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

The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund. The United States Securities and Exchange Commission (SEC) is taking further steps to stop Grayscale Investments’ efforts to launch a Bitcoin (BTC) exchange-traded fund (ETF). Grayscale began its legal challenge of the SEC’s denial order of...Continue Reading

VeChain is a smart contract-compatible blockchain designed to enhance the supply chain and accelerate the mass adoption of blockchain technology. The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications,...Continue Reading

Microsoft CEO and chairman Satya Nadella had previously stated that the acquisition of Activision Blizzard would “play a key role in the development of metaverse platforms.” Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC)....Continue Reading

A golden cross is one of the most popular bullish signals for cryptocurrency traders but it does not necessarily mean you should immediately enter the market. A golden cross pattern on the charts excites crypto traders for its promises of profitable opportunities ahead, largely due to its impressive success rate in traditional markets. The golden cross...Continue Reading

Thailand’s chief regulator highlights the importance of tighter control over the cryptocurrency-related advertisements. Thailand joins the growing list of countries that are seeking to revise their crypto regulation in the aftermath of the FTX collapse. And, as most of these countries do, it intends to tighten the guidelines for the industry and focus on investor...Continue Reading

Dietrich Domanski, the outgoing secretary general of the FSB, said that recent events highlighted that it’s “urgent to address risks” within the space. The FTX collapse spurred action from a global financial watchdog to give recommendations to regulate the crypto industry early in 2023.  The Financial Stability Board (FSB), an international organization that monitors the...Continue Reading

A Bitcoiner has literally taken the Lightning Network into his own hands, installing a tiny payment chip into his hands to make NFC contactless payments. The Lightning Network continues to shock the Bitcoin (BTC) community. A swiss IT Professional called F418 (not his real name) surgically implanted a Lightning-enabled chip into his right hand to...Continue Reading