Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit
Sam Bankman-Fried was speaking at the New York Times’ DealBook Summit live on Nov. 30. Go to Source Powered by WPeMatico
Month: November 2022
Huobi, Poloniex announced strategic partnership despite initial denials of a merger
The exchanges will cooperate progressively in HT coin development, liquidity sharing and global compliance, plus Huobi will monitor Poloniex for new projects to list. Go to Source Powered by WPeMatico
Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse
The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable. Go to Source Powered by WPeMatico
Market maker Keyrock closes $72 million in Series B funding round
Investors in the round included Ripple, SIX Fintech Ventures, and Middlegame Ventures. Go to Source Powered by WPeMatico
Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in Washington. The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30. Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback … Read more
US CFTC commissioner calls for new category to protect small investors from crypto
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to. Go to Source Powered by WPeMatico
Coinbase clarifies bug bounty policy in response to Uber extortion verdict
The policy clarification stated that participants cannot make threats, use extortion, or access customer data beyond what is accidental or occurs in good faith. Go to Source Powered by WPeMatico
Two Bored Apes sell for $1M each: Nifty Newsletter, Nov. 23–29
At the height of the bear market, two NFT collectors have paid almost $1 million to purchase Bored Ape NFTs. Go to Source Powered by WPeMatico
FTX proves MiCA should be passed fast, officials tell European Parliament committee
In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in Europe, and suggest a way forward. Go to Source Powered by WPeMatico
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for electricity pay roughly $0.12 per kilowatt hour (kWh), only three application-specific integrated circuit (ASIC) … Read more
