Huobi Backed Firm Fails To Withdraw Nearly $18 Million From FTX Exchange
Burning flames from the FTX collapse continue as damages spread throughout the crypto market and industry. FTX is left to themselves as other firms cannot assist due to the magnitude of debts incurred by the exchange. Binance initially intended to…
Ethereum Price Consolidates, ETH Indicators Suggest Upside Break
Ethereum started a recovery wave above the $1,240 level against the US Dollar. ETH could gain bullish momentum once it clears the $1,280 and $1,300 resistance levels. Ethereum started a recovery wave above the $1,220 and $1,240 levels. The price is…
US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation
U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work…
Bitcoin Investors Become Wary Of Crypto Exchanges Following FTX Crises
The sudden collapse of the FTX exchange has sent shock waves throughout the Bitcoin crypto world. The Bankman-Fried-led crypto empire hailed as an industry leader has filed for bankruptcy, creating widespread panic in crypto circles. This collapse…
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.” He added that the crypto…
Decentralizing Defection: How Bitcoin Circumvents Tyranny
Bitcoin allows everyone who wants to defect out of government-controlled money into sovereign, non-inflatable wealth.This is an opinion editorial by Kyle Schneps, director of public policy at Foundry, a Digital Currency Group company.The legacy…
FTX Australia's license suspended as 30K Aussies left in the lurch
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.
Bitcoin Price Stuck Below $17K, What Could Spark A Decent Increase
Bitcoin price is attempting a recovery wave from the $16,000 support zone. BTC could start a decent increase if it clears the $17,000 and $17,200 resistance levels in the short term. Bitcoin is slowly moving higher and consolidating above the…
Crypto stablecoin issuer Circle adds Apple Pay support
The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers.
The original intent for bitcoin involved regular usage — and that needs to be encouraged in order to see full adoption.This is an opinion editorial by Scott Worden, an engineer, an attorney and the founder of BTC Trusts.“I’ve been…
Mark Cuban Says FTX Implosion Isn’t Crypto Blowup — Explains Why He Invests in Crypto
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says recent blowups in the crypto space, including the FTX implosion, “have been banking blowups,” not crypto blowups. He also explained why he invests in…
FTX bankruptcy freezes millions worth of crypto company funds
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.
European Countries That Want To Boost Their Revenue Need Bitcoiners
Bitcoiners are incredible members of the community that contribute greatly to the countries they reside in.This is an opinion editorial by Holly Young, Ph.D., an active builder in the Portuguese Bitcoin community.Disclaimer: BTC Inc. is the parent…
Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard…
Will SBF face consequences for mismanaging FTX? Don’t count on it
Lawmakers, regulators and even the institutional media don’t seem to have much interest in faulting SBF for using customer money to trade under the table.
TRX Surges Over 600% Following Justin Sun’s Deal With FTX
Tron’s native token TRX has been seeing significant upside on the FTX exchange since the announcement of a potential deal that would allow users to withdraw funds. This deal is one of the only ones that have gone into effect since FTX began…
SBF Is Sleeping Better, Playing Video Games — New York Times Sam Bankman-Fried Interview Dunked on for Going Soft on FTX Co-Founder
On Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only…
Chainlink Increases Accumulation To 190 Days After FTX Fiasco, Is $12 Possible?
LINK’s price fails to hold amidst market turmoil as price falls back into its accumulation zone with a range-bound movement. LINK’s price continues to show strength after a bearish downtrend with the market’s current state, as…
California AG issues warning-ladened guidance for public interested in buying crypto
In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness.
Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder
Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were…
The Grand WAHED PitchFest – Pitch Your Idea and Win 25,000 USDT
PRESS RELEASE. WAHED is delighted to announce the Grand WAHED Pitchfest, an opportunity for entrepreneurs and innovators to secure funding for their next world-changing idea. Founders are invited to present their ideas to the WAHED Team, and the…
FDIC acting chair says no crypto firms or tokens are backed by agency
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”
Thousands petition for congressional investigation of alleged Gensler–SBF links
Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links.
SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change," said the SEC.
DC-Based Coffee Company Launches Bitcoin Blend In Honor Of El Salvadoran Farmers
The limited-edition run will donate a portion of tin sales to empower the growing coffee industry of El Salvador.Compass Coffee, a cafe company based in Washington DC, has partnered with the Embassy of El Salvador to launch Bitcoin Blend, a…
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