Seeking Bitcoin alpha: How I learned crypto day trading
Hoping to strike crypto riches, Joel Stein follows the footsteps of a master degen investor. Here are the secrets revealed to him.
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Sam Bankman-Fried says ‘moderately bad’ deals OK during bailouts
Prioritizing customers getting back their deposits means it is OK to do a “moderately bad” deal when rescuing troubled cryptocurrency companies, FTX founder and CEO Sam Bankman-Fried said on Tuesday. See related article: What Sam Bankman-Fried thinks will happen with NFTs and crypto exchanges in 2022 Fast facts Speaking at the Bloomberg Crypto Summit, Bankman-Fried,…
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US Justice Dept. seizes US$500K from North Korea-backed hackers
The U.S. Justice Department seized about US$500,000 from North Korea-backed hackers using ransomware, Deputy Attorney General Lisa Monaco announced on Tuesday. See related article: US Treasury says prioritize sanctioning North Korea for crypto hacking Fast facts Hackers demanded Bitcoin ransom from Kansas and Colorado medical providers that were attacked by a never-before-seen ransomware strain called…
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US crypto bill may not pass the Senate this year, Lummis says
The U.S. Senate is unlikely to vote on the bipartisan cryptocurrency bill this year, Republican Senator Cynthia Lummis said Tuesday at the Bloomberg Crypto Summit. See related article: US crypto bill leaves ‘open question’ on securities: Tessler Fast facts “It’s a big topic, it’s comprehensive, and it’s still new to many U.S. senators,” Lummis said…
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Five-member credit committee established to liquidate Three Arrows Capital
A creditors committee to liquidate the bankrupt, Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) was established at a meeting on Monday and comprised Digital Currency Group, Voyager, CoinList, Blockchain.com, and Matrixport, according to a document published the same day on the Three Arrows bankruptcy website. See related article: 3AC crypto contagion spreads to Blockchain.com:…
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More than half of Bitcoin investors in SE Asia use the crypto to preserve wealth: report
According to a report by AAX crypto exchange and Forrester Consulting, 51% of Bitcoin owners in Southeast Asia used it to save money and preserve their wealth. See related article: Crypto trading volumes dip to 18-month low amid bear market Fast facts Some 47% of Bitcoin users in Southeast Asia sought a profit while 44%…
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Ethereum price breaks US$1,600, Ethereum Classic surges 22%
Ethereum (ETH) hit a high of US$1,610 on Tuesday morning in Asia, before retracing to trade at US$1,521 at press time, according to data from CoinMarketCap. See related article: Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace Fast facts The world’s second-largest cryptocurrency by market capitalization was up…
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India’s crypto industry plans new liaison group
The Indian cryptocurrency industry is looking to create an independent association to liaison with the government on policies and highlight issues with relevant stakeholders. See related article: India’s latest tax assault on crypto exchanges starts Friday Fast facts Key stakeholders have engaged in preliminary talks but the association’s establishment is not expected to be immediate,…