Untitled

SBF lashes on CZ regarding the CEO’s remarks about him

Bankman-Fried said on Twitter after CZ referred to him as a “fraudster” in an earlier post, “You won. There’s no need to lie.” The specifics of a failed purchase last month were disputed by Sam Bankman-Fried, the former head of FTX, and Changpeng ‘CZ’ Zhao, the CEO of Binance. The two were engaged in a verbal spat on social media over a bungled acquisition last month. SBF’s remarks lead back to…

Top Cardano-powered DEX MinSwap saw front-running exploit

Minswap investigates a front-running attack on its platform after a user called their attention to a suspicious transaction.  Minswap, one of Cardano’s foremost multi-pool decentralized exchanges, experienced a front-running attack yesterday, Dec.8. The attack was first discovered by a Twitter user CryptoVincenzio when he noticed that an account was frontrunning orders and taking profits: Hey…

CZ and SBF duke it out on Twitter over failed FTX/Binance deal

Binance CEO Changpeng Zhao, or CZ, and former FTX CEO Sam Bankman-Fried, or SBF, have revealed new details about the failed agreement between the exchanges during FTX’s liquidity crisis in November.  In a Dec. 9 Twitter thread, CZ referred to Bankman-Fried as a “fraudster,” saying Binance exited its position in FTX in July 2021 after becoming “increasingly uncomfortable with Alameda/SBF.”…

Bybit unveils stricter limits for users without KYC

Bybit, ranked as the 10th largest centralized crypto exchange in the world, announced stricter KYC policies and new limits for users who trade without passing it. In a recent press release, Bybit Fintech Limited, situated in the British Virgin Islands, revealed that clients who did not pass the know-your-customer (KYC) policy will not be able to use some of its services. For instance, fiat…

BTC price tests $17K on PPI as Bitcoin analysts eye CPI, FOMC catalysts

Bitcoin (BTC) fell on the Dec. 9 Wall Street open as United States economic data appeared to disappoint markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Attention turns to Bitcoin vs. CPI “big trigger” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to come closer to $17,000 after passing the level overnight. The pair reacted badly to U.S. Producer…

NFTs, Nonprofits and Longevity Intersect at Art Basel Miami

Just as Art Basel has expanded beyond its initial gallery showcases in Switzerland, where the international art fair was conceived, the pursuit of longer and more fulfilling lives has grown from the subject of science fiction novels to real, viable science. Now the evolution of art is being leveraged as the Longevity Science Foundation’s partnership with Triptych and digital artist Nikita…

Sam Bankman-Fried will testify on December 13

Sam Bankman-Fried has just stated that he is ready to appear before the U.S. House Committee on Financial Services but will have very little to say. The former CEO of FTX has shown his intention to appear before American authorities amid queries on whether he would testify on December 13. In a string of tweets in response to a post from Congresswoman Maxine Waters, he recognized that a lack of…

Amber Group Slows Down Expansion Plans on Bear Market Worries (Report)

Amber Group reportedly raised just half of its $100 million funding round and halted its global expansion efforts due to the ongoing bear market. The company recently laid off a portion of its staff after previously admitting it has been an “active trading participant” on the bankrupt crypto exchange FTX. Change of Plans Amber Group raised hopes at the beginning of 2022 that it will manage to…

UK pushes crypto efforts forward through financial services reforms

The United Kingdom’s Chancellor of the Exchequer Jeremy Hunt laid out a number of reforms aiming to “drive growth and competitiveness” to the country’s financial services sector including efforts that support the crypto space. In an announcement, the U.K. government highlighted that it will create a smarter regulatory framework for the country that it describes as “agile, less costly and more…

OpenSea reconsiders NFT royalties in response to creators’ criticism

OpenSea postpones its royalty policy enforcement until January 2023 amid the community backlash. OpenSea has announced that it will move the royalties policy enforcement date to January 2, 2023. The platform will now impose creator’s royalties for new projects released on or after November 8. In a recent Twitter thread, the NFT marketplace wrote: 15/ We heard the feedback loud and clear that…

What is stagflation, and how could it impact the cryptocurrency markets?

Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional markets behave during inflation or stagflation and why. Stagflation is naturally bad…

Amber Group ditches expansion plans after denying insolvency: Report

Cryptocurrency trading firm Amber Group is putting its expansion plans on hold despite the FTX contagion having “no disruption” to its daily operations, according to a senior executive. Amber has scrapped plans to expand in Europe and the United States as a consequence of exposure to the now-defunct exchange FTX and will focus on institutional clients in Asia, according to managing partner…

What Final Qtr Of 2022 Has In Store For YFI Price

Yearn Finance (YFI) has performed relatively well over the last 30 days, painting its charts in green despite the lingering uncertainty in the crypto market. According to information from Coingecko, at press time, the ERC20 governance token built on the Ethereum blockchain is changing hands at $7,087, going up by 5.7% during the past week and tallying an impressive 15.7% jump on its bi-weekly…

Mastercard Chief Sees Crypto Market ‘Resetting’ After Crypto Exchange’s Collapse

FTX, the collapsed cryptocurrency exchange platform founded by Sam Bankman-Fried (SBF), may have done more than just wipe the entire crypto market with billions worth of capitalization in just a matter of few days. In the wake of one of the worst and most bemusing digital currency-related company implosions to date, Mastercard’s Grace Berkery is convinced that something good came out of the…

SBF ‘willing’ to testify at Senate hearing on the FTX collapse

Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States Senate hearing into the collapse of cryptocurrency exchange FTX. Bankman-Fried controversially missed the deadline to respond to a Senate Banking Committee request to appear and testify during a hearing focused on FTX’s bankruptcy earlier this week. While the possibility of a congressional subpoena was…

UK announces tax break for crypto investors and new regulatory sandbox

In a recent move to become a hotbed for innovative technologies, the UK announces a tax break for crypto investors and a new regulatory sandbox for financial technologies. The government of the UK has confirmed its plans to include crypto investors in the existing Investment Manager Exemption. This tax rule allows overseas investors, including hedge funds, not to pay taxes in the country. The…

Ethereum Metrics Reveal Bulls Vs. Bears Battle, Who’s Winning?

Ethereum (ETH) has failed to rise above key resistance at $1,300 despite rising around 4% over the past 24 hours. At press time, the second largest cryptocurrency by market cap was trading at $1,289. As the trading volume shows, the bulls and bears have woken up again. In the last 24 hours, the trading volume was $6.4 billion, which is about 31% higher than the previous day. ETH price, 4-hour…