Lawsuit against FTX celebrity promoters gets backup from former exec
Daniel Friedberg, the former top compliance chief for FTX and FTX US, has provided a declaration that could support the lawsuit.
Posts published on May 11, 2023 go to media archive 1/4
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert
A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders…
Memecoins are like Powerball for crypto fans: Matrixport exec
For a lucky few, memecoins can provide a "path to wealth," for others it's simply a "risky gamble" Matrixport's Markus Thielen tells Cointelegraph.
Binance.US seeking to cut Changpeng Zhao's majority stake: Report
Changpeng Zhao is the crypto exchange's founder, majority owner and chair. He is also the CEO and co-founder of the global crypto exchange, Binance.
Bitcoin Price Technical Breakdown Could Take BTC Toward $25K
Bitcoin price is moving lower below the $28,000 level. BTC is at risk of a downside break toward the $25,000 support in the near term. Bitcoin struggled to recover above the $27,500 and $27,800 resistance levels. The price is trading below $27,500…
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.”…
US Chamber of Commerce slams SEC's ‘haphazard’ regulation efforts
The largest business organization in the world has thrown its weight behind Coinbase in its fight against the SEC.
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.
First Mover Asia: Bitcoin Regains $27K, but Investors Search for a Catalyst
ALSO: The CEO of Stablecorp says that bitcoin's recent dip is part of its growing pains. He says that the scalability of the bitcoin network and liquidity present challenges.
Big breath as Beacon Chain stops finalizing... and then recovers
The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes.
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
Pepe would be ashamed by PEPE investors
Memes come and go, but greed, harassment and “community” are stalwarts of the crypto industry.
Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia Express
IRS wants $38B in unpaid taxes from Alameda, Milady token surges 3,000%, restraining order for Arthur Hayes over 3AC “threatening” words.
Binance.US Explores Ways to Decrease CZ's Dominant Share: The Information
Since the summer of 2022, Zhao has been attempting to offload at least a portion of his shares, according to one individual that spoke with The Information.
Justin Sun Will Now Publicly Trade Meme Coins Like PEPE, Best Time To Copy Trade Him?
Justin Sun, the vocal crypto supporter and co-founder of Tron and chief executive officer (CEO) of BitTorrent, says he will begin actively trading meme coins like PEPE. Justin Sun Eying Meme Coins In a tweet on May 11, Sun, known for being a…
US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous to the digital asset industry.
Crypto Nightmare: OFAC To Allegedly Place Milady Wallet Owners On Blacklist
The frenzy around meme-based cryptocurrencies continues, with a new player stealing the headlines from PEPE coin. Milady is the latest entrant in this space, and its self-organized meme coin, LADYS, is based on an anime avatar non-fungible token…
Ethereum Mainnet Was Unable to Fully Finalize Transactions for 25 Minutes
Developers resolved the finalization issues and are investigating what caused the outage.
Federal Reserve's FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols.
SEC Slammed By U.S. Chamber Of Commerce For Regulatory Approach To Cryptocurrencies In Coinbase Filing
The Securities and Exchange Commission (SEC) is facing criticism from the United States Chamber of Commerce over its lack of clarity regarding which digital assets are securities under federal law. This issue has “immense implications for every…
BlockFi users to get back $297M from Wallet accounts: Report
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan.
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the…
BlockGPT launches ‘chat to earn’ ecosystem for training AI
A new Web3 initiative aims to build a ChatGPT-style artificial intelligence system on the blockchain.
Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available.
Elon Musk Stepping Down as Twitter CEO, Will This Be The End of Dogecoin?
Elon Musk, the owner of Twitter and a big supporter of Dogecoin, the original meme coin, is stepping down as the CEO of the social media platform to focus on product development. He will act as the chief technology officer (CTO) of Twitter. Elon…
Elon Musk announces he will step down as Twitter CEO
The soon-to-be-former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software and system operations.
Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase
BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.
Elon Musk's Twitter, Crypto's Town Square, Has Found a New CEO
Musk says he'll shift to being chief technology officer.
'The SEC’s actions have crippled a nascent industry' — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de facto ban on digital asset trading platforms.”
Cardano May Sink To This Level As Bears Keep Gaining Leverage
Over the past few days, the price of Cardano has been in a downward trend. This has led to the strengthening of bearish sentiment. In the last 24 hours, ADA experienced a dip of approximately 4.2%. Over the past week, the altcoin depreciated by…