Newsbreak 6 months ago in Around The World, Bitcoin, cryptocurrency, Ether, Markets, MI Exclusive, News 0 Category: cryptocurrency
Bitcoin’s nearing a breakout moment — prices topped $30,000 for the first time since June 2022
Newsbreak 6 months ago in Around The World, Bitcoin, cryptocurrency, Ether, Markets, MI Exclusive, News 0 Bitcoin has rallied over $30,000. Anadolu Agency/Getty Images Bitcoin has rallied above the $30,000 level for the first time since June 2022. The gains are driven by expectations the Fed could scale back its rate hikes, an analyst said. Bitcoin is up about 80% this year so far while ether is up about 60% in the same period. Bitcoin rallied above the $30,000 level for the…
El Salvador is opening a ‘bitcoin embassy’ in Texas in a bid to promote more acceptance of crypto
Newsbreak 7 months ago in Around The World, Bitcoin, bitcoin embassy, crypto, cryptocurrency, digital assets, El Salvador, Investing, Markets, MI Exclusive, Nayim Bukele, Texas 0 El Salvador President Nayib Bukele through the Latin Bitcoin convention in November 2021. Marvin Recinos/AFP via Getty Images El Salvador plans to open a “Bitcoin Embassy” in the US because it pushes for wider adoption of crypto. El Salvador, the first country to undertake bitcoin as authorized tender, said the office shall be based mostly in Texas. It’s already launched into the embassy concept, reaching…
Bankman-Fried’s use of VPN for Super Bowl leads to new bail restriction
Newsbreak 7 months ago in Around The World, Court Battles, cryptocurrency, ftx, FTX collapse, Justice Department, Lewis Kaplan, Sam Bankman-Fried, Super Bowl, VPNs 0 A federal judge on Tuesday barred FTX founder Sam Bankman-Fried from utilizing digital personal networks (VPNs) whereas out on bail, after he used a personal connection to watch the AFC and NFC championships and the Super Bowl. The Department of Justice (DOJ) requested Judge Lewis Kaplan on Monday for additional time to focus on Bankman-Fried’s bail situations, after the founder of the now-defunct cryptocurrency change…
Crypto exchange Kraken is embroiled in an SEC probe over whether it sold unregistered securities, report says
Newsbreak 8 months ago in Around The World, crypto, cryptocurrency, cryptocurrency exchange Kraken, Cryptos, investigation, Investigations, Investing Analysis, Investing Outlook, Kraken, Markets, MI Exclusive, probe, Regulation, SEC, Securities and Exchange Commission, Stock Market Analysis, Stock Market Outlook, US Securities and Exchange Commission 0 Kraken on a cellphone KONSKIE, POLAND The SEC is investigating Kraken over whether it supplied unregistered securities on the market, per Bloomberg. The crypto exchange and the SEC may come to a deal over the probe in coming days, the report said. The crypto trade is dealing with intensified scrutiny after the spectacular demise of main exchange FTX. Crypto exchange Kraken is under investigation by…
How ‘King of Instagram’ Dan Bilzerian ‘made millions’ from cryptocurrency after bizarre poker deal
Newsbreak 8 months ago in Around The World, cryptocurrency, Influencers, Instagram, News, TikTok, World News 0 DAN Bilzerian isn’t shy about flashing his money on social media whereas his feminine companions flaunt their property. The filthy rich private jet-riding playboy sparked a social media frenzy together with his extravagant shows of wealth and girls. Dan Bilzerian claims he made thousands and thousands after placing a bizarre poker dealInstagram The ‘King of Instagram’ crept onto the cryptocurrency scene early His followers can’t…
Investors are pouring cash into crypto at the highest level in 6 months as risk appetite returns and bitcoin wraps...
Newsbreak 8 months ago in altcoins, Around The World, Bitcoin, btcusd, Coinshares, crypto, Cryptocurrencies, cryptocurrency, digital assets, Ether, Investing, market valuation, Markets, MI Exclusive 0 Bitcoin has Umit Turhan Coskun/Getty Images Inflows into crypto more than tripled last week to the highest quantity since July 2022. The bulk of the funds went into bitcoin as the cryptocurrency’s price has soared to kick off 2023. Investors veered away from merchandise that made brief bets on bitcoin. Inflows into cryptocurrency funding merchandise more than tripled last week, with the swift spike concentrated…
Alameda ex-CEO Caroline Ellison taps SEC’s former top crypto regulator as lawyer in FTX investigation
Newsbreak 10 months ago in Alameda research, Around The World, Caroline Ellison, cryptocurrency, ftx, Law, News, weekend BI US 0 Caroline Ellison, left, and Stephanie Avakian, proper. Twitter/@carolinecapital, WilmerHale Caroline Ellison employed Stephanie Avakian and legislation agency WilmerHale to characterize her in the FTX investigation, per Bloomberg. Avakian was a top regulator on the SEC, the place she elevated oversight of cryptocurrency. She additionally led main circumstances in opposition to firms together with Tesla, Theranos, Facebook, and Wells Fargo, amongst others. Alameda Research ex-CEO Caroline…
Coinbase CEO slams Sam Bankman-Fried: ‘This guy just committed a $10 billion fraud, and why is he getting treated with...
Newsbreak 10 months ago in Around The World, brian armstrong, Coinbase, cryptocurrency, ftx, Markets, News, Politics, Sam Bankman-Fried, Tech Insider 0 Steven Ferdman/Getty Images; Tom Williams/CQ-Roll Call, Inc through Getty Images; Insider The CEO of Coinbase mentioned that it is “bizarre” Sam Bankman-Fried is “getting treated with kid gloves.” He pointed to Bankman-Fried’s tweets with Rep. Maxine Waters, the place she requested him to attend a listening to. Brian Armstrong mentioned he feels the “mainstream media” has given Bankman-Fried “softball interviews.” Sam Bankman-Fried is getting treated…
FTX’s estimate of its cash holdings more than doubles to $1.24 billion as bankruptcy hearing set to begin
Newsbreak 10 months ago in Around The World, Bankruptcy, Bitcoiner, cryptocurrency, ftx, Hodl, Markets, MI Exclusive, Sam Bankman-Fried 0 Getty Images FTX’s new administration estimates of cash holdings have almost doubled, in accordance to courtroom filings. The discovery of a further $564 million brings the whole to $1.24 billion. FTX begins its bankruptcy proceedings in courtroom on Tuesday The estimate of cash held by FTX has almost doubled forward of the corporate’s first courtroom hearing on Tuesday, in accordance to a Saturday submitting first…
Crypto brokerage Genesis is reportedly warning of bankruptcy without new funding, following liquidity crunch triggered by FTX collapse
Newsbreak 10 months ago in Around The World, Bankruptcy, Binance, Bitcoin, crypto, Crypto brokerage, cryptocurrency, ftx, Genesis, Markets, MI Exclusive, Sam Bankman-Fried 0 (Photo illustration by Jonathan Raa/NurPhoto by way of Getty Images) Genesis is warning potential traders it could must file for bankruptcy if it is unable to lift funding for its lending unit, Bloomberg reported. The crypto brokerage has been in search of no less than $1 billion in contemporary capital, mentioned the report that cited unnamed sources. “We have no plans to file bankruptcy imminently,”…
Proof of stake vs. proof of work: key differences between these methods of verifying cryptocurrency transactions
Newsbreak 10 months ago in Around The World, cryptocurrency, Investing, Personal Finance, Personal Finance Insider, pfi, PFI Bankrate, PFI Reference, PFI-XAMP 0 Insider’s consultants select the perfect services to assist make sensible selections together with your cash (here’s how). In some circumstances, we obtain a fee from our our partners, nevertheless, our opinions are our personal. Terms apply to presents listed on this web page. Proof of work has been round since Bitcoin grew to become the primary cryptocurrency in 2009. South_agency/Getty Proof of work and proof…
Ether falls as the FTX hacker dumps $74 million worth of the token and swaps it for bitcoin
Newsbreak 10 months ago in Alameda research, Around The World, Bitcoin, crypto hack, cryptocurrency, eth, Ethereum, ftx, Hack, Markets, Sam Bankman-Fried, Solana 0 SOPA Images / Contributor/ Getty Images Ether fell as a lot as 7% Monday as the hacker who looted FTX started dumping tokens. Over the final week, the hacker step by step transformed the stolen FTX funds to ether, CoinDesk reported. About $74 million of ether has been laundered into bitcoin utilizing RenBridge, CNBC studies. The value of ether dropped as a lot as 7%…
FTX collapse shows why crypto must be regulated before it threatens stability of financial system, says Bank of England official
Newsbreak 10 months ago in Around The World, Bank of England, crypto, Crypto Regulation, cryptocurrency, Finance, ftx, Markets, Sam Bankman-Fried 0 The Bank of England and Sam Bankman-Fried, founder of FTX. Dinendra Haria/Anadolu Agency by way of Getty Images; Craig Barritt/Getty Images for CARE For Special Children The Bank of England’s deputy governor for financial stability spoke at a convention on Monday. He dubbed the collapse of FTX “the most spectacular failure to date in the crypto ecosystem.” Crypto must be regulated before it’s massive sufficient…
A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
Newsbreak 10 months ago in 10 things, 10 things opening bell, Around The World, Binance, crypto, cryptocurrency, ECB, Economy, ftx, Markets, Newsletter, OKX, Sam Bankman-Fried 0 Good morning to my favourite nook of the web. Senior reporter Phil Rosen right here. It’s good to see you. Today, we’re zooming in on the revealing calls that occurred simply before the autumn of FTX, between Sam Bankman-Fried and a rival exec. I caught up with that exec to listen to about Bankman-Fried’s eleventh-hour scramble for a billion-dollar deal. But before we get to…
FTX founder Sam Bankman-Fried donated $40 million to political campaigns leading into the midterms, leaving some concerned about crypto’s place...
Newsbreak 10 months ago in Around The World, Campaign Donations, cryptocurrency, ftx, Politics, Sam Bankman-Fried, weekend BI US 0 Sam Bankman-Fried. FTX Sam Bankman-Fried and FTX execs donated a complete of $70 million to political campaigns in 18 months, in accordance to OpenSecrets. Bankman-Fried himself donated $40 million to principally liberal efforts, whereas fellow exec Ryan Salame gave $23 million primarily to Republicans. Critics are actually scrutinizing the function of cryptocurrency in politics after FTX’s dramatic demise. FTX founder Sam Bankman-Fried and fellow firm…
The unbelievably fast world of Caroline Ellison where ‘somebody suggests one thing’ then ‘an hour later and it’s already occurred’
Newsbreak 10 months ago in Alameda research, Around The World, Caroline Ellison, crypto, cryptocurrency, ftx, FTX Sam Bankman-Fried, News, Sam Bankman-Fried, Wall Street, weekend BI US 0 Caroline Ellison. Screenshot from Caroline Ellison’s Twitter, @carolinecapital In a 2020 FTX podcast, former Alameda Research CEO mentioned she “took a blind leap into the unknown” when she joined Sam Bankman-Fried. WSJ first reported on the remarks, after Ellison has drawn elevated scrutiny for her function within the demise of FTX. On Friday, bankrupt FTX-linked Alameda fired Ellison and different execs. Caroline Ellison mentioned she…
Caroline Ellison, one of the central figures behind FTX’s collapse, previously tweeted that regularly using amphetamines made the ‘non-medicated’ life...
Caroline Ellison. Screenshot from Caroline Ellison’s Twitter, @carolinecapital FTX-linked Caroline Ellison’s previous tweets about ‘common amphetamine use’ have resurfaced on-line. Ellison is the CEO of Alameda Research, the hedge fund FTX reportedly used to borrow cash for bets. Amphetamines are sometimes prescribed to deal with ADHD. Old drug-related tweets posted by Caroline Ellison — the 28-year-old CEO of Alameda Research, the hedge fund linked to…
A top exec at OKX explains his call with Sam Bankman-Fried as FTX scrambled for a rescue – and why...
Newsbreak 10 months ago in Alameda research, Around The World, Binance, crypto, cryptocurrency, CZ, ftx, Markets, OKX, Sam Bankman-Fried 0 Sam Bankman-Fried. Photo by Alex Wong/Getty Images In an interview with Insider, the director of monetary markets for OKX recounted two cellphone calls he had with Sam Bankman-Fried earlier than FTX collapsed. Bankman-Fried initially requested for $1 billion to $2 billion from OKX, however known as again hours later asking for extra. The exec suggested Bankman-Fried to seek the advice of the CEO of Binance…
Binance adds to stablecoin mystery by resuming Tether deposits while keeping out USD Coin
Newsbreak 10 months ago in Around The World, Binance, crypto, cryptocurrency, Hodl, Markets, MI Exclusive, Tether, Trading, USD Coin 0 Binance brand is displayed on a cell phone display Beata Zawrzel/NurPhoto by way of Getty Images Binance resumed deposits of stablecoin Tether on Friday, a day after an unexplained pause. But a pause in deposits of stablecoin USD Coin continues to be in place till additional discover. The newest strikes additionally got here with none additional element, regardless of costs for each cash remaining regular….
FTX employees were claiming expenses through online chat and random managers used emojis to approve them, new CEO says in...
Newsbreak 10 months ago in Around The World, Binance, cryptocurrency, ftx, FTX Sam Bankman-Fried, insider news, News, Sam Bankman-Fried, SBF 0 FTX emblem with crypto cash with 100 Dollar invoice are displayed for illustration. FTX has filed for bankruptcy in the US, in search of courtroom safety because it appears for a manner to return cash to customers. Jonathan Raa/NurPhoto through Getty Images FTX employees claimed expenses through chat messages, its new CEO mentioned. Random managers would then approve the official claims by utilizing customized emojis,…
A Winklevoss-run crypto operation has frozen $700 million in client withdrawals as it becomes ensnared in the FTX disaster
Newsbreak 10 months ago in Around The World, Contagion, crypto, crypto lender, cryptocurrency, ftx, Gemini, Genesis Global Trading, Markets, Sam Bankman-Fried, Winklevoss 0 Tyler Winklevoss. Joe Raedle/Getty Images Gemini, a cryptocurrency platform run by the Winklevoss brothers, halted client withdrawals for its Earn progam. Bloomberg reported Thursday that the Gemini Earn has $700 million in client funds. Genesis Global Capital additionally halted withdrawals and is the lending accomplice of Gemini Earn. The collapse of Sam Bankman-Fried’s FTX is continuous to ship repercussions by means of the crypto sector,…
The Bahamas could not have prevented FTX’s implosion and the country hasn’t found deficiencies in its crypto regulation, prime minister...
Newsbreak 10 months ago in Around The World, Bankruptcy, Chapter 11, crypto exchange, cryptocurrency, ftx, Markets, MI Exclusive, Sam Bankman-Fried, The Bahamas 0 FTX founder Sam Bankman-Fried. FTX Official/YouTube The prime minister of the Bahamas reportedly says the country could not have prevented the collapse of FTX. “[We] have not identified any deficiencies in our regulatory framework that could have avoided this.” FTX is searching for chapter safety in the US, submitting final week after failing to safe a rescue from rivals. The prime minister of the Bahamas,…
FTX Group has secured just $740 million in crypto that it hopes to recover in bankruptcy after holding more than...
Newsbreak 10 months ago in Around The World, Binance, Bitcoin, crypto, cryptocurrency, ftx, ftx bankruptcy, Hodl, Markets, MI Exclusive, Sam Bankman-Fried, Trading 0 Sam Bankman-Fried. Photo by SAUL LOEB/AFP through Getty Images FTX Group has secured in new chilly wallets roughly $740 million of cryptocurrency, a brand new submitting mentioned. But that’s just a fraction of the digital property that FTX hopes to recover in bankruptcy. Sam Bankman-Fried’s crypto empire listed crypto and stablecoin property that topped $5 billion before the Chapter 11 submitting. FTX Group has a…
Coinbase plunges as FTX chaos spreads further into the crypto market
Newsbreak 10 months ago in Alameda research, Around The World, Bitcoin, Coinbase, crypto winter, cryptocurrency, ftx, Markets, Sam Bankman-Fried, Stock Market 0 Coinbase SOPA photographs Coinbase shares dropped 6% Thursday, as the FTX fallout continues to unfold. About a yr in the past, Coinbase had a valuation of $85 billion, however shares of the crypto agency have crashed greater than 80% this yr. FTX’s collapse has shaken confidence in the crypto sector that was already in the thick of a deep bear market. Shares of Coinbase slipped…
Binance pauses customer deposits of stablecoins Tether and USD Coin without explanation
Newsbreak 10 months ago in Around The World, Bitcoin, cryptocurrency, Investing, Markets, MI Exclusive, Tether, Tokens, Trading, USD Coin 0 Cryptocurrency trade Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary occasion in Paris, France, July 8, 2022. Staff/Reuters Binance paused deposits of stablecoins Tether and USD Coin early Thursday. The firm did not present a motive for the halt on it is web site. Both tokens maintained their greenback peg as of presstime. Cryptocurrency trade Binance paused customer deposits of stablecoins…
FTX may have used corporate funds to buy homes for employees and advisors, its new CEO says
Newsbreak 10 months ago in Around The World, Bahamas, crypto, cryptocurrency, ftx, ftx bankruptcy, Markets, News, Sam Bankman-Fried, Tech Insider 0 Alex Wong/Getty Images Some of FTX’s associates may have used corporate funds to buy homes, its new CEO has claimed. “There does not appear to be documentation for certain of these transactions as loans,” John J. Ray wrote. Ray made the declare in a scathing declaration submitted as a part of FTX’s chapter filings. FTX’s new CEO claims that a few of its associates may…
Sam Bankman-Fried says 2 top execs have left FTX, with one ‘scared’ and another ‘ashamed and responsible’
Newsbreak 10 months ago in Around The World, crypto, cryptocurrency, ftx, ftx bankruptcy, Markets, News, Sam Bankman-Fried, Tech Insider 0 (Photo by Jabin Botsford/The Washington Post through Getty Images) FTX cofounder Sam Bankman-Fried stated two top executives have left the collapsed crypto alternate. CTO Gary Wang and director of engineering Nishad Singh are now not at FTX, he advised Vox. Singh was “ashamed and guilty” as a result of FTX prospects’ deposits had been misplaced, Bankman-Fried stated. FTX cofounder Sam Bankman-Fried stated Tuesday night time…
Inside world of ‘polyamorous’ Crypto King Sam Bankman-Fried & Queen Caroline Ellison who lost £27billion in a week
CRYPTO King Sam Bankman-Fried was half of a ‘polyamorous’ group that ran his enterprise, which collapsed shedding £27 billion, it’s been claimed. Bankman-Fried, 30, and Caroline Ellison have been themselves mentioned to be in an on-off relationship and reportedly lived as half of the ten particular person bed-hoping band in a Caribbean penthouse. Sam Bankman-Fried’s cryptocurrency empire has collapsed with big losses Caroline Ellison was half…
Go read these wild DMs between Sam Bankman-Fried and a reporter, where the FTX founder reveals what he really thinks...
Newsbreak 10 months ago in Around The World, cryptocurrency, DMs, Finance, ftx, Markets, News, Sam Bankman-Fried, Tech Insider 0 (Photo by Jabin Botsford/The Washington Post by way of Getty Images) Sam Bankman-Fried, founder and former CEO of cryptocurrency platform FTX, resigned on Friday. He is now underneath investigation from the Securities and Exchange Commission, and the Department of Justice. In an alleged DM alternate with a Vox reporter, Bankman-Fried stated “fuck regulators” and that “they make everything worse.” You really have to read these…
Cathie Wood just bought shares in Grayscale’s bitcoin trust for the first time in 16 months at a deep discount
Newsbreak 11 months ago in ARK Invest, Around The World, Cathie Wood, cryptocurrency, Cryptos, ETFs, grayscale bitcoin trust, Markets, MI Exclusive 0 Photo by PATRICK T. FALLON/AFP by way of Getty Images (*16*) Cathie Wood’s ARK Invest just bought up shares of Grayscale Bitcoin Trust for the first time in practically a 12 months and a half. The ARK Next Generation Internet ETF bought 315,000 shares of the fund on Monday. The bitcoin fund is buying and selling at a steep discount and has sharply underperformed the…