Markets

Sam Bankman-Fried – the disgraced founder of fallen digital currency exchange FTX – made a rare appearance at the Deal Book Summit in New York on the last day of November last year. Sam Bankman-Fried Does First Interview Following Company’s Demise While he did not arrive in person, Bankman-Fried was featured prominently on a screen from an undisclosed location in the Bahamas, where he still claims to live. In the interview, Bankman-Fried attempted to explain what...

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ADA price seems to be forming a support base above the $0.30 level against the US Dollar. The price is now trading above $0.32 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.302 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.340 and $0.350 levels. Cardano price is showing positive signs above $0.300 against the US Dollar, similar to bitcoin. ADA price...

Ethereum price is gaining pace above the $1,250 level against the US Dollar. ETH price is now trading above $1,250 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $1,300 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it clears the $1,350 resistance zone. Ethereum price is rising above the $1,250 level against the US Dollar. ETH/USD could rise further if it clears the $1,350...

Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021.  Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020. Funding in 2022  The crypto winter that hit the digital asset industry in 2022 has triggered a major market decline, an outflow of investor interest, and halted the expansion plans of some companies. According to a CoinGecko study, such firms had raised $21.26 billion last year, and...

The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.  The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement. Eisenberg’s Crime Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango...

Sam Bankman-Fried (SBF) and his former right-hand, Gary Wang, are unable to retain ownership of almost half a billion dollars worth of Robinhood shares, according to a court document dated January 6th.The US Department of Justice (DOJ) has seized the executives’ holdings in response to charges of wide-ranging fraud against Bankman-Fried and FTX, with which the equity investments may be involved.  No More Robinhood Shares The document, filed in a New Jersey bankruptcy court,...

Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a Lot of Workers The crypto exchange says that the maneuver has nothing to do with the fall of FTX, which has caused a serious firestorm in the digital currency world. The exchange collapsed in mid-November and has sent ripples throughout the space, making several other firms...

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