Sam Bankman-Fried Could Go to Prison for a Very, Very Long Time

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Here’s the thing: It seems impossible that FTX could have afforded those investments, along with its other vast expenditures, simply from three years of exchange revenue and its...

Crypto Bank Signature Suffers Another Analyst Downgrade, Shares Fall

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Raymond James says it remains bullish on the firm’s long-term prospects to deliver higher loan growth, operating efficiency and credit metrics, but says the bank’s plan to diversify...

The UK Payment Systems Regulator Is Firming Up Its Approach to Regulating Crypto

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The Payment Systems Regulator will be looking at what happens if a crypto payment system goes wrong and the measures needed to protect consumers against fraud, Nick Davey,...

Crypto Exchange Binance.US Eliminates Trading Fees for Ether

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Binance.US is getting rid of trading fees for ether (ETH), the company announced on Tuesday, expanding its zero-free program beyond just bitcoin (BTC). Free trading will apply to...

Attacker Targets Wealthy Crypto Funds Using Telegram Chats

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Exchange owners cautioned against downloads of malicious as attackers zeroed in on gullible users with a very relevant and specific narrative. Source link

Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency

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The crypto storage provider has rolled out a new service designed to protect clients' digital assets from insolvency of crypto exchanges. Source link

DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX

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“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our...

DeFi Protocol Sushi Proposes 'Immediate' Action to Support Its Treasury

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Developers proposed to divert 100% of fees generated on the platform to SushiSwap’s multisig for one year or until new tokenomics are implemented. Source link

US Lawmakers Want State Department to Disclose Crypto Rewards

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The State Department will have to report on payments it makes in crypto and their effects, according to a draft of the NDAA. Source link

UK Financial Regulator Seeks Comments on Ad Approval Process That Covers Crypto

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The FCA is consulting on whether a company that wants to be allowed to approve promotions should be checked for having “adequate systems, controls and processes in place”...

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Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability

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​​At these “depressed profitability levels, even miners using energy-efficient machines like the Antminer S19j Pro need access to electricity priced lower than $0.08...

Sam Bankman-Fried's Self-Incrimination Tour

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Sam Bankman-Fried's Self-Incrimination Tour Source link

Bitcoin Hashrate Continues Sharp Plunge As Miners Give Up

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Data shows the Bitcoin mining hashrate has continued its sharp plunge in the past week, as miners give up due to low revenues. Bitcoin...

Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in...

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Alameda Research bore the brunt of a $1 billion loss incurred by its sister firm FTX after a leveraged trade on the now...