Tag Archives: News

Treasury Secretary Janet Yellen – who despite being a renowned economist couldn’t predict that the U.S. was headed for its worst inflationary period in over 40 years – has stated that the fall of the FTX exchange is exactly why the country needs to focus on crypto regulation. Janet Yellen Discusses Crypto Regulation In a recent interview, Yellen mentioned: The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and...

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who manages New York-based venture capital firm Hack VC – were never convinced of the company’s prowess, and they say the company showed serious “red flags” from the start. Alex Pack Says There Were Issues with FTX from the Beginning Pack first met Sam Bankman-Fried, the man behind FTX, roughly four years ago. At the time, Bankman-Fried had not...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

The House Financial Services Committee has said that it is opening an investigation into fallen cryptocurrency exchange FTX and its disgraced head executive Sam Bankman-Fried. FTX Will Be the Subject of a Congressional Inquiry The announcement came from Maxine Waters, a democrat from California that heads the committee. She stated that the team also expects Bankman-Fried to testify on what occurred and hinted that Congress is using what happened with the company to get...

Popular digital currency exchange Crypto.com is in hot water after it allegedly sent a lot of digital money to the wrong account. Crypto.com Sent Money to the Wrong Area At the time of writing, Crypto.com is purported to have sent as much as $400 million in Ethereum funds to a wallet stationed on the platform of its competitor and rival Gate.io. CEO Kris Marszalek took to social media to express his remorse over the situation and explain things to potential investors. He...

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Hackers from the sanctioned nation of Iran have allegedly hacked several servers of the United States government as a means of installing software to mine digital currencies. These hackers also allegedly sought to steal various network passwords and compromise the nation’s systems. Iran May Have Compromised the U.S. It is believed that hacking attempts by Iran may have started back in February of this year. This means that U.S. networks have been in danger for ten...

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2022 has been an atrocious year for cryptocurrency. Many digital asset companies have been forced into dark places and filed for bankruptcy, and it looks like leading blockchain firm Block Fi might be next. Things Aren’t Looking Good for Block Fi Throughout 2022, the crypto space has been hit harder than it ever has in its short, 14-year history. Bitcoin, for example, has dropped from its all-time high of about $68,000 per unit – which it achieved in November of last...