In a massive solar storm, which would be hugely damaging to a modern economys infrastructure, the blockchain parts might well be the only parts that survive. Jason Potts What was the Carrington Event? In a November 1859 meeting of the Royal Astronomical Society, British astronomer Richard Christopher Carrington reported to the esteemed scientific body that...Continue Reading

Inflation undercuts expectations, but Bitcoin remains at risk of fallout from a risk asset “deflationary panic” in Q1 next year, one analyst warns. Bitcoin (BTC) hit new one-month highs on Dec. 13 as United States inflation data sent a surge of optimism through markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price rebounds aU.S....Continue Reading

According to the federal regulator, SBF and FTX companies “used FTX customer funds for a variety of personal expenditures” including real estate and private jets. The United States Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and demanding a...Continue Reading

Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess. The Canadian Securities Administrators (CSA), the council of Canada’s provincial and territorial securities regulators, on Dec. 13 issued an update to crypto trading platforms operating in the country. The CSA said that the authority has been...Continue Reading

The Ledger Live app, which pairs with Ledger hardware wallets, integrated a new DeFi tracking feature to monitor performance analytics of over 1,000 protocols. Users and developers are seeking out ways to stay both safe and informed after a year of volatility and uncertainty. During this shift, the hardware wallet developer Ledger announced a new...Continue Reading

The study found that compared to NFTs, five times more respondents are interested in earning Bitcoin while playing games. While some gamers are against nonfungible token (NFT) integration for games, a large portion are willing to play if they are given opportunities to earn cryptocurrency, according to a recent survey.  In an announcement, fintech firm...Continue Reading

The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas. The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials. Following the FTX collapse in November, Bahamas government officials reportedly asked Bankman-Fried to mint...Continue Reading

SEC has filed charges against the former CEO Sam Bankman-Fried, accusing him of defrauding U.S. customers and concealing the diversion of customers’ funds. The United States Securities and Exchange Commission (SEC) has filed charges against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX.  The SEC has charged Bankman-Fried with violating the anti-fraud provisions...Continue Reading

SBF blamed the current CEO, his legal counsel, the law firm he appointed for bankruptcy, and Binance CEO CZ, without admitting any wrong on his part. Former FTX CEO Sam Bankman-Fried, also known as SBF, was arrested on Dec 12, a day before he was set to testify before Congress remotely. A copy of his...Continue Reading

Bitcoin withdrawals surge as Binance recovers from a media storm and subsequently accusations of suspicious activity. Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.” Data from on-chain monitoring resource Coinglass shows that Binance’s BTC balance decreased by over 30,000 BTC into...Continue Reading