The largest crypto exchange in the world, Binance has experienced the most significant Bitcoin withdrawal in its history, per recent data. The company might face a bank run as crypto investors’ confidence continues to decline following the collapse of trading venue FTX and a U.S. investigation into major crypto exchanges. At the same time, positive […]
Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment from the Southern District of New York names only Sam Bankman-Fried, but contains allegations of illegal activities by “individuals known and unknown” as well.
SEC’s Hester Peirce Has Seen ‘No Real Movement’ on SEC Crypto Regulation Since She Joined in 2018
SEC Commissioner Hester Peirce has a lot of optimism about crypto, and hopes to not see hasty, reactionary regulations in the wake of FTX.
Congressman Brad Sherman Trashes Crypto During Recent Hearing
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 […]