The U.S. Department of Justice (DOJ) is gunning to put Sam Bankman-Fried, the ex-CEO of the now-defunct crypto exchange FTX, behind bars before his trial. In a letter to Judge Lewis A. Kaplan of the Southern District of New York’s federal court, the DOJ laid out its case, accusing Bankman-Fried of witness tampering and leaking…
Bitcoin, the heavyweight champ of crypto by market cap, has been on a three-day skid, dipping 2% in the last 24 hours to trade at $27,575 as of now, May 9, 2023. The slide kicked off on May 6 when BTC was lounging around $29,700, dragging its market cap down from $575 billion to $533…
In a wild twist straight out of a cyber-thriller, an unnamed Bitcoin user reportedly cracked into hundreds of wallets tied to Russian security services, snatching coins and funnelling them to Ukrainian volunteers amid the ongoing war. According to a now-vanished Chainalysis report, this shadowy figure hit nearly 1,000 Bitcoin addresses between February 12 and March…
CoinLoan, a European crypto-lending platform that’s been running under Estonia’s Financial Authority since 2017, has slammed the brakes on all operations following a stern court notice. Estonian regulators dropped a bombshell, banning CoinLoan from touching any assets without explicit go-ahead from an appointed liquidator, Martin Yen, who’s now stepping in as interim administrator. The order,…
Bitcoin’s back above $30,000 for the first time since June 10, 2022, fueled by calmer banking waters, a brighter investor mood, and whispers of a Fed policy pivot. The world’s top crypto by market cap surged over 8% on April 11, 2023, peaking at $30,399 before settling at $30,079 as of this writing—an 80% year-to-date…
Crypto exchange OKX made headlines today, announcing it’s handing over roughly $157 million in frozen assets tied to the collapsed FTX and its sister firm, Alameda Research, to help FTX’s debtors. The move came in a March 29 press release responding to a motion filed in FTX’s ongoing bankruptcy proceedings. Back in November 2022, as…
Bitcoin’s hitting new heights, soaring to $28,000 on March 20, 2023—a peak not seen since June 2022—right as the banking world wobbles. The crypto king’s not just riding high; it’s snagged the top spot on Goldman Sachs’ list of best-performing investment assets this year, a nod to its wild run amid a crumbling financial scene….
Bitcoin’s back in the game, hitting $26,089 in early morning trading on March 17, 2023—just a whisker shy of its yearly peak. After a wild ride sparked by the collapse of two crypto-friendly banks, Silicon Valley Bank (SVB) and Silvergate Bank, BTC’s up 5.7% in the last 24 hours, shrugging off the gloom with a…
Bitcoin’s heating up again, climbing to $26,000 on March 17, 2023, as investors swarm in amid what feels like a recovery vibe. On-chain data’s flashing green—Glassnode’s latest shoutout shows Bitcoin addresses holding at least 0.01 BTC hitting an all-time high of 11.66 million. That’s not all: the total BTC address count’s ballooned to 45.14 million,…
Dan Morehead, the head honcho at Pantera Capital—a crypto investment powerhouse with over $4 billion in assets—says 2023’s the year to shake off the gloom and rebuild trust in web3. In their latest report, “The Seventh Bull Cycle,” the firm’s calling it: the bear market’s toast, and Bitcoin’s kicking off its seventh bull run. Morehead’s…