US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for…
Bitcoin Price Regains Strength, Why BTC Could Surpass $18K This Time
Bitcoin price remained strong above the $16,700 level. BTC formed a base and started a fresh increase above the $17,000 resistance zone. Bitcoin found support near $16,700 and started a decent increase. The price is trading above $17,000 and the…
The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released.This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks. It is important for individuals looking…
Crypto Crisis Pushes BTC Mining Difficulty To Bottom Spot, Any Possibility Of Reversal?
The low profitability of BTC mining is still puzzling for many crypto fanatics and investors. There’s no surprise here, given the ever-increasing energy costs. Moreover, the bear market is also significantly impacting Bitcoin’s mining…
‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse
Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam, he stressed that its implosion “doesn’t mean that you…
Ethereum Bullish Signal: Whales And Sharks Continue To Add To Their Holdings
Data shows the Ethereum whales and sharks have continued to fill up their bags recently, a sign that may prove to be bullish for the price of the crypto. Ethereum Whales And Sharks Bought 561k ETH In A Single Day As per data from analytics firm…
SEC calls on firms to disclose exposure to crypto bankruptcies and risks
The Securities and Exchange Commission corporate finance division reminded companies of what they are required to disclose and provided guidance to what else they want to know.
Bitcoin Consolidation At $17K Could Be A Calm Before The Storm
Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the…
FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds
On Wednesday, non-fungible token (NFT) supporters discovered that NFT metadata hosted on the platform FTX US points to broken metadata, and the links now point to FTX’s restructuring website. Specific collections that were minted on the…
US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact
The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts.
DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse
The Digital Money Institute’s third annual payments report looks at CBDCs for the first time, as well as other payment methods, through the lens of cross-border payment utility.
Québec Utility Requests Reallocation Of Electricity Away From Bitcoin Miners
Last month, the provincial energy regulator was asked to reallocate 270 megawatts that was set aside for cryptocurrency mining.The Québec government’s utility company, Hydro-Québec, has requested the reallocation of 270 megawatts…
Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet
A Bitcoin on-chain metric still hasn’t formed the same condition as in the previous bottom, suggesting that the current low may not be in yet. Stablecoin Exchange Inflows (Top 10) Hasn’t Shown Any Spikes Recently As pointed out by an…
Countries and institutions move into crypto despite market drop: Report
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.
FTX’s Odd Relationship With Vertical Farming Firms — A Look at Exchange Boss Ryan Salame’s and Bahamian PM Philip Davis’ Trip to 80 Acres
After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specific investments. One specific investment made by…
MATIC Price Battles Under $1 Despite Bullish Signals
The Polygon (MATIC) price momentum registered a positive shift over the last 24 hours. The altcoin gained close to 3%. Meanwhile, on the weekly chart, MATIC is yet to recover from its losses. The technical outlook depicted positive price action…
BlockFi employees were discouraged from describing risks in internal communications: Report
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.
Alameda-Funded Ren Tells Users to ‘Bridge Back to Native Chains’ as It Sunsets 1.0 Platform
According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every…
US lawmakers question federal regulators on banks' ties to crypto firms
“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
WAVES price and its USDN stablecoin lose value after the Digital Asset eXchange Association issues a caution notice and Upbit exchange delists the token.
Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC
Any Bitcoin price prediction is just a guess without a basis to make the forecast. The stock-to-flow model that was once the most cited reason for expectations of higher prices has failed, leaving technical analysis, on-chain signals, and…
Biggest Movers: LTC, ATOM Extend Declines, Hitting 10-Day Lows
Litecoin fell for a third consecutive session on Thursday, as the token continued to move away from recent highs. Cryptocurrencies have been mostly lower in recent days, as traders continue to fear a global recession. Cosmos also remained in the…
Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens
The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a…
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