Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’
The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed…
GensoKishi Official Release | LAND Sales Coming in December
PRESS RELEASE. On November 30th, the MMORPG game “GensoKishi Online-Meta World” was officially released. It is the web 3 version of the iconic Japanese 3DMMO “Elemental Knights Online,” which won the “Game of the Year…
Court in China Recognizes NFTs as Virtual Property Protected by Law
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired…
Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices
On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm…
Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time
Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to…
Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador
Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay…
Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High
Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche…
Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to…
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout
Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was…
Report: South African Digital-Only Bank Launches Crypto Payments Gateway
A South African digital-only bank (also known as a “neo bank”), Be Mobile Africa, has reportedly launched a crypto payment gateway that allows merchants to convert digital currency payments to fiat currency. Cédric Jeannot, the CEO of…
How to Save Assets After a Metamask Wallet Crash – KeychainX Expert Explains
What if a Metamask wallet has crashed or become corrupted, and a user is afraid of losing all of their digital assets? To ensure that a lost crypto wallet is recovered successfully, users should read the advice of wallet recovery experts from…
Argentina Signs Automatic Tax Data Sharing Agreement With the United States
The government of Argentina has signed a data sharing agreement with the U.S. to enhance the cooperation of the countries in the tax arena. The agreement, which was signed by Sergio Massa, minister of economy of Argentina, and U.S. ambassador Marc…
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and…
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for…
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This…
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor…
This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume
On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based…
Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent…
RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons
PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both…
Biggest Movers: LTC Climbs to Highest Level Since May
Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu…
North Korean Lazarus Group Linked to New Cryptocurrency Hacking Scheme
The Lazarus group, a North Korean hacking organization previously linked to criminal activity, has been connected to a new attack scheme to breach systems and steal cryptocurrency from third parties. The campaign, which uses a modified version of…
Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday
Bitcoin was trading above $17,000 on Monday, as the world’s largest cryptocurrency raced to a three-week high. Today’s move comes as prices rose for a second straight day, with momentum now firmly bullish. Ethereum was also in the…
Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech
Laliga, the premier Spanish soccer league, has announced the implementation of a new system that will use blockchain for tracking soccer balls that were used to score a goal. The system, which will be provided by Gol-Ball, a third-party company…
Swingby Partners With Chainlink To Secure Bitcoin Bridge
PRESS RELEASE. Swingby has recently announced a newly established partnership with Chainlink for Proof of Reserve. The recently publicized partnership is aimed to help secure the Swingby Skybridge which connects the Bitcoin blockchain, enabling the…
Report: Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to…
Brazilian Companies Break Crypto Purchasing Records Again in October
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during…
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the…
Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting…
‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be…
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren’t Going to Be Around
The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology…
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