Disgraced FTX founder Sam Bankman-Fried reportedly dined with a member of the US Commodity Futures Trading Commission (CFTC), the same federal agency he sought to have regulate the crypto industry, shortly before the crypto exchange collapsed. According to a new report by the Los Angeles Times, FTX employed several former federal regulators, which gave Bankman-Fried …
Yearly archives: 2022
Over $3,500,000,000 in Crypto Transferred to the Bahamas’ Regulator Hours After FTX Declared Bankruptcy
Over $3.5 billion worth of digital assets were transferred to the Securities Commission of The Bahamas just hours after crypto exchange FTX filed for bankruptcy. According to a new press release, the Bahamian regulator forced FTX to transfer all of the crypto assets under its control to wallets owned by the government for “safekeeping” on …
Bithumb’s largest shareholder executive found dead following allegations of embezzlement
Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. Prior to his death, Mr. Mo had been named as a primary suspect in an investigation launched by South Korean prosecutors …
Ethereum founder says he hopes Solana gets a ‘chance to thrive’
Ethereum founder Vitalik Buterin showed sympathy for competitor Solana (SOL) in a Dec. 30 tweet. He said that “smart people” tell him that Solana has “an earnest smart developer community,” and suggested that the opportunists who were involved with the project in the past have been “washed out.” Buterin also expressed hope that the Solana …
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DeFi sees exploits and exit scam drama in the last week of 2022: 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. For DeFi, the last week of 2022 saw another slew of exploits, insider job accusations and exit scam drama. It all started on Christmas, when Defrost Finance, a decentralized …
Crypto Biz: Did Michael Saylor buy the Bitcoin bottom for once?
Business intelligence firm MicroStrategy is showing no signs of backing down on its Bitcoin gambit. Right around the time that Sam Bankman-Fried was being exposed as a fraud, MicroStrategy was scooping up more Bitcoin (BTC) — this time, the firm bought as close to the bottom as it’s ever gotten. While Bitcoin can always go …
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SBF’s January Hearing Is Pending: Where Is the FTX Founder Now?
FTX frontman Sam Bankman-Fried is back in the U.S. awaiting trial. Here’s what happened last week. The criminal case against Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, is ongoing. Here’s the latest on the matter. Bankman-Fried was arrested in the Bahamas on Dec. 12. He was charged by U.S. officials …
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Seven Features Every German Online Crypto Casino Needs
Germany has legalized online gambling entertainment fairly recently. This was done through the Interstate Treaty on Gambling back in mid-2021. To comply with this legislation, operators need to facilitate a safe gambling environment. It’s also important to have appealing content or a diverse game selection. If casinos want to improve and attract more users, they …
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Top Crypto Gainers Today December 30 – FTX, SOL, FGHT, D2T, RIA, TARO
The year 2022 seems to be ending on a lyric note for most players in the crypto playing field, with the global market cap dipping […] Go to Source
Just 7 Days To Go In Dash 2 Trade Presale – It’s Not Too Late!
Investors in the cryptocurrency industry are finding ways to stay afloat against the backdrop of the 2022 crypto winter. The last 12 months were shaped […] Go to Source
Privacy of 100,000 Crypto Traders Compromised As Trading Bot Firm Confirms Hack After Warning From Changpeng Zhao
Crypto trading bot 3Commas is confirming allegations that its platform has been compromised and user data was leaked. 3Commas CEO Yuriy Sorokin affirmed the security breach, saying that API (application program interface) keys have been stolen after the chief executive of Binance, Changpeng Zhao, warned investors about the situation. “We saw the hacker’s message and …
Companies and investors may need to return billions in funds paid by FTX
The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange’s collapse, an insolvency attorney told Cointelegraph. In short, a clawback refers to money paid out that is …
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10 crypto tweets that aged like milk: 2022 edition
To put it lightly, it has been a wild year for the crypto sector. In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in …
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Price analysis 12/30: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI
Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times. The next big question troubling crypto …
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BTC price lurches toward $16K as stocks, dollar wobble in final session
Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC/USD heading ever closer to $16,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will new year deliver “long-awaited volatility?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking down to lows of $16,337 on Bitstamp. The pair had been gradually upping …
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