Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…
US Senator: There's 'no reason why' crypto should exist
Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there's “no reason” why it should exist.
Crypto spam bots go silent while Musk promises to prosecute scammers
Some users in the crypto Twitter space are already reporting a reduction in the number of scam bots after Elon Musk’s latest changes to the social media platform.
Bitcoin Price Stuck In Key Range, Why The Bulls Remain In Action
Bitcoin price failed to clear the $17,300 zone and corrected lower. BTC could find a strong buying interest near $16,900 or $16,700 in the coming sessions. Bitcoin failed to gain pace for a move above $17,300 and $17,450. The price is trading below…
Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness
Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,”…
Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse
Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,” the rock legend…
Bitcoin’s boring price action allows XMR, TON, TWT and AXS to gather strength
BTC’s price range is tightening in preparation for a potential range expansion. Meanwhile, XMR, TON, TWT and AXS are maintaining their bullish momentum.
Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance
Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability…
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up…
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed…
How Dozens Of Denver Middle Schoolers Became Bitcoin Entrepreneurs
An entrepreneurship program for middle schoolers in Denver equipped participants with sats and lessons in what makes Bitcoin the future.This is an opinion editorial by Ryan Brisch, Anthony Feliciano and Mark Maraia, who recently spent a few weeks…
FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain — Week in Review
It’s been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison’s account at FTX. In related news, Elon Musk has been criticized for suggesting…
Abnormal token price movements on Binance not hack-related, confirms CZ
On Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for the issue.
Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state…
Astar Network CEO: Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’
Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot…
FirstByte Media’s Cosmin Mesenschi on How CryptoGambling.tips Helps the Crypto Community
Cosmin Mesenschi is the Founder and CEO of FirstByte Media. A brand creator with a wealth of knowledge in the crypto gambling industry. His past experiences in the sector has shaped his way of thinking about the market, leading him to find a niche…
FTT investors' claims to be investigated for securities laws violations
To help the investors legally recoup losses, Schall Law Firm plans to investigate FTX for issuing misleading statements or failing to disclose crucial information.
Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says
Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…
Judge Dismisses Crypto Lawsuit Against Kim Kardashian
A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the…
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking…
Bitcoin can facilitate positive freedom by enabling individuals to retain value of their savings and feel more fulfilled.This is an opinion editorial by Logan Bolinger, a lawyer and the author of a free weekly newsletter about the intersection of…
Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printed. Robert Kiyosaki Predicts…
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