The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing unlicensed crypto-based investment products. The Australian Securities and Investment Commission (ASIC) announced on Nov. 23 local time that it started civil legal …
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Former FTX CEO Sam Bankman-Fried has once again attracted the ire of the crypto community — this time over his slated appearance at an upcoming New York City conference on November 30. Vocal members of Crypto Twitter have questioned why the former CEO of the now-bankrupt exchange continues to walk free given the events over the …
Continue reading “Sam Bankman-Fried still speaking at events and the community is furious”
A closely followed crypto analyst is warning Solana (SOL) holders that the smart contract platform’s downtrend is likely far from over. In a new strategy session, pseudonymous analyst Cheds tells his 50,200 YouTube subscribers that he’s bearish on Ethereum (ETH) rival Solana and that he plans to short SOL should it bounce to $15. If …
Two US Senators are publicly calling upon the Justice Department to hold disgraced and bankrupt crypto exchange FTX accountable for its massive collapse earlier this month. In a letter addressed to Attorney General Merrick Garland and Assistant Attorney General Kenneth Polite, Jr., Senators Elizabeth Warren and Sheldon Whitehouse say that FTX’s executives should face the …
New York Attorney General Letitia James is calling for a ban on crypto assets as an investment option for retirement accounts. In a recent letter penned to members of Congress, James details why the practice of allocating cryptocurrencies to 401(k) retirement funds should be outlawed, adding that she believes the asset class has no intrinsic …
For decades, banks and insurance firms employed the same mostly static but highly profitable and centralized business models. Also for decades, Big Tech firms such as Facebook, Microsoft, Amazon, Apple and Google have monopolized user data for their profit. However, blockchain projects could significantly challenge Big Tech’s grip on user data. In 2015, the future …
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Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction. …
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Scalable blockchain network Casper announced the launch of its new Casper Accelerate Grant Program on Nov. 23, created to support developers and innovators who are building apps to support infrastructure, end-user applications, and research innovation on its blockchain. JUST IN from @nextblockexpo:We’re glad to announce the launch of a $25M Casper Accelerate Grant Program. This fund …
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The biggest news in the cryptoverse for Nov. 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain data revealing investors taking advantage of the low prices, and Bitcoin and Ethereum consisting 91% of Bitfinex’s total reserves. CryptoSlate Top Stories BTC hash ribbon upcoming convergence signals miner capitulation Bitcoin (BTC) miners have …
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange for the duration of the bankruptcy proceedings. FTX filed a motion to acquire a custodian in relation to the bankruptcy process …
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Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is “open to all the possibilities that innovation brings.” When …
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse U.S. Congressman Tom Emmer said FTX’s collapse is not a crypto failure, rather a failure of business ethics, government oversight and regulatory oversight. 11 hours ago · 2 min read Go to Source
General partner at Fenbushi capital Bo Shen tweeted on Nov. 23 that malicious players stole $42 million from his personal wallet on Nov. 10. A total of 42M worth of crypto assets, including 38M in USDC were stolen from my personal wallet ending in 894 in the early morning of November 10 EST. The stolen …
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Mining profitability wanes for older mining rig models as later 2022 models amp up mining difficulty to the extent that competition can’t keep up. 1 min read Updated: November 23, 2022 at 7:41 pm Cover art/illustration via CryptoSlate Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations …
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On Nov. 18th, Semafor, the global news company, released an announcement stating “no reason in particular, but you can also follow us on,” and then listed a number of their social media platforms. No reason in particular, but you can also follow us on: YouTube https://t.co/vzf0vYlh9MTikTok https://t.co/Y5jAFLFYexInstagram https://t.co/WwnF6wQ5A8Flipboard https://t.co/zHDvxnjI3HFacebook https://t.co/bEoctknpeG And sign up for our …
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