Blockchain Financial News

02.01 / 05:11

Blockchain Scams Reddit community New year community advice: Check your smart contract approvals

On the back of the worst year for crypto hacks and exploits, the crypto community has given some advice to newbie investors going into 2023 — check your smart contract approvals and revoke access regularly.

31.12 / 16:23

Blockchain Tether FTX Bitcoin Winners and losers of 2022: A disastrous year that saw few winners among a sea of losers

2022 was supposed to be the year crypto went mainstream, with a significant chunk of traditional venture capital firms betting heavily on the ecosystem in 2021. However, with one disaster after another, 2022 turned out to be a catastrophic year for the nascent crypto ecosystem. Some of the biggest names touted as pivotal to taking the crypto ecosystem forward turned out to be the orchestrators of its worst year in recent memory.

31.12 / 07:11

Blockchain Provident regulation reserves NOT Proof of reserves is becoming more effective, but not all its challenges are technical

Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After a flurry of discussion and work, criteria and rankings for adequate PoR are beginning to appear, but the fine points of how to conduct proof of reserves, or even who should do it, remain open questions.

31.12 / 01:03

business Blockchain Technology Investments Executive Bithumb’s largest shareholder executive found dead following allegations of embezzlement

Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30.

31.12 / 01:03

business Blockchain Technology Investments Fried Sam Sam Bankman-Fried denies moving funds from Alameda wallets

Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond.

30.12 / 18:45

Blockchain Provident Platform Mobile C+ Charge Is Disrupting the EV Charging Industry With Carbon Credit Rewards - Here's How to Invest in the Presale

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com

30.12 / 17:27

Blockchain NFT play-to-earn Blockchain Game Crypto Unicorns founder: P2E gaming is in a long ‘maturation phase’

As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented.

30.12 / 16:55

Blockchain CEO Enterprise Future Future of layer-1 protocols: The tectonic shifts

Web3 has become an abused industry term over the past two years. Many centralized players classified themselves as Web3 and rode the euphoria and narrative around the buzzword. 2021 saw an unprecedented change with macroeconomic headwinds, geopolitical risks, hacks on DeFi, the blow-up of Terra and one of the biggest frauds committed by FTX — all creating headwinds for price action and beginning the great cleansing event for the industry loosely called Web3.

30.12 / 15:27

business Blockchain FTX Celsius Investors seek to sell FTX, Celsius, BlockFi, Voyager claims

Instead of waiting for a lengthy bankruptcy process, some investors, who have claims on FTX exchange, Celsius Network, BlockFi and Voyager Digital, are looking to pass on their claims to others.

30.12 / 14:05

Blockchain Law Ethereum SEC bail FTX founder reportedly cashes out $684K after being released on bail

FTX founder Sam Bankman-Fried is reportedly cashing out large amounts of cryptocurrency soon after being released on bail, on-chain data suggests.

30.12 / 13:41

Blockchain NFT Platform Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat.

30.12 / 11:59

Blockchain Kraken BitMEX Bitcoin reserves Nic Carter dives into proof-of-reserves, ranks exchange attestations

Bitcoin advocate Nic Carter has released an in-depth analysis of centralized exchange proof-of-reserves and ranked the attestations provided by some of the most prominent crypto trading platforms in the space.

30.12 / 07:31

Blockchain Adoption Central Bank Turkey’s central bank completes first CBDC test with more to come in 2023

The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throughout 2023.

30.12 / 04:51

Blockchain BLOCK Digital Platform network Skylex Network to Launch Mainnet in 2023

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

30.12 / 03:11

Blockchain Hackers hacks Scams The 10 largest crypto hacks and exploits in 2022 saw $2.1B stolen

It's been a turbulent year for the cryptocurrency industry — market prices have taken a huge dip, crypto giants have collapsed and billions have been stolen in crypto exploits and hacks.

30.12 / 00:35

Blockchain Law regulation Court Lawyer Deal Fried Sam Prosecutors unlikely to offer Sam Bankman-Fried a favorable plea deal, says lawyer

Former FTX CEO Sam Bankman-Fried (SBF) may not be able to offset the two counts of wire fraud and six counts of conspiracy he faces with the credits to be received for entering a guilty plea instead of going to trial.

30.12 / 00:13

Blockchain Ethereum Digital Bitcoin Bitcoin Price Prediction – How High Can BTC Go in 2023?

Bitcoin price prediction remains bullish after recovering above the $16,450 level. Bitcoin (BTC) and Ethereum (ETH), the two most valuable cryptocurrencies, have failed to break out of their consolidation phase and are now trading at around $16,000 and $1,100, respectively.

29.12 / 22:23

business Blockchain Investments Customer FTX’s Liquid exchange hopes to return customer assets next year

The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023.

29.12 / 20:47

business Blockchain Technology National Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled "2022 Blockchain Whitepaper." According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.

29.12 / 19:45

business Blockchain Bitcoin Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People's Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million CNY ($18 million) in bribes related to construction programs and illicit promotions.

29.12 / 19:11

Blockchain Analysis data Bitcoin Blockchain analytics unable to prevent FTX-level illicit schemes

Data transparency has been a focal point for the cryptocurrency industry, but the FTX fiasco has shown that centralized exchanges (CEXs) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to help prevent collapses like that of FTX.

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