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Amber Group ditches expansion plans after denying insolvency: Report

December 9, 2022 by

Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January.

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SBF ‘willing’ to testify at Senate hearing on the FTX collapse

December 9, 2022 by

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

December 9, 2022 by

Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates.

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What is stagflation, and how could it impact the cryptocurrency markets?

December 9, 2022 by

What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn?

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UK pushes crypto efforts forward through financial services reforms

December 9, 2022 by

The reforms include regulating stablecoins as a means of payment and creating a sandbox where firms and regulators can test new financial technologies.

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NFTs could help solve diamond certification fraud

December 9, 2022 by

Non-fungible tokens are being used to serve as digital GIA diamond certificates to ensure immutability, transparency and proof-of-ownership.

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NFTs, Nonprofits and Longevity Intersect at Art Basel Miami

December 9, 2022 by

NFT artist Nikita Replyanski on the future of NFTs, his work with the Longevity Science Foundation, and art as community building.

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Remote work triggers move to DAOs in the post-pandemic world: Survey

December 9, 2022 by

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.

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Coinbase takes a shot at Tether, encourages users to switch to USDC

December 9, 2022 by

Coinbase’s request comes just a couple of months after Binance ceased support for USDC.

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FTX reportedly gets 3 more months to stop all operations in Japan

December 9, 2022 by

Japanese authorities have postponed FTX Japan’s suspension deadline because the firm has so far failed to return assets from custody to creditors.

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Turkey has an obsession with crypto — specifically Dogecoin: Study

December 9, 2022 by

A new study reveals Turkey in second place for crypto-related searches worldwide and first place for Dogecoin-related searches.

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Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows

December 9, 2022 by

Bitcoin retains $17,200 after an overnight squeeze takes BTC price action to within reach of one-month highs.

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Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson

December 9, 2022 by

Kevin O’Leary fessed up to making a massive mistake with FTX, and is working to find out where his money went amid the bankruptcy.

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7 class action lawsuits have been filed against SBF so far, records show

December 9, 2022 by

Sam Bankman-Fried has been the subject of many lawsuits and investigations since the collapse of FTX, with more likely to follow.

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Approach with caution: US banking regulator’s crypto warning

December 9, 2022 by

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.

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Sam Bankman-Fried misses deadline to respond to testimony request, now what?

December 9, 2022 by

The Senate banking committee set a deadline for Sam Bankman-Fried to respond to the request on Dec. 8 at 5pm ET.

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What’s in and what’s out for Ethereum’s Shanghai upgrade

December 9, 2022 by

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.

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GameStop to drop crypto efforts as Q3 losses near $95M

December 9, 2022 by

The gaming company has stopped its cryptocurrency-related focuses but is seemingly still pushing ahead with its NFT and blockchain plans.

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FEC probe demanded after SBF ‘admitted’ to making dark money donations

December 9, 2022 by

Sam Bankman-Fried previously told crypto vlogger Tiffany Fong in an interview that all his republican donations “were dark.”

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What Paul Krugman gets wrong about crypto

December 8, 2022 by

Cryptocurrency has evolved over the last decade, but Krugman is still hung up on Bitcoin’s 2008 white paper.

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SEC calls on firms to disclose exposure to crypto bankruptcies and risks

December 8, 2022 by

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.

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US lawmakers introduce bill aimed at reporting on crypto miners’ potential environmental impact

December 8, 2022 by

The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts.

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DMI finds CBDCs not targeting cross-border payments, huge potential in Metaverse

December 8, 2022 by

The Digital Money Institute’s third annual payments report looks at CBDCs for the first time, as well as other payment methods, through the lens of cross-border payment utility.

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Ren protocol warns users to unwrap tokens or risk losses as upgrade looms

December 8, 2022 by

The team stated on Twitter that deposits would be disabled “shortly” and withdrawals within 30 days.

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Countries and institutions move into crypto despite market drop: Report

December 8, 2022 by

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.

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Paradigm releases ‘Ethereum for Rust’ to help ensure network stability

December 8, 2022 by

A previous version of Ethereum for Rust had been released by Erigon in June, but the Erigon team stopped supporting it due to a lack of resources.

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Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral

December 8, 2022 by

Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.

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BlockFi employees were discouraged from describing risks in internal communications: Report

December 8, 2022 by

According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.

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Ethereum developers target March 2023 for Shanghai hard fork

December 8, 2022 by

Users will be able to withdrew their staked Ether and applicable rewards after the upgrade goes live.

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US lawmakers question federal regulators on banks’ ties to crypto firms

December 8, 2022 by

“FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.

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