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The largest crypto exchange in the world, Binance has experienced the most significant Bitcoin withdrawal in its history, per recent data. The company might face a bank run as crypto investors’ confidence continues to decline following the collapse of trading venue FTX and a U.S. investigation into major crypto exchanges.  At the same time, positive …

Binance Sees Largest Bitcoin Withdrawal In Its History, BTC Rally Set To Benefit? Leggi altro »

PancakeSwap (CAKE) has been trading against the broad market, especially when major market movers have rallied. The coin has lost 0.8% over the last 24 hours and still depicts no decisive price action on the chart. Despite the CPI data release, the coin has remained unaffected by that development. CAKE traders are still wary of …

PancakeSwap (CAKE) Slides Below Range, Is This An Entry Point For Buyers? Leggi altro »

On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: …

CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried Leggi altro »

On Dec. 13, 2022, the Southern District of New York (SDNY) prosecutor’s office and SDNY attorney Damian Williams revealed that the FTX co-founder Sam Bankman-Fried has been indicted for “fraud, money Laundering, and campaign finance offenses.” SDNY attorney Williams said that the case was not an issue of “mismanagement or poor oversight” but of “intentional …

FTX Co-Founder Indicted by Federal Grand Jury in Manhattan, Bahamian Magistrate Denies SBF’s Bail Leggi altro »

U.S. Congressman Tom Emmer has called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to testify before Congress and “answer questions about the cost of his regulatory failures.” The lawmaker stressed: “Gensler has repeatedly dodged Congress at the expense of investors … leaving us to learn about the SEC’s crypto investigations, …

US Lawmaker Calls on SEC Chair Gensler to Testify About His Crypto Regulatory Failures Leggi altro »

Following the FTX collapse, the largest cryptocurrency exchange by trade volume, Binance, has been surrounded by rumors and speculation in recent times. On Dec. 12, 2022, Reuters reported that U.S. Department of Justice prosecutors have been investigating Binance, according to four people familiar with the matter. Moreover, while a number of crypto assets have risen …

Amid Speculation and Rumors Surrounding Binance, Exchange Token BNB Suffers Losses From the Alleged FUD Leggi altro »

On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access that would be provided immediately to the …

Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse Leggi altro »

Critics have suggested that the collapse of FTX demonstrates flaws with Bitcoin, but this is a misunderstanding of its fundamentals. This is an opinion editorial by Pierre Rochard, the Vice President of Research at Riot. Ben Sixsmith has published a thoughtful piece in The Spectator entitled “Saying Goodbye To The Crypto Nerd Utopia,” providing an …

Saying Hello To Bitcoin Leggi altro »

The hardware, electricity and internet costs of running a Bitcoin node in Nigeria and ideas for mitigating these costs. In this article, I enumerate the costs of setting up and running a node in Nigeria, informed by my experience of running one over the past couple of years. I also offer some cost mitigating suggestions …

The Costs Of Running A Bitcoin Node In Nigeria Leggi altro »

The bitcoin price is often criticized as being too volatile, but as Einstein theorized, it’s all in how you look at it. This is an opinion editorial by Tim Niemeyer, the co-host of the Lincolnland Bitcoin Meetup. Source Is bitcoin volatile? How does one determine volatility? How can those with diamond hands so decisively say …

Is The Bitcoin Price Volatile? It’s All Relative Leggi altro »