Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung’s Metaverse Push in Latam Many …
Continue reading “Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives”
Cryptocurrency analyst and trader Michaël van de Poppe is expressing bullish sentiment on Bitcoin (BTC) as 2022 comes to a close. In a new strategy session, Van de Poppe tells his 164,000 YouTube subscribers that Bitcoin is currently exhibiting a bullish chart pattern, which could break out to the upside in 2023. According to the …
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate restructuring to get out of …
Continue reading “Public Bitcoin mining companies plagued with $4B of collective debt”
The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court for the Southern District of New York rescued itself from the FTX case after revealing that a law firm — which employs Abrams’ husband …
Continue reading “Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link”
Public Bitcoin mining companies have a total of $4 billion in liabilities, with Core Scientific leading at $1.3 billion. 2 min read Updated: December 24, 2022 at 1:36 am Cover art/illustration via CryptoSlate Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in …
The Alameda Research CEO created an unlimited borrowing arrangement with FTX. 2 min read Updated: December 24, 2022 at 1:33 am Cover art/illustration via CryptoSlate FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO …
Continue reading “Caroline Ellison admits to concealing billions of dollars of FTX loans”
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon …
Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s recent rate hikes “might go down in history as most damaging ever.” The billionaire has urged the Fed to cut interest rates immediately, emphasizing that the U.S. central bank is “massively amplifying the probability of a severe recession.” Elon Musk on Fed Rate Hikes …
Continue reading “Elon Musk: Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever”
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does …
On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the recently unsealed guilty plea transcript of Caroline Ellison, Alameda Research’s former CEO. In her statements, Ellison describes that she was the co-CEO and CEO of Alameda, and under those roles, she reported directly to the former FTX CEO Sam Bankman-Fried (SBF). …
Caroline Ellison, a close friend of FTX founder Sam Bankman-Fried, apologized in court this week as she entered a guilty plea to fraud and other […] Go to Source
Dash 2 Trade is one of the most important crypto presales to come out this year. It aims to equalize the crypto trading arena by […] Go to Source
Bitcoin Will Attain New Highs as BTC Price Is Set to Break the $17K Hurdle – December 23, 2022 BTC/USD has been fluctuating below the […] Go to Source
Ethereum is still closely mirroring the price of bitcoin through the bear market and that has seen its price basically stall in the last day in tandem with BTC. ETH’s price is presently resting just above $1,200, and while this would have served as a good bounce-off point for the digital asset, it shows no …
Continue reading “Ethereum Stalls At $1,200, Why Bears Still Have The Upper Hand”
FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question now …
Continue reading “FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains?”
