After learning that Tron was laying off employees, crypto billionaire and creator Justin Sun shifted $100 million of his stablecoins to his Huobi exchange today. According to blockchain data from Nansen, the money was taken out of Binance and then transmitted to Huobi, in which Sun owns controlling ownership. Tether and USD Coin (USDC) served […]
SBF pleads not guilty, crypto layoffs, and bank run on Silvergate: Hodler’s Digest, Jan. 1-7
Top Stories This Week Sam Bankman-Fried enters not guilty plea for all counts in federal court Former FTX CEO Sam Bankman-Fried (has pleaded not guilty to all charges related to the collapse of the crypto exchange, including wire fraud and securities fraud. He faces eight criminal counts, which could result in 115 years in prison […]
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
The post FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec appeared on BitcoinEthereumNews.com. The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the…
$3.8B of Cumulative Volume Moved Overseas Since Indian Crypto Taxes Kicked In
While Indian crypto exchanges lost a significant portion of their trading volume after new taxes for the sector came into force, the losses, so far, were referred to in percentage terms, with most estimates quoting them to be above 90%, compared to the previous year. Now, a new study has quantified the value of cumulative […]
Bitcoin Price Prediction for Today, January 7: BTC/USD Consolidates Around $16,938; Will Price Set to $17k?
The Bitcoin price prediction shows that BTC may face down but consolidation is likely to continue around between $16,500 and $17,000. Bitcoin Prediction Statistics Data: […]
Bitcoin: More pain for holders as on-chain readings suggest a further drop in…
A look at on-chain metrics indicated that BTC’s price might decline further in 2023 Many BTC holders have failed to see profits on their investments since FTX collapsed An assessment of two on-chain metrics revealed that Bitcoin’s [BTC] holders might face a tough year in 2023 as negative sentiment continued to trail the king coin. […]
An FTX Victim? – This Website Helps To Collect What’s Yours
Are you a victim of FTX? Better call the federal authorities. Or, at the very least, go to the website they’ve established to spread details about their legal lawsuit against FTX founder Sam Bankman-Fried. Federal prosecutors from the United States submitted paperwork in Manhattan on Friday requesting authorization to use a website to contact investors […]
Silvergate gets more bad news as Moody’s slashes its ratings
The post Silvergate gets more bad news as Moody’s slashes its ratings appeared on BitcoinEthereumNews.com. Things seem to be going from grim to grimmer at Silvergate Bank, with a hit to its Moody’s rating and a selloff by Ark Invest. The bank already experienced a…
MicroStrategy’s Bitcoin is 45% Down; Tweets Nebraskan Gooner
The post MicroStrategy’s Bitcoin is 45% Down; Tweets Nebraskan Gooner appeared on BitcoinEthereumNews.com. Nebraskan Gooner tweeted that the bitcoin holding of MicroStrategy is 45% down. He referred to the long-term bitcoin strategy of the company, which Saylor considers to be successful. However, Gooner…