Archive for December 2022
How Binance Dominates The Bitcoin And Crypto Market
Since the collapse of FTX, once the second-largest exchange by trading volume, the crypto landscape has fundamentally changed, and it should come as no surprise to many that Binance has emerged as the big winner from the situation. Vetle Lunde, senior analyst at Arcane Research has published a detailed analysis of this. “No matter how…
Read MoreFTX Sam Bankman Fried Will Enter Plea Over Fraud Case
Per a Reuters report, the founder and former CEO of FTX, Sam Bankman Fried (SBF), reached a deal with U.S. authorities. Following his extradition from the Bahamas, SBF was granted bail and allowed to go into the custody of his parents in Palo Alto, California. The FTX Founder is expected to plea over his involvement…
Read MoreBitcoin Charity Event To Kick Off Jan. 1-10 In Honor Of Hal Finney
Fran Finney, the widow of Hal Finney (who some people speculated could be Satoshi Nakamoto), recently surprised the Bitcoin community by announcing on Twitter that she will be hosting a charity half marathon in his honor. Hal Finney was the first person to run Bitcoin software after Satoshi Nakamoto disengaged and vanished from the cryptocurrency…
Read MoreWhy Is Bitcoin Miner Argo Blockchain Suspending Trading On NASDAQ?
Argo Blockchain, a Bitcoin mining and technology company, has been making desperate attempts to parry the effects of high energy costs and falling BTC prices – both kryptonites to its business. In fact, during the early days of December, the company admitted it is crossing its fingers to avoid filing for Chapter 11 Bankruptcy by…
Read MoreCardano Turns Bullish As Sharks Accumulate $83 Million ADA In 6 Weeks
Cardano sharks have awoken from their slumber in the last two months. These large ADA wallets began an accumulation trend in early November that has seen them scoop up hundreds of millions worth of tokens in the six-week period. The implications of these on the price of the digital asset could be impactful over time.…
Read MoreBinance Has No Debt And Assets Are Segregated, Report Says
Binance has been under intense scrutiny since it released its proof of reserves about a month ago. The crypto exchange had done so in a bid to assure users that all deposited funds were safe and that it was not going to collapse like FTX, but this had backfired spectacularly for the company. As the…
Read MoreNew Data Shows Over 80,000 Crypto Related Jobs Filled In 2022, Despite Mass Layoffs
The weakening crypto market and contagion among companies as a result of the implosion of the Terra ecosystem in mid-May and the unexpected collapse of FTX last month have had a significant impact on the industry’s headcount, which is perhaps its most important asset. In the previous two months, a large number of people lost…
Read MoreSEC Begs Court Not To Disclose Hinman Documents
While U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler is calling for a crackdown on the crypto industry based on existing laws and jurisprudence, he may find his nemesis in Ripple and the battle over the Hinman documents. As Bitcoinist reported yesterday, redactions of all documents related to the summary judgment were due to…
Read MoreSouth Korea City Drops Exchange Partners In A Surprising Turn Of Events
South Korea’s crypto-crazed city, Busan, announced its steering committee for building its flagship digital asset exchange. However, in a surprising turn of events, it has dropped third-party crypto exchanges that had earlier partnered with the city on the initiative. South Korea Weary Of Centralized Exchanges Busan, the blockchain city of South Korea, has dropped its…
Read MorePayments Giant Visa Looks To Ethereum For Automatic Payments System
Payments giant Visa has teased a possible integration with the Ethereum network to enable an automatic payments system. Visa has already been working with blockchain for a while. However, this time around, it is gearing up for a self-custody wallet. Visa Wants Automatic Transactions On Ethereum Visa, which is one of the largest payment processors,…
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