Latest Crypto Business News & Archive

MicroStrategy Bolsters Bitcoin Position With $150M Acquisition In Bear Market

Despite the prevailing price of Bitcoin as of Monday, MicroStrategy is currently facing an unrealized loss of approximately $548,717,702.40 for its BTC holdings.

SBF's Possible Defense Involves Blaming FTX Collapse On Ex-Girlfriend, Leaked Documents Reveal

In the months since his empire collapsed, Bankman-Fried has been throwing Caroline Ellison under the bus.

FTX Sues Ex-Employees Of Hong Kong Affiliate To Recoup $157M

The lawsuit, filed last week in the United States Bankruptcy Court for the District of Delaware, alleged that Salameda was actually controlled by Bankman-Fried and the defendants took part in the fraudulent withdrawal of assets from FTX in the days leading to the filing of Chapter 11 bankruptcy in November 2022.

Illustration shows representation of cryptocurrency Bitcoin plunge into water

Authorities Uncover Bitcoin Mining Machines In Venezuelan Prison During Raid

It was a "successful operation that allowed us to strike a blow against criminal groups," Venezuela's Interior and Justice Minister Remigio Ceballos said, adding that the authorities made some surprising discoveries, including unusual contraband in the possession of inmates.

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Bankman-Fried Faces New Setback After Court Rejects Testimonies From 7 Expert Witnesses

Judge Kaplan said SBF's defense can try to put some of the expert witnesses on the stand, but the DOJ can still object to it.

Google Pay-Like Feature Coming Soon, X CEO Confirms, But Remains Mum On DOGE, Crypto Payment Integration

Despite X's silence on crypto payment integration on the platform, it appears the process is well underway.

Exclusive: NOWNodes' Latest Milestone Highlights Developers' Interest To Build On Shibarium

Just a week after it debuted on Shiba Ecosystem's Shibarium, NowNodes processed more than seven million requests from developers and others to build apps in one of the fastest-growing layer-2 solutions in the cryptocurrency industry.

White House Aspirant Vivek Ramaswamy Makes Bold Promise On Crypto Policy Framework

Ramaswamy spoke about the SEC rulings and the potential of blockchain technology to disrupt the world of traditional finance. He also shared plans to release a "comprehensive crypto policy framework" by Thanksgiving.

Kraken 'Surprised And Disappointed' Over Australian Regulator's Enforcement Action Against Its Service Provider

Jonathan Miller, Kraken's managing director for Australia, said he was surprised by the Australian Securities and Investments Commission's (ASIC) move as Bit Trade was complying with the regulations.

Ex-Alameda Research Engineer Reveals Untold Story Behind 2021 Flash Crash, And It's Not In The News

Aditya Baradwaj's latest revelations center on the 2021 market flash crash that sent the $65,000 trading price of Bitcoin to just $8,000.

Crypto Market In Liquidity Drought With 'Extreme Apathy And Boredom' As 'Prevailing Sentiment'

However, despite the subdued state of the digital assets market, the trend of hodling remains strong, according to Glassnode.

The Hoover Tower rises above Stanford University in this aerial photo in Stanford, California, U.S. on January 13, 2017.

Stanford To Return All Gifts Received From FTX, Worth $5.5M

The FTX Group claimed Sam Bankman-Fried's parents misappropriated millions, including one instance where Allan Joseph Bankman "directed more than $5.5 million in FTX group donations to his employer, Stanford University."

Kenyan Official Claims US Intervened To Release Detained Worldcoin CEO And Chief Legal Counsel

Kindiki said Worldcoin chief executive officer Alex Blania and its chief legal counsel Thomas Scott were stopped and put in custody but the U.S. government intervened and told Kenyan authorities to release the executives, as they had not been charged with any crime.

North Korean Hackers Laundering Stolen Funds Via Russian Exchanges: Chainalysis

The prospect of recovering funds stolen from crypto businesses and laundered on these exchanges is nearly impossible, as per a recent report from Chainalysis.

Shibarium Explosion: SHIB's L2 Adds Over 1M Wallets Since Relaunch, Averages Over 36K Addresses Per Day

Shibarium is about to hit a huge milestone utility achievement with its total transactions now nearing the 3 million threshold.

Sam Bankman-Fried, U.S. prosecutors near new bail agreement

FTX Sues Bankman-Fried's Parents For Unlawful Enrichment Through 'Access And Influence'

The FTX lawsuit intends to "recover millions of dollars in fraudulently transferred and misappropriated funds.''

BTC Dominance Surges To 50% As It Reclaims $27,000 Price Level; Trading Activity Spikes

While the maiden crypto briefly enjoyed the $27,000 price level, it eventually traded back to the $26,000 threshold a few hours later.

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken

New York Regulator Removes XRP From 'Greenlist'; Ripple Lawyer Teases Big Announcement This Week

The delisting of the 25 crypto assets from the NYDFS' greenlist means the tokens no longer have the approval of the agency and could also negatively impact the value of the delisted crypto asset, which is usually the case in the cryptocurrency industry.

SEC Seeks Court's Permission To Inspect Binance.US; Exchange's Trading Volume Dips

The American arm of Binance had a peak trading volume of $86 million in August, but it dipped to just $115.7 million through Sept. 15, data revealed.

Billionaire Mark Cuban Prevents $2.5M Loss After Losing Nearly $900K In MetaMask Hack

The billionaire says the hack might have taken place while he was trying to clean up his account using a smartphone.

Citigroup Unveils New Token Service That Transforms Deposits Into Digital Assets

Citi Token Services offers round-the-clock cross-border payments, automated trade finance solutions and liquidity to its institutional clients..

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court

SBF Attempts To Justify His Actions In A 15,000-Word Unpublished Twitter Thread

"I'm broke and wearing an ankle monitor and one of the most hated people in the world," Bankman-Fried wrote, adding, "There will probably never be anything I can do to make my lifetime impact net positive."

Singapore Regulator Slaps 3AC Founders Zhu Su And Kyle Davies With 9-Year Finance Ban

Last month, Dubai's VARA fined Zhu Su and Kyle Davies 200,000 UAE dirhams (around $54,000) each over violations of the region's digital asset marketing and advertising regulations.

Binance Fan Token Platform Launches Alpine Race Collectibles for Unique F1 Experiences

Binance.US Employee Exodus Continues As 2 More Execs Reportedly Leave After CEO's Departure

While Binance.US continues to fight its legal battle against the case filed by the U.S. SEC, two more executives are leaving the exchange amid a series of layoffs and departures.

Major Crypto Business Announces End Of Crypto Trading Services

Genesis was once a major derivatives trading desk but it was hit hard by the spectacular implosion of Three Arrows Capita and Sam Bankman-Fried's FTX last year.

Former Celsius Exec Pleads Guilty To 4 Criminal Charges; Ex-CEO Seeks Dismissal Of FTC Case

Cohen-Pavron and Mashinsky were accused of several criminal allegations in July, including casing out their personal holdings before the crypto lending firm collapsed.

Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana

SOL Surges Amid Court Approval For FTX Liquidation, Holding Over $1B In Solana

Initially, FTX debtors were required to provide the U.S. Department of Justice with 10 days' notice before selling the assets, but the exchange later agreed with the U.S. Trustee to keep crypto sales private, so it won't significantly impact market prices.

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