Tag Archives: ftx

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It looks like Coinbase – a popular digital currency exchange in North America – just can’t catch a break. After getting sued by customers and then having to engage in a settlement with the New York Attorney General’s office, the trading platform has announced it’s having to cut another 1,000 jobs to make ends meet. Coinbase Forced to Part Ways with More Staff The crypto space has been doing very poorly. Despite showing signs of early recovery (bitcoin is on the verge of...

At Live Bitcoin News, we’ve talked about how 2022 was reminiscent of 2018, which at one stage, was considered the worst year for bitcoin and crypto. We also mentioned that given the patterns and the similarities we were witnessing, it was possible (and even likely) that 2023 was going to be somewhat of a copy of 2019, which led to a touch of healing for most crypto fans. Bitcoin Looks Like It’s Beginning to Heal While we’re only a few weeks in, we’re thus far being...

Bitcoin spent the early parts of January and the new year rising through the ranks and jumping beyond the $17K mark again. Everyone began to get a little excited about the currency’s prospects, but for hardcore critics like Nicholas Taleb – the author of the bestselling book The Black Swan – bitcoin is still a low-end trading tool that should be ignored and avoided at all costs. Nicholas Taleb Still Hates BTC While bitcoin may be doing somewhat better at press time, it...

2022 was a crazy year for bitcoin and cryptocurrency. With all the talk regarding the fall of bitcoin’s price and value, it became easy to forget about some of the more obscure coins. Now, many of those assets are coming back into the fray, including Litecoin, which many analysts think is about to make a major comeback and become one of the biggest, most talked about assets of the new year. Litecoin Is Back, Baby! One of the reasons Litecoin is returning to everyone’s...

With January having arrived, the new Congress has convened. While at the time of writing, the House of Representatives is still struggling to elect or even nominate a republican speaker, we can rest assured that things are going to go quite well for crypto in the coming months and that the country is now well on its way towards garnering a small bit of healing from all the trouble it’s been through since Biden entered the fray. Congress Needs to Stay Out of Crypto One of...

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Caroline Ellison – the 28-year-old girlfriend of Sam Bankman-Fried and the former CEO of Alameda Research, a company founded by SBF – has admitted in recent testimony that she knew what was happening with FTX was wrong. Caroline Ellison on FTX: It Was Wrong The big bang for FTX comes in the shape of Alameda, which borrowed money from the crypto exchange in the form of user funds to pay off separate debts. Both companies were required to remain individual entities. In...

Throughout 2022, there were many trends surrounding crypto crime. Many romance scams popped up, clearly proving it was a popular method amongst cyberthieves of getting money that wasn’t theirs. We also saw examples of exchange fraud like with FTX. Now, billionaire investor and crypto bull Mark Cuban says a new crime trend will occur in 2023, though he freely admits he’s suggesting this based purely on his own thoughts, and he has no evidence to suggest it will truly...

The state of New York and its attorney general Leticia James are suing former crypto lending network Celsius for allegedly engaging in fraud and misusing customer funds. New York Comes Down Hard on Celsius The sentiment is that FTX wasn’t the only company to use traders’ money for personal gains this year. Celsius really rang a lot of negative bells last summer when it first announced it was going to be halting all withdrawals given that speculation and the volatility of...