Crypto news

Crypto exchange Bullish has called off the planned merger worth $9 billion with Far Peak Acquisition Corp. According to an official statement, the two entities have mutually agreed to terminate their proposed business combination. Far Peak is led by Thomas Farley, a former president of the New York Stock Exchange. Terminated Merger Bullish is audited by Deloitte and recently assured that it has no exposure to FTX or related entities. The Gibraltar-based exchange, which is...

Sam Bankman-Fried’s bankrupt cryptocurrency exchange FTX is seeking help from a United States Bankruptcy Court to gain control of $450 million worth of Robinhood shares. The portfolio holds 56 million brokerage shares owned by Emergent Fidelity Technologies, a corporate entity incorporated in Antigua and Barbuda. In March, these shares represented a 7.6% stake in Robinhood and were acquired by FTX’s founder and former CEO, Sam Bankman-Fried (SBF). FTX in Court Battle Over...

Cryptocurrency exchange OKX released its second Proof of Reserves (PoR) on its website on December 22nd. The new report would enable users to view and self-verify the results of two PoRs with the help of open-source tools, the company said in an official statement. OKX also promised to publish the PoR report every month. OKX’s Proof-of-Reserves The report shows that OKX’s wallets held 113,754 BTC against a user balance of 112,192 BTC as of December 20th, 14:00 UTC. It has a...

Popular digital currency exchange Crypto.com is in hot water after it allegedly sent a lot of digital money to the wrong account. Crypto.com Sent Money to the Wrong Area At the time of writing, Crypto.com is purported to have sent as much as $400 million in Ethereum funds to a wallet stationed on the platform of its competitor and rival Gate.io. CEO Kris Marszalek took to social media to express his remorse over the situation and explain things to potential investors. He...

Ethereum’s price has dropped below a significant resistance zone where the 100-day and 50-day moving averages and a recently formed channel’s middle boundary had a stronger confluence. Therefore, a possible uptrend will be possible only if the price exceeds this range. Oppositely, a rejection might trigger another bearish leg. Technical Analysis By Shayan The Daily Chart Ethereum’s price has been moving inside a descending price channel for six months. Most recently, the...

Quite a lot has been going on in the cryptocurrency industry over the past seven days, but most of it failed to impact the price action,Week’s remains rather dull. Can’toin is trading below $17K, down about 2.9% in the past seven dParents’ble to recover the coveted level. The volatility has seemingly disappeared from the market, but that’s not necessarily truparents’e altcoins. All of them are trading in the red, with the most considerable loss being that of Cardano which...

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Hackers from the sanctioned nation of Iran have allegedly hacked several servers of the United States government as a means of installing software to mine digital currencies. These hackers also allegedly sought to steal various network passwords and compromise the nation’s systems. Iran May Have Compromised the U.S. It is believed that hacking attempts by Iran may have started back in February of this year. This means that U.S. networks have been in danger for ten...

The US Personal Consumption Expenditures price index (PCE) increased by 0.1% in November compared to October and by 4.7% compared to a year ago. As the world’s most powerful economy made the announcement, BTC reacted with minor price volatility. The US Commerce Department outlined the PCE increase on Friday. The metric is typically the go-to point for the Federal Reserve, as it provides a clearer picture of consumer prices. The 5.5% jump in the Core PCE (which includes food...