Cryptocurrency Analysis and News Portal
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear market. Turns out, the public bitcoin miners owe more than $4 billion in liabilities and require an immediate
Read More
Dan Berkovitz, general counsel for the United States Securities and Exchange Commission, said he will be leaving the agency after more than a year.In a Dec. 22 announcement, the SEC said Berkovitz will depart on Jan. 31. A former commissioner with the Commodity Futures Trading Commission, Berkovitz joined the agency
Read More
"Silvergate conducted significant due diligence on FTX and its related entities including Alameda Research, both during the onboarding process and through ongoing monitoring," said Lane, noting the lender followed all relevant regulatory procedures when receiving wires directed to Alameda. As is required by both the bank's own systems and regulations,
Read More
2022 is nearing an end and might go down as one of the most eventful years for the crypto industry owing to the prolonged winter that had wiped more than 70% of the market cap from the top and the barrage of crypto firms imploding. This was mainly due to
Read More
Grayscale is owned by Digital Currency Group (DCG), which is also the parent company of crypto investment bank Genesis Global Trading and CryptoX. Thanks to the struggles of Genesis' crypto lending unit, Grayscale has come under some public pressure to provide transparency surrounding its bitcoin (BTC) holdings. Source
Read More
In its privacy policy, Uniswap Labs stated it uses user data to improve services and products offered by the company, stop fraudulent or illegal activity, solve potential security issues such as bugs and even provide the collected information collected as needed or requested by regulators, government entities and law enforcement
Read More
press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more ‘crypto-winter’. But amidst this uncertainty, crypto investors now risk missing out on opportunities while
Read More
With the cryptocurrency market becoming ever more complex and intimidating, California Attorney General Rob Bonta had decided to issue guidance for novice crypto buyers. The California Office of the Attorney General’s website now features a page that will help those new to crypto “avoid the hype, [and] get the facts.” “Don’t
Read More
Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told. Original Source
Read More
FTX, which now faces insolvency, is seeking nearly $10 billion in external funding a week after CryptoX first reported how funds were spread between the exchange and Alameda. The report led to a cascade of events – with crypto markets tanking, Alameda winding down trading, and FTX founder Sam Bankman-Fried
Read More