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Crypto Trading Firm Cumberland Says Bull Market is Close – Have We Bottomed Already?
13.12.2022
Despite the ongoing crypto market downturn which fuels concern amid many industry observers, an increasing number of developments suggests that a new bull market could be close, according to a recent analysis by crypto asset trading company Cumberland....
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Coinbase Report Reveals Significant Surge in Global Law Enforcement Inquiries – Here’s Why
13.12.2022
The US-based crypto exchange Coinbase has seen a 66% increase in requests from law enforcement this year compared to last year, a new report has revealed.
According to the report, published by Coinbase on Monday, the rise this year pushed the total number of requests received this year...
New FTX CEO Says ‘Unacceptable Practices’ by ‘Inexperienced and Unsophisticated Individuals’ Led to FTX Collapse – Here’s What Happened
13.12.2022
John Ray III, the new CEO of collapsed crypto exchange FTX, has claimed that Sam Bankman-Fried's crypto empire had virtually no corporate controls and a surprising lack of financial and other record-keeping.
In prepared remarks released Monday ahead of his testimony, Ray, a bankruptcy expert...
Breaking: Sam Bankman-Fried Arrested in The Bahamas Following Formal Notification by United States
13.12.2022
Sam Bankman-Fried, the disgraced founder of the now-bankrupt crypto exchange FTX, has been arrested in the Bahamas after US prosecutors formally filed criminal charges against him.
According to a statement from the government of the Bahamas, SBF was arrested on Monday following the "receipt...
Investors Not Satisfied with Binance’s Proof-of-Reserves Audit – Next Exchange to Collapse?
12.12.2022
Binance’s proof-of-reserves audit has already raised red flags, with some experts claiming it is far from enough to satisfy worried users.
The so-called proof-of-reserves report was released on December 7 in the form of a 5-page PDF document prepared by the global accounting firm Mazar’s South...
NYC Blockchain Community Evolution: 2023 and Beyond
12.12.2022
Blockchain technology enables people to build decentralized applications as alternative solutions to the everyday infrastructure provided by institutions and other intermediaries. Web3 helps bridge the gap between these applications and those who use them. Unlike its predecessors, Web3 represents...
Sam Bankman-Fried Wants to Start a New Business to Pay Back Victims of FTX Collapse – This is What You Need to Know
12.12.2022
Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, has said that he hopes to start a new business and earn enough money to pay back victims of the collapse.
Speaking from the Bahamas, the disgraced crypto boss acknowledged that he was "not nearly as competent as...
Sam Bankman-Fried Finally Agrees to Testify Before House Committee Next Week – This is What Happened
10.12.2022
Sam Bankman-Fried, founder and former CEO of FTX, has eventually agreed to participate in the upcoming U.S. House committee’s hearing and testify on the collapse of his crypto empire.
In a Friday tweet, Bankman-Fried said he still does not have access to much data regarding his crypto empire...
Crypto.com Crypto Exchange Provides Proof of Reserves After Panic by Investors – Here’s What You Need to Know
10.12.2022
Crypto.com has become the latest cryptocurrency exchange to release its Proof of Reserves data from auditing firm Mazars Group, proving that its clients' assets are fully backed one-to-one.
According to a Friday blog post, auditing firm Mazars conducted the verification process, revealing that...
The SEC Wants Firms to Publicly Disclose Their Exposure to Crypto – More Regulation Coming?
9.12.2022
The US Securities and Exchange Commission (SEC) has made it clear that they want companies to disclose any crypto-related risks they may be exposed to, saying that both direct and indirect exposure must be described.
The SEC now says firms should describe how company bankruptcies and subsequent...
Starbucks Unveils Web3 Loyalty Program, Inviting Customers on an 'Odyssey' of Rewards and Benefits
9.12.2022
Seattle-based major coffeehouse chain Starbucks is expanding its exposure to Web3 and non-fungible tokens (NFTs) with the launch of the beta version of Starbucks Odyssey, a new loyalty program made available to a small group of waitlist members comprising customers and employees in the US. ...
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Revealed: Shark Tank Superstar Kevin O’Leary Was Paid This Much by FTX to Promote Platform
9.12.2022
Investor and Shark Tank Judge Kevin O'Leary has revealed that he has lost almost all the $15 million the now-bankrupt cryptocurrency exchange FTX paid him to be its official spokesperson....
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New Report: November Month Alone Saw Record-Breaking $4.88 Billion Worth of Crypto Lost or Stolen – Here’s What Happened
8.12.2022
As much as $4.88bn worth of crypto were either lost or stolen in November, with one incident alone accounting for a whopping $2.8bn, a new report from DappRadar has revealed.
According to the report, the single largest case to impact crypto users in November was the halting of withdrawals from...
Binance’s Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit – This is What You Need to Know
8.12.2022
A report by auditing firm Mazars has revealed that Binance's bitcoin reserves have a 101% collateralization ratio, suggesting that the exchange has more than all of the BTC it needs to cover customer deposits.
In a recent report, Mazars claimed the world's largest cryptocurrency exchange has...
Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?
8.12.2022
Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain. ...
A Look Inside Alameda – Sam Bankman-Fried’s Fallen Crypto Hedge Fund Investments Revealed Here
7.12.2022
The venture capital arm of Sam Bankman-Fried’s crypto trading firm Alameda Research had illiquid investments worth more than $5.4bn spread across nearly 500 companies, newly published documents have revealed.
The venture investments controlled by Bankman-Fried appears to have covered everything...
Former Federal Prosecutor: Sam Bankman-Fried Should Be ‘Very Concerned About Prison Time’
7.12.2022
FTX founder and former CEO Sam Bankman-Fried should be “very concerned about prison time” after the collapse of his crypto empire, a former US federal prosecutor has said.
Speaking in an interview with CNBC, Renato Mariotti, a former federal prosecutor and attorney who has represented clients...
Crypto Security: iPhone and iPod Co-Creator Designs New Hardware Wallet for Ledger
7.12.2022
Hardware cryptocurrency wallet developer Ledger has revealed that Tony Fadell, creator of Apple’s iPod, is the mastermind behind its new hardware wallet Ledger Stax.
In a Tuesday blog post, the company announced that the iconic iPod and iPhone co-creator Tony Fadell is the inventor and mastermind...
CEO of Crypto-Focused Bank Silvergate Addresses Insolvency Concerns – Here’s What He Said
6.12.2022
The CEO of the crypto-friendly bank Silvergate, Alan Lane, has addressed concerns that the bank could be near insolvency, saying the bank has “a resilient balance sheet and ample liquidity.”
The statement from the CEO was made in a public letter published on Monday, where Lane made it clear that...
El Salvador President Nayib Bukele Lashes Out at ‘Mainstream Media’ for Spreading Lies About the Country’s Bitcoin Investments
6.12.2022
El Salvador President Nayib Bukele has slammed "the mainstream media" over their attacks on the country's move to adopt Bitcoin as a legal tender.
The statement came in a response to a recent tweet by Bloomberg that claimed Bukele's move to promote Bitcoin as a "solution to the country’s economic...