Sam Bankman-Fried, the former CEO of the FTX cryptocurrency exchange and founder of Alameda Research, has been arrested and taken into custody by authorities in the Bahamas. According to a letter from the Office of the Attorney General on Dec. 12, Bankman-Fried was arrested by the Royal Bahamas Police Force following formal notification from the …
Continue reading “Breaking: FTX founder Sam Bankman-Fried arrested, set to be extradited to US”
Around 13% of the American population — or 43 million people — have held cryptocurrency at some point in their lives, new research from JPMorgan Chase has revealed. According to a Dec. 13 report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” this number has risen dramatically since before 2020, when the figure …
Continue reading “13% of Americans have now held crypto: JPMorgan research”
As of 2022, more than 30 million Brazillian citizens have no bank accounts, and no credit or debit cards. What’s wrong here? For roughly a decade, Brazil has been passing legislation aimed at changing the situation. However, the results have fallen short of expectations. To better understand the reason, let’s take a step back to …
Continue reading “Brazil could cement its status as an economic leader thanks to 2024 CBDC move”
Following the collapse of FTX and its Nov. 11 bankruptcy filing, $73 million worth of its political donations is currently at risk of being recalled to repay the failed exchange’s creditors, according to a report by Bloomberg. Speculators online allege that the former FTX CEO and his executives sought to influence industry regulations with their generous …
Crypto mining firm Argo Blockchain has requested the resumption of trading for its ARB shares on the London Stock Exchange (LSE) after the UK Financial Conduct Authority suspended it. Reports emerged on Dec. 10 that Argo Blockchain was looking to file for bankruptcy as it is facing a severe liquidity crunch. As a result, its …
Continue reading “Argo blockchain requests trading be restored on LSE, looks to raise funds”
US Senator Cynthia Lummis is still a devoted Bitcoin supporter, as she wants to add Bitcoin to retirement funds amid the struggling crypto market. “I’m very comfortable with making sure that people can include Bitcoin in their retirement funds because it’s just different than other cryptocurrencies,” Lummins recently shared with Semafor. However, it’s not the …
The biggest news in the cryptoverse for Dec. 12 includes Binance saying “Reuters has it wrong again,” obscure token takes up 15% of ETH gas fees, USDD loses peg, and more CryptoSlate Top Stories XEN crypto, an ERC-20 token launched in October, accounts for about 15% of all Ethereum gas fees. A recent chart shared …
Crypto holding company Bitcoin Group has moved to buy one of the world’s oldest banks Bankhaus von der Heydt, for roughly $15 million. Bankhaus von der Heydt was founded in 1754 as a privately-owned bank offering traditional and digital assets banking. It became the first bank in German to offer cryptocurrency trading and custody services …
Continue reading “Bitcoin Group set to acquire German’s oldest Bank for over $15M”
FTX co-founder Sam-Bankman Fried gave ambiguous answers to questions about the mixing of user funds, investing in The Block, and more during a recent Twitter space hosted by Autism Capital. In response to a question regarding the mismanagement of user funds, Sam replied that from Nov 6th to Nov 10th, he looked into everything that …
An analysis of market cap and realized cap Bitcoin dominance (BTC.D) data performed by CryptoSlate suggests that users are increasingly using stablecoins, instead of BTC, as a safety flight. Most are familiar with market cap, which is calculated by multiplying the circulating supply by the current token price. Realized cap is also a valuation metric …
A new report has claimed that Do Kwon, the fugitive CEO of Terraform Labs, is currently staying in Serbia. The report added that the South Korean government has engaged the Serbian government regarding the matter. Meanwhile, Kwon has accused Sam Bankman-Fried and Alameda Research of orchestrating events that led to the “depeg” of Terra’s once-stable …
press release PRESS RELEASE. Bucharest, Romania,12/12/22, Chainwire: After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of the …
After more attention has been cast on the former Alameda Research CEO Caroline Ellison, a report details that Ellison has hired Wilmerhale partner Stephanie Avakian, an attorney that worked for the U.S. Securities and Exchange Commission (SEC). The news follows leaked documentation of Ellison’s alleged margin position, and the ex-Alameda executive reportedly being spotted at …
On December 12, 2022, the total value locked (TVL) in decentralized finance (defi) has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate. Smart Contract Token …
press release PRESS RELEASE. Cryptowisser, a leading Crypto service comparison website, announces the launch of its annual Crypto exchange graveyard for 2022. This list is the only comprehensive database of “dead” cryptocurrency exchanges currently available. In 2022, 51 exchanges were reported dead, with the vast majority seemingly dying out due to business reasons and there …
