Top Stories This Week Sam Bankman-Fried: ‘I didnt steal funds, and I certainly didnt stash billions away.’ In a pre-mortem overview of FTX’s bankruptcy, Sam Bankman-Fried denied allegations of improper use of customer funds stored with the crypto exchange, attributing responsibility for the companys dramatic fall to the market crash of 2022 and Binance CEO...Continue Reading

Avalanche users can enjoy Ethereum Web3 and DeFi applications by connecting the network to MetaMask. Here’s a step-by-step guide to doing it. One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as...Continue Reading

Sam Bankman-Fried ordered Gary Wang, FTX’s co-founder, to open the alleged credit line financed by the exchange’s customers. Former FTX CEO Sam Bankman-Fried (SBF) reportedly ordered Gary Wang, co-founder of the crypto exchange, to open a $65 billion “secret backdoor line of credit” for Alameda Research, according to FTX attorney Andrew Dietderich.  The attorney disclosed...Continue Reading

The approval violates the New York climate law of 2019, plaintiffs claim. The facility was acquired by the Canadian crypto mining firm Digihost. The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state. According to The Guardian, the...Continue Reading

Cointelegraph will be on the ground as prominent figures from the cryptocurrency and blockchain space converge on Davos during the World Economic Forum. As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the...Continue Reading

Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term. With investor confidence seemingly at an all-time low thanks to the recent slew of insolvencies, a new saga seems to be now unfolding in real time. This one involves crypto exchange Gemini’s...Continue Reading

Building an interoperable network of blockchains dedicated to a specific purpose appears to be a viable alternative to layer-2 scalability solutions. App-specific blockchains, or appchains, are specifically designed to support the creation and deployment of decentralized applications (DApps). In an appchain, each app runs on its separate blockchain, linked to the main chain. This allows...Continue Reading

Local stakeholders believe that a crypto mining moratorium might actually mean the beginning of a new dialogue between the government and the industry. Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first...Continue Reading

Bitcoin knocks out a key moving average unchallenged since before its $69,000 all-time highs in a wild few days of straight BTC price gains. Bitcoin (BTC) continued a stunning comeback on Jan. 14 as $21,000 appeared for the first time since early November. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin cracks key trend line...Continue Reading

Polygon takes zero-knowledge rollups to the final testnet to gauge the performance of its zkEVM ahead of eventual mainnet integration. Ethereum layer-2 scaling protocol Polygon (MATIC) is carrying out performance testing of zero-knowledge rollup (zk rollups) technology ahead of full integration with its mainnet. The development of the technology, called Polygon zkEVM (Ethereum Virtual Machine),...Continue Reading