaries.”

Meanwhile, crypto firms with exposure to FTX are still suffering from the fallout. Crypto media outlet The Block’s CEO Michael McCaffrey resigned following revelations that he got an undisclosed loan from Alameda.

Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Play Free Roulette Video Game: An Overview to Online Casino Site Amusement

1 hour ago xtw18387208b

Free Slots No Download or Registration: Enjoy Casino Site Games Instantaneously

1 hour ago xtw18387208b

Free Live Roulette Video Game Online: A Fun and Exciting Method to Play

5 hours ago xtw18387208b

Ideal Payout Online Gambling Establishment: A Guide for Gamblers

5 hours ago xtw18387208b