El Salvador’s Bitcoin strategy evolved with the bear market in 2022
After making Bitcoin legal tender in the country, El Salvador has faced a tough year of critics and the nonstop sinking of Bitcoin pricing. Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country …
Huobi net outflows crossed over 60M within the past 24 hours: Report
According to a report by Nansen, approximately $94.2 million has flowed out of the exchange within the past week. Cryptocurrency Exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours …
US authorities launch page to notify FTX’s victims about SBF’s case
According to the court filing, the number of victims in the FTX case made it “impractical” to rely on more traditional methods of notification. The United States Attorney’s Office for the Southern District of New York has launched a page …
Sam Bankman-Fried’s lawyers claim he needs Robinhood shares ‘to pay for his criminal defense’
The legal team confirmed the U.S. Departure of Justice was in the process of seizing the Robinhood shares but said SBF was “compelled to reply” given other claims. The legal team for former FTX CEO Sam Bankman-Fried has filed a …
Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds
The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX. After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang …
Marathon Digital experiments with overclocking to increase competitive advantage
According to the company, it produced 475 BTC in December 2022, bringing its total mined Bitcoins in the fiscal year of 2022 to 4,144 BTC. One of the largest Bitcoin mining operations in North America, Marathon Digital Holdings, has shared …
Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how
Traders are contemplating what will happen to ETH price and staked Ether derivatives after the next network upgrade opens withdrawals for stakers. The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and Uniswap turned …
Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K
A hint of BTC price volatility accompanies non-farm payrolls and unemployment figures, with the U.S. dollar dropping to favor Bitcoin bulls. Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset …
Crypto companies aim to build trust within future products and services
Companies are taking new approaches to building trust within Web3 and crypto products. The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows …
Binance joins association to address compliance with global sanctions
The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran. Binance has become one of the first crypto firms to join the Association of Certified Sanctions Specialists, ACSS, in an effort …