Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried
Following the significant amount of criticism directed at mainstream media publications for a lack of journalistic integrity while reporting on FTX executives, Tesla’s executive Elon Musk called out the news website Semafor because the former FTX…
Litecoin Sharks Push Price Over $75, LTC Likely to Keep On Rising
Litecoin has experienced a significant price surge on low timeframes and hints at a possible bullish continuation. The cryptocurrency is moving higher than more significant assets in the space, and it’s making its way to the top 10 by market…
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a…
Ripple Vs. SEC: Lawyer Explains Why Nov 30 Is Crucial And Why A Settlement Is Possible
While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Securities and Exchange Commission (SEC). And the…
SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough Terrain
SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon. At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from…
Ethereum Whales Accumulate Over $1 Billion Worth Of Ethereum Amid High Sell-off
The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarter’s bearish trend is no exception. The past few weeks in the crypto market…
Bitcoin moved back above $16,000 on Nov. 23, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. Centralized exchanges continue to face scrutiny following the collapse of FTX, with many moving to…
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their…
Binance and Paxos’s BUSD: High Quality Reserves, Audits, and Regulation
What is BUSD? Recently, there have been many questions about the safety and soundness of products in the crypto space. There have been many questions about stablecoins in general, so this piece is intended as an explanation of BUSD. First and…
Genesis / DCG: All Cool Again? Bitcoin Investors Should Be Cautions
The Bitcoin price plunged to a new bear market low at $15,487 on Monday after rumors intensified that Genesis Trading and Digital Currency Group (DCG), which also owns Grayscale with its 635,000 BTC strong GBTC, would go bankrupt. Since then, the…
Cardano Stablecoin Unveiling Is Just Around The Corner – Will This Boost ADA Price?
You can call it Djed, but the game is stablecoin. According to reports, Cardano’s stablecoin, Djed, will be released on the Cardano mainnet in the first month of 2023. They call this type of stablecoin “algorithmic,” which means…
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto…
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.
Bitcoin (BTC) Reclaims $16,500 But Not In Safe Zone; Here Is Why
BTC’s price shows strength as price bounces off from a weekly low of $15,500 to trend higher, giving bulls some relief. BTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for…
Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the…
New York AG pushes prohibition of crypto purchases via retirement funds
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange.
BNB Price Prediction: Indicators Suggest Strong Case For Rally To $320
BNB price (Binance coin) found support near $250 against the US Dollar. BNB is rising and might gain pace if it clears the $300 resistance zone. Binance coin price started a recovery wave from the $250 support against the US Dollar. The price is…
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two…
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users…
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