Bitcoin News
14 years on, why Bitcoin will survive its growing pains
Like an awkward teen, Bitcoin is facing a crisis of confidence, writes Eddie Hui of MetaComp. What lies in store for the original cryptocurrency in 2023?
Eddie Hui
Forkast
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Most recent
Regulation
Sam Bankman-Fried, FTX misled investors, lent billions to Alameda, Caroline Ellison says
Caroline Ellison, former chief executive of trading firm Alameda Research, told a federal judge last week that she agreed with executives of FTX, including former CEO Sam Bankman-Fried, to mislead lenders and customers on how much Alameda was borrowing from the now-bankrupt exchange.
Timmy Shen
Altcoins
Markets: Bitcoin, Ether little changed; Dogecoin falls
Bitcoin and Ether changed little on Monday morning, along with nearly all other non-stablecoin top 10 cryptocurrencies by market capitalization.
Timmy Shen
Regulation
No change in community banks’ view of crypto after FTX’s collapse, says ICBA’s Brian Laverdure
ICBA vice-president Brian Laverdure believes that community banks are unfazed by FTX’s collapse, but remain split on cryptocurrencies.
Zoltan Vardai
Regulation
Hong Kong arrests two for suspected involvement in digital asset fraud on AAX
Hong Kong’s commercial crime investigation bureau on Friday arrested two local men for suspected involvement in digital asset fraud on Atom Asset Exchange (AAX)
Zoltan Vardai
Altcoins
Markets: Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos
Bitcoin slipped and Ether inched up in Asian trading on Friday afternoon, with Dogecoin leading gains across the top 10 non-stablecoin cryptocurrencies by market capitalization.
Ningwei Qin
Regulation
FTX asks court to keep US$450 mln Robinhood shares frozen
Failed cryptocurrency exchange FTX Trading Ltd. has asked a bankruptcy court to keep US$450 million worth of Robinhood shares frozen, as three parties battle for the true ownership of the assets.
Timmy Shen
Regulation
The last 12 months the year to forget, says India’s WazirX crypto exchange
A lot of the troubles for India exchanges in 2022 will run into next year as they shed staff and run down reserves to stay afloat, and not all are expected to make it.
Pradipta Mukherjee
Regulation
Sam Bankman-Fried home for Christmas after making US$250 million bail in U.S.
Bankman-Fried won an upgrade from his Bahamas prison cell after posting bail following his extradition to the U.S. on Wednesday, where he faces charges for what prosecutors called "fraud of epic proportions."
Dylan Butts
Altcoins
Markets: Bitcoin, Ether prices edge up; Dogecoin rebounds after heavy losses
Bitcoin and Ether traded higher Friday morning in Asia, along with nearly all other non-stablecoin top 10 cryptocurrencies. Dogecoin led the gains with a rise of nearly 4.5%, followed by Cardano and XRP. BNB edged lower.
Timmy Shen
Regulation
Retiring U.S. Senator Pat Toomey introduces bill for regulating stablecoins
U.S. Republican Senator Pat Toomey introduced a bill on Wednesday to set regulations for stablecoins and to further “sensible” regulation of cryptocurrency.
Lachlan Keller
Regulation
SEC, Ripple get extensions to exclude expert testimony in XRP lawsuit
The federal judge in the ongoing lawsuit between the SEC and Ripple has granted a joint motion from all parties to extend the deadline for the Daubert Motions that would exclude certain expert testimonies.
Timmy Shen
Regulation
British Columbia suspends new electricity connections for crypto miners
British Columbia has paused new electricity connection requests from crypto miners for 18 months to support the province’s climate action.
Danny Park
Regulation
U.S. authorities say two FTX, Alameda executives have pleaded guilty to fraud
Caroline Ellison and Gary Wang, two integral members of the Sam Bankman-Fried now collapsed cryptocurrency businesses, are cooperating with prosecutors.
Danny Park
Bitcoin News
Bankrupt miner Core Scientific may sell facilities under development: report
Core Scientific said it may sell some of its mining facilities under development that could be worth up to a gigawatt of power after it filed for bankruptcy protection.
Timmy Shen
Regulation
Ban crypto or brace for the next financial crisis, RBI governor warns
The next financial crisis will come from “private cryptocurrencies” if they are not banned, RBI Governor Shaktikanta Das said at a banking and finance event on Wednesday.
Dylan Butts
Blockchain Security
To unwrap Web3’s promises, we must break the barriers to blockchain adoption
Despite blockchain’s potential, barriers to use still stand in the way, writes Andrew Vranjes of Blockdaemon. Solving security issues and reducing risk will be key.
Andrew Vranjes
Market Analysis
Markets: Bitcoin, Ether continue slide; U.S. equities gain on consumer confidence boost
Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other non-stablecoin top 10 cryptocurrencies. Polkadot led losses with a drop of more than 2%, with Cardano and BNB following close behind.
Lachlan Keller
Bitcoin News
U.S. crypto miner Core Scientific files for Chapter 11 bankruptcy, continues to mine Bitcoin
Core Scientific, one of the largest publicly traded crypto mining firms in the U.S., filed for Chapter 11 bankruptcy protection in the state of Texas on Wednesday.
Zoltan Vardai