Bitcoin may have reached new heights during the epidemic, but in 2022 it crashed to the ground. The explosions of Terra-Luna, Celsius, and FTX caused millions of individuals to lose billions. Some cryptocurrency proponents saw an opportunity for the really unique ideas buried under the debris to rise once the industry’s dead weight was released. … Read more
USA Cryptocurrency News – Galois Capital, a cryptocurrency hedge fund, will liquidate its $200 million flagship fund even though 50% of its assets are still on the defunct FTX market. When the Financial Times reported that the fund was shut, the company acknowledged the closure on Twitter on Monday. The fund, which acknowledged that it … Read more
Crypto Exchanges – This month, the Canadian Securities Administrators (CSA) will tighten requirements for cryptocurrency exchanges operating in Canada. This follows the collapse of FTX, among other failings in the crypto industry. The CSA announced midway through last year that it required certain compliance “commitments” from unregistered crypto trading. Cryptocurrency exchanges in Canada will soon … Read more
The revelation that two Stanford luminaries were involved in Bankman-Fried’s bail deal is the latest twist in a case that has captivated Silicon Valley. The federal government has accused Bankman-Fried, a prominent venture capitalist, of defrauding investors in two startups he founded. Two Stanford luminaries are involved in Sam Bankman-Fried’s bail deal, which has captivated … Read more
Crypto exchange Binance Binance’s US partner has confirmed that a trading firm managed by Binance CEO Changpeng Zhao operated as a market maker on its platform. Crypto exchange Binance Reuters reported on Thursday that Binance had secret access to a bank account belonging to its purportedly independent US partner and transferred large sums of money … Read more
“I don’t know, it just looks so sad,” Hilton said of the ape, which she said she related to because “I’ve been through a lot in the press.” The audience laughed again. Hilton, who has been in the public eye since she was a teenager, is no stranger to negative press. “I think that’s why … Read more
Bankman-Fried’s attorneys say they will work with the government to ensure that their client’s communications are preserved. Sam Bankman A federal judge extended restrictions on Sam Bankman-Fried’s ability to contact former employees of FTX, citing concerns that he could delete text messages and obstruct the government’s investigation. Judge Lewis Kaplan said in a bail hearing … Read more
Prices for Bitcoin and other digital tokens have plummeted, regulators around the world have taken a harder line against the industry, and some of the biggest names in crypto have seen their fortunes evaporate. As a result, many of the firms that spent millions on Super Bowl ads last year have dialed back their spending … Read more
The Bank of England and the Treasury are now working on a proposal for how the digital pound would work, which they plan to publish later this year. The United Kingdom is pushing ahead with plans to create a digital pound that would offer a stable alternative to bitcoin or ether. The central bank and … Read more
Federal prosecutors allege FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares last year indicates steps the former crypto entrepreneur has taken to “obscure” his alleged crimes. Prosecutors have since seized the stock and other assets totaling more than $700 million after Bankman-Fried laid claim to the shares saying he … Read more
