Crypto news

The regulator is pursuing a cease and desist order against FTX, Administrative Fines, and a refund of the assets received from investors amongst other demands.In an ongoing effort to uncover the mishaps that befell the FTX empire, the Texas State Securities Board (TSSB) has summoned Sam Bankman-Fried to a hearing billed to take place on February 2 next year. The TSSB has reportedly been investigating FTX US since October for allegations bordering on its offering of “Earn” which pays yields to...

Bitcoin turned 14 on Halloween this year. How Far Has Bitcoin Come? Back on October 31, 2008, Satoshi Nakamoto – the pseudonymous creator of the world’s largest and most powerful digital currency by market cap – sent the whitepaper for the new anonymous financial system to emails across the world. In the paper, Nakamoto wrote the following: What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with...

The bill is now set to become law once signed by the President.The long wait is finally over, as the Chamber of Deputies gave a nod of approval to a Brazilian crypto bill seeking to regulate the country’s crypto space. The move follows after the bill remained stuck in the chamber since April when the Senate initially approved it. According to a Reuters report, backing the bill was important to Congress as it will help to keep the crypto industry sanitized.Brazilian Crypto Bill Aims to Protect...

The governor noted that Elon Musk is opening Twitter up for free speech, and Apple wants to take that away from him.New Twitter owner Elon Musk has been attacking iPhone maker Apple (NASDAQ: AAPL) over various issues, including a recent threat from the technology company to remove the bluebird app from the App Store. Over the past week, the billionaire has been making reference to the Twitter-Apple relationship, mentioning the 30% cut of all digital sales made through the apps....

Development and adoption of the crypto space in the past years have prompted the expansion of mechanisms that assess the credibility of virtual tokens.FTSE Russel, the firm that launched the London Stock Exchange‘s measure FTSE 100 equity index, has revealed a bunch of standards for the crypto asset market.The FTSE Global Digital Asset Index Series includes eight gauges from large and mid-cap assets to micro-cap. According to a statement from FTSE Russel, the indices, built with Digital Asset...

A market analyst has spotted a pattern in the fund transfers made by the FTX hacker to OKX. The crypto exchange said that it is investigating into the matter.On Tuesday, November 29, the FTX hacker who drained $450 million worth of assets from the exchange, moved some of his assets to the crypto exchange OKX in an attempt to launder money. The FTX hacker has been constantly shuffling funds from one digital asset to other.Initially, the hacker converted all the stoled stablecoins into Ether...

In the latest announcement on France and Luxembourg collaborating on the Venus project, it was revealed that both institutions are proposing cross-border settlements.The Central Bank of France and the central bank of Luxembourg have partnered to roll out the “Venus Initiative”, which allows them to use an experiential CBDC for a 100 million euros bond. Worth $104 million, the bond is the latest means employed in a series of trials in tokenized financial markets. Apart from France and...

Tron price started a downside correction from the $0.0650 level against the US Dollar. TRX price is now trading above $0.0500 and near the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.0535 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.055 resistance zone. TRON price started a fresh increase above $0.050 against the US Dollar, similar bitcoin. TRX price could rise further if it clears...

Bitcoin price started a recovery wave from the $15,500 support against the US Dollar. The price is now trading above $16,500 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $16,480 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further, but upsides might be limited above the $18,500 resistance zone. Bitcoin price is recovering above $16,500 against the US Dollar. BTC might...

Two robbers reportedly deceived an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones, and documents from them. The Criminal Court sent the wrongdoers to jail for three years and ordered their deportation once going out of prison. Crime in Dubai According to a recent coverage, the assault happened last July in the Mankhool area of ​​Dubai. Back then, an undisclosed individual and his friend decided to invest in bitcoin and found a...