DeFI News by Thebittimes.Com

Tesla CEO Elon Musk shocked the entire globe with his decision to take over Twitter. While the deal initially fell apart, it managed to finally come through. This $44 billion acquisition, however, entailed the involvement of several investors across the globe. Since this purchase involved foreign governments, as well as investors, Treasury Department officials, began checking to see if they had the authority to review Musk’s Twitter takeover. JUST IN: 🇺🇸 US government is exploring whether it has legal authority to review Elon Musk 's Twitter acquisition, Washington Post reports. — Watcher.Guru (@WatcherGuru) November 2, 2022 The Washington Post reported that it was quite usual to investigate whether a review was necessary, although these preliminary investigations frequently do not result in a complete probe. It should be noted that the Treasury officials were still unsure about the level of access these large investors had. In addition to thi...

Source: Unsplash Bitcoin (BTC) whales – the largest holders of coins on the network – have been accumulating BTC since price first hit the $20,000 level in June this year, one leading analyst argues. According to a tweet from Ki Young Ju, CEO of the crypto analytics platform CryptoQuant.com, the whale accumulation can be seen from a recently strong increase in exchange trading volumes, particularly on Binance. Looking at all exchanges as a whole, volume increased over 20x over the past six months, with the vast majority of the increase coming from Binance, the tweet said. “The volume renewed a year-high last month, but not much change in the daily closed price, indicating someone(s) is buying all the sell-side liquidity,” the CryptoQuant CEO wrote, before jokingly asking: “@CZ_Binance sir, this is bullish, right?” At the same time as volume has increased, the share of the overall trading volume that takes place on Binance – ...