The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear, uncertainty, and doubt) since the downfall of FTX. The firm is now fighting back with its latest blog post. On Dec. 22, Binance published a blog post in Chinese to address seven key issues the company wanted to clear up.
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX’s exchange token FTT is considered
Despite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the community appears to remain bullish about crypto, according to a new survey. Crypto markets saw a massive sell-off in 2022, with the total market cap plummeting nearly 70% since Bitcoin (BTC) reached its all-time highs at $69,000 in
Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead of his trail, Reuters reported Dec. 21. Prosecutor Nicholas Roos has reportedly proposed granting Bankman-Fried, often referred to as SBF, bail on the
Magazine: Animoca was a successful mobile gaming company, with 10 million downloads and various apps in the top 10 on Apple’s App Store. Then you were suddenly thrown off the store in 2012. How did that change your views on Big Tech? Yat Siu, Animoca co-founder: The fact that platforms could become as powerful as
It has been a tumultuous year for the crypto investors who have witnessed the total crypto market capitalization tumble from about $2.2 trillion at the beginning of 2022 to about $850 billion in December. The sharp erosion in valuation was caused due to several high-profile bankruptcies in 2022. The entire Terra ecosystem imploded with the
Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks new and unseen “death cross Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to intraday lows of $16,650 on Bitstamp. The pair remained a conspicuous stocks copycat
Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200. Bitcoin Bitcoin (BTC) continued to consolidate ahead of
Bitcoin (BTC) price action may be “unsustainably high,” as one metric hits its highest levels in seven months. Data from on-chain analytics firm Glassnode confirms that on Dec. 21, Bitcoin’s network value to transaction (NVT) signal reached levels not seen since April. Bitcoin activity may not support $17,000 BTC price Created by statistician Willy Woo,
Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse hastried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fine for mismanagement at Wells Fargo bank was treated as, in Garlinghouse’s words, “barely a blip on the radar.” Ripple CEO expressed his concern
U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which aims to “protect self-custody from misguided attempts to restrict it.” U.S. Lawmaker Pushes for Self-Custody Congressman Warren Davidson (R-Ohio) has touted crypto self-custody following the
Cointelegraph Markets Pro, a data platform designed to level the playing field for cryptocurrency market participants, has been available to the public for nearly two years now. The platform, which took a year to develop, is the result of an exhaustive analysis of crypto markets and the key drivers of asset price movements. It was
NBA Top Shot is a nonfungible token (NFT) marketplace that enables basketball fans to buy, sell and trade NBA-themed digital collectibles. These collectibles are “Moments” — NFTs of NBA video clips and digital art — available per their degree of rarity. In other words, users can trade NFTs that feature anything from a winning three-pointe from
MoneyGram International announced the launch of MoneyGram Online (“MGO”) in Brazil yesterday. The XRP community immediately reacted positively to the announcement, as the new service by MoneyGram is made possible through a partnership with Frente Corretora, one of Ripple’s partners in Brazil. However, Ripple is not mentioned by name in the announcement. The relationship status
According to a Dec. 21 letter to shareholders from CEO Aroosh Thillainathan, German Bitcoin (BTC) mining company Northern Data expects to generate upward of $202 million to $206 million in revenue from crypto-mining operations this year. At the midpoint range, this represents a growth of 1.11% from Northern Data’s total sales of $202 million for the
Social media platform Twitter has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab. The new feature is an improvement of “$Cashtags” and was announced by the Twitter Business account on Dec. 21. The account