Regulators have a weak case against FTX on deposit insurance
FTX made an error in messaging when it suggested depositors were insured, but federal regulators will have a hard time proving the exchange did so with sinister motives. In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit …
Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside
BTC and stocks sold-off after comments from the Federal Reserve re-emphasized the Fed’s commitment to lowering high inflation in the United States. A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. …
3AC’s Zhu was in Bangkok, disputed liquidator’s court filing in Singapore: Report
Zhu, whose whereabouts had been unknown for weeks, delivered an affidavit that disputed Teneo claims and elucidated the internal structure of the failed hedge fund. According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. …
‘Anything is possible’ — John McAfee’s wife responds to faked death claims
“John McAfee’s life was shrouded in controversy and it is only fitting that his death is shrouded in controversy as well,” said Janice McAfee. The wife of crypto evangelist and computer programmer John McAfee has responded to a claim made …
Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
A swift leg-up for BTC price action nonetheless fails to crack the week-long trading range so far. Bitcoin (BTC) rose rapidly later on Aug. 26 as fresh economic data from the United States furthered hopes of a pivot from the …
XRP price pumps and dumps amid mysterious $51M whale transfers — What’s next?
XRP risks declining further in the coming weeks despite its eye-grabbing intraday price moves. XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders. Large XRP transfers, Ripple Swell Global event Notably, XRP’s …
Still waiting: SEC delays VanEck’s third Bitcoin spot ETF application
The wait for a first Bitcoin spot exchange-traded fund continues as the U.S. SEC buys more time to make a decision on VanEck’s proposed BTC ETF. The United States Securities and Exchange Commission (SEC) has pushed back a decision on …
Why September is shaping up to be a potentially ugly month for Bitcoin price
Bitcoin has closed its previous five months of September in losses and could suffer similar pains if history repeats. Bitcoin (BTC) bulls should not get excited about the recovery from the June lows of $17,500 just yet as BTC heads …
Celsius bankruptcy proceedings show complexities amid declining hope of recovery
Celsius Network’s bankruptcy proceedings have highlighted that the firm has misrepresented many of its assets with deep complexities in its operations. The Celsius Network is one of many crypto lending firms that has been swept up in the wake of …
How to tell if a cryptocurrency project is a Ponzi scheme
Crypto Ponzi schemes have increased over the past couple of years. This is how to spot them. The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are …