Author: BitcoinInfo.com

FTX Collapse: Bankman-Fried Said He “Didn’t Ever Try to Commit Fraud”

Sam Bankman-Fried, 30, has finally spoken since his crypto empire went bankrupt on Nov. 11. The deposed CEO of cryptocurrency exchange FTX gave his first interview on November 30. For more than an hour he was questioned about the overnight implosion of his empire made up of FTX and Alameda Research, a hedge fund that is also a trading platform.

Sell Bitcoin

The 9/29/22 article correctly predicted ” The tightening of the Fed and the inventory correction will force commodities and Bitcoin prices to continue to decline.” Let us see if monetary and economic conditions have changed enough to alter the downtrend of Bitcoin ( BTC-USD). The business cycle is in Phase 4.

Bitcoin mining stock report: Wednesday, November 30

Most bitcoin mining stocks tracked by The Block rose alongside Bitcoin, which returned to the $17,000 level by market close, roughly a 3.6% increase from yesterday, according to data from TradingView. BTCUSD Chart by TradingView TeraWulf shares rose by 14.% today after falling by 7.9% yesterday.

Analyzing Founders Fund’s Crypto Portfolio

Founders Fund is a San Francisco-based venture capital firm founded in 2005. The firm, founded by Peter Thiel, Luke Nosek, Sean Parker, and Ken Howery,

Why AI and NFTs Are Forcing Creators to Rethink Artistic Ownership

Technologies become especially powerful when they combine. Mobile phones and the internet, for example, would be significantly less useful without each other. Understanding the relationships between different technologies is therefore extremely important. The process of combination often starts early, long before the technologies are even mature.

Why did bitcoin and ethereum jump today? Potential for slower rate hikes in December

Major cryptocurrencies such as bitcoin ( BTC-USD) and ethereum ( ETH-USD) along with crypto-linked stocks have turned higher after Federal Reserve Chair Jerome Powell signaled the pace of interest-rate increases could slow down as soon as next month.

FTX’s Sam Bankman-Fried fumed over media spotlight on polyamorous sex life: report

Discredited FTX founder Sam Bankman-Fried reportedly bristled earlier this month over rampant speculation on whether he and other company executives were engaged in a polyamorous lifestyle. Bankman-Fried criticized media inquiries about his love life during a Nov. 16 phone call with cryptocurrency influencer Tiffany Fong – excerpts of which were first published on Tuesday by Fong and prominent YouTuber Stephen “Coffeezilla” Findeisen.

Funding Strategies for Blockchain Startups

Wellfound, formerly AngelList Talent, recently released another tally of rapidly-scaling blockchain startups. Some names you may recognise, whilst others are just breaking into the space: Gemini, Injective Labs, Fold, RabbitHole, Futureswap, 0x, CoinAlpha. These startups are part of a growing ecosystem of entrepreneurial and intrapreneurial projects, each using blockchain technology to address a slightly different challenge.

Crypto Winter Blues: Anti-Woke Boss Forced to Slash Company by 30 Percent

Anti-woke cryptocurrency exchange Kraken will cut 30 percent of its staff as the company weathers the “crypto winter,” CEO Jesse Powell said in a blog post. The company agreed to pay a $360,000 fine earlier this week in a settlement with the U.S. Department of the Treasury over allegations the company violated sanctions against Iran.

Kraken Cuts 1,100 Employees to ‘Weather Crypto Winter’

Jessie Powell got right to the point. The co-founder and CEO of Kraken tweeted his feelings on Nov. 30 after the cryptocurrency exchange announced that it was laying off about 1,100 employees, or 30% of its workforce, “in order to adapt to market conditions.” “Rough day at @krakenfx,” Powell said.

Why Bitcoin, Ethereum, and Dogecoin Are Rising Today | The Motley Fool

Shares of several of the most prominent and widely known cryptocurrencies rose this morning for no obvious reason as the industry continues to deal with fallout from the FTX scandal. Federal Reserve chairman Jerome Powell is also slated to deliver a press conference at 1:30 p.m. ET today.

FTX’s Collapse Was a Crime, Not an Accident

In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to give their readers a straightforward assessment of exactly what happened.

FTX’s Banking Web Raises Awkward Questions for Regulators (1)

The residue of Sam Bankman-Fried ‘s crypto empire is laying bare the industry’s growing foothold in the traditional banking system. Although there is no indication that FTX’s spectacular collapse poses any systemic risk, its bankruptcy filings read like a warning label on what could go wrong.

Suffolk Couple Bilked Of Thousands In Foreign Phishing Scam See Money Returned: DA

FARMINGVILLE, NY – The Suffolk County District Attorney’s office recovered over $330,000 for a Farmingville couple who were caught up in a phishing scam run out of India, prosecutors said Wednesday.

Telegram sells usernames worth $50 million on the Open Network blockchain

In slightly less than one month, Telegram has sold $50 million usernames on The Open Network, a blockchain that the company developed, Telegram founder and CEO Pavel Durov claimed. Last month, Telegram in October gave users the ability to buy usernames for its app via a blockchain-based platform called Fragment.

Experts explain where Bitcoin could go from here

By Quantent Bitcoin (BTC) was the first-ever cryptocurrency, and it was introduced to audiences in 2009. Despite hundreds of other altcoins entering the market since then, BTC still holds the top position as the highest-valued cryptocurrency. Bitcoin (BTC) was the first-ever cryptocurrency, and it was introduced to audiences in 2009.

Warren: FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto

Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren laid into the crypto industry during a Senate Banking Committee hearing, slamming troubled crypto exchange FTX as “not much more than a handful of magic beans.”

FTX Collapse Hits Asset Management Giant BlackRock

The list of collateral victims of the bankruptcy of the FTX cryptocurrency exchange continues to grow. Crypto lender BlockFi announced on November 28 that it had filed for bankruptcy due to its exposure to FTX, which had bailed out the firm during the liquidity crisis that impacted the industry in the summer of 2022.

Startup Digest: Zetwerk acquires Unimacts, Google, YouTube invest $13.2 mn to help fight misinformation, Anicut Capital gets Sebi nod for Rs 1,500 crore debt fund & DoorDash cuts 1,250 jobs to rein in costs

B2B manufacturing service unicorn Zetwerk has acquired US-based industrial manufacturing firm Unimacts for a total deal size of $39 million. This is the first overseas acquisition of Zetwerk and the fourth within six months. The company is planning to clock more than $1 billion of revenue for the financial year ending 2023.

FTX’s Banking Web Raises Awkward Questions for Regulators (1)

The residue of Sam Bankman-Fried ‘s crypto empire is laying bare the industry’s growing foothold in the traditional banking system. Although there is no indication that FTX’s spectacular collapse poses any systemic risk, its bankruptcy filings read like a warning label on what could go wrong.

Kraken cuts 30% of staff to ‘weather crypto winter’

Kraken’s the latest crypto firm to announce mass layoffs. “We’re reducing our global workforce by approximately 1,100 people, or 30 percent, in order to adapt to current market conditions,” co-founder and CEO Jesse Powell said in a blog post. Powell previously he would be stepping step down in September.

BlackRock’s Larry Fink says asset manager had $24M stake in FTX – report (NYSE:BLK)

BlackRock(BLK) CEO Larry Fink said Wednesday that the asset management behemoth had invested $24M in cryptocurrency exchange FTX prior to its implosion, Reuters reported.That…

FTX’s Banking Web Raises Awkward Questions for Regulators (1)

The residue of Sam Bankman-Fried ‘s crypto empire is laying bare the industry’s growing foothold in the traditional banking system. Although there is no indication that FTX’s spectacular collapse poses any systemic risk, its bankruptcy filings read like a warning label on what could go wrong.

Keep Your Eyes Open: Cryptocurrencies On Notice

It was coming. Now, the pace seems to be picking up. BlockFi, a firm involved in the crypto world, has gone under. This loss follows the closing of FTX. And, this all follows the falling of Three Arrows Capital, Voyager Digital, and Celsius Network.

Inside FTX’s wild spending: All-expense trips, packages by private jets and free massages

FTX executives spent wildly and showered workers with lavish perks such as free food and massages, and Amazon deliveries by private jet in the months before the cryptocurrency site’s catastrophic collapse, according to former employees. FTX’s headquarters in the Bahamas featured daily catering “in addition to the free groceries, barbershop pop-up and bi-weekly massages,” a former worker told the Financial Times.

FTX’s failure is putting crypto self-custody ‘back in vogue,’ Bernstein says

The recent collapse of centralized cryptocurrency exchange FTX has boosted the popularity of self-custody wallets, which allow users to store their tokens and act as their own banker instead of relying on off-chain exchanges.

FTX CEO stresses Bankman-Fried, Ellison no longer involved in operations

FTX CEO John Ray stressed in a company all-hands this week that the firm has not been communicating or “dealing with” former senior executives, including its co-founder Sam Bankman-Fried. The call between Ray and FTX and FTX.US employees provided few specifics on how the bankruptcy process was unfolding, but the restructuring expert tried to ease anxious employees by noting that “things will relax a bit.”

Bitcoin, ether prices buoyant in line with crypto-related stocks, Grayscale products still falling

Quick Take Bitcoin rose 2.6% to $16,804, while ether jumped 4.5% to $1,265. Grayscale’s GBTC and ETHE saw discounts widen, with the latter hitting an all-time low. Crypto stocks were higher pre-market. Bitcoin and ether traded higher in line with crypto stocks as traditional markets rose marginally.

BlockFi Bankruptcy: Another Domino Falls

Crypto lender BlockFi filed for bankruptcy in New Jersey, where the company is based, following the collapse of FTX. The company says the bankruptcy filing is due to “asset contagion” related to the implosion of Sam “SBF” Bankman-Fried’s DeFi exchange. BlockFi had lent $275 million to FTX, which the company says is a “major cause” […]

From Sicily to the Surf Club, Dolce & Gabbana Takes Alta Moda to Miami

It’s an interesting time to be in Miami. Until recently, the city was a bitcoin boom town, flush with newly-minted millionaires snatching up paintings at Art Basel or paying $3,000 for a reservation at Carbone. Yet, with FTX’s recent bankruptcy, and cryptocurrency cratering along with it, you can’t help but think: Is this all just a bubble that’s about to burst?

For Clients of Bankrupt FTX: a Bit of Good News

The bankruptcy of Sam Bankman-Fried’s cryptocurrency empire on Nov. 11 came as a shock to customers and investors of the various companies involved. The immediate open question is whether they’ll get their money back. The FTX cryptocurrency exchange was one of the central platforms in the fledgling financial-services industry, which aims to disrupt traditional finance.

What Jobs Market, Powell Speech Mean for Today’s Market: Live Analysis

TheStreet is live every weekday at 9:30 a.m. ET. Join us for the latest market commentary, insight and analysis here. More on Today’s Top Stories: Cyber Week Deal Get Action Alerts PLUS for our lowest price of the year! The markets are tough right now, but this is the best time to have professional guidance to help navigate the volatility.

Secret Network says it resolved risk from Intel hardware vulnerability

The developers of Layer 1 blockchain Secret Network said they resolved a security issue flagged by researchers who highlighted a vulnerability posed by Intel hardware the network used to enable privacy-preserving smart contracts. Secret’s promised privacy apps may have been compromised due to a vulnerability in certain Intel SGX chips called or .

Ether storage coming to Casa as centralized exchanges lose their luster

Crypto firm Casa will offer customers the ability to store ether, with its CEO referencing the FTX collapse as a reason for its appeal. “A lot of people learned the hard lesson of why holding your own keys is important,” CEO Nick Neuman told The Block in an interview.

Framework Ventures and Chapter One back web3 software solution Daylight: Exclusive

Daylight, a software solution for aggregating web3 perks, raised $3 million in a seed round co-led by Framework Ventures and Chapter One. Other backers in the round include 6 th Man Ventures, Spice Capital and OpenSea, as well as several angel investors such as Syndicate’s Will Papper and Friends With Benefits’ Alex Zhang, according to an announcement.

New Article Competition: Top 2023 Pick

Seeking Alpha’s Editorial Team is excited to announce our next article competition: Top 2023 Pick! For this competition, we are looking for analysis of your highest conviction stock, ETF, or cryptocurrency that you believe will be your best pick in 2023. The thesis can be bullish (going long) or bearish (going short).

ZkSync is integrating with RNS.ID to enable on-chain IDs and better data security

Ethereum scaling platform zkSync is integrating with the digital identification protocol RNS.ID to enable on-chain government IDs and new use cases that require personal data. RNS.ID is a platform for building decentralized applications. More specifically, it enables developers to build secure applications that use personal data, such as a home address.

Web3 startup Starlight debuts corporate cards for crypto firms: Exclusive

Starlight, a Brevan Howard-backed web3 payments startup, has launched corporate cards that aim to simplify expense payments for crypto businesses. The cards allow both fiat and crypto payments that can be tracked via a treasury dashboard on the platform; those payments then are loaded through a crypto wallet available through Starlight, or a checking account.

Blockchain Capital backs Catapult’s $5 million raise: Exclusive

Investors in the round also include Eden Block, Orange DAO and Reverie as well as several angel investors from leading crypto startups, including Aave’s Stani Kulechov and Teller’s Ryan Berkun, according to an announcement.

Bitcoin is on its ‘last gasp before the road to irrelevance,’ ECB advisers argue

While bitcoin might appear stable for now, it’s on the brink of irrelevance – at least according to a report from two advisers to the European Central Bank (ECB). Bitcoin is rarely used in transactions and poses a reputational risk for banks, according to an ECB blog post, which argues that regulation could be misunderstood as approval.

BitDAO launches modular Ethereum Layer 2 network Mantle

BitDAO, a decentralized autonomous organization with a treasury worth over $1.7 billion, has launched an Ethereum Layer 2 network called Mantle, the DAO announced on Wednesday. Mantle is a modular Ethereum Layer 2 chain. Modular networks are a new way of designing blockchains and are different from the older monolithic chains, where all network functions happen on the base layer.

Brazil approves bill to legalize crypto payments (Cryptocurrency:BTC-USD)

Lawmakers in Brazil, the largest economy in Latin America, have approved a bill that legalizes cryptocurrencies like bitcoin ( BTC-USD) and ethereum ( ETH-USD) as a payment method in the country, potentially paving the way for increased token adoption.

Binance, Coinbase, Kraken ordered to disclose user data in hack probe: FT

Six exchanges – including Binance, Coinbase, Luno and Kraken – will have to share user data to help trace $10.7 million in funds stolen from an unnamed UK-based exchange in 2020. London’s High Court issued a court judgment demanding the handover of the data, according to a Financial Times report.

Ripple leads $72 million round into crypto market maker Keyrock

Crypto payments company Ripple has led a $72 million Series B funding round into digital asset market maker Keyrock. Ripple has also been a key client for the firm for the last three years. Venture firms Six Fintech Ventures and Middlegame Ventures also participated in the round, which closed mid-September.

FTX Collapse Puts Auditors in Crosshairs of Clients, Regulators

A lawsuit against FTX’s auditors highlights potential legal risks the audit firms face for vetting the failed cryptocurrency exchange’s books. Prager Metis CPAs LLC and Armanino LLP were “willfully blind” to a pattern of “racketeering” at FTX, a customer who allegedly lost $20,000 said in a Nov.

Policymakers crank the heat on new EU crypto laws in FTX hearing

EU policymakers laid pressure on enforcing bloc-wide crypto regulations in the European Parliament’s economic committee today following the spectacular collapse of FTX. Regulators disagreed on whether the EU’s Markets in Crypto-Assets bill, which was postponed for a final vote in February, is a sufficient band aid for the implications of the debacle.

Wall Street Breakfast November 30: Twitter Weighing on Tesla

Subscribe Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Amazon (. Coinbase ( Musk vs. Cook . AMZN) unveils new data security services, chips and more at cloud conference COIN) Wallet to delist bitcoin cash , ether classic, ripple, stellar, citing ‘low usage’.

FTX Collapse Puts Auditors in Crosshairs of Clients, Regulators

A lawsuit against FTX’s auditors highlights potential legal risks the audit firms face for vetting the failed cryptocurrency exchange’s books. Prager Metis CPAs LLC and Armanino LLP were “willfully blind” to a pattern of “racketeering” at FTX, a customer who allegedly lost $20,000 said in a Nov.

One Growth Stock Down 83% You’ll Wish You Own When the Bear Market Ends | The Motley Fool

It’s been a tough year for investors. At one point, the S&P 500 was down more than 25%, with growth stocks taking the brunt of the selling. Marqeta is an innovative growth stock that was no different, plummeting 83% from its peak in November 2021.

Is Solana a Better Buy Than Ethereum In 2023? | The Motley Fool

There are many moving parts in the cryptocurrency industry right now. The entire industry is in a deep bear market, and the recent collapse of FTX is potentially setting back crypto’s progress as an asset class and damaging investor confidence. Ethereum has long been a staple in crypto, while Solana was a high-riser from 2022 until recently.

How the crypto hiring landscape is responding to industry layoffs

Episode 119 Listen below, and subscribe to The Scoop on Apple , Spotify , Google Podcasts , During this episode Chaparro and Paone also discuss: Stitcher Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets.

Animoca plots $2 billion metaverse investment fund: Nikkei

Web3 gaming and software giant Animoca Brands is set to debut a fund of up to $2 billion to invest in metaverse companies. The fund, named Animoca Capital, is expected to make its first investment next year, co-founder and executive chairman Yat Siu said in an interview with Nikkei.

No spot bitcoin ETFs approved so far – U.S. SEC official

Earlier this month, the SEC delayed a decision on whether to allow a spot bitcoin ETF by stock-picker Cathie Wood’s Ark Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Jan. 27.

Bitcoin (BTC), la capitulation a-t-elle eu lieu ? L’analyse de Vincent Ganne

Découvrez en vidéo l’analyse macro-économique et technique de Vincent Ganne du 29 novembre 2022 sur les cryptomonnaies Bitcoin (BTC), Ether (ETH), BNB et Polygon (MATIC). https://cryptoast.fr/bitcoin-btc-capitulation-a-eu-lieu-analyse-vincent-ganne/ Alors que le marché attend cette semaine les chiffres de l’inflation en Europe et aux États-Unis, ainsi que le rapport NFP et un discours de Jérôme Powell patron de la FED, u ne majorité de traders appellent à une capitulation finale des cryptomonnaies avant de revenir à l’achat.

Crypto Prices Today: Crypto Prices Today: Dogecoin (DOGE) Rises 6.21, Bitcoin (BTC) Up , Ethereum (ETH) Up 7.37%, Binance (BNB) Up To 7%

The crypto market today was trading with gains as Bitcoin (BTC), Ethereum (ETH), were up trading with significant gains and the trading volume too was up for most altcoins. The crypto market cap rose about 3.55 per cent to $854.44 billion and its trading volume was up by 8.69 per cent to $48.38 billion, according to data from Coinmarketcap.com at 8.50 am.

Bitcoin Price and Ethereum Pumps 10%; US Consumer Confidence Shakes Again

Despite the market’s continued FUD, Bitcoin, the leading cryptocurrency, continues to trade bullish above the psychological level of $16,000 and has placed a high of $17,000 on November 30. Similarly, Ethereum, the second-most valuable cryptocurrency, is also on the rise, having reached $1,270 after violating a symmetrical triangle pattern.

https://news.bitcoin.com/the-worlds-largest-nft-marketplace-opensea-adds-bnb-blockchain-support

Porsche Announces NFT Collection – Forbes India

Porsche Announces NFT Collection – Forbes India Home Cryptocurrency Cryptocurrency Porsche announces NFT collection Image: Shutterstock Porsche is the most recent automaker to enter the non-fungible token (NFT) art market. At Art Basel in Miami, Florida, the automaker debuts a collection of digital images featuring the 911.

Best 2022 FIFA World Cup Crypto Sports Betting Sites – Top Platforms for Bitcoin Sportsbetting

Disclaimer: This is sponsored content. All opinions and views are of the advertiser and do not reflect the same of WTKR. Football has been and remains one of the most popular, emotional, and unpredictable games. That is the only sports discipline in which an uncountable number of events are held, the most popular of which is the FIFA World Cup.

Collapsed US crypto firm FTX put billions in 3 Kenyan firms

Collapsed US crypto firm FTX put billions in 3 Kenyan firms Crypto exchange FTX and its sister company Alameda Research, which have filed for bankruptcy in a United States court, invested billions in at least three Kenyan start-ups in what could throw the young firms into financial wild waters.

NY Will Try to Find Out if a Controversial Type of Crypto Mining is Harmful to the Climate

The state’s environmental agency will begin a study on the impacts of a form of cryptocurrency mining that requires large amounts of energy from fossil fuels, now that Gov. Kathy Hochul has signed a bill that also bans the practice in New York for two years. Just before Thanksgiving, Hochul quietly signed the measure.

India’s opportunity to lead crypto regulation

Global crypto regulation seems to be high on the G-20 agenda. India can use its presidency to mould SOPs on superintendence of the virtual-digital-assets space in line with developing-economy priorities

U.S. crypto broker Genesis says it is working to avoid bankruptcy filing

(Reuters) – U.S. cryptocurrency brokerage Genesis said it was seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are organizing with restructuring lawyers to prevent insolvency.

Conflicting Ethereum whale, node and user activity: What it could mean for the network

By CNBCTV18.com In the last 30 days alone, the number of validating nodes on the Ethereum network has increased by over five percent. This is despite the overall revenue projections of staking seeing a decrease due to ETH’s recent price reduction.

Transparency, FTX, CeFi And DeFi

By Sharon Liebowitz By now, the news in early November about the collapse of FTX ( FTT-USD), one of the largest global cryptocurrency exchanges, is sinking in. At S&P Dow Jones Indices, we often discuss the challenges of the cryptocurrency ecosystem and its risks across multiple dimensions.

ETH Targets $1,300 on BTC Return to $17,000 Ahead of Powell’s Speech

Bitcoin (BTC) and ethereum (ETH) joined the broader crypto market in a bullish crypto session on Tuesday. A shift in sentiment towards the Chinese government’s lockdown plans and hopes of a December Fed pivot delivered price support. This morning, bullish sentiment continued to drive demand for riskier assets, with Fed Chair Powell in the spotlight.

https://www.proactiveinvestors.com/companies/news/999811/bitcoin-and-ethereum-show-signs-of-a-resurgence-altcoins-mostly-bullish-999811.html

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Bitcoin’s accumulation trend score and everything latest for your next trade

Bitcoin accumulation has rallied since the collapse of FTX New BTC buyers have seen lower losses than an average existing BTC holder As the general cryptocurrency market took a bite at recovery following the sudden collapse of FTX, Glassnode, in a new report, considered whether Bitcoin’s [BTC] continued sell-offs represented a continuation of the bearish trend.

Bitcoin’s resilience in face of FTX collapse is no comfort to crypto community

Bitcoin has so far weathered the bankruptcy of BlockFi this week, staying around US$16,500, as the crypto world nervously watches for further fallout from FTX.

Bitcoin tops $17,000 for the first time in two weeks but analysts don’t expect the bounce to stick

Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the fallout from the collapse of cryptocurrency exchange FTX. But one analyst warned that the bounce is likely just a bear market rally and would not be sustained. Bitcoin topped $17,000 trading at its highest level since Nov.

Binance enters Japanese market with Sakura Exchange BitCoin deal

Nov 30 (Reuters) – Cryptocurrency exchange operator Binance said on Wednesday it acquired Sakura Exchange BitCoin (SEBC), a crypto exchange service registered in Japan, to expand into the Asian country. The terms of the transaction were not disclosed by Binance.

Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop

Huobi Global’s HT token jumped after the cryptocurrency exchange said it would airdrop a new digital token to be issued by the Caribbean island nation of Dominica. This article originally appeared in Crypto Markets Today , CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.

How the FTX implosion has led to Bankruptcy for BlockFi

By CNBCTV18.com Hit by the collapse of second-largest cryptocurrency exchange in the world, FTX, Crypto lender BlockFi filed for Chapter 11 bankruptcy yesterday, November 28, after substantial exposure to FTX resulted in a massive liquidity crisis on the platform. The devastating collapse of the second-largest cryptocurrency exchange in the world, FTX, has sent shockwaves across the entire crypto industry.

Binance acquires Japan-based licensed crypto exchange SEBC

Crypto exchange operator Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). The terms of the deal were not disclosed. The acquisition marks Binance’s first license in East Asia, the company announced Wednesday. Binance has recently secured regulatory approvals or authorizations in France, Italy, Spain, Bahrain, Abu Dhabi, Dubai, New Zealand, Kazakhstan, Poland, Lithuania and Cyprus.

Bitcoin Prices Under Pressure as Cracks Spread Across Crypto Industry

and other cryptocurrencies were edging higher Tuesday but the digital asset space continues to face pressure on multiple fronts, including contagion from the bankruptcy of exchange FTX and the increasing difficulty of crypto mining. The price of Bitcoin has risen 1% over the past 24 hours to just shy of $16,500.

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https://bitcoinist.com/bitcoin-adjusted-roi-inflation-adjusted

Budget 2023: Crypto industry body calls for rationalisation of taxes, regulatory body

Bharat Web3 Association (BWA), a newly formed cryptocurrency and web3 industry body, has written to the finance ministry sharing its concerns and recommendations on taxation and regulatory uncertainty ahead of the Union Budget 2023-24. The industry body is expected to meet concerned officials from the Central Board of Direct Taxes (CBDT) and others next week, according to a source familiar with the developments.

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Tezos draws Art Basel Miami collectors with ‘generative’ NFT minting

Serious art collectors known to frequent the opening day of the Art Basel Miami Beach fair had the ability to take something home completely for free on Tuesday – a “generative” NFT minted on the Tezos blockchain.

Is Ethereum’s Coin Burn Mechanism Dying?

Arman Shirinyan burning mechanism has been the key factor in the asset’s placement on the market during the bear market of 2022. The second biggest cryptocurrency on the market has been successfully battling selling pressure thanks to the mechanism that unfortunately is not helping right now.

An update of NFT law developments

Non-fungible tokens (NFTs) have attracted a lot of hype globally in the past few years. Their popularity and valuation are growing exponentially in India too, so are the legal challenges associated with them. In this article, the authors throw light on some of these challenges.

An update of NFT law developments: Taiwan

New applications of cryptocurrency and blockchain technology called non-fungible tokens (NFTs) are a hot topic in Taiwan. But currently, there are no regulations specifically addressing their rise and development, and the regulator does not seem to have revealed any official view on the trend

The power of simplicity: Magnum’s latest NFT collection – in pictures

Featuring prison abattoirs and Mexican rain rituals, the second in a series of three non-fungible token sales celebrates 75 years of the iconic photo agency

Brazil Just A Step Away From Allowing Bitcoin For Payments, Investments – Bitcoin (BTC/USD)

Brazilian legislators have approved the complete regulatory framework for trading and using cryptocurrencies as payment. What Happened: The new bill passed on Tuesday night in Brasilia, the country’s capital, recognizes Bitcoin BTC/USD as a digital representation of value that can be used for payments and investment.

Jack Dorsey’s Block sues Bitcoin.com over ‘Verse’ name in Europe

Block Inc. (NASDAQ: SQ), the payments company co-founded by Jack Dorsey, is reportedly threatening to sue Roger Ver’s Bitcoin.com for trademark infringement in Germany. The complaint stems from Bitcoin.com’s involvement in the Verse tokenized digital ecosystem and sales of its VERSE asset. Block Inc. acquired the similarly named Verse Technologies Inc.

Fallout from the FTX bankruptcy and the future of crypto

The digital world is going to survive. Digital is the future of finance. But digital is going to be regulated. The recent experience with the failure of FTX ( FTT-USD) shows us, as stated in the Financial Times , that the digital world will become as fully regulated “as financial services businesses.”

Crypto bros sure kept the faith but did not notice the obvious

It is important to understand what made cryptos so popular in recent years. Indeed, the crypto story gels with a narrative that prevails in the minds of many millennials and zoomers, as they see the world around them. Why are narratives so important?

FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg

LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Key Reason Why Bitcoin Just Reclaimed $17,000

Alex Dovbnya Bitcoin, the largest cryptocurrency by market capitalization, has spiked to a two-week high of $17,010 on the Bitstamp exchange. The largest cryptocurrency by market capitalization has nearly 4% over the last 24 hours.

Kazakhstan Is Now the Third Largest BTC Mining Destination

According to the analogous timelines, the data shared by Cambridge Centre for Alternative Finance anticipated that the absolute per-month contribution of Kazakhstan in hash rate was almost 24.8 Eh/s. In the meantime, China and the US subsidized 39.6 Eh/s and 71 Eh/s respectively.

Crypto Price Today Live: Bitcoin nears $17K; Ethereum, Dogecoin and Polkadot gain up to 8%

New Delhi: Cryptocurrency market held its gains during the early hours on Wednesday despite ongoing concerns aroundFTX fallout and macroeconomic uncertainties. Bitcoin marched towards the $17,000 mark, whereas Ethereum topped $1,200 and eyed $1,300 level. Investors will now focus on Fed Chair Jerome Powell’s speech scheduled later in the day.

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DraftKings NFT: Reignmakers Football Week 13 Web3 Lazy Lions

Read more about Lazy Lions on Lucky Trader: Week 13 Web3 is here! We’ve swept the floor of the projects that had the most entrants during Week 3 and have them available for prizes this week. Are you a Lazy Lion? Well, then you’re in luck.

Porsche unveils entry into virtual worlds during Art Basel in Miami

During Art Basel in Miami, Porsche is launching a brand experience in the digital world and unveiling its first collection of non-fungible tokens (NFT). Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT: “This project is an additional element of our digitalisation strategy.

Crypto bank Seba opens office in Hong Kong, as the city aims to reclaim crypto hub status

Switzerland-headquartered Seba Bank expanded into Hong Kong with a new office as the Chinese region attempts to reclaim its status as a crypto hub. The Hong Kong office will be a center for Seba’s APAC growth plans, the bank said in a statement on Wednesday.

ForUsAll teams up for Bitcoin offering | JD Supra

May fortune favor the bold. I have to say something nice because I wouldn’t attempt a Bitcoin offering with the Department of Labor (DOL) against it. Bitwage announced a partnership with ForUsAll to offer a one-stop shop for cryptocurrency 401(k) plans combined with cryptocurrency payroll.