Despite missing a response deadline, Sam Bankman-Fried says he’s willing to testify at a U.S. Senate hearing into the collapse of FTX.
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Bitcoin mining project in Kenya helps power rural community
Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates.
What is stagflation, and how could it impact the cryptocurrency markets?
What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn?
UK pushes crypto efforts forward through financial services reforms
The reforms include regulating stablecoins as a means of payment and creating a sandbox where firms and regulators can test new financial technologies.
NFTs could help solve diamond certification fraud
Non-fungible tokens are being used to serve as digital GIA diamond certificates to ensure immutability, transparency and proof-of-ownership.
Remote work triggers move to DAOs in the post-pandemic world: Survey
A survey from a sample of the general U.S. public suggests that millennials are more likely to join a DAO than any other age group.
Coinbase takes a shot at Tether, encourages users to switch to USDC
Coinbase’s request comes just a couple of months after Binance ceased support for USDC.
FTX reportedly gets 3 more months to stop all operations in Japan
Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.
Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.
Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows
Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin attempts new monthly high
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp.
The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5.
For those already betting on upward continuation, the move came as little surprise, with the coast still clear to add to the gains.
“The move to 18-19k $BTC continues,” popular trader Credible Crypto summarized.
7 class action lawsuits have been filed against SBF so far, records show
Sam Bankman-Fried has been the subject of many lawsuits and investigations since the collapse of FTX, with more likely to follow.
Approach with caution: US banking regulator’s crypto warning
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.
Sam Bankman-Fried misses deadline to respond to testimony request, now what?
The Senate banking committee set a deadline for Sam Bankman-Fried to respond to the request on Dec. 8 at 5pm ET.
What's in and what's out for Ethereum's Shanghai upgrade
A tentative timeline of March 2023 has been set for the Shanghai upgrade which will enable staking withdrawals, a list of EIPs have also been packaged in but EIP-4844 didn't make the cut.
FEC probe demanded after SBF 'admitted' to making dark money donations
Sam Bankman-Fried previously told crypto vlogger Tiffany Fong in an interview that all his republican donations "were dark."
SEC calls on firms to disclose exposure to crypto bankruptcies and risks
The Securities and Exchange Commission corporate finance division reminded companies of what they are required to disclose and provided guidance to what else they want to know.
US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact
The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts.
Ren protocol warns users to unwrap tokens or risk losses as upgrade looms
The developers of bridging platform Ren protocol have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,” or risk losing them, according to a Twitter thread from the team.
The team stated that mints on Ren will be disabled “shortly,” meaning that it will be impossible to deposit any assets onto the platform to bridge to other networks. In 30 days, “burns” or withdrawals will also be disabled.
The company behind the project, RenVM, had previously stated on Nov. 18 that they would be releasing a new version of the protocol, Ren 2.0, “in parallel” with the shutdown of the current one. This implied that the current bridged assets might still be usable after the shutdown of Ren 1.0.
However, this new announcement makes clear that current assets may not be usable in the newer version of the platform, so users may get these assets stuck in the platform if they don’t withdraw them soon.
Ren protocol users have relied on it to bridge assets since 2017. But in February, 2021, RenVM was acquired by Alameda Research. This led to a funding shortfall after Alameda filed for bankruptcy in November.
Countries and institutions move into crypto despite market drop: Report
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.
Countries and institutions move into crypto despite market drop: Report
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.