Sam Bankman-Fried Addresses $8 Billion Balance Sheet Deficit, The Key Takeaway
The entire crypto market bled with multiple losses and asset devaluation after the collapse of Sam Bankman-Fried’s crypto exchange FTX. In addition, crypto firms exposed to FTX got a fair share of the bitter pill. Investigations have been…
Ethereum Price To Reclaim $1,300 Throne – What Are The Possibilities?
This week saw a positive recovery in some crypto assets, Ethereum included. It is gaining momentum and preparing for a bullish rally in the days to come. Although Ethereum is still below $1,300, some factors suggest a possible increase to $1,350…
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets
The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract…
After Jerome Powell’s speech, markets are caught in the middle. Participants are hoping for a pivot. Is the bottom in or is more pain on the horizon? The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…
US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen…
Bitcoin’s responses to black swans are irrelevant to its continued success as a protocol used around the world.This is an opinion editorial by Bernardo Filipe, a life-long thinker, philosopher and author of “The Straight…
US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including…
Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
PRESS RELEASE. INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of…
This Historic Bitcoin On-Chain Support Level Is Still Not Lost
On-chain data shows the historical 20-Day MA Bitcoin aSOPR support level has continued to hold so far. Bitcoin 20-Day MA aSOPR Rebounds Off Historical Support Line As pointed out by an analyst in a CryptoQuant post, the BTC aSOPR recently retested…
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as…
South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon's former associates
Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform.
Bitcoin Bearish Signal: MPI Records Highest Value Since April 2022
On-chain data shows the Bitcoin MPI has surged to its highest value since the April of this year, a sign that may prove to be bearish for the crypto’s price. Bitcoin Miners’ Position Index Has Spiked Up During Past Day As pointed out by…
While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’
While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t running Alameda.” SBF wasn’t the CEO of the…
Dems and Reps join forces to pressure SBF to testify before Congress
“Your willingness to talk to the public will help the company's customers, investors, and others," said House Financial Services Committee chair Maxine Waters, addressing SBF.
Ankr says no one should trade aBNBc, only LPs 'caught off guard' will be compensated
The company stated it would be discontinuing aBNBc and aBNBb tokens "effective immediately," and that "new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users."
U.S. Economic Data Foils Bitcoin Bulls’ Rally Attempt To Retake $17,000
Bitcoin is retracing and might be at the end of the short-term bullish momentum; the macroeconomic data might have shifted once again against it. The cryptocurrency saw profits after weeks of trending to the downside, but the rally is losing…
European Bitcoin Company Relai Reports Record Volumes Despite ECB’s Bitcoin Warning
Despite a recent warning from European politicians on the dangers of bitcoin, the Swiss-based bitcoin app has published record results this month.Relai, a Swiss company that provides a non-custodial bitcoin wallet app, has reported that November…
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236…
MEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders
PRESS RELEASE. In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract…
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm's founders "repeatedly fail to engage" with liquidators, but weren't shy about talking to the media.
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is.
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