7 class action lawsuits have been filed against SBF so far, records show
Sam Bankman-Fried has been the subject of many lawsuits and investigations since the collapse of FTX, with more likely to follow.
Posts published on December 8, 2022 go to media archive 1/3
Approach with caution: US banking regulator’s crypto warning
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.
Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400
Ethereum bulls defended the $1,220 support zone against the US Dollar. ETH is rising and might aim a strong bullish wave above the $1,300 resistance zone. Ethereum remained well bid and strong above the $1,220 zone. The price is now trading above…
Kevin O’Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange
Polkadot Bears Might Drag Its Price Down Despite Bullish Signals
The Polkadot price has attempted to break past its immediate resistance several times during the first week of December. Despite that, the bulls could not build on their strength. This suggests that the coin’s buying power remained low at…
Sam Bankman-Fried misses deadline to respond to testimony request, now what?
The Senate banking committee set a deadline for Sam Bankman-Fried to respond to the request on Dec. 8 at 5pm ET.
What's in and what's out for Ethereum's Shanghai upgrade
A tentative timeline of March 2023 has been set for the Shanghai upgrade which will enable staking withdrawals, a list of EIPs have also been packaged in but EIP-4844 didn't make the cut.
GameStop to drop crypto efforts as Q3 losses near $95M
The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.
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…
Understanding Bitcoin Network Hash Rate Increases
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…
FEC probe demanded after SBF 'admitted' to making dark money donations
Sam Bankman-Fried previously told crypto vlogger Tiffany Fong in an interview that all his republican donations "were dark."
Crypto Crisis Pushes BTC Mining Difficulty To Bottom Spot, Any Possibility Of Reversal?
‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse
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…
What Paul Krugman gets wrong about crypto
Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin's 2008 white paper.
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
Ren protocol warns users to unwrap tokens or risk losses as upgrade looms
The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days.
Is Bitcoin Bottom In? This On-Chain Condition Hasn’t Been Met Yet
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…
Paradigm releases 'Ethereum for Rust' to help ensure network stability
A previous version of Ethereum for Rust had been released by Erigon in June, but the Erigon team stopped supporting it due to a lack of resources.
Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
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.