Bitcoin is stuck at its current levels, but the market might begin moving again before 2023 makes its entry. The key factors shaping global markets are changing, and cryptocurrencies are bound to follow the general trend into the new year. As of this writing, Bitcoin trades at $16,800 with sideways movement in the last 24 […]
Marshall Islands passes law recognizing DAOs as legal entities
The Republic of the Marshall Islands (RMI) announced on Dec. 22 that it had enacted the Decentralized Autonomous Organizations Act of 2022. The law formally recognizes DAOs and allows legal entities registered in the country to adopt DAO structures and governance tools. The Decentralized Autonomous Organization Act of 2022 will provide both profit and non-profit […]
Bottom Signal: This Bitcoin Ratio Declines To Four-Year Low
On-chain data shows a Bitcoin ratio has hit the lowest value since February 2019, something that may suggest the bottom could be near for the current cycle. Bitcoin SOPR Ratio Hits Lows Not Seen Since 4 Years Ago As pointed out by an analyst in a CryptoQuant post, the SOPR Ratio has a value of […]
Bitcoin Santa Claus Rally: How Often Does The Christmas Miracle Occur In Crypto?
With Christmas almost here, hopes for a Santa Claus rally in Bitcoin and the rest of crypto are fading fast. But what exactly is the phenomenon, and how often has the Christmas miracle occurred in the past? What’s A Santa Claus Rally? The Most-Wished For Gift By Bitcoin Bulls A Santa Claus rally is defined […]
FTX Founder Free on Hefty $250 Million Bail
The FTX founder has been granted his release on a bail of an eye-popping $250 million
SBF granted highest ever pre-trail bail of $250M, released to parents’ home in Palo Alto
The dramatic story of Sam Bankman-Fried is far from over as he landed on U.S. soil today and stood before a magistrate in the Southern District of New York where he was indicted on 8 counts of financial crimes. At the culmination of the hearing, SBF was granted a “$250 million bond, signed by the […]
Ripple CEO Compares FTX’s Fraud To Wells Fargo’s Funds Mismanagement
During the feverish FTX turmoil news cycle, Ripple CEO Brad Garlinghouse weighs in with a new comparison, FTX’s fraud with Wells Fargo funds mismanagement. Brad tweeted that although SBF and FTX’s fraud has rightfully outraged the globe, it hardly registers on the news when Wells Fargo mismanages billions of dollars in consumer assets. Where the local community […]
Breaking: FTX’s Sam Bankman-Fried to get bail on $250 million bond
FTX founder – Sam Bankman-Fried – is set to get bail on a $250 million bond. The former crypto mogul will also be placed in home detention and constantly monitored. The news comes a day after SBF was extradited to the United States. Notably, Bankman-Fried will be gaining his short-term restrictive freedom as part of […]
Ethereum remains unmoved according to these metrics as it gets removed from Paxful
Ethereum is to be removed from Paxful, according to the announcement from Paxful’s CEO. Critical metrics reveal that despite the removal, ETH remains largely unaffected. New information suggests that Ethereum (ETH) will be removed from a cryptocurrency trading platform. The Paxful CEO announced the removal of the second-largest cryptocurrency by market size on 21 December. […]
The driving forces behind crypto adoption in Latin America in 2022
Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.