Democratic congresswoman Maxine Waters is urging disgraced former FTX CEO Sam Bankman-Fried to reconsider not attending next week’s congressional hearing on the collapse of his crypto exchange. The U.S. House Financial Services Committee, which Waters co-chairs, is holding a hearing investigating the FTX collapse on Wednesday, December 13. As Bankman-Fried conducted a series of high-profile …
Monthly archives: December 2022
Top Auditing Firm Finds Binance’s Bitcoin (BTC) Reserves Collateralized by More Than 100%
Crypto exchange giant Binance has enough reserves to back its users’ Bitcoin (BTC), according to global auditing firm Mazars. The auditing report comes after Binance announced a commitment to increasing financial transparency in the aftermath of the collapse of crypto exchange FTX. Binance announced in late November a proof-of-reserves (PoR) system to prove a one-to-one …
Bitcoin Price Prediction for Today, December 7: BTC Price Turns Down from a Recent High and Holds above $16.7K
Bitcoin’s Sideways Move Resumes as It Holds above $16.7K – December 7, 2022 Bitcoin’s (BTC) price stayed in the $17,297 resistance area for a week […] Go to Source
Toko Token Price Prediction – Will TKO Provide Higher Returns?
Toko Token (TKO) has witnessed a price surge lately. The token is slowly recovering from the bearish grip of the market. In just 24 hours, […] Go to Source
CryptoSlate Wrapped Daily: Binance auditor confirms reserves, 3AC founders subpoenaed, and Crypto Twitter drama
The biggest news in the cryptoverse for Dec. 6 includes Polygon co-founder hitting back against ‘jealous’ competition, Crypto.com CEO addressing ‘FUD,’ Binance auditors confirming Bitcoin reserves, and more. CryptoSlate Top Stories Polygon co-founder addresses criticisms the project is just as bad as Solana Polygon co-founder Sandeep Nailwal went on the defense against “ecosystems who are …
Canada’s Biggest Pension fund CPPI dropped crypto investment plan amid unstable markets
Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to Reuters sources. Early in 2021, CPPI’s Alpha Generation Lab, which studies emerging investment trends, formed a three-member team to research cryptocurrencies and blockchain businesses. …
US DOJ charges former CTO of blockchain company for fraud scheme
Rikesh Thapa conspired to sell about 174,285 of the blockchain company’s utility tokens and claimed that the cash he received were counterfeit. 1 min read Updated: December 7, 2022 at 10:27 pm Cover art/illustration via CryptoSlate The US Department of Justice said it has arrested Rikesh Thapa, the former chief technology officer of a blockchain company, …
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ECB’s Fabio Panetta says crypto needs regulation to maintain stability
Fabio Panetta said that the recent implosions may not be the endgame for crypto, if appropriate regulation is introduced globally. 2 min read Updated: December 7, 2022 at 7:00 pm Cover art/illustration via CryptoSlate European Central Bank official Fabio Panetta has argued that the crypto market cannot be trustless and stable without adequate transparency and …
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Research: Bitcoin held by miners sinks to 1 year lows; Poolin culpable
Bitcoin miners are facing a challenging time due to ongoing price uncertainty and global energy shortages. In addition, macro factors have conspired to raise the cost of borrowing, while access to capital is also drying up as risk appetite dwindles in the face of recessionary pressures. This situation is particularly bad for publically traded miners, …
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The Majilis approve new crypto regulation bill in Kazakhstan
The Majilis have approved the new bill “On Digital Assets of the Republic of Kazakhstan” governing the regulation of crypto assets alongside four other crypto mining regulation bills in Kazakhstan. 1/9New crypto regulations in Kazakhstan. Again. The Majilis approved the bill “On Digital Assets of the Republic of Kazakhstan”, as well as four related bills …
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Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa
United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts the funds to local currencies prior to moving them to recipients’ …
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Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers
Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numbers. With the app’s latest update, they can log in using blockchain-based numbers instead, and they can be purchased with cryptocurrency on the Fragment platform. Telegram Promises ‘New Era of Privacy’ With Accounts That Don’t Require Phone Numbers …
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Report: FTX Execs Offered Taylor Swift $100M to Endorse the Exchange, Source Says Singer Never Considered the Deal
According to a report, the American singer-songwriter Taylor Swift was allegedly courted by FTX to promote the exchange. Sources say the deal was worth more than $100 million and it was reportedly pushed by the FTX executive Claire Watanabe. Award-Winning Singer Taylor Swift Was Allegedly Courted by FTX Executives A report published by the Financial …
Data Lake: DeSci the Future of Crypto after the FTX Fiasco?
sponsored It’s no surprise that the news about FTX has dominated the headlines over recent weeks. Since the debacle was made public, several other dominoes have started to fall including the announcement that BlockFi has filed for bankruptcy. Before all of this there was the LUNA/Terra implosion, and if you’ve been around long enough you’ll …
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Palantir Co-Founder Says There’s Clear Use Case for Crypto and Decentralization Despite Fall of Major Industry Players
The co-founder of the software giant Palantir Technologies thinks there are still clear use cases for crypto and decentralization despite the ongoing bear market. Joe Lonsdale acknowledges in a new interview with Fox News that he does not believe crypto is over despite the fact most of the crypto space in the past 3-5 years …