Investors’ faith in centralized cryptocurrency exchanges has been severely shaken by the demise of FTX. The safety of users’ funds has reemerged as a topic of discussion in the wake of the ensuing financial turbulence. And stories about the failing crypto exchange using user cash to support reckless wagers. Some
Inflationary pressures and forecasts of extended macroeconomic uncertainty have characterized the previous several months. Most central banks across the globe have announced interest rate increases in response to growing inflation data. In reality, consumers have paid a heavy price for governments’ hawkish posture. Recently, however, it seems like things are
Riot Blockchain, a major Bitcoin mining firm, reported a $36.6 million loss. The Colorado firm’s sales of $46.3M were down 28% from the $54.2M projection. Lower Bitcoin output from major curtailment efforts linked with the company’s power plan, as well as a fall in the market price of the crypto
Bitcoin (BTC) miner Iris Energy reports it has received a default notice from mining equipment maker Bitmain Technologies, according to a new filing with the United States Securities and Exchange Commission (SEC) on Monday. The notification said that some principal payments due on November 8 were not subject to “good
Volatility has returned to the crypto markets. Coinglass reports that in the last 24 hours, $3.15 billion worth of Bitcoin (BTC) has been sent to exchanges, that is 152,000 Bitcoins. Now, it’s typically not a positive indicator when cryptocurrency is transferred from wallets to exchanges. This opens the door for
Investors in Trade Coin Club were promised “minimum returns of 0.35% daily.” Tetreault has settled the SEC’s claims against him, the statement said. The U.S. Securities and Exchange Commission (SEC) announced charges against four individuals for their alleged roles in a “fraudulent crypto Ponzi scheme” that defrauded investors out of
Igbara informed his followers that he planned to purchase a substantial quantity of bitcoin. He made off with major cryptocurrencies to the tune of $2.5 million from the duped victims. After being charged with money laundering, wire fraud, and wire fraud conspiracy, Instagram star Jebara Igbara, aka “Jay Manzini,” entered
Bitcoin (BTC) traded at $20,338.84 with an increase of 8% in 14 days. Presently, BTC has a market cap of $395 billion. As a result of the market crash, several industries like Terra, Three Arrows Capital, and Celsius Network, have collapsed. Also, the most prominent cryptocurrency Bitcoin (BTC) value has
There has been an uptick in the notion of allowing cross-border crypto. The liberal New People group proposed mining measure, but it was shot down. Russia’s legislators are going to look at a new bill that would make cryptocurrency mining legal. This sector has been expanding rapidly over the last
Nasdaq-traded shares of the company dropped by 70% immediately after the news broke. The miner said Celsius’s refusal to pay was costing it almost $53,000 per day. Core Scientific, one of the largest Bitcoin miners in the world, has warned that it may have to file for bankruptcy due to
