U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive...
Tag: news
Launch of Ethereum Climate Platform to reduce PoW emissions
The Ethereum community is now moving its effort to rectify the network’s prior proof-of-work (PoW) carbon emissions, which occurred many months after the Ethereum Merge, which was when the netwo...
New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices – Featured Bitcoin News
The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of cor...
NBC News Special Investigates ‘Meltdown’ At Twitter—Can It Survive Elon Musk?
Twitter owner Elon Musk is seen with a Twitter logo in this photo illustration in Warsaw, Poland on … [+] 21 September, 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images F...
El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says – Featured Bitcoin News
El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its ...
Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankrup...
MOVE Estrella Galicia’s Digital Innovation Programme Makes the Leap to Web3 – Press release Bitcoin News
press release PRESS RELEASE. After 4 editions based on digital innovations related to Estrella Galicia’s value chain, The Hop takes another step toward the exploration and development of Web3 initiati...
Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund – Bitcoin News
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF w...
XMR, LEO Move Towards 1-Week Highs on Thursday – Market Updates Bitcoin News
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX colla...
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed – Bitcoin News
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (...
Trust Wallet connects Binance Pay and Coinbase Pay
Trust Wallet, a self-custody cryptocurrency wallet, is gaining popularity as a direct consequence of FTX’s bankruptcy and the wider bank run on cryptocurrency exchanges. Within a week, the compa...
New FTX CEO Says Sam Bankman-Fried Does Not Speak on Firm’s Behalf, After SBF’s Candid Interview With Vox – Bitcoin News
Following the former FTX CEO Sam Bankman-Fried’s (SBF) interview with the New York Times and several direct text messages with Reuters, SBF recently did a much longer and more candid interview with Vo...
Bitvo abandons FTX purchase | Blockchain News
The Canadian cryptocurrency exchange Bitvo has terminated the proposed acquisition transaction it had with the FTX in order to preserve its standing as an autonomous company. Pateno Payments, which ...
BTC, ETH Decline as USD Strengthens Following Retail Sales Data – Market Updates Bitcoin News
Bitcoin was in the red for a second consecutive session, as markets continued to digest the latest U.S. retail sales figures. Sales rose by more than expected in October, coming in at 1.3%, versus exp...
NFT concludes F1 season with Red Bull Racing
The NFT team of Red Bull Racing is now in the driver’s seat for the last race of the season. Red Bull Racing will continue the trend of cryptocurrency and blockchain technology companies playing...
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions – Bitcoin News
Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developin...
El Salvador’s Nayib Bukele buy 1 BTC daily
Both the President of El Salvador, Nayib Bukele, and Justin Sun, the creator of Tron and the Ambassador of Grenada, are amassing one Bitcoin (BTC) daily. According to a tweet posted by Bukele, “...
Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees – Bitcoin News
Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to ...
Bitcoin Falls as Crypto Market Crashes Again
Most major cryptocurrencies spent most of the day trading in the negative on cryptocurrency platforms. Bitcoin investors have resumed their defensive attitude from the previous week, as seen by the fa...
6,522 ‘Sleeping Bitcoins’ Worth $107 Million Wake Up After 5 Years of Inactivity – Bitcoin News
On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years. While bitcoin’s value is 75% lower th...
Australia Suspends Financial Services License of Local FTX Entity – Exchanges Bitcoin News
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to p...
Investment Firm Paradigm Still Optimistic About Crypto — Says ‘Issues at FTX Are Precisely Ones Defi Can Solve’ – Featured Bitcoin News
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ...
Berkshire’s Charlie Munger Likes the Fed, Hates Bitcoin Promoters, Calls Tesla’s Success a Miracle – Featured Bitcoin News
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has commented on the collapse of crypto exchange FTX, stating that “it is partly fraud and party delusion.” Noting tha...
Kevin O’Leary Slammed for Saying He’d Back Former FTX CEO Again — Insists SBF Is a ‘Brilliant’ Crypto Trader – Featured Bitcoin News
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that he would again back Sam Bankman-Fried (SBF), the former CEO of the collapsed crypto exchange FTX. “You can’t be serious,” many people told O...
Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’ – Featured Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the problem following the collapse of cryptocurrency exchange FTX. Kiyosaki believes that former FTX ...
SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement ...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg – Bitcoin News
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the N...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse – Bitcoin News
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick ...
Terraform Labs Co-Founder Daniel Shin’s Firm Chai Reportedly Raided by Seoul Prosecutors – Bitcoin News
Following the collapse of FTX, law enforcement officials are still dealing with the Terra blockchain fiasco. A new report claims Terraform Labs (TFL) co-founder Daniel Shin’s company Chai Corporation ...