Cryptocurrency Analysis and News Portal
Concluding the third week of Bankman-Fried’s trial, the former general counsel revealed that FTX had a $7 billion shortage in its customer funds. The third week of FTX founder Sam Bankman-Fried’s fraud trial concludes today with the testimony of Can Sun, former General Counsel at the company. Sun explains details
Read More
Two weeks earlier, FTX’s $500 million investment in Anthropic in 2022 was said to be a game-changer for creditors. Now its rival, OpenAI, responsible for ChatGPT, received a valuation of $86 billion. A valuation higher than Stripe The team at the artificial intelligence startup responsible for ChatGPT is in the midst of
Read More
As the crypto market suffered major losses due to the bear season, meme coins were not left out. These tokens which are
Read More
Depending on current BC Technology discussions with potential buyers, the company might conclude a sale of all or parts of its OSL exchange. BC Technology Group, the parent company and owner of Hong Kong crypto exchange OSL is looking to sell the exchange. According to a Bloomberg article referencing people familiar with the
Read More
It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture. The United States government is among the largest Bitcoin (BTC) holders in the industry, with over 200,000 of the
Read More
A new report from Glassnode, an on-chain analytical firm, has buttressed recent data indicating Bitcoin holders are adding to their holdings. These
Read More
During the trial of Sam Bankman-Fried, the founder of crypto exchange FTX, shocking revelations emerged from the testimony of former Alameda Research
Read More
South Korea’s digital asset market has seen remarkable growth in the first half of 2023, with its total market capitalization hitting $21.1 billion. The Financial Services Commission (FSC) of South Korea revealed that the country’s crypto market cap witnessed a 46% increase compared to the previous half-year term, local media outlets
Read More
On-chain data shows that mid to large Bitcoin holders have purchased almost $2 billion in the asset during the past six weeks. Bitcoin
Read More
A filing with the SEC shows that Exxon Mobil’s third-quarter earnings received a major boost from the high crude oil prices Oil and gas giant Exxon Mobil Corp (NYSE: XOM) is said to be in advanced talks to acquire shale-focused company Pioneer Natural Resources Co. According to a Wall Street Journal
Read More