Month: December 2022
US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless, and Private U.S. Congressman Tom Emmer (R-MN) announced Thursday that he has […]
US Senator: Bitcoin Is a Commodity — ‘There Is No Dispute About This’
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including bitcoin, must be regulated and the Commodity Futures Trading Commission (CFTC) is the right regulator for the crypto spot […]
Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
PRESS RELEASE. INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of the industry. This was LBank’s second event in Miami after exhibiting at the Bitcoin 2022 […]
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.” CFTC’s Meetings With FTX and Sam Bankman-Fried The […]Sales of Bitcoin Mining Rigs in Russia Surge in Q4: Report
Russian crypto miners are piling up ASIC crypto mining rigs, owing to cheaper electricity costs.
Alameda Covered a $1 Billion Loss for FTX in 2021 (Report)
Alameda lost hundreds of millions covering a client’s unusually large margin position on an obscure token in April 2021.
FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff
“This bankruptcy with a deficit of $8 billion shows how uncontrolled the entire industry is,” Wolff stated.
Mike Novogratz’s Galaxy Digital Will Acquire Celsius Owned Custody Platform GK8
The acquisition will expand Galaxy’s headcount, and help build out its GalaxyOne prime offering.
Zipmex Sees Buyout Offer of $100M as it Secures Creditor Protection: Report
Zipmex was reportedly still in “advanced talks” for a potential rescue deal last month.
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has warned about […]
