Business Financial News

28.12 / 12:39

business regulation FTX Court Customers FTX customers file class-action lawsuit to get priority reparations

While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the company for its customers, not investors.

28.12 / 12:39

business Mining Argo Blockchain sells top mining facility to Galaxy Digital for $65M

Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market.

28.12 / 08:47

business Kraken Time Kraken quits Japan for second time blaming a ‘weak crypto market’

Global cryptocurrency exchange Kraken has decided to pull its operations in Japan for the second time, citing a strain on its resources amid a “weak crypto market.”

28.12 / 07:21

business Court Bankruptcy shares SBF borrowed $546M from Alameda to fund Robinhood share purchase

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares.

28.12 / 04:05

business Police Court Maybe it WAS illegal: Mango Markets exploiter arrested on fraud charges

The crypto trader behind the $110 million exploit of decentralized exchange Mango Markets has been arrested in Puerto Rico — and charged with market manipulation and fraud.

28.12 / 00:39

business Bitcoin Mark Cuban to Bill Maher: ‘If you have gold, you’re dumb as fuck... Just get Bitcoin’

Arguments over whether gold or Bitcoin (BTC) is a better store of value continue to occur across the cryptocurrency space and in traditional investment circles.

27.12 / 23:05

business Bitcoin Bitcoin Price Argo blockchain suspends trading on NASDAQ due to upcoming announcement

Bitcoin mining firm Argo blockchain has suspended trading of its American depositary shares (ADS) on NASDAQ, according to a Dec. 27 press release. The company says that it needed to suspend trading because of an announcement that will come on Wednesday morning and because the London Stock Exchange is closed on Tuesday. Argo says that it expects shares to resume NASDAQ trading on Wednesday.

27.12 / 22:35

business Blockchain regulation Department Exploit U.S. Department of Justice probing $372M FTX exploit - Report

According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On Nov. 12, amidst bankruptcy and internal collapse, FTX warned customers of abnormal wallet activity regarding at least 228,523 Ether (ETH) transferred out of the exchange from an unknown perpetrator.

27.12 / 14:33

business regulation SEC Central Bank Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse

After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges.

27.12 / 14:21

business OTC Crypto OTC trading to get traction due to FTX fiasco, exec says

Before the rise of centralized exchanges (CEXs), over-the-counter (OTC) trading was the go-to method to buy or sell cryptocurrency for many crypto investors. The FTX collapse could trigger a bigger demand for crypto OTC services as investors are looking for alternative methods to convert from and to fiat due to weaker trust in CEXs.

27.12 / 10:09

business Blockchain Adoption Bitcoin Price NOT Bitcoin ASIC miner prices hovering at lows not seen in years

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market.

27.12 / 08:59

business Twitter The New York Times Fried Community slams NYT for its latest 'sympathy piece' on FTX's Bankman-Fried

The online community including some cryptocurrency figures has condemned the latest so-called “sympathy” articles from The New York Times — written about FTX founder Sam Bankman-Fried.

27.12 / 08:59

business Court Podcast Prison SBF gets prison advice: Shave head, deepen voice and listen to rap

FTX founder Sam Bankman-Fried has been given some free advice on surviving federal prison by former white collar criminal Martin Shkreli, also known as “Pharma Bro.”

27.12 / 07:07

business Blockchain Ethereum Adoption DeGods and Y00ts NFTs are bridging off Solana. Here's why

Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption.

27.12 / 04:57

business Payments wallet Metaverse services Financial Fidelity plans NFT marketplace and financial services in the Metaverse

$4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.

27.12 / 01:37

business Blockchain Technology Investments network Near Project’s Octopus Network lays off 40% of its staff amid crypto winter

Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions.

27.12 / 00:48

business Krampus is coming to the crypto space this holiday season

’Twas the weeks before Christmas on a island far away,

26.12 / 20:57

business FTX Celsius Sky Mavis collapses 7 biggest crypto collapses of 2022 the industry would like to forget

2022 has been a bumpy year for the cryptocurrency market, with one of the worst bear markets on record and the downfall of some major platforms within the space. The global economy is beginning to feel the consequences of the pandemic, and clearly, this has had an influence on the crypto industry.

26.12 / 20:57

business Blockchain Altcoin expansion Andre Cronje says Fantom will focus on DApp ecosystem expansion in 2023

In a new Medium post published on Dec. 26, decentralized finance architect Andre Cronje reaffirmed the goals and priorities for the Fantom ecosystem in 2023. Cronje, who previously created protocols such as Yearn.finance and Keep3rV1, also revealed that he accepted a position as a board member for both Fantom Foundation Ltd and Fantom Operations Ltd, which oversee the namesake directed acrylic graph ecosystem.

26.12 / 17:09

business Cybersecurity Bitcoin reports Bitcoin mining pool BTC.com reports $3M cyberattack

Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers.

26.12 / 07:51

business Ethereum Bitcoin 500 North Korean hackers stealing NFTs using nearly 500 phishing domains

Hackers linked to North Korea’s Lazarus Group are reportedly behind a massive phishing campaign targeting non-fungible token (NFT) investors — utilizing nearly 500 phishing domains to dupe victims.

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