“Your willingness to talk to the public will help the company’s customers, investors, and others,” said House Financial Services Committee chair Maxine Waters, addressing SBF. The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13. In...Continue Reading

Opera executive Susie Batt said that the tool will not have any platform usage fees and will allow people to freely explore the NFT industry. In an announcement sent to Cointelegraph, the firm stated that it has partnered with Alteon LaunchPad to let beginners in Web3 or the NFT space easily mint NFTs. With the...Continue Reading

The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against a basket of top foreign currencies, reached 104.40 which was the lowest level seen in...Continue Reading

The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund’s founders through Twitter, according to a decision from judge...Continue Reading

Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain. Non-farm payrolls in the United States rose by 263,000 in November, exceeding economists’ expectations of an increase of 200,000. Analysts believe that the numbers remain hot and do not allow much scope for the Federal Reserve to...Continue Reading

The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews. The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the...Continue Reading

In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm’s founders “repeatedly fail to engage” with liquidators, but weren’t shy about talking to the media. The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media...Continue Reading

Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is. The downfall of FTX and a number of other CeFi platforms in 2022 has reinforced a Bitcoin maximalist narrative, according to which most of the crypto ecosystem will eventually...Continue Reading

BTC price performance gains some positive tailwinds, but Bitcoin faces a potential top for U.S. stocks. Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY weakness offers hope of “Santa rally” Data from Cointelegraph Markets Pro...Continue Reading

Blockchain technology is making its way into the court system, with digital summons being served with NFTs. RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court summons to a former employee and a contractor. RBB Lab CEO Enrico Rubboli told Cointelegraph...Continue Reading