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Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November
15.12.2022
Former CEO Sam Bankman-Fried has said he didn't know of any commingling of funds between his companies
Kevin O’Leary Tells US Lawmakers FTX Failed Because Binance Intentionally Killed It
15.12.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake...
Cathie Wood's ARK Continues to Buy Coinbase's Dip, Adding $3.2 Million of COIN to Portfolio
15.12.2022
The latest purchase means ARK's Innovation ETF holds 5.8 million COIN shares
Recently Signed 2009 Bitcoin Block Reward Linked to Hal Finney’s Set of BTC Transactions
15.12.2022
At the end of November, an unknown person signed a signature tied to an extremely old block reward mined on Jan. 19, 2009, and the user published a message and verified signature linked to the reward on the forum bitcointalk.org. The message was tied to a bitcoin address associated with block...
First Mover Asia: Bitcoin’s Strong Correlation to 'Dr. Copper' Grows Healthier; Bitcoin Seesaws Back to $17.8K
15.12.2022
Over the past week, the correlation between the red metal and cryptocurrency has grown tighter, which bodes well for investors. But a strengthening U.S. dollar may suggest a less rosy future
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead
15.12.2022
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing challenges after high-profile bankruptcies and amid tightening regulations....
Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls
14.12.2022
Top cryptocurrencies lost earlier gains after the Federal Reserve signals interest rates to keep rising well into 2023. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Bitcoin Miner CleanSpark Cuts 2023 Hashrate Outlook by Nearly 30%
14.12.2022
The miner cited delays in building out a mining facility by one of its partners, Lancium
After FTX: Explaining the Difference Between Liquidity and Insolvency
14.12.2022
Did FTX fall because of a “liquidity crisis” or a “run on the bank,” or was it insolvency? The language matters, says Frances Coppola
After Sam Bankman-Fried's Arrest, the FTX Show Goes On
14.12.2022
Strap in folks: It’s a big week. Former FTX CEO Sam Bankman-Fried and current FTX CEO John J. Ray III were supposed to speak to the House Financial Services Committee. Obviously, things didn’t quite work out that way
Sam Bankman-Fried Was a ‘Pathological Liar’: Congressman
14.12.2022
Rep. Ritchie Torres (D-N.Y.) discusses how the disgraced CEO “misled the public” and what he did with Bankman-Fried’s $2,900 political donation
NFT Marketplace Magic Eden Rolls Out Rewards Program
14.12.2022
After re-enforcing royalties earlier this month, the marketplace will reward users for their trading volumes on the marketplace
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
14.12.2022
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s...
Bitcoin Miner Core Scientific's Lender Wants to Give Miner $72M to Avoid Bankruptcy
14.12.2022
Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."
Forget CBDCs, Here’s Where the Biden Administration Needs to Focus in 2023
14.12.2022
Rather than centralizing the digital dollar, lawmakers should focus on exploring a decentralized identification program and develop financial literacy programs for the general public
FTX Hearing in US Senate Reveals Congress Doesn’t Have Immediate Answers
14.12.2022
The crypto industry is calling for U.S. regulations as the epic failures of FTX drag at the sector and most regulators say they can’t do the job without more powers from Congress. So far, a sound-and-fury campaign from lawmakers hasn’t yet signified a path forward
Crypto Lending Platform Maple Finance Unveils Major Overhaul, Stops Lending on Solana
14.12.2022
The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said
Federal Reserve Hikes US Rate 50 Basis Points, Slowing Pace but Keeping Hawkish Outlook
14.12.2022
The U.S. central bank raised its benchmark interest rate to a range of 4.25%-4.5% on Wednesday. Officials now expect the current rate-hiking cycle to peak next year at a "terminal rate" above 5%
NFT Sales This Week Jumped 27% Higher, Cryptopunks Rise Above Bored Apes
14.12.2022
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above...
After FTX, Let's Get Back to Hiring the Crypto People for the Job
14.12.2022
You got into crypto for the money. We got in for the system design. We are not the same, says Jenna Pilgrim