Crypto news

Treasury Secretary Janet Yellen – who despite being a renowned economist couldn’t predict that the U.S. was headed for its worst inflationary period in over 40 years – has stated that the fall of the FTX exchange is exactly why the country needs to focus on crypto regulation. Janet Yellen Discusses Crypto Regulation In a recent interview, Yellen mentioned: The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and...

Valuations in the cryptocurrency market have dropped significantly from their all-time highs, with the total market capitalization losing around $2.2 trillion – a decline of around 73%. Many altcoins, including some from the large caps, have lost over 90% of their value since their all-time highs, and industry participants are scrambling to time the bottom. In light of the above, crypto analytics resource Nansen released a report that identifies systematic patterns in crypto...

With the end of the year approaching fast, the primary cryptocurrency continues to remain stuck at familiar ground at just over $17,000, begging the question if that’s about to change anytime soon. Most altcoins are also quite stagnant on a daily scale, aside from OKB, which has jumped by over 5% after the recent OKX proof-of-reserve statement. Bitcoin Boring Below $17K The past week saw a substantial price decline from bitcoin when the asset fell to a three-week low at...

The cryptocurrency market is facing one of its most brutal crypto winters, marked by a sustained drop in digital asset prices and the failure of major crypto companies, as well as high-profile cases of hacks and heists. Nonetheless, a recent report from blockchain data and analytics firm DappRadar suggests that the industry may not be in such a gloomy state, as it has shown remarkable resilience and maturity amid the crypto winter. According to DappRadar’s 2022 Industry...

This year has been tumultuous for the cryptocurrency industry, with major players like Terra, Three Arrows Capital (3AC), and FTX going underwater. As the crypto space struggles to find footing amid the second wave of the crypto winter exacerbated by the latest FTX debacle, digital asset data provider CryptoCompare believes it will take a while for the industry to recover from the impact of the collapse. Crypto Projects to Focus on Survival In its 2022 Year in Review report,...

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection. The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.” 1inch Swap Engine is...

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who manages New York-based venture capital firm Hack VC – were never convinced of the company’s prowess, and they say the company showed serious “red flags” from the start. Alex Pack Says There Were Issues with FTX from the Beginning Pack first met Sam Bankman-Fried, the man behind FTX, roughly four years ago. At the time, Bankman-Fried had not...

Federal judge Ronnie Abrams, who used to oversee the case against Sam Bankman-Fried, Caroline Ellison, and Gary Wang, has formally recused herself. According to an order from December 23rd, Federal judge at the United States District Court for the Southern District of New York has recused herself from the action. The order states: It has come to the Court’s attention that the law firm of Davis Polk & Wardwell LLP, at which my husband is a partner, advised FTX in 2021, as...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

One of the most popular password management tools – LastPass – has recently been compromised, and cryptocurrency users may have been affected. With that in mind, it’s important to take reasonable action. First off, reports of LastPass being compromised started appearing yesterday. Some claim that customer details were leaked in data breaches, and these include contact details, company and customer names, as well as IP addresses. The breaches themselves took place back in...