Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey
A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the…
South Korea seizes $104M from Terra co-founder suspecting unfair profits
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.
Forget The Federal Reserve, The Market Is Pivoting Anyway
CPI numbers from the U.S.-led markets to rally, leaving bitcoin in the dust as FTX shocked the crypto world. The Federal Reserve tests out a CBDC.“Fed Watch” is a macro podcast, true to bitcoin’s rebel nature. In each episode…
Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’
Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply…
FTX leadership pressed for information by US subcommittee chairman
A letter by the chair of the Subcommittee on Economic and Consumer Policy demanded the former and current FTX CEOs turn over details of the exchange’s past and current financials.
Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded.This is an opinion editorial by Nesrine Aissani, cofounder of the Zonebitcoin blog. I was born in the ‘80s in…
Pension Funds Must Adopt Bitcoin Or Risk Insolvency
The recent U.K. pension fund crisis reveals the only option for such entities: adopting bitcoin as soon as possible.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry…
Grayscale cites security concerns for withholding on-chain proof of reserves
Grayscale shared a letter from Coinbase Custody attesting that each of Grayscale’s crypto products is fully backed, but stopped short of providing the wallet addresses.
Bahamas Regulator Takes Action to Seize FTX’s Cryptocurrencies to ‘Protect’ Clients and Creditors
The Securities Commission of the Bahamas has ordered crypto exchange FTX to transfer its cryptocurrencies to a wallet controlled by the regulator. The “Urgent interim regulatory action was necessary to protect the interests” of…
Big Four Company KPMG to Examine New Business Models in the Metaverse
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as…
Tim Draper Stands By $250,000 Bitcoin Prediction, Here’s Why
Venture capitalist Tim Draper continues to show staunch support for bitcoin even during this time. Draper who has been an evangelist for bitcoin has said multiple times that he expects the digital asset to hit six figures, and once again, he has…
FTX Execs Gave $70 Million to Both Democrats and Republicans Heading Into the 2022 US Midterms
After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022…
Bitcoin traders increase leverage longs even as crypto critics say BTC is a “pure Ponzi”
In the past 48-hours Bitcoin traders added to their leveraged long positions even as crypto critics and politicians ramp up their criticism of cryptocurrencies.
CFTC Commissioner Mersinger says the time has come for action on crypto regulation
The commissioner said Congress may have to intervene in relations between the regulating agencies, but both have a role to work out; until then the burden is on the states.
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no…
LEO Token Records Positive Moves While Crypto Market Struggles
LEO, the native token of the Bitfinex exchange, has recorded positive gains as the crypto market struggles to gain footing. The utility token saw a price increase of 4.24% on the day. It also enjoyed an impressive 11% surge in the last 7 days. …
Why Bitcoin Is Not At Risk Of Knocking $10,000 If Grayscale Increases Selling Pressure
The crypto market has seen extreme selling pressure over the past week, with Bitcoin recording a fresh yearly low below its current levels. The number one crypto by market cap is entangled in the collapse of crypto exchange FTX and its subsequent…
EverEarn Ethereum Blockchain Public Presale With USDC Rewards
PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more…
Russian bill would legalize crypto mining, sales under ‘experimental legal regime’
The bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia’s latest step to integrate digital assets into its economy.
Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains
As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT’s week-on-week chart, the token has amassed over 90% gains. This comes as FTX’s debacle unfolds and traders grow wary of centralized…
Analysis of FTX and Alameda Collapse Points to Terra LUNA Fallout Starting the Domino Effect
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino…
Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?
In the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in ‘hot water’ has shown just how uncertain things can be in the crypto market…
Biggest Movers: LTC Rallies to 1-Week High, as UNI Snaps Recent Losses
Litecoin rallied to a one-week high on Friday, as the token rose for a second consecutive session. The move saw prices climb by close to 8% earlier in the day, and comes as crypto markets mostly traded higher. Uniswap also gained, rebounding from…
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