Crypto Biz: Contagion engulfs Bitcoin miners as bear market continues
With the BTC price plunging more than 76% peak-to-trough, miners are struggling to keep their operations running. Go to Source Powered by WPeMatico
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Report: Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked
According to a recent report, the cryptocurrency exchange Gemini suffered from a breach of data and reportedly 5.7 million emails were leaked. While Gemini has stated “some Gemini customers have recently been the target of phishing campaigns,” the exchange insisted that “no Gemini account information or systems were impacted.” Gemini Suffers From ‘Third Party’ Associated … Read more
SBF misses the Senate hearing but promises to testify to the House: Law Decoded
Sam Bankman-Fried is willing to testify before the Financial Services Committee of the U.S. House of Representatives on Dec. 13. Go to Source Powered by WPeMatico
New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed
Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies believe the public should be made aware of the creditors’ information, as the publications … Read more
Just 8% of Americans have a positive view of crypto: CNBC survey
CNBC’s All-America Economic Survey was conducted towards the end of November, just a few weeks after the collapse of crypto exchange FTX. Go to Source Powered by WPeMatico
Court sets new deadline for Celsius restructuring plan
Celsius halted withdrawals on the platform on Jun. 13 and filed for bankruptcy a month later on Jul. 14. Go to Source Powered by WPeMatico
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is. Go to Source Powered by WPeMatico
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has … Read more
Three Arrow’s Su Zhu reveals latest attempts at a comeback post-FTX
The fall of FTX appears to have brought back certain crypto “villains” out from hiding, one even wants to start a new podcast series. Go to Source Powered by WPeMatico
Core Scientific in ‘substantial doubt’ of continuing without more cash
The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments. Go to Source Powered by WPeMatico