Crypto news

The Texas State Securities Board – the region’s securities regulators – is investigating FTX and its boss, Sam Bankman-Fried (SBF), over whether some of its crypto offerings violate state law.  As reported by Bloomberg on Monday, the regulator has taken specific issue with the company’s yield-bearing crypto accounts, which may constitute unregistered securities offerings.  As its source, Bloomberg cited an October 14th court filing in the bankruptcy of Voyager Digital – a...

Bitcoin SV is getting bogged down after a majority hash power began mining blocks that don’t include any transactions.  In response to the event, the Bitcoin Association has contacted all relevant exchanges to freeze the block rewards associated with the attack.  Explaining the Empty Block Attack As told by Todd Price – Curriculum Specialist for the Bitcoin Association – most Bitcoin SV blocks currently don’t include any transactions. By contrast, the network’s mempool –...

The multinational financial services company Mastercard is all set to launch a program to help financial institutions offer cryptocurrency trading to their clients. The company plans to serve as a “bridge” between the crypto trading platform Paxos and banks to oversee regulatory compliance and security – two major areas that the banks have cited as reasons to avoid the asset class. Focus on Regulatory Compliance Mastercard’s chief digital officer, Jorn Lambert, told CNBC:...

In late September, the Fed made the decision to hike rates once again. Joe Biden and the democrats in office have contributed greatly to inflation and other problems due to their lackluster and outright failing economic policies, and the Fed has consistently been forced into a position of pushing rates more north as a means of fighting the problems being caused by this administration. The Fed Has Hiked Rates and Bitcoin Suffered Whenever this happens, the price of...

Scam is such a strong word in the world today. Why is that the case? It is because scams run rampant in all corners of the globe and in all sectors where finances are involved. Unfortunately, bad actors are actively working to cheat people and steal their funding as the crypto community has witnessed in recent months. Digital hackers have stolen millions of dollars’ worth of cryptocurrency, mainly due to weaknesses in particular dApps or in various bridge protocols....

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Changpeng Zhao (CZ) – CEO of Binance – called out a Reuters journalist on Monday over a handful of “accusations” they’ve made against the exchange over the past several months.  The executive said the reporter has written several articles about Binance based on anonymous sources, and that they recently crossed into “indefensible territory” with their line of questioning.  Binance and Binance U.S. The most recent article that Binance took issue with, titled “How Binance CEO...

Jamie Dimon – the head of JPMorgan Chase – has often spoken ill of bitcoin, so we already know he’s not a major cryptocurrency fan. However, in a recent interview, he offered even harsher words about the world’s number one digital currency by market cap, going so far as to say it was a Ponzi scheme and saying it was “dangerous” for investors. Jamie Dimon Shows More Anger Towards BTC The bitcoin and cryptocurrency spaces have fallen into serious problems over the past...

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