The anti-crypto congressman claims that it would be wrong to view the disgraced FTX founder as just “one big snake” in crypto
FTX’s inner circle allegedly had a chat group called ‘Wirefraud’
FTX and Alameda Research top executives purportedly exchanged secret information in a Signal encrypted chat group called “Wirefraud.” According to a Dec. 12 report by the Australian Financial Review, FTX co-founder and CEO Sam Bankman-Fried, co-founder Zixiao “Gary” Wang, FTX…
Cardano leads the race again – Will ADA hit $5
Cardano emerged as the blockchain network with the most GitHub development activity in the last week. The Cardano ecosystem is fired up with anticipation for projects that are lined up to launch. Leading proof-of-stake blockchain Cardano has again emerged as the network with the most development activity even as community members excitedly anticipated the launch […]
Canada bars exchanges from margin, leverage trading; says stablecoins might be securities
Canada’s Securities Administrators (CSA) on Dec. 12 barred crypto exchanges operating in the country from offering margin or leverage trading services to any Canadian client. The regulator added that these crypto exchanges must hold their Canadian clients’ assets with an appropriate custodian and segregate them from the platform’s proprietary business. CSA noted that stablecoins might […]
Will VeChain succumbs to crypto winter despite increased testnet activity
VeChain registered an increase in activity on its testnet Development activity was up, but market indicators were bearish VeChain [VET] revealed an interesting development that reflected the increased adoption and popularity of the network. As per VeChain Community Hun’s tweet on 12 December, the network witnessed a spike of unusual activity on its Testnet, as […]
XRP Poised For A Price Run; Here’s Why
XRP whales are on an accumulation spree at a discount which might play a postive role in the asset’s price movement. On-chain analystics platform Santiment noted that the token finished at the top in late September and early October, momentarily decoupling from the rest of the altcoins. But the overall price downturn in the crypto […]
Sam Bankman-Fried Indicted And Charged With Fraud
U.S. courts have filed eight separate charges against SBF according to an unsealed indictment. Sam Bankman-Fried, the disgraced former CEO of collapsed cryptocurrency exchange FTX, has been formally indicted on charges of fraud, money laundering and others. The unsealed document reveals eight charges from the United States Southern District Court of New York, including: Conspiracy […]
SBF tried to buy off Washington, says Congressman Patrick McHenry
Sam Bankman-Fried (SBF) was recently arrested by authorities in The Bahamas and has been charged by the US SEC. Patrick McHenry revealed that the former FTX chairman tried to buy off Washington. FTX’s collapse continues to make headlines in the crypto market. SBF attempted to buy off Washington Congressman Patrick McHenry told CNBC in an […]
Dogecoin will become currency of Twitter and the ‘X-App’ – Turkey is convinced
A recent survey shows that Turkey trumps all other countries in terms of the excitement for memecoin DOGE. The interest in Dogecoin (DOGE) has sparked after the recent acquisition of Twitter by Elon Musk. The crypto winter of 2022 followed by a massive correction in the broader crypto space has led to subdued investor participation. […]
Santander Is Ending All Payments to Crypto Exchanges
Santander – a UK-based financial institution – has announced it’s not going to allow any crypto exchange payments beginning in 2023. Thus, anyone who has a crypto wallet tied to their traditional bank account that tries to wire money to an attached crypto exchange to purchase assets will instantly be blocked. Santander Clearly Doesn’t Like Crypto The […]