Tether to reduce secured loans to zero in 2023 amid battle against FUD
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.
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PayPal has become an episode of Black Mirror: Elon Musk
The "PayPal Mafia" including co-founders Peter Thiel and Elon Musk have slammed the payments platform over its "totalitarian" debanking policies.
CFTC declares Ether as a commodity again in court filing
The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test.
Apple to allow third-party app stores in windfall for NFTs and crypto
In a win for crypto app developers, incoming EU laws will force Apple to permit alternative app stores and apps without the need to go through its App Store.
The Costs Of Running A Bitcoin Node In Nigeria
The hardware, electricity and internet costs of running a Bitcoin node in Nigeria and ideas for mitigating these costs.In this article, I enumerate the costs of setting up and running a node in Nigeria, informed by my experience of running one over…
US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures
Bitcoin Price Hints At Potential Reversal, Buy The Dip?
Bitcoin price gained pace above the $17,500 resistance after the US CPI release. BTC tested the $18,000 resistance and might correct lower in the short-term. Bitcoin was able to clear the $17,450 and $17,500 resistance levels. The price is trading…
Toncoin (TON) Leads Market Gains With Over 27% In A Week
Toincoin is trading at $2.30, gaining 10.61% in 24 hours. The price change in this period is 0.3172. The 24-hour low is $2.05, while the 24-hour high is $2.37. Despite the recent events in the crypto space, TON has enjoyed a positive price surge…
FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail
On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance…
Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.
Why Goldman Sachs Expects This Asset Class To Outperform Bitcoin
A research note from Goldman Sachs published on Monday has painted a bull case for gold over the price of bitcoin. The bank’s research note comes at a time when the entirety of the crypto market is facing adversity and the price of bitcoin is down…
What Goldman Sachs' CEO misunderstands about private blockchains
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including…
Crypto community members discuss Bank-run on Binance
According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday.
German crypto asset trading platform Bitcoin Group SE buys bank with full license
Bankhaus von der Heydt has its own stablecoin and digital asset custody and tokenization services, but it was on the market for a while and almost went to BitMex execs.
Binance net withdrawals topped $3.6B over the last 7 days: Report
The sudden uptick in outflows may have been caused by market makers leaving the exchange.
'You can commit fraud in shorts and T-shirts in the sun,' says SDNY attorney on SBF indictment
Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests.
Saying Hello To Bitcoin
Critics have suggested that the collapse of FTX demonstrates flaws with Bitcoin, but this is a misunderstanding of its fundamentals.This is an opinion editorial by Pierre Rochard, the Vice President of Research at Riot.Ben Sixsmith has published a…
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers…
Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%
GMX and LOOKS price pulled off double-digit rallies in the last week as former BitMEX CEO Arthur Hayes revealed his investment thesis for both projects.
Breaking: SBF's lawyers request bail in Bahamas magistrate court pending extradition
The move comes just a day after the crypto executive's arrest on Dec. 12.
Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit?
The largest crypto exchange in the world, Binance has experienced the most significant Bitcoin withdrawal in its history, per recent data. The company might face a bank run as crypto investors’ confidence continues to decline following the collapse…
Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment from the Southern District of New York names only Sam Bankman-Fried, but contains allegations of illegal activities by “individuals known and unknown” as well.
Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD
Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been…
Zogi Labs Enters Partnership with Cronos to Launch The Legends of Bezogia
Dubai, December 13th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has…
Crypto Exchange Binance Refutes Allegations Of Money Laundering
The crypto sector has been a subject of divided opinions since the inception of Bitcoin and its meteoric rise. While the assets have benefits like fast transactions and decentralization, some risks include fraud and criminal activities. More…
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and 'conscientious stupidity'
Some members of the U.S. House of Representatives questioned whether Sam Bankman-Fried’s actions at FTX and Alameda may have been willful or due to gross incompetence.
Sam Bankman-Fried Indicted And Charged With Fraud
U.S. courts have filed eight separate charges against SBF according to an unsealed indictment.Sam Bankman-Fried, the disgraced former CEO of collapsed cryptocurrency exchange FTX, has been formally indicted on charges of fraud, money laundering and…