Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high

Bitcoin (BTC) set new one-month highs on the Dec. 14 Wall Street open on a day full of key events for the United States Federal Reserve. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin bullish with stocks into FOMC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,126 on Bitstamp, beating the $18,106 …

Comic-Con guru says storytelling is the key component for successful NFT projects

NFT Steez, a new weekly Cointelegraph podcast exploring nonfungible tokens and Web3 projects, spoke to Comic-Con legend Gareb Shamus about how he has used storytelling to build engagement and a “maker world” that grows and strengthens communities. What started off as a newsletter about comics — Shamus’ passion project — ultimately became known to the world as …

CFTC: Alameda Used FTX Customer Funds To Stave Off Insolvency In May/June 2022

Summary: Alameda Research also had unlimited access to customer accounts among other special privileges at the FTX crypto exchange. The CFTC’s complaint against Sam Bankman-Fried cited insider information, chat logs, and internal conversations as evidence for its lawsuit. Charges were also filed by the U.S. Department of Justice and the SEC.  The U.S. Commodity Futures …

SEC charges eight in $100M social media securities fraud

The U.S. Securities and Exchange Commission (SEC) has charged eight individuals with a $100 million securities fraud scheme involving major social media platforms, Twitter and Discord. Seven of the defendants reportedly promoted themselves as successful traders on the social media platforms and encouraged their followers to buy selected stocks by posting targets and updates on …

SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023

Over 80% of SushiSwap’s $5.2 million budget was allocated to salaries, with its top contributors earning up to $500,000 annually. 1 min read Updated: December 14, 2022 at 5:01 pm Cover art/illustration via CryptoSlate SushiSwap Head Chef Jared Grey has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with …

Binance Proof of Reserves fall by $3.5B in 24 hours

Over the last 24 hours, the Binance USD (BUSD) and Bitcoin (BTC) Proof of Reserves (PoR) have fallen by $3.45 billion, and $472.86 million respectively — according to Glassnode data analyzed by CryptoSlate. Source: (Glassnode) Within that same period. Binance PoR also witnessed approximately $1.86 billion in inflows of both USD Coin (USDC), and Tether …

SwissBorg collects over 3,800 investors in 24 hours

A total of 3.64 million CHF sold, with 21.46 million remaining. 1 min read Updated: December 14, 2022 at 2:57 pm Cover art/illustration via CryptoSlate SwissBorg (CHSB)’s Series A funding round started on Dec. 13, and 3,839 investors have already participated in the funding. Community-centric funding round SwissBorg reserved 28 74 million Swiss Franc Tokens …

CZ discusses FUD, rumors, and more in latest Twitter Space

Changpeng Zhao (CZ) addressed a number of concerns in the latest Twitter space surrounding the potential impact of regulatory compliance policies on the adoption and development of the web3 economy, particularly in Africa. Adoption and regulatory clarity CZ suggested that regulatory clarity can make adoption easier and highlighted the potential for faster adoption of technology …

Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting

Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana (SOL) was a notable gainer on Wednesday, as …

SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’

On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended …

Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision

Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today, and stayed close to a five-week high. Bitcoin …

Russia Cracking Down on Crypto Miners Minting in Residential Areas

Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution …

Dvision Network Announces Dvision World 2․0 Release In Beta Mode

press release PRESS RELEASE. As part of their ongoing development, Dvision Network has announced the launch of their upgraded Dvision World 2.0 in Beta mode. The launch will officially commence on 14th December, 2022. Not too long ago, via a collaborative partnership with market leaders Binance NFT and GameFi.org, Dvision Network had unveiled the highly …

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