Crypto news

Negative press surrounding bankrupt crypto exchange FTX has inspired the Democratic Senate Majority PAC to return $3 million in political donations from the company’s executives.  Those donations include $2 million from FTX’s ex-head of engineering, Nishad Singh, and $1 million from disgraced former boss Sam Bankman-Fried (SBF).  Returning Tainted Money As reported by CNBC, a spokesperson for the PAC said the PAC decided to return the funds following “serious allegations...

Coinbase founder and CEO Brian Armstrong, for one, believes that ideal crypto regulations should start with centralized actors since most of the damage to the consumers has been done by these entities. In a recently released “realistic blueprint,” Armstrong highlighted the need to pursue legislation early instead of waiting for something comprehensive and perfect. Regulations should initially focus on centralized actors in crypto, such as – stablecoin issuers, exchanges, and...

Bitcoin’s price continues to consolidate in a tight range, as it failed to break a significant resistance level to the upside a few days ago. However, from a technical analysis standpoint, the time for a decisive breakout is near. Technical Analysis By: Edris The Daily Chart On the daily chart, the price is still consolidating in a large falling wedge pattern. These are commonly known as potential bullish reversal patterns in a bear market, provided they get broken to the...

U.S. Congressman Tom Emmer doesn’t believe that the arrest of FTX founder Sam Bankman-Fried (SBF) – which allowed him to miss a scheduled congressional hearing on December 13 – was purely due to good fortune.  Rather, the politician suspects that the arrest was “purposeful,” due to Bankman-Fried’s various connections and information.  Centralized Failure Speaking with Nicholas Carter during the On the Brink podcast published on Tuesday, Emmer stressed that FTX’s failure was a...

Buenos Aires, Argentina, December 20, 2022–BC.GAME, AFA’s official crypto casino sponsor, is celebrating Messi and Argentina’s legendary win with a huge lottery event. Up to $100,000 is up for grabs for the crypto casino’s VIP players. More information about the event will be disclosed to qualified players through email and platform notifications. Argentina Wins Over France On a night full of anticipation and heart-pounding moments, Argentina takes home the championship...

Other than PayPal’s launch of the MetaMask integration, which is positive news for Ethereum, recent news about the world’s largest smart contract blockchain is mostly a yawn. Compared to last year this time, ETH is trading at a 68% discount, highlighting the exacerbated bear market of late. But it’s also worth outlining that it was the cryptocurrency market’s most boisterous bubble with its most catastrophic collapse, knocking out one crypto business and altcoin after another...

Not long ago, Live Bitcoin News reported that the FTX Arena for the Miami Heat was going to change its name following the collapse of FTX, the now disgraced cryptocurrency exchange based in the Bahamas. The company wanted nothing to do with the firm’s rotten legacy, and now Cal – aka the California Memorial Stadium/ FTX Field – is looking to do the same. Cal Doesn’t Like the Letters FTX Anymore Cal has stated that what happened with FTX is wrong and it wants no part in...

Press Release: 1xBit Casino celebrates the festive season with The Xmas Toy Adventure, with great Bitcoin prizes & many chances to get lucky over Christmas. December 20 2022, Limassol, Cyprus — The holiday season is finally here, and it’s the most beautiful time of the year. It’s time to show your loved ones how much you care for them and what they mean to you. But Christmas is also about festive meals, giving and receiving presents, and spending time doing what you...

FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer – Mark Karpelès – was arrested in 2015 and was later acquitted on several charges four years later. While admitting that Karpelès did a “bunch of horrible...

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