FTX founder Sam Bankman-Fried has received official criminal charges after the collapse of his cryptocurrency exchange, which is more than just a moral victory for the exchange’s roughly 1 million individual investors. While not locked in yet, things appear to be on track for these investors to take a more favorable tax position as SBF’s …
Yearly archives: 2022
Hal Finney’s wife resumes activity on Bitcoin pioneer’s Twitter account to avoid potential purge
Fran Finney, the wife of computer scientist Hal Finney — the recipient of the first transaction on the Bitcoin blockchain from Satoshi Nakamoto — reactivated her late husband’s Twitter account amid concerns Twitter CEO Elon Musk might purge the content from the social media platform due to inactivity. Many Crypto Twitter users reported on Dec. …
Argentina’s province to issue US dollar-pegged stablecoin
The province of San Luis in Argentina approved a legislation allowing the issuance of its own stablecoin pegged to the United States dollar. The token, dubbed the “Activo Digital San Luis de Ahorro”, will be available to all citizens of the province over the age of 18 and 100% collateralized in liquid financial assets of …
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Crypto Stories: Dr. Adam Back shares his life of hacks
It’s been a life of hacks for Dr. Adam Back, the CEO and co-founder of Blockstream. One of the few people quoted on the Bitcoin Whitepaper, hacking highlights of Back’s life are brought to life in the latest animated Crypto Story from Cointelegraph’s video team. [embedded content] Over a game of Jenga in a park, …
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Bitcoin Price Prediction for Today, December 16: BTC/USD Plummets Below $17k
The Bitcoin price prediction reveals that BTC is once again falling below $17,000 and could extend the bearish movement to $16,000. Bitcoin Prediction Statistics Data: […] Go to Source
Raydium Hack on Solana DeFi Exchange Costs Over $2 Million
For Solana, the holiday season has been difficult. Solana has now experienced a significant hack to one of its largest DeFi protocols, further causing the […] Go to Source
OneCoin co-founder pleads guilty on fraud, money laundering charges
Karl Sebastian Greenwood has been convicted four years after his initial arrest. 2 min read Updated: December 16, 2022 at 9:52 pm Cover art/illustration via CryptoSlate OneCoin founder Karl Sebastian Greenwood has been found guilty of multiple charges, according to a statement from the U.S. Department of Justice on Dec. 16. Greenwood pled guilty to …
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FTX bankruptcy case: Bahamas denies improper conduct, seeks respect for legal system
FTX liquidators request respect for Bahamian legal system in ongoing US bankruptcy case and deny improper conduct. 1 min read Updated: December 16, 2022 at 9:42 pm Cover art/illustration via CryptoSlate During the FTX hearing on Dec. 16, FTX liquidators requested for the “Bahamian legal system to be respected” in relation to the ongoing bankruptcy …
Solana-based DEX Raydium exploited for $2.2M, RAY token drops 10%
Solana-based decentralized exchange Raydium has been exploited for $2.2 million. The attacker overtook the owner’s authority on the platform, according to the firm’s initial understanding. An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known ⁰Initial understanding is owner authority was overtaken by attacker, but authority has been …
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Bahamas Corrections Commissioner Says FTX Co-Founder Bankman-Fried Is in ‘Good Spirits’ in the Prison Sick Bay
According to local reports, former FTX CEO Sam Bankman-Fried (SBF) is in “good spirits” and is being kept in the maximum security unit in the sick bay. SBF is held in custody at the Bahamas Department of Correctional Services (BDOCS), a jail called Fox Hill that is known for being filthy, and was accused of …
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
While billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month, statistics show that 14.77% of the reduction took place …
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s down 94.9% since the all-time …
Earn 175% APR Through ApeCoin (APE) Staking on LBank Exchange
press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking. APE Staking Is …
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Firms Now Playing the FTX Crypto Victim Card
In its brief history, the cryptocurrency industry has experienced numerous booms and busts, but nothing comparable to this. The US securities regulator has accused Sam […] Go to Source
CNBC’s Jim Cramer Says He’s ‘Negative’ on Dogecoin (DOGE), XRP and One Top-20 Altcoin – Here’s Why
CNBC host Jim Cramer is souring on three digital assets, saying they are among a number of altcoins about to be “wiped out.” In a new interview on CNBC’s Squawk Box, Cramer says overall the crypto markets are bearish while identifying three assets in particular that he says have no future. “I think you should …