Although Sam Bankman-Fried was virtually absent from the congressional hearing due to his recent arrest in the Bahamas, US lawmakers did not remain silent, criticizing the former FTX CEO and the company’s business practices. As the sole witness before a Financial Services Committee hearing on Dec. 13, FTX CEO John Ray shed light on much […]
Despite the ongoing downturn in the crypto market stoking concerns for many industry watchers, a growing body of developments suggests a new bull market could be on the horizon, according to a recent analysis by crypto trading firm Cumberland Crypto Assets. Given the nature of crypto and the tectonic shifts beneath it, we do not
Crypto Trading Firm Cumberland Says Bull Market is Close – Have We Bottomed Already? Read More »
The cryptocurrency sector continues to suffer the protracted aftermath of the collapse of FTX, once one of the largest cryptocurrency exchanges in the world, and meme token Shiba Inu (SHIB) is no exception despite recent positive developments, Shiba Inu was trading at $0.000008861 at press time and is down 4.39 over the past 24 hours,
Shiba Inu (SHIB) falls despite increasing burn rate and large transactions Read More »
Sam Bankman-Fried still considers himself a good businessman despite his mismanagement that devastated the entire crypto ecosystem. In an interview with the BBC from a luxury apartment somewhere in the Bahamas, Bankman-Fried outlined what appears to be her main legal defense: blanket denial. “I have not intentionally committed fraud, and I do not think I
Sam Bankman-Fried Still Thinks He’s a Good Businessman Read More »
It can be challenging for experienced CFOs in traditional industries to leap Web3. According to a report published Monday by Request Finance, the clear majority lack internal support when it comes to the necessary crypto training at Web3 and has more than three years of experience in a finance or accounting role. But 63% of
Incoming Web3 CFOs Say They’re Overwhelmed by Steep Learning Curve Read More »
Ethereum Classic is seeing a sharp drop in market cap, indicating increased selling pressure. ETC investor sentiment is turning and favoring the coin at the time of writing. Ethereum Classic [ETC] retested its short-term descending resistance line last week. The price delivered a sideways performance rather than a bearish pullback or a bullish breakout. Fast
Ethereum Classic: This metric could be a game changer for ETC and its investors Read More »
Million, which raised $20 million, aims to decentralize data transfers and storage through novel mathematical applications without using blockchain. Distributed Global led the funding round with additional participation from Big Brain Holdings, Chapter One, Hash key, and over 150 others. Million, a startup building a blockchain-free decentralization platform, has raised $20 million in seed capital.
Blockchain-free decentralization platform Nillion raises $20 million Read More »
Bitcoin [BTC] whales’ holding and spending behaviors are set on opposite sides, CryptoQuant data revealed. According to the all-encompassing crypto trading data provider, the whales have been actively selling. Interestingly, the action dates to June 2022 and resulted in the dumping of 367,000 BTC. The structure of this position often has a typical effect on
Bitcoin whales show accumulation restraint: What does it mean for BTC? Read More »
While Ripple CTO David Schwartz says he’s still more interested in payments, he’s also interested in carbon credits and gaming NFTs. “There are people who pay people to do stupid things… You have to be smart,” Schwartz said, commenting on the dispersal of funds from Ripple’s $250 million creator fund. While Ripple CTO David Schwartz
Ripple sees promise in carbon credit and gaming NFTs despite the market downturn Read More »
In the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, both parties jointly requested a deadline for sealing information in the case. U.S. District Judge Analisa Torres is being asked to give non-partisans until January 4, 2023, to file seal arguments before the summary judgment verdict, according to a request from
