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11 января 2023 05:05

💰 FTX Spent $40 Million Catering To Food, Flights And Hotels In 9 Months

Before finally going bankrupt in November 2022, FTX blew a fortune on high-end lodging, travel, and dining during the preceding nine months. According to documents submitted to the court, FTX spent $40 million on lodging, transportation, and dining between January and September of 2022.

More than 15 million US dollars is going toward high-end hotels and other types of accommodations, while 5.8 million US dollars is going toward a resort. In March, the British royal family stayed at the Grand Hyatt, which is a four-star hotel, costing them a total of $3.6 million. The construction of the Rosewood resort, which has five stars, cost $800,000. The company then filed for bankruptcy in November of that year citing “liquidity issues.“

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09 января 2023 04:21

💰 FTX attempting to recover millions donated to charities

Defunct crypto exchange FTX and its founder Sam Bankman-Fried (SBF) donated millions to charities. Now the firm’s new management is trying to recover the donations, the Wall Street Journal (WSJ) reported on Jan. 8.

Federal prosecutors and regulators allege that SBF, FTX, and its affiliates, which include defunct hedge fund Alameda Research, stole user funds and poured billions of dollars into risky bets that did not pan out. FTX and its affiliates filed for bankruptcy in November 2022. SBF pled ‘not guilty’ to multiple counts of fraud earlier this week, and his criminal trial is set for October 2023.

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07 января 2023 08:31

🪙 BUSD Sees $5 Billion Reduction in Supply in 24 Days

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion.

BUSD, the stablecoin founded by Paxos and Binance, has experienced a significant reduction in its circulating supply. Data shows that among the top ten stablecoins by market capitalization, BUSD has lost the most between Dec. 5, 2022, and Jan. 6, 2023. Tether managed to increase by 1.1% over the past month, and USDC jumped by 1.8% in the last 30 days.

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05 января 2023 04:12

🪙 Bitcoin Miner Stronghold Converts $17.9 Million Of Debt To Preferred Stock

According to a press release on Tuesday, Stronghold Digital Mining, a Bitcoin miner, has reached an agreement with noteholders to convert $17.9 million in convertible debt into $23.1 million in convertible preferred shares.

The transaction marks the Bitcoin miner’s most recent attempt to strengthen its balance sheet. Stronghold reached an arrangement in August to pay off a debt of $67.4 million by returning 26,200 mining machines to the lender NYDIG.In an effort to increase its cash flow, the company terminated a hosting contract with Northern Data of Germany in September. Greg Beard, co-chairman and chief executive officer, stated.

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03 января 2023 03:03

💰 ENS Domains Surpassed Over 2.2 Million New Registrations In 2022

Over 2.2 million ENS domains were registered in 2022. This number marks strong growth over the past year. There were around 437,000 new .eth registrations in September 2022, setting a new monthly record. The increase in subscribers peaked prior to an update to The Merge.

Key ENS measures, such as registrations, renewals, and revenue, were at an all-time high, according to Nick Johnson, the project’s developer, in May 2022. ENS domain names must be created as NFTs on the Ethereum blockchain and finish in “.eth.” They can be traded on auxiliary NFT markets. You need a crypto-native browser, such as Brave, to access.eth domains.

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02 января 2023 03:58

🪙 Circulation Of Circle USDC Grew By $200 Million Over The Last Week

Circle issued a total of USD 4.2 billion USDC, redeemed USD 4 billion USDC, and increased circulation by USD 200 million from the 22nd to the 29th of December. The reserve consisted of 10.4 billion dollars in cash and 34.2 billion dollars in short-term US government bonds.

The company that is responsible for the stablecoin known as USDC, Circle, has raised the circulation of the coin as of the final week of 2022. From the 22nd to the 29th of December, Circle issued a total of USD 4.2 billion USDC, redeemed USD 4 billion USDC, and increased circulation by USD 200 million, as stated by official Circle sources. As of the 29th of December, the total amount of USDC in circulation was 44.3 billion dollars.

Source

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31 декабря 2022 04:15

💰 Vitalik Buterin Helped Solana Out Of 22 Month Low With A Tweet

Solana, the network that was most devastated after the collapse of Sam Bankman-Fried’s FTX empire, is still facing difficulties as SOL, its native token, is in serious decline and could become among the most devalued tokens of 2022 after LUNA and FTT.

Ironically, Ether is Solana’s most serious opponent, even though Solana was previously dubbed the “Ethereum killer,” but now it seems a bit vain. After the Ethereum founder tweeted support for the blockchain most severely damaged by FTX’s collapse, SOL mostly reversed from the 15% decline.SOL recovered from its $8.02 low on Thursday to retake the $9.63 trading range, where it had been trading for the majority of the day.

Source

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29 декабря 2022 05:31

⚡️ Sam Bankman-Fried Criminal Case Assigned To Judge Lewis Kaplan

U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams in the Sam Bankman-Fried criminal case. Judge Ronnie Abrams withdrew from the case because her husband’s law company had previously provided advice to FTX, SBF’s now-defunct cryptocurrency exchange.

According to Reuters, U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, Kaplan is also in charge of high-profile defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain’s Prince Andrew. Ronnie Abrams overseeing Sam Bankman-Fried’s (SBF) high-profile criminal prosecution withdrew from the case.

Source

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27 декабря 2022 03:45

💰 Uniswap Social Dominance Increases By 443.6% Despite Its Poor On-chain Metrics

The price motion of the whole crypto market over the previous several days has not been in line with investor interest. However, Uniswap remained a hot topic in the crypto space as its social dominance went up this week.

Despite the fact that most cryptocurrencies did not see an increase, LunarCrush reported that UNI remained a big subject in the crypto realm this week, with its social dominance increasing. UNI remained popular, but market signs indicated that investors should be wary since things may worsen in the following days.

Source

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25 декабря 2022 15:46

$TIME is the most oversold coin.

Located in the accumulation zone 53-57.
Could pump hard 🚀🚀
I am buying some.

A few key points about the project:

1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders.
2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin.

3. In the near future the TIME token will be listed on two top exchanges.

4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW😳

The price stabilized at around 53-57, looks good for a medium term holding.

P.S: Not financial advice.
DYOR🚀

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24 декабря 2022 02:57

📣 Crypto Auditors Come Under SEC Scrutiny

The US Securities and Exchange Commission is increasingly scrutinizing audits performed for cryptocurrency companies, with concerns over their legitimacy. These crypto companies have been seeking to demonstrate.

Many have been seeking out auditing firms to provide third-party assurances to their customers and prospective investors. Some of these reports neglect to include all the relevant financial information, the SEC said, with firms claiming it violated confidentiality.we will consider a referral to the division of enforcement.”

Source

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22 декабря 2022 03:36

🪙 Waves Platform CEO announces launch of new stablecoin

Sasha Ivanov, the founder, and CEO of Waves Platform has announced that he will be launching a new stablecoin.Some users have expressed concern about the potential for the new stablecoin to depeg like the USDN stablecoin did multiple times this year.

Ivanov has previously taken on $500 million debt to restore the USDN peg, and he has stated that a “$USDN situation resolution plan” will be put into action in order to prevent a repeat of earlier events. The stablecoin will not be a new version of USDN with a new mechanic but an entirely new product according to the Waves CEO.USDN stablecoin did multiple times this year.

Source

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20 декабря 2022 06:10

🟠 Binance.US agrees to buy Voyager's assets

Binance.US has entered into an agreement with Voyager Digital to acquire the bankrupt crypto lender's assets. “Our bid is a reflection of our guiding principle that customers should come first," Brian Shroder, Chief Executive Officer and President of Binance.US,

The announcement comes during financial turmoil for the blockchain and cryptocurrency industry, with centralized exchanges under increased scrutiny. Shroder noted on Twitter that "Binance.US is well capitalized: our assets exceed our liabilities," explaining: "All of our customers could withdraw their assets tomorrow.

Source

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18 декабря 2022 04:40

📉 San Luis in Argentina to Create Dollar-Pegged Stablecoin

The Argentinian province of San Luis has passed a bill allowing it to issue a dollar-pegged stablecoin. The new law will also give local artists the chance to have their work minted as NFTs.

The bill, called “Financial Innovation for Investment and Social Economic Development” is the latest step for the region’s move towards digitization. The purpose of the law is to harness blockchain for the region’s benefit. These benefits include “financial innovation”, and “social, economic, cultural, and financial inclusion.”

Source

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16 декабря 2022 04:59

🚨 Bitcoin miner CleanSpark slashes 2023 hashrate guidance on build-out delays

Bitcoin miner CleanSpark is lowering its 2023 hashrate guidance from 22.4 EH/s to 16 EH/s because of build-out delays coming from its infrastructure partner, Lancium. CleanSpark did, however, meet its 5.0 EH/s year-end hashrate in October and is now projecting to reach 6.0 EH/s by Dec. 31.

Lancium was expected to provide first 50 megawatts this month and the next 150 megawatts in the spring, Bradford said. Instead, that capacity only will be available in late 2023 — or even later, given current market conditions. Margins in the industry are hurting amid higher costs and lower bitcoin prices. Some of the largest players are cash-strapped and struggling to pay bills.thousands of machines from competitors in recent months.

Source

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10 января 2023 07:36

💰 Charles Hoskinson’s New Hospital Will Accept Cardano (ADA) for Payments

Cardano founder Charles Hoskinson has announced the launch of his new hospital called “Hoskinson Health & Wellness Clinic,” which will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem.

Announcing the development a few days ago, Hoskinson said the hospital would be open for business by February 2023. However, the Cardano founder did not reveal whether his new medical center will accept other major crypto assets such as bitcoin (BTC) and ether (ETH). According to the hospital’s website, Hoskinson Health & Wellness Clinic is based in Wyoming, United States. The clinic is partly open and will be fully operational next month.

Source

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08 января 2023 04:33

📣 Bonk Inu (BONK) Burns Over 5 Trillion Tokens As Its Price Decreases By 50%

Developers behind the Solana-based memecoin project Bonk Inu burnt almost 5 trillion tokens, or 5% of the entire supply, earlier on Friday. The action claimed to have essentially burnt all tokens reserved for project developers.

As prices fell by roughly 50% in the last 24 hours, 5% of the token supply that is allocated to the team has been burned. In the last 24 hours, CremaFinance exchanges and Gate.io have implemented bonk-based trading events and NFT mints, increasing the memecoin’s usability for traders and holders. Over the last five days, over four million transactions were recorded, indicating that holders were actively participating.

Source

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06 января 2023 04:28

💰 MoneyGram Required The Court To Seal Parts Of Its Filings In The XRP Lawsuit

MoneyGram asked the U.S. District Court for the Southern District of New York on Wednesday to seal some of the summary judgment documents in the ongoing dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).

MoneyGram stated that it hopes to secure company information and employee names by sealing portions of its documentation for the summary judgment, a sort of judgment normally delivered on the basis of statements and evidence without a full trial. putting an end to a related arrangement that involved on-demand liquidity transactions worth a few billion dollars.

Source

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04 января 2023 04:28

⚪️ Justin Sun: Huobi Plans To Reach 100 Million Users By 2023

On January 3, Justin Sun, the founder of TRON and a member of the advisory board of Huobi Global, shared on his account that Huobi plans to reach 100 million users in 2023.Meanwhile, Huobi still needs to explain about Pi Network, accusing the exchange of arbitrarily listing Pi.

Justin Sun is proud to present Huobi Exchange which has 100% uptime and has not had a single security breach in the industry in the past ten years. This is because it operates in an industry where cyber-attacks and hacks are widespread.However, in further development, Pi Network has officially listed on the Huobi exchange. According to the latest statement, Huobi announced it would be opening Pi (Pi Network) spot trading (PI/USDT ) at 09:00 (UTC) on December 29.

Source

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02 января 2023 12:33

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01 января 2023 03:36

📣 Compass Mining Wins $1.5 Million In Court Ruling Against Dynamics

On Thursday, Judge J Travis Laster, of the Delaware Court of Chancery, ruled in favour of Compass Mining and entered a default judgment against Dynamics for $1,474,400, plus post-judgment interest and costs.

Compass launched a lawsuit on the grounds that Dynamics was hostage-taking its equipment and claimed that the accusations were totally false. Additionally, the firm said that while it had contributed roughly $1.7 million to the development and maintenance of three buildings, Dynamics had failed to meet some of its duties. according to a statement, Compass is unclear whether it will be able to recover that money.

Source

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30 декабря 2022 12:02

📣 California regulator issues barrage of crypto scam warnings

California’s financial regulator released a barrage of 16 crypto scam alerts between Dec. 27 and 28, warning consumers of potentially fraudulent crypto websites and brokers. crypto scam alert bombardment took place on Jun. 15, when 26 notices were pushed out.

The California Department of Financial Protection and Innovation rarely releases more than one warning at a time, but seems to have made an exception for crypto. Its previous crypto scam alert bombardment took place on Jun. 15, when 26 notices were pushed out. Some of the sites attempted to dupe well-known entities, with names such as “eth-Wintermute.net,” “UniSwap LLC” and “RB Hood.”

Source

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28 декабря 2022 02:42

📣 WBS Bangkok 2022 Was Successfully And Opened A Bright Future For Web3

World’s largest blockchain and web3 summit series, WBS has hosted over 35,000 industry stakeholders at over 20 editions in over 10 destinations worldwide. WBS Bangkok 2022 was a great success and opened up a bright future for Web3 after 2 days of the organization.

During the two-day summit, blockchain solution providers, Web3 projects, investment partners, and community partners showcased their services and made networking possible. The summit also features inspirational keynotes, pitch competitions, panel discussions, investor meet-ups, project showcases, industry use cases, and a host of formal and informal networking opportunities.

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26 декабря 2022 03:39

⚡️Crypto Is Down Bad, But VCs Keep Pouring Money In

Given the contagion and chaos we have witnessed since Sam Bankman-Fried’s crypto exchange FTX had a sudden multibillion-dollar coronary, you may be tempted to conclude the entire crypto industry is headed for the great Chapter 11 bankruptcy filing in the sky.

Analysts at Pitchbook report that crypto VC investment in 2022 (a brutal year across all tech) has outweighed that of both fintech and biotech, pulling in $6.5 billion over the last 12 months, $879 million of it in the last quarter. Just take a look at the last week or so of drab crypto industry press releases. You’ll see a $4.75 million round for a thing called Earn Alliance. A $70 million raise for a thing called Ramp Network. A further $15 million for Roboto Games.

Source

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25 декабря 2022 03:11

🇰🇵 North Korean Hackers Have Stolen $1.2B in Crypto Since 2017

Hackers sponsored by North Korea have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrencies from around the world since 2017, according to an AP News report citing South Korea's main spy agency, the National Intelligence Service (NIS).

The NIS believes that North Korea is among the best in the world when it comes to stealing crypto as the country turned its focus on cybercrime after U.N. economic sanctions were toughened in 2017 in response to its nuclear and missile tests. Of that sum, a reported $78 million has come from South Korea.

Source

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23 декабря 2022 05:56

📣 Retiring Sen. Toomey introduces new stablecoin bill

Sen. Pat Toomey, R-Pa., introduced a bill that would establish a federal framework for stablecoins and aims to “guide Congress” toward future crypto regulation, less than two weeks before the Republican is set to retire.

Toomey is the ranking Republican on the Senate Banking Committee, and he is viewed as an influential figure on crypto policy. The Pennsylvania lawmaker’s new bill is called the "Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022.". The bill would establish a new federal license for payment stablecoin issuers.

Source

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21 декабря 2022 03:32

🇺🇸 Binance joins U.S. lobby group's executive committee

Binance is joining the executive committee of the Chamber of Digital Commerce, a U.S. lobby group for the blockchain industry, as the world's biggest crypto exchange steps up its engagement with regulators.

Binance will contribute to research and potentially influence the shape of crypto legislation through discussions with policymakers and regulators, according to a statement. The crypto giant joins traditional finance firms like Visa and Deloitte as well as blockchain firms such as Circle and OKCoin. The exchange's U.S. unit, Binance US.

Source

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19 декабря 2022 02:54

💰 FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill.

On Dec. 17, 2022, Reuters reported that “a person familiar with the matter said on Saturday” that Sam Bankman-Fried (SBF) plans to be more accepting of being extradited to the United States. The source noted that SBF will “reverse his decision to contest extradition” when he appears in court on Monday. The former FTX CEO was supposed to remain at Fox Hill until Feb. 8, 2023.

Source

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17 декабря 2022 06:15

💰 Jefferies sees recovery rate of up to 40% for FTX creditors

Risks of clawbacks and lack of asset proof complicate the sale of claims. New York-based investment bank Jefferies Financial Group estimates FTX creditors could get as much as 40% of their money. However, that recovery rate would likely be lower once bankruptcy administrators have taken their fees.

Total liabilities at FTX appear to be between $10 billion and $13 billion against assets of $2 billion to $4 billion, Joseph Femenia, global head of distressed and special situations at the bank, said in an interview. That indicates a recovery rate of between 20% and 40%, said Femenia, who has assigned a five-person team to work on FTX full-time. the Securities Investor Protection Corporation paid the administration fees.

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15 декабря 2022 04:59

📈 Total crypto market cap makes 4 week high to $874B following CPI release

The total crypto market cap recorded inflows of $27.2 billion in the last 24 hours to post a four-week high of $871.4 billion. This suggests investors’ confidence is returning following the FTX scandal and wider, ongoing macro factors.

Since bottoming, signs of returning confidence have presented with a slow trickle upwards. This sentiment was boosted on Dec. 13 following better-than-expected U.S. Consumer Price Index (CPI) data, showing a 7.1% year-on-year increase. Economists’ expectations were for a 7.3% increase. Market leader Bitcoin saw a spike to just below $18,000, and capital inflows jumped at 13:30 (UTC,) the time of the CPI announcement.

Source

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