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The controlling shareholder of Huobi Global sells his entire stake to About Capital

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As a majority stakeholder, About Capital intends to promote Huobi’s international brand promotion and business expansion among other initiatives.

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Cryptocurrency

‘Immoral and illegal from the start’

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at recent days an interview Michael Saylor, CEO of MicroStrategy and Bitcoin Home (BTC) Taurus, share his point of view on The Fall of the FTX Empire.

Saylor said that for years there has been a low-grade “boiling gang war” between the BTC community versus the cryptocurrency community over industry practices such as, what he repeatedly calls, “shitcoinery.”

In Saylor’s view, Sam Bankman-Fried was the “poster child” for the latter.

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“There is something morally wrong about being able to issue your unregistered security. Sam and most people in the cryptocurrency world have always been guilty of the sin of shitcoinery.”

He attributes this behavior to his perceptions of the problems inherent in the crypto community, namely greed, arrogance, and stupidity.

From there, Saylor delved into what he calls a “demonic turn” in the FTX story, which entailed SBF generating billions of air tokens and issuing billions of dollars in loans from users’ funds.

While a lot Expose the SBF story And his mismanagement of money, society is on reddit Saylor was praised for his clear explanation of the situation, along with a direct comparison of BTC.

One user wrote that while they didn’t care for Saylor otherwise, his explanation was one of the “best in all of the space.”

Related: The first bear market? Advice from Michael Saylor Thor Bitcoin

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This wasn’t Sailor’s first comment about the FTX scandal. In the early days of the crash, he was among the first, along with Binance CEO Changpeng Zhao, to community urging To practice self-care.

The entire crypto community is waiting for the December 13 session, which will do Investigate the stock market crash. According to the committee presiding over the session, they expect that SBF and associated individuals to appear in court to testify on this date.