Bitcoin underperforms stocks, gold for the first time since 2018
Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022. Go to Source Powered by WPeMatico
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FTX customers file class-action lawsuit to get priority reparations
Customer class members don’t want to stand in line along the creditors of a failed crypto platform. Go to Source Powered by WPeMatico
Alameda wallets become active days after SBF bail, community mulls foul play
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing. Go to Source Powered by WPeMatico
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan … Read more
U.S. Department of Justice probing $372M FTX exploit – Report
The current whereabouts of the funds remain unknown. Go to Source Powered by WPeMatico
Top five crypto winners (and losers) of 2022
Bitcoin and Ethereum are not part of the surprising list of five best and worst-performing cryptocurrencies for 2022. Go to Source Powered by WPeMatico
Community slams NYT for its latest ‘sympathy piece’ on FTX’s Bankman-Fried
The article bizarrely contrasts the alleged fraud carried out by Sam Bankman-Fried against gang violence on the Bahamian island of New Providence. Go to Source Powered by WPeMatico
SBF gets prison advice: Shave head, deepen voice and listen to rap
Martin Shkreli outlined that “Sam isn’t exactly gonna be somebody that fits into prison” and that he needs to rebrand himself to fit in and make friends. Go to Source Powered by WPeMatico
Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in the upcoming Union Budget. Indian Crypto Market ‘Dead’ Since April, Says Expert Cryptocurrency trading volumes … Read more
Robocallers have upped their scam game and they’re after your crypto
Sophisticated malicious outfits are keeping up with current trends, turning their sights on crypto users following the bankruptcy of FTX. Go to Source Powered by WPeMatico