The Ex-Boss of FTX Sam Bankman-Fried just received $250 million bail last week and is under house arrest. On Friday, he met famed American author and financial journalist Michael Lewis, author of “The Big Short” and “Moneyball,” and spent several hours inside his residence. According to The New York Post,
Peter Schiff, an economist, and staunch gold bull, has a holiday greeting for bitcoin holders. Schiff established Schiffgold, a precious metals company that deals mostly in gold and silver bullion, and serves as its chairman. He has always been skeptical about bitcoin and has instead advocated for gold. Mark stated:
It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millions and Bitcoin reach all-time highs of around 60,000 USD. While at the same time being the year that saw multiple crypto companies crumble, including the infamous collapse of FTX, and causing Bitcoin
The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,
The top Solana NFT collection DeGods and y00ts announced their departure from Solana earlier today on Twitter. DeGods will switch to the more well-known Ethereum, while y00ts will be moved to Polygon, an Ethereum sidechain. y00ts will officially bridge to @0xPolygon in Q1 2023. pic.twitter.com/Mnz25dJko1 — y00ts (@y00tsNFT) December 25,
The Securities and Exchange Commission (SEC) of the United States is increasing its scrutiny of audit firms’ work with cryptocurrency companies. A senior US SEC official has urged investors to be “extremely careful” of relying on a crypto company’s “proof-of-reserves.” Paul Munter, SEC’s acting chief accountant stated: “We’re warning investors
Sam Bankman-Fried, the former CEO of FTX and the well-known crypto personality is set free by the Manhattan federal court. The US district court judge, Gabriel Gorenstein has granted the SBF bail for $250 million, along with further restrictions. SBF’s prior bail was rejected in the Bahamas, where he got
The global dapp store, DappRadar, has released its 2022 end-of-year report on the blockchain, dapp, and cryptocurrency industries. One of the worst crypto winters ever occurred in 2022, resulting in a sharp decline in the value of most major cryptocurrencies and a spate of catastrophes, including the collapse of the
Hong Kong initiated its steps toward legalizing retail cryptocurrency trading by introducing the two ETFs (Exchange Traded Funds) on the 16th of December. Both ETFs track the US-listed cryptocurrency futures, BTC and Ether. BTC and Ether are the first two futures ETFs that are been listed in the Asian exchange
The overall philosophical trust upon the crypto exchanges are devastating the entire crypto industry terribly. With the fall of FTX exchange, the entire notion people had upon the crypto exchanges took a bad turn. Ever since then, exchanges are ultimately towards the aim of restoring the lost trust, and faith
