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Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy
14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...
CFTC Sues Former CEO of Crypto Lender Voyager for Fraud
14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...
Voyager Digital was ‘no better than a house of cards’ — CFTC commissioner
13.10.2023
CFTC Commissioner Kristin Johnson’s comments came after separate lawsuits from the CFTC and FTC were filed against Voyager and its former CEO Stephen Ehrlich
US Grocery Chain Trader Joe’s Sues Decentralized Exchange Trader Joe for Trademark Infringement
13.10.2023
Grocery chain Trader Joe’s filed a lawsuit this month against the decentralized exchange (dex) platform Trader Joe for trademark infringement. The suit, filed in federal court in Los Angeles, alleges that Trader Joe illegally copied the Trader Joe’s brand name and seeks to bar the exchange from...
Voyager Ex-CEO Charged by U.S. Regulators With Fraud, Making False Claims
12.10.2023
U.S. regulators have targeted former Voyager Digital CEO Stephen Ehrlich with lawsuits claiming he engaged in fraud and deliberately misrepresented his customers’ government protections
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Bitcoin’s 300% Surge From Early 2019 in Focus As Fed Officials Favor Rate Pause
12.10.2023
The 2019 playbook offers a bullish view for bitcoin as Fed officials signal pause in the rate hike cycle
Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments
12.10.2023
A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation....
Read More: Federal Judge Orders Mediation for BlockFi and Three Arrows...
The economy is surging — which means it might be time to start buying Bitcoin
11.10.2023
The economy is refusing to go down. If the trend continues, cryptocurrency prices are going to start rising — especially with Bitcoin's halving
Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes
10.10.2023
BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit
10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...
Prosecutors Seek to Exclude AI Startup Anthropic’s Valuation From Bankman-Fried Trial
9.10.2023
Amidst widespread media coverage highlighting Anthropic, the startup behind the generative artificial intelligence (AI) chatbot Claude and its pending multi-billion-dollar infusion, federal prosecutors overseeing the Sam Bankman-Fried case are pushing to sideline this subject during the trial....
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
6.10.2023
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery
DOJ Eyes Seizure of Ex-FTX Chief’s Two Luxury Jets in Ongoing Criminal Probe
5.10.2023
In the ongoing criminal case against Sam Bankman-Fried, federal prosecutors have unveiled a forfeiture bill, indicating the Department of Justice’s (DOJ) intent to commandeer two luxury jets belonging to the ex-FTX chief. Specifically, the DOJ has its sights set on a Bombardier Global 5000...
Bitcoin still beating US dollar versus 'eggflation' — Fed data
5.10.2023
Bitcoin is an unlikely choice for egg purchasing, but the amount needed per dozen speaks for itself
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
3.10.2023
An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
2.10.2023
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal
BTC price hits 'Uptober' up 5% — 5 things to know in Bitcoin this week
2.10.2023
BTC price starts the celebrated month of "Uptober" with a trip past $28,000, but the question on everyone's lips is whether Bitcoin can hold its ground