Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond Sam Bankman-Fried will spend the holidays with his family in Palo Alto, California, after his parents secured $250 million in bail funds with the equity in their home. Among the conditions of the bail are...Continue Reading

A whitelist is a list of wallet addresses with priority access to an NFT collection before making it available to the general public. Crypto-based scams are constantly sweeping the nonfungible token (NFT) space; therefore, staying updated is the most significant way to prevent both new and existing NFT scams. Other than fraud, intense rivalry for...Continue Reading

The loss represents the collective personal equity of 17 people in the space, including 15 who have lost over half of their fortunes since March. The bear market and the wave of bankruptcies in the crypto industry drained $116 billion from the pockets of founders and investors in the past nine months, according to recent...Continue Reading

The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages. London-based Faes & Company filed a complaint against crypto mining firm Blockware Solutions LLC on Dec. 17, claiming it misrepresented the performance capability of its miners and lacked adequate power access to keep the machines running.  Plaintiffs allege losses of $250,000 and are...Continue Reading

Filmmakers are interested in documenting one of this year’s weirdest stories in crypto, but what else made the list? From Terra to FTX, 2022 has given us many weird crypto stories. While investors have been enduring a bear market that saw the crypto industry sink below the $1 trillion market capitalization mark, adoption in the...Continue Reading

Christmas dinner could get awkward for crypto advocates who were adamant about their families investing last year — Cointelegraph compiled a small recap of what happened in crypto this year. After a lackluster rise of crypto in 2021, which saw many new crypto millionaires and several crypto startups attain unicorn status, came the dramatic fall...Continue Reading

The lack of volatility speaks volumes as one analyst argues that Bitcoin is only worth investing in below $12,000 or above $19,000. Bitcoin (BTC) entered the Christmas holiday period unchanged at $16,800 as an eerie lack of volatility persevered.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopeful price target sees Bitcoin at $17,400  Data from...Continue Reading

Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services. Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy...Continue Reading

The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market. The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonged bear...Continue Reading

Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021. The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge...Continue Reading