According to new research conducted by the Hong Kong Monetary Authority (HKMA), the cryptocurrency industry is deeply intertwined with the traditional financial system, particularly stablecoins, pegge...
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Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter
FTX founder and former CEO Sam Bankman-Fried “froze up in the face of pressure” as his company collapsed, he wrote in a new letter sent to employees of the company he once helmed. In the l...
Can You Gamble with Cryptocurrency or Bitcoin Gambling vs Normal Currency
In its recent growth, the online casino industry has integrated digital coins, attracting more players to the system. Significant differences arise from normal currency casinos despite both serving th...
Grayscale Bitcoin Trust (GBTC) In Snug Apart From Liquidity Problems At Genesis
The GBTC managing company is in news with its sister company, Genesis amid FTX collapse. Grayscale says no to proof-of-reserves and shares trades at huge discounts to BTC. What Does the Report Say? ...
Is a dark web without violence possible? Tomi says yes
Well before talk of crypto-powered Web3, the vision for an alternative, surveillance-free internet hinged on the success of the so-called dark web, a popular name for web content that exists on overla...
Did FTX use customer funds to buy properties across the Bahamas?
According to multiple reports, FTX and its executives went on a real-estate buying spree across the Bahamas in the last two years. The company and its associated stakeholders apparently purchased over...
Coinbase CEO Assures Fully Backed Bitcoin Reserves, CZ Deletes Doubtful Tweet
Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ). Binance’s CEO...
The Clear Cut’s Newest Technology Disrupting The Diamond World
Olivia Landau, CEO and co-founder of Clear Cut. Clear Cut Since launching in 2018, The Clear Cut has experienced 136% YOY average volume growth with over one million dollars in diamond revenue per mon...
Iris Energy mining rigs set to go offline following $108M loan default
Slumping Bitcoin prices, paired with record-high hash rates and increasing energy prices, have caught up with Bitcoin miner Iris Energy. The Australia-based mining firm is set to take a significant c...
Dow Jones Rallies; Donald Trump SPAC Jumps On Vote; This Warren Buffett Stock Is In Buy Zone
The Dow Jones Industrial Average rallied amid rising hopes on interest rates. The Donald Trump SPAC Digital World Acquisition (DWAC) jumped on a key shareholder vote. Retail stocks gained after Best B...
CZ Sought Assistance From This Investors
Efforts are still underway to form a crypto recovery fund in the wake of liquidity crunch after the FTX collapse. A team of Binance executives led by CEO CZ sought funds for the crypto industry recove...
Appeals Court Appears Likely To Side With DOJ And Shut Down Trump Review
Topline A panel of appeals court judges signaled Tuesday they’re likely to end a special master’s review of documents the Justice Department seized from former President Donald Trump’s Mar-A-Lago esta...
Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’ – Bitcoin News
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking d...
Why Cathie Wood Remains Confident In Bold Bet
Following news that Ark Invest has made investments into Grayscale’s heavily discounted Bitcoin fund, CEO Cathie Wood is doubling down on a bold bet that the top cryptocurrency will reach $1M per coin...
Antioxidant-Rich Foods—Like Kale, Tea, Broccoli—Could Slow Rate Of Memory Decline, Study Suggests
Topline People who eat or drink foods with antioxidant flavonols could experience a slower rate of memory decline, according to a study published in the medical journal Neurology Tuesday, as an estima...
Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?
Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse. LTC price outperforms BTC, ETH The 2011-born altcoin rallied nea...
Let’s Stop Regulating Crypto Exchanges Like Western Union
The unfortunate failure of one of these money transmitters, West Realm Shires Services Inc., may be the final straw for this rickety arrangement. West Realm Shires Services is the official name for FT...
Looking to boost Ocean EV production as ‘we have more demand than we counted on’
Henrik Fisker, the CEO of his eponymous EV company, rang the opening bell at the NYSE today to mark a huge milestone for the company. Last week at contract manufacturer Magna’s sprawling plant in Graz...
Crypto Exchanges Lie That Your Funds Are Safe: Nouriel Roubini
Yuri Molchan Prominent economist “Dr. Doom” slams crypto exchanges and “proof-of-reserves” suggested by CZ Contents “Customer assets not safe in bankruptcy,” here&#...
The FTX Crash Is The Primary Reason For Rethinking Its Bitcoin Offerings
The United States Senate is under pressure to draft a regulatory bill on cryptocurrency. They noted that currently the crypto industry doesn’t have any proper rules or regulations on crypto asse...
IMF Says Africa’s Crypto Scene Needs Better Regulation As Adoption Surges
– Advertisement – The IMF has identified the need for better regulatory efforts for the massively-growing cryptocurrency industry in Africa. The International Monetary Fund (IMF) recently ...
Biden Pauses Student Loan Payments Through June
Topline The Department of Education will extend the suspension on payments toward federally held student loans for an additional six months, as President Joe Biden’s plan to permanently forgive many A...
Bahamas Court Orders FTX To Pay Remuneration Fees to Regulators
50 mins ago | 2 mins read Exchange News On November 12th, the Supreme Court ruled that FTX’s digital assets monitored by regulator. Fifty of the exchange’s largest debtors are owed a total of $3 billi...
Litecoin bucks market downtrend, posting 19% gains to pass Shiba Inu
Litecoin bucked the market downtrend, posting 19% gains over the past week to lead the top 100. Price performance over the last 24 hours has seen LTC record 13.7% gains to $70.10 from $61.53 at the ti...
Here Are All The Republicans Opposing McCarthy’s Bid For House Speaker — And What It Means For The Next Congress
Topline Rep. Ralph Norman (R-S.C.) said he will not vote for Rep. Kevin McCarthy (R-Calif.) as speaker of the House, making him at least the fifth member to indicate opposition to McCarthy’s speakersh...
Bitcoin Price Sinks to Lowest Level in 2 Years
At $15,649, Bitcoin has hit its lowest price since November 2020, as per CoinGecko data. The latest price crash represents a fall of over 26% from $21,418 on November 5, before word of any of FTX’s f...
Bit.com and its Solution – Proof of Solvency
Bit.com exchange has come up with proof of solvency amidst the chaos created by the fall of FTX. The fall of the FTX exchange created ripples in the cryptocurrency industry. The cryptocurrency behemot...
Can Runfy follow in the footsteps of BNB?- The Cryptonomist
SPONSORED POST* Formula 1 viewership has increased exponentially over the years. The dominant display by Lewis Hamilton, Valtteri Bottas, and Sebastian Vettel has drawn in millions of new viewers, exp...
Binance’s CEO Sows Doubt in Crypto Rival Coinbase and Digital Asset Manager Grayscale – Then Backtracks
Battles between crypto exchange titans has driven much of this month’s chaos in the industry. The latest salvo from Binance’s CEO appears to have been inaccurate. On Tuesday, Binance CEO C...
Stocks rise against backdrop of Fed comments, China COVID surge
U.S. stocks moved sharply higher Tuesday, with gains accelerating into the final hour of trading after a mostly uneventful pre-Thanksgiving session. The S&P 500 (^GSPC) and technology-heavy Nasdaq...