Category: Crypto News
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Former FTX US Chairman Seeks $6 Million Funding to Launch Crypto Startup
Former FTX US President Brett Harrison is seeking $6 million in funding to launch a startup that would build cryptocurrency trading software for large investors. Harrison’s funding round would be valued at $60 million. On September 27, Harrison announced his plans to step down as president of FTX US to move into an advisory role.…
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Cryptocurrency miners in Russia capitalize on the bear market by accumulating ASIC devices
Local news agency Kommersant reported that cryptocurrency miners in Russia are hoarding ASIC devices. Cryptocurrency miners in Russia appear to be unconcerned by the current crypto mining crisis. Since the local demand for mining hardware has increased in the fourth quarter of 2022. Some cryptocurrency mining hardware distributors in Russia have faced a significant spike…
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Bitcoin Alert: Elon Musk’s crypto meme started to make a profit, should we invest?
Dogecoin has come to be among the most benefited on Tuesday, surpassing the gains of Bitcoin and Ethereum. After difficult, plummeting weeks for Bitcoin (BTC) and major cryptocurrencies, there is still no clear light at the end of the tunnel. So much so that, these days, a particular phenomenon has occurred that leads analysts and…
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Bitcoin: Sales for December
Bitcoin: in history, December will be a month of sales In the last few hours, Bitcoin has stabilized around $17,000 after a recovery linked to the return of investors’ risk appetite, also favored by a change in expectations regarding the Federal Reserve’s interest rate policy. Investors have started buying risky assets again after Jerome Powell’s…
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Binance hires Mazars to verify its cryptocurrency reserves
Mazars, a global audit, accounting and consulting group, was hired by Binance. We tell you why! Crypto exchange Binance has appointed accounting giant Mazars to verify its cryptocurrency reserves. Since the collapse of FTX caused a greater demand for transparency from exchanges. Either way, while the FTX crash forced exchanges to be more transparent to…
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The founder of FTX speaks clearly: “I have had a very bad month”
Sam Bankman-Fried, founder of FTX, has spoken publicly and uncensored about everything that happened with his crypto company. On very few occasions, a founder in the middle of a serious crisis shows up before the media. He has been through the unthinkable. A founder of a startup at the center of the hurricane of the…
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BlockFi says it’s the antithesis of FTX!
BlockFi tells US bankruptcy court that it is “the antithesis of FTX.” We explain their allegations! Lawyers for BlockFi, another victim of the FTX collapse, made their appearance in US bankruptcy court. Emphasizing that the United States crypto lender was “the antithesis of FTX.” And that you would seek to return customer funds as quickly…
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Coinbase Wallet removes BCH, ETC, XLM and XRP
Starting next year, Coinbase Wallet will remove support for XRP, Bitcoin Cash, Ethereum Classic, and Stellar. Bitcoin Cash, Ethereum Classic, XRP and Stellar will not be available in the Coinbase Wallet starting next year. The company noted the low usage as the reason why it no longer supports those tokens. In other words, starting next…
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Lawrence Wong vows to improve the process, after FTX collapse!
Singapore Deputy Prime Minister Lawrence Wong Calls FTX’s Loss ‘Disappointing’, Is His Position in Jeopardy? The Deputy Prime Minister of the Republic of Singapore since 2019, Lawrence Wong, said on Wednesday that the state’s sovereign wealth fund, Temasek Holdings, has launched an internal review of its investment in FTX, now bankrupt. Temasek had invested some…
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Bitcoin will become “irrelevant”, says the European Central Bank
In the midst of the FTX scandal and its consequences on other companies, the European Central Bank took the opportunity to hit the crypto ecosystem; especially Bitcoin. He assures that he is on the way to irrelevance. That cryptocurrencies are not to the liking of the world’s main financial institutions is not news. The IMF…
