The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.” CFTC’s Meetings With FTX and Sam Bankman-Fried The …
Yearly archives: 2022
While the FTX Co-Founder Claims He ‘Wasn’t Running Alameda,’ SBF Is Asked Why He Threw Caroline Ellison ‘Under the Bus’
While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t running Alameda.” SBF wasn’t the CEO of the trading firm Alameda Research as the job was handled by Caroline Ellison, a former Jane Street trader …
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago. Bitcoin’s Hashrate Slips Lower …
MEXC’s Changing for You | The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders
press release PRESS RELEASE. In September of this year, blockchain media outlet, Cointelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract business, and its average daily trading volume has reached an increase of 1,200%. 「Users first, MEXC’s Changing for you」has always …
Democrats attack the cryptocurrency sector, calling it “bullshit,” as hearings approach
A rift in the Democratic Party seems to have developed as Congress finally considers whether and how to seriously regulate the crypto business. Some of […] Go to Source
This Crypto Sector Has Stayed Resilient in the Face of FTX’s Implosion, According to DappRadar
As the downfall of FTX continues to push the crypto markets deeper into red territory, DappRadar says that one sector of the industry remains largely unaffected by the turmoil. In a new report, the data acquisition and analysis firm says that the blockchain gaming sector continues to be a driving force for the decentralized application …
Shark Tank’s Kevin O’Leary Addresses FTX Partnership, Says Blockchain Will Reveal Truth Behind Collapse
Shark Tank investor Kevin O’Leary is breaking his silence about missing the red flags when it came to doing business with former FTX CEO Sam Bankman-Fried. In a new interview on Stansberry Research, the celebrity businessman, who served as a spokesperson for the now-bankrupt crypto exchange, says he was surprised by the collapse of FTX, …
Bitcoin and Ethereum in See-Saw Movements as US Adds a Massive 263,000 Jobs
Digital asset markets are experiencing see-saw movements late this week after the latest US labor report shows more jobs were added last month than expected. The number of jobs increased by 263,000 in November while the unemployment rate remained unchanged at 3.7%, according to a new report released by the U.S. Bureau of Labor Statistics …
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Crypto Exchange Binance Rolls Out Trading Services for Brand-New Web3 Altcoin Project
The world’s largest crypto exchange platform by volume is listing a brand new altcoin in its Innovation Zone which allows users to trade newer token offerings. According to a recent company announcement, Binance Launchpad, a branch of Binance where crypto projects can raise funds, recently hosted a token sale for the Hooked Protocol (HOOK) via …
South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates
A judge with the Seoul Southern District Court has reportedly set aside arrest warrants for Terra co-founder Shin Hyun-seong along with those of 3 Terra investors and 4 developers. According to an Dec. 3 report from South Korea’s Yonhap News Agency, Judge Hong Jin-Pyo said there was little risk of Shin or the Terra associates …
DeFi ecosystem still haunted by FTX contagion: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX contagion that started in the second week of November is still haunting various crypto protocols in the DeFi ecosystem. The latest to fall prey to the contagion …
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Never mind FTX — Fine arts institutions should still onboard to blockchain
The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3. In November, Instagram announced that creators …
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Opera Crypto Browser to enable instant NFT minting through launchpad
In an announcement sent to Cointelegraph, the firm stated that it has partnered with Alteon LaunchPad to let beginners in Web3 or the NFT space easily mint NFTs. With the integration, users will be able to access a feature that lets them drag and drop media files into the browser, which writes a smart contract …
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Bitcoin Price Prediction for Today, December 2: BTC/USD Starts Technical Correction as Price Hits $17k
The Bitcoin price prediction reveals that BTC is retracing its recent losses, and it’s correcting gains and might decline towards the $16,500 support. Bitcoin Prediction […] Go to Source
New Cryptocurrency IMPT Ends Presale December 11th – Invest Today
New green crypto project project IMPT is set to launch early, announcing upcoming exchange listings on LBank, Changelly Pro and Uniswap. The IMPT presale is […] Go to Source