Blockstream raising funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity.
Posts published on December 6, 2022 go to media archive 1/3
Nifty News: Winamp adds NFT support, Atari gets physical and more
Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law.
LINK Price Keeps Steady With 7% Surge In Last 7 Days, But Things Might Change
LINK, within the last 30 days, has already visited the $5 region twice, changing hands at $5.96 at one point in November 10 and going to as low as $5.69 on November 21. Since then, the Chainlink network crypto asset has managed to recapture the $6…
Ethereum Price Won’t Go Down Quietly: Risk of Bounce Grows
Ethereum started a downside correction from the $1,300 resistance against the US Dollar. ETH must clear the $1,275 level to start a fresh increase. Ethereum is holding the $1,240 support and is currently consolidating near $1,260. The price is now…
Iran set to freeze bank accounts of women who refuse to wear a hijab
Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs.
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell
On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX…
Rep. Cawthorn fined for ethics breach over Let’s Go Brandon token promo
The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions but he was fined for it regardless and for also not declaring a “gift” of the token.
Despite Strong On-Chain Metrics, Macro Headwinds Remain
Bitcoin has seen major capitulation from all-time highs and on-chain indicators suggest the worst may be behind us, but significant macro challenges remain. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin…
Bitcoin Price Consolidates Near $17K: What Could Trigger A Fresh Increase
Bitcoin price started a downside correction from the $17,500 resistance. BTC is trading above the $16,800 support and might start a fresh increase. Bitcoin tested the $16,800 support zone and traded as low as $16,888. The price is trading near…
Crypto will be regulated as securities — ICE boss and Senator Warren
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto.
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready
Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will…
Bitcoin Is A Humanistic Alternative To Technological Salvation
Bitcoin will shape the future of humanity in the wake of the 2008 financial crisis and the COVID-19 pandemic.This is an opinion editorial by Nozomi Hayase Ph.D., who has a background in psychology and human development.The 2008 financial meltdown…
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions.
Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
The New York-based hedge funds want Grayscale to cough up information about its flagship Bitcoin trust which it believes could reveal potential mismanagement.
Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’
GensoKishi Official Release | LAND Sales Coming in December
Bitcoin Investor Cohorts Now Have Close Cost-Basis, What Does It Say About Market?
Data shows the different Bitcoin investor cohorts now have their cost-basis packed together in a tight range. Here’s what this may tell us about the current market. All Bitcoin Investor Groups Have Cost-Basis Between $18.7k And $22.9k…
Fan tokens struggle to hold on as World Cup quarter-finals draw nearer
Soccer fan tokens have seen their prices and trading volumes plummet since the start of the World Cup on Nov. 20.
Bullish Sentiment Spikes As Axie Infinity Price Propels 9%, What’s Next For AXS?
The Axie Infinity price has skyrocketed in the past week; the altcoin has secured close to 40% appreciation. On the daily chart, AXS registered a 4.8% spike. This positive price sentiment can be tied to the recent developments within the AXS…
Bitcoin Fundamental Expert Breaks Down Why The Bottom Is In
Calling the bottom in Bitcoin is no easy task. Prices tend to fall more dramatically and faster than anyone is prepared for and is the investing equivalent of catching a falling knife. Yet if anyone is equipped to accurately call the bottom in…
This Report Suggests Crypto Sector Bearing A Final Flush-Out
The crypto market is currently undergoing a series of unfortunate events. From the crash of stablecoin Terra to the fall of Celsius, it has been a gloomy year for crypto investors. More recently, the capitulation of the Bankman-Fried-led popular…
Court in China Recognizes NFTs as Virtual Property Protected by Law
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired…
This Analyst Thinks Bitcoin Will Hit $5,000 in 2023, Any Possibility?
Since the first few months of 2022, Bitcoin and crypto space has maintained a bearish trend, though there were a few spikes to recall. Several markets, including the stock markets, are still facing a crisis. Unfortunately, there are no signs of a…
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell.
North Korean Lazarus Group is targeting crypto funds with a new spin on an old trick
Microsoft and cybersecurity firm Volexity have traced a new version of AppleJeus malware to the hackers behind the Ronin exploit and numerous other online heists.
Cryptocurrency has become a playground for fraudsters
Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it's being sold to the public as casino entertainment.
3 reasons why Ethereum price keeps rejecting at the $1,300 level
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.
Glassnode: Bitcoin Holders Realized 14x More Losses Than Profits Recently
Data from Glassnode reveals Bitcoin holders realized 14 times more losses than profits in recent weeks. Bitcoin 7-Day MA Realized Profit/Loss Ratio Sets New All-Time Low As per the latest weekly report from Glassnode, the realized profit/loss ratio…
Paraguay's legislature fails to reverse presidential veto on crypto regulation law
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers.
Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices
On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm…