El Salvador's renewable energy Bitcoin mining project, Volcano Energy, has partnered with Luxor Technology to launch its first local Bitcoin mining pool, marking the country's efforts to become a Bitcoin-adopting nation-state and leverage its abundant renewable energy resources for economic and technological growth.
The Securities and Exchange Commission is increasing regulations on investment advisors choosing custodians for digital assets, which may impact the firms benefiting from institutional interest in cryptocurrencies.
A U.S. federal judge rejects the SEC's bid to appeal against Ripple, causing XRP's price to rally, while FTX founder Sam Bankman-Fried's trial continues with a dispute over the evidence, and a new data platform developed by the Bank for International Settlements could support future regulation of the crypto market.
Crypto strategist Altcoin Sherpa warns that Worldcoin (WLD) is likely to decline by at least 34% and could ultimately drop to less than $1, while also keeping a close eye on Solana (SOL).
The founder of cryptocurrency exchange FTX, Sam Bankman-Fried, is being tried for financial crimes involving the misuse of customer funds and unlawful purchases, with the prosecution alleging that he funded expenses at Alameda and influenced politicians through financial contributions. Bankman-Fried's defense plans to argue that he was misinformed by his legal counsel and had no criminal intent. The trial is expected to last six weeks, with former FTX executives and Bankman-Fried's former girlfriend and head of Alameda, Caroline Ellison, among the witnesses. Bankman-Fried remains in jail throughout the trial.
Bitcoin and other cryptocurrencies remained stable on Wednesday despite a stock market selloff and rising bond yields, with traders maintaining a positive outlook.
South Korea's central bank, the Bank of Korea (BOK), will launch a pilot project to explore the technical infrastructure for a central bank digital currency (CBDC), in collaboration with private banks, public institutions, and expert support from the Bank for International Settlements (BIS).
The US Department of Justice (DOJ) has indicted eight companies based in China and their employees for their alleged involvement in the production and distribution of fentanyl, with indications that crypto was used to manage the finances of their illicit activities. The US Treasury's Office of Foreign Assets Control (OFAC) has also imposed sanctions on several entities and individuals and identified 16 crypto wallets associated with the indicted parties.
Web3 game distribution platforms aim to create a player-centered and community-driven gaming ecosystem by utilizing blockchain technology and decentralization, offering new monetization options like the play-to-earn model, but face challenges such as a lack of understanding and limited game titles, requiring a broader range of enjoyable games and better user interfaces to establish a successful platform akin to Steam in the Web3 space.
Yield Protocol, a DeFi lending project, is shutting down due to limited demand for fixed-rate borrowing and regulatory challenges.
The French central bank views central bank digital currency as the catalyst for improving cross-border payments and the foundation of a new international monetary system.
The global blockchain finance market is predicted to become a $79.3 billion industry by 2032, driven by the disruptions caused by the COVID-19 pandemic and the potential for reduced operational costs, with collaborations and acquisitions being heavily explored as a top strategy by market players.
XRP, the native token of the Ripple protocol, is the best-performing asset among the top 50 cryptocurrencies, up nearly 4% in the past 24 hours and 6.2% over the week, fueled by a federal judge's decision and Ripple's acquisition of a payments license in Singapore.
Bitcoin and other major cryptocurrencies experienced mixed movements as low volatility returned to the market after a period of optimism surrounding ETFs.
Millions of dollars raised by Sam Bankman-Fried were at risk of being lost due to poor fund management and unsuccessful trading strategies, but the tides turned when new team members joined and implemented successful trading systems, leading to the creation of the crypto exchange FTX.
Trading firm Alameda Research, led by Sam Bankman-Fried, faced significant losses in its early days before finally finding success under the guidance of Gary Wang and Nishad Singh.
A global central bank test lab has developed a prototype bitcoin monitoring system called Atlas, which aims to provide authorities with a clearer understanding of how, when, and where cryptocurrency is being used, including cross-border flows and economic analysis.
The Department of Justice clarifies that the absence of a clear US legal framework for cryptocurrency does not prevent fraud charges against FTX founder Sam Bankman-Fried, as his trial continues with disputes over evidence and regulatory status.
The national debt of the United States has reached a historic high of $33.44 trillion, with the amount of daily debt added surpassing the market capitalization of most cryptocurrencies, including Bitcoin and Ethereum. The rising cost of servicing this debt is projected to hit a new record in 2025, and estimates suggest that the national debt-to-GDP ratio could reach 181% by 2053.
Several Friend.tech users have reported that their accounts were compromised and drained after hackers used SIM-swap attacks to gain control of their mobile numbers, resulting in the loss of nearly 109 ETH worth about $178,000; experts suggest implementing stronger security measures to protect users.
Disgraced FTX co-founder Sam Bankman-Fried presented a pros and cons list to his ex-girlfriend warning that he doesn't feel happiness and has trouble respecting others, according to a new book, as he faces federal charges for allegedly embezzling funds from customers.
Former FTX CEO Sam "SBF" Bankman-Fried's trial began with a noticeable change in appearance, as he appeared leaner with a new haircut, and he was described as less jittery and more composed than usual, while journalists, influencers, and skeptics filled the courthouse in what was dubbed a "crypto prom"; the trial is expected to last about six weeks.
Gabe Bankman-Fried, the younger brother of Sam Bankman-Fried, attempted to purchase the Pacific Island of Nauru to build a bunker and develop a lab for 'human genetic enhancement' in case of an apocalypse.
Ripple has received a full digital payment tokens license from the Monetary Authority of Singapore, allowing it to continue operations and prioritize the Asia Pacific for adoption of its crypto-backed products.
The ousting of U.S. House Speaker Kevin McCarthy, the first time in history for a House Speaker to be removed, has led to the appointment of Patrick McHenry as interim House Speaker, which could be seen as a positive development for the cryptocurrency sector.
Concerns have been raised about the lack of a clear plan or successor following the ousting of former House Speaker Kevin McCarthy, according to Rep. Marjorie Taylor Greene.
Ripple has obtained a major payments institution license in Singapore, allowing it to continue providing regulated crypto payment services in the Asia-Pacific region, which is one of its fastest-growing markets.
Ripple's Singapore arm has obtained a license as a major payments institution from the Monetary Authority of Singapore, allowing it to continue offering digital payment token services in the region, while also winning a significant victory against the U.S. Securities and Exchange Commission in its legal battle.
The trial of Sam Bankman-Fried, a fallen crypto titan, began with jury selection and a courtroom filled with media, potential jurors, and crypto influencers.
The Twitter account @satoshi, which claims to be linked to Bitcoin's mysterious creator Satoshi Nakamoto, has been reactivated, sparking speculation about its authenticity and connection to Craig Wright.
Crypto strategist Altcoin Sherpa predicts that layer-2 protocol Arbitrum (ARB) could see a 23% increase in price before its rally slows down, while decentralized derivatives exchange Injective (INJ) may dip to $7.50 before surging towards its target at $9.40. Additionally, Altcoin Sherpa believes that Bitcoin (BTC) will test its psychological resistance at $30,000 but is unsure of its larger trend.
The US District Court of New York has rejected the SEC's request to appeal the ruling that XRP is not a security for retail sales, stating that the SEC did not offer a convincing justification for an appeal.
District court judge Analisa Torres has denied the SEC's motion to appeal its loss against Ripple Labs, stating that the regulator did not demonstrate substantial grounds for a difference of opinion.
Former crypto billionaire Sam Bankman-Fried is facing trial and potential decades in prison over accusations of stealing billions in one of the biggest financial frauds in US history.
Crypto-friendly Rep. Patrick McHenry is temporarily replacing Speaker of the House Kevin McCarthy, which could help progress on digital-asset regulations in the US, with several crypto bills expected to be brought up for floor votes soon. However, Senate approval is still needed for these bills, and the discordant Republican caucus in the House may slow down the process.
Crypto exchange Binance, along with the US government and Thai police, has helped dismantle a multi-million-dollar crypto scam in Thailand that targeted novice traders with fake investment platforms, resulting in the arrest of five principal members and the seizure of assets worth $277 million.
Former FTX CEO, Sam Bankman-Fried, is on trial for conspiracy and fraud charges related to the collapse of the cryptocurrency exchange, FTX.
The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase Global's request to dismiss the regulator's lawsuit against the cryptocurrency exchange, arguing that a recent court ruling used by Coinbase in its defense does not apply in this case.
Ardana Labs, a stablecoin platform for the Cardano network, collapsed due to risky asset management practices by its executives, who allegedly transferred funds to personal wallets and made bad investments, according to evidence from Web3 risk-management platform Xerberus. The project raised $10 million in funding before closing down in November 2022.
Large Bitcoin holders have been accumulating the cryptocurrency since September, leading to predictions of a return to the $30,000 price level, although some analysts disagree with this analysis.
Bitcoin (BTC) may test its bull market support and potentially have a final leg to the downside, as predicted by crypto analyst Rekt Capital, who also suggests that this could be the last chance to buy BTC at low prices before it potentially peaks in 2025.
The U.S. Department of Justice charges Chinese businesses involved in fentanyl production and trafficking that relied on cryptocurrency payments, while the Treasury blocks associated crypto wallets in the crackdown.
Former Celsius CEO, Alex Mashinsky, will remain free on $40 million bail throughout his criminal trial, which is scheduled to start on September 17, 2024, as he faces allegations of defrauding investors and users out of billions of dollars.
The recent uncertainty regarding the United States debt limit and the subsequent signing of the spending bill by President Joe Biden led investors to question the momentum for cryptocurrencies, but with an extension in place, lawmakers need to find a solution before November 17 to avoid further economic risks. Bitcoin has experienced a price increase, prompting investors to anticipate volatility as the debt ceiling decision approaches, and a recommended neutral-market strategy involving options trading is suggested for investors looking to mitigate potential losses and profits.
Michael Lewis's book, "Going Infinite: The Rise and Fall of a New Tycoon," explores the collapse of the cryptocurrency exchange FTX and its founder Sam Bankman-Fried, revealing a tale of ambition, fraud, and the blurred line between philanthropy and personal gain.
Canadian entrepreneur Kevin O'Leary believes that the era of unregulated "crypto cowboys" is coming to an end as the crypto industry shifts towards regulation, while still expressing optimism for the future of crypto and emphasizing the importance of compliance in his involvement with exchanges.
Sam Bankman-Fried, the former CEO of FTX, has filed a lawsuit against Continental Casualty insurance company, claiming that the company has refused to pay his defense costs as part of the directors and officers (D&O) coverage provided to FTX Trading.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
Cryptocurrency assets experienced inflows for the first time in six weeks, with Bitcoin and Solana leading the way, while Ethereum continued to see outflows, according to a report from CoinShares.
Bitcoin has rebounded by over 42% following the collapse of FTX last November, reaching its highest mark in almost two months at $28,933.51, while FTX founder Sam Bankman-Fried faces trial for federal charges of fraud and conspiracy.