Avraham Eisenberg was arrested in Puerto Rico on Dec. 26 on commodities fraud and manipulation charges relating to the $110 million exploit of the decentralized Mango Markets exchange. Eisenberg had self-identified as the actor behind what he called a “highly profitable trading strategy” and insisted that he had taken “legal open market actions, using the
The developers of Dogecoin (DOGE) have denied rumors that the network is immediately switching to proof-of-stake (PoS), saying that they are merely planning to release a proposal on the topic. The repudiation came on Dec. 29, from the Twitter account of Michi Lumin, Principal Engineer for the Dogecoin Foundation. More info for ya. Influencers, even
Former FTX CEO Sam Bankman-Fried (SBF) may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received for entering a guilty plea instead of going to trial. Set to appear in court in the first days of January to enter a
Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place on
The Reserve Bank of India (RBI) has appealed to the country’s presidency of the G20 group of the world’s largest economies as a pulpit to call for the development of a global regulatory framework for crypto assets. In its latest financial stability report, released Dec. 29, the bank again expressed its concerns about the burgeoning
Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022 indicate that two mining pools command more than
According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million
A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such assets. National Marketplace to Support Trading of Digital Collectibles
Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step. $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below the $16,500 for a second day. The pair remained unappealing to traders, many
When someone wants to buy Bitcoin (BTC), they usually take the route of a cryptocurrency exchange. Newbies may buy BTC on just any exchange they come across, while those with some sort of experience may opt for a reputable one. The exercise though bears little fruit as most exchanges function almost identically as centralized entities,
Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX. All Bitcoin (BTC) transactions are available publicly on-chain, which enables tracking such transactions
The largely disputed Robinhood shares might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner. Digital asset lender BlockFi recently sued former FTX CEO Sam Bankman-Fried to claim the shares that were supposedly pledged as collateral for the more than $600 million that BlockFi loaned to Alameda
The U.S dollar-Argentine peso exchange rate escalated during December, with the Argentine fiat currency reaching new historic lows as citizens ran to exchange their holiday payments for dollars. The U.S. dollar reached a value of 356 pesos on December 28, losing almost 10% during just one week, and threatening to spur a more significant inflationary
The Central African Republic’s plan to list the sango coin in the last quarter of 2022 has been put on hold, while the scheduled unlocking of 5% of token holders’ portfolios has similarly been postponed, a statement from the team promoting the token has reportedly said. The decision to delay the listing of the coin
A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24. Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation. Fusitu’a stated that he
30 cryptocurrency wallets linked to Alameda Research, the bankrupt sister company of crypto exchange FTX, became active on Dec. 28 following four weeks of inactivity. These wallets swapped and mixed over $1.7 million worth of crypto assets through various crypto-mixing services. Crypto mixers are often used by market exploiters and criminals to obscure the transaction
In a new article for Forbes, legal expert Roslyn Layton is criticizing the U.S. Securities and Exchange Commission (SEC) for its questionable enforcement policy against the crypto industry and Ripple in particular. Meanwhile, frustration with the SEC and lawmakers is growing in the U.S. crypto industry. Despite the fact that various industry leaders have called
Bitcoin (BTC) is due to copy gold’s explosive 1970s breakout as it becomes the world’s “hardest asset” in 2024. That was one forecast from the latest edition of the Capriole Newsletter, a financial circular from research and trading firm Capriole Investments. Bitcoin due big moves “and more” in 2020s Despite BTC price action flagging at
Software analytics company MicroStrategy recently added more Bitcoin (BTC) to the firm’s holdings. Members of the crypto community had mixed reactions to the move. In a recent tweet, MicroStrategy’s executive chairman Michael Saylor announced that the firm had made another Bitcoin purchase. The move puts the firm’s total BTC holdings at 132,500 BTC, purchased for
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints Gold-Backed Coins Sber, Russia’s largest bank,