Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US’ management structure. Harrison shared his experiences with Bankman-Fried and FTX US on Dec. 14, explaining how he was hired “casually over text” in Mar. 2021 after working together at New York-based …
Monthly archives: January 2023
Hungarians Interested in Investment Potential of Cryptocurrencies, Poll Shows
A survey has indicated that Hungarians would like to learn more about the long-term investment opportunities presented by cryptocurrencies. However, associated risks and insufficient information in their native language are major concerns, according to the polled. Hungarians Want to Know How Crypto Profits Are Taxed and What Rules Apply to Such Investments With increased global …
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US Lawmakers Create ‘Congress’ First Ever’ Digital Assets Subcommittee
U.S. Congress’ “first ever” subcommittee on digital assets has been created as part of the House Financial Services Committee. “We want to create a regulatory legal framework for digital assets … that makes America a leader from an innovation point of view but also protects consumers and investors,” explained Congressman French Hill, who will lead …
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SEC Chairman Warns Most Crypto Will Fail — Says ‘Don’t Get Caught up in FOMO, Fear of Missing Out’
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that most crypto tokens will fail. He has urged investors not to “get caught up in the FOMO, the fear of missing out,” emphasizing that crypto is a highly speculative, non-compliant asset class. Gary Gensler Expects Most Crypto to Fail SEC …
Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows
Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why this is happening? Or …
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Solana Gains 40% As Crypto Market Continues Its Recovery
Following the heavy market crash late last year, the crypto landscape has been on a steady path to recovery, with the altcoins leading the way. Solana(SOL) is one of these many altcoins, and it has kicked off the weekend with an explosive start. According to data by CoinGecko, SOL has gained 40% in the last …
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This Crypto Influencer Predicts Bitcoin Price At $25,000-$30,000 Soon
The start of 2023 is bringing a different phase in the crypto market. Over the past few days, most crypto assets have regained value. The bullish trend has spiked a new sentiment in the market as several positive predictions have emerged. Ben Armstrong, a popular YouTuber known as BitBoy, predicted a bullish trend for Bitcoin …
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Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days
With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to CoinGecko, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly. This was caused by market optimism …
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Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed
Ethereum layer-2 scaling solution Polygon will undergo a hard fork on Jan. 17 in order to address gas spikes and chain reorganizations issues that has affected user experience on the Polygon proof-of-stake (POS) chain. Polygon officially confirmed the hard fork event in Jan. 12 a blog post, which came after weeks of preliminary discussion on …
One of the largest US colleges has begun teaching students about Bitcoin
Classroom adoption of Bitcoin and cryptocurrency courses continue to skyrocket, with Texas A&M now being the latest U.S. College to offer a Bitcoin course to some of its 74,000+ students. The news was announced on Jan. 13 by Associate Professor Korok Ray of Mays Business School at Texas A&M, who will be teaching the “Bitcoin …
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Grayscale Replies to SEC, Argues That Bitcoin (BTC) Spot ETF Denial Is Illogical
Crypto hedge fund Grayscale is telling the U.S. Securities and Exchange Commission (SEC) that its denial of Bitcoin (BTC) exchange-traded funds (ETFs) is “illogical.” Replying to a brief filed by the SEC last month, Grayscale says that converting the Grayscale Bitcoin Trust (GBTC) into a spot BTC ETF would greatly benefit traders by unlocking value …
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Solana Foundation warns about security incident with Mailchimp
Solana Foundation, the non-profit organization of the Solana Network, disclosed on Jan. 14 a security incident involving its email service provider Mailchimp. According to an email sent to users and seen by Cointelegraph, the Foundation was informed by Mailchimp on Jan. 12 that “an unauthorized actor accessed and exported certain user data from the Solana …
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Stablecoin collapse could impact U.S. bond market, economist warns
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The Importance of non-custodial solutions & the Nexo Wallet roadmap – SlateCast #47
The head of product for the Nexo wallet, Elitsa Taskova, recently sat down with Akiba, the host of the SlateCast podcast to discuss the company’s new non-custodial wallet. The timing of the release is particularly interesting, given the recent issues with exchanges and the increasing focus on non-custodial solutions. Nexo itself has been in the …
Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations
The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.” Polygon Team Outlines Network Upgrades to Improve User Experience On Jan. …