Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It fel...
Tag: news
Top Analyst Says Bitcoin Flashing Relative Strength Despite ‘Worst News Fathomable’ – But There’s a Catch
A popular crypto strategist is highlighting Bitcoin’s (BTC) ability to hold current price levels in the face of a major black swan event. The pseudonymous analyst known in the industry as Cred says Bi...
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder – Bitcoin News
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly p...
Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi – Press release Bitcoin News
press release Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and se...
Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus – Featured Bitcoin News
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of...
Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning – Featured Bitcoin News
Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put...
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News
Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion...
‘FTX Accounts Drainer’ Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet – Bitcoin News
The exploiter responsible for siphoning millions of dollars in ERC20 tokens and ethereum from FTX has added more ether to the entity’s holdings. The wallet is now situated in the top 30 largest wallet...
New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’ – Bitcoin News
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlem...
Find Renewable Income With These Alternative Energy Dividend Stocks
As much of the world is going through a secular shift from fossil fuels to renewable energy sources to help slow climate change, many renewable energy stocks have promising growth prospects ahead. Let...
Burger King Parent Restaurant Brands Makes a Whopper of a Breakout
Restaurant Brands International (QSR) owns four prominent quick service restaurant brands: Burger King, Popeyes Louisiana Kitchen, Tim Hortons and Firehouse Subs. The QSR stock price has soared highe...
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’ – Bitcoin News
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from G...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data – Bitcoin News
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market ...
FIFA Boss Fires Back At Detractors In Bizarre News Conference—A Day Before World Cup Kicks Off
Topline FIFA president Gianni Infantino raised eyebrows at a news conference Saturday over a series of strange comments defending the policies of Qatar’s extremely conservative Muslim government...
Singapore police warn of FTX phishing scams
Investors have been reminded by the Singapore Police Force to be wary of websites that falsely claim they can assist them in recovering assets from the cryptocurrency exchange FTX, which has now gone ...
CBS News Suspends Use Of Twitter ‘In Light Of The Uncertainty’ Surrounding Platform Under Musk
NEW YORK, NY – AUGUST 02: The CBS headquarters seen on August 2, 2013 in New York City. (Photo by … [+] Andrew Burton/Getty Images) Getty Images CBS News has decided to suspend posting to ...
Due to conflicts of interest, SBF's attorneys drop FTX
South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin’s asset worth over...
Thanks to the FTX Collapse, Bitcoin’s Price in November 2022 Looks to Join the 4 Previous Negative Novembers of the Past 11 Years – Market Updates Bitcoin News
Since bitcoin’s price was first measured in fiat value in 2010, only four out of the 11 Novembers in bitcoin’s history have seen monthly declines. Eight of the Novembers in bitcoin’s price history saw...
ALGO Nearly 10% Higher, TRX Extends Recent Gains – Market Updates Bitcoin News
Algorand has been a notable exception in what has been a relatively bearish start to the weekend. On Nov. 19, the token rose by nearly 10%, as cryptocurrency markets mostly traded lower. Another notew...
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals – Exchanges Bitcoin News
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, wh...
ETH Heads Towards $1,200 Breakout on Saturday – Market Updates Bitcoin News
Ethereum was once again nearing a breakout of its $1,200 level, as bearish sentiment returned to start the weekend. Following price rebounds on Friday, cryptocurrency markets were back in the red, and...
A Revolutionary Model for Data Monetization? – Sponsored Bitcoin News
sponsored During the last decade or so, data has become a hot topic and often a controversial one. As a result of Big Tech abuses and government-led collection schemes, people’s data is mined continuo...
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads – Regulation Bitcoin News
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legisl...
950 FTX Users in Taiwan Had Digital Funds Worth $150 Million Held on the Exchange When It Collapsed – Featured Bitcoin News
At the time of FTX’s collapse, about 950 users in Taiwan had a total of $150 million worth of digital assets stored or held at the crypto exchange, a law firm has reportedly said. FTX users in Taiwan ...
South Korea seizes $104M from Terra’s co-founder on unjust earnings.
South Korean authorities are continuing their efforts to bring closure to the victims of the year’s first crypto crash, which involved Terraform Labs. While the crypto exchange FTX has taken the...
Grayscale withholds on-chain reserve evidence for security reasons
Grayscale Investments, a company that sells cryptocurrency investment products, has declined to provide on-chain proof of reserves or wallet addresses in order to demonstrate the digital currency prod...
UK Law Commission Seeks Evidence on DAOs — Expert Says ‘New Legal Forms Are Required’ – Featured Bitcoin News
The United Kingdom Law Commission recently asked experts and users to participate in a ten-week exercise whose objective is to help the commission better understand how decentralized autonomous organi...
US subcommittee chairman requests FTX information.
The head of a House subcommittee in the United States has put pressure on both the previous and present CEOs of the defunct FTX cryptocurrency exchange, demanding that they provide documentation perta...
Mersinger feels crypto regulation is needed
Summer Mersinger, a commissioner of the United States Commodity Futures Trading Commission (CFTC), expressed her belief that the time may have come to take action on the regulation of cryptocurrencies...
Russian law legalises crypto mining, sales under ‘experimental legal system’
On November 17, a measure to legalise the mining of cryptocurrencies as well as the selling of the cryptocurrencies that have been mined was presented into the Russian State Duma, which is the lower c...
Bitstamp acquires a Spanish crypto licence
Bitstamp said that it has been granted a licence to do business in the crypto sector in Spain. Since it was founded in 2011, the exchange has been primarily concentrating on the market in the European...