Author: Sophia Hernandez

Article written by Sophia Hernandez

Sam Bankman-Fried Claims FTX Executives Advise Him to Cease Questioning

November 1, 2023 1 min read

In recent testimony, Sam Bankman-Fried, the founder of FTX, revealed that he had been advised to avoid asking too many questions, a situation that led to a series of financial decisions. When employees raised concerns or pointed out issues, SBF admitted that he did acknowledge them but explained that his busy schedule often distracted him. Posts on the social platform X (formerly Twitter) suggest that FTX employees took the initiative

Will Bitcoin (BTC) Hit $50,000 Next Year?

October 31, 2023 3 mins read

Bitcoin (BTC) has indeed made a significant impact in the world of finance and technology since its inception in 2009. This article provides insights into its history, factors influencing its price, and its prospects in the years to come. What is Bitcoin? Bitcoin was introduced by an anonymous Satoshi Nakamoto and has since become the most well-known crypto globally. Its decentralized nature and cryptographic consensus have revolutionized how we think

Bitcoin dominance exceeds 50% for the first time since April 2021

October 27, 2023 1 min read

Bitcoin’s dominance surged above 50% for the first time since April 2021. This means that Bitcoin’s (BTC) market capitalization now accounts for over 50% of the total cryptocurrency market. It’s a development that many traders and investors closely monitor, as it reflects Bitcoin’s strength relative to other cryptos in the market. To put it simply, when Bitcoin’s dominance is high, it indicates that BTC is outperforming alternative cryptocurrencies to Bitcoin

Crypto Market Surges Following Court’s Decision on Grayscale’s Spot Bitcoin ETF

October 25, 2023 1 min read

The US Courts have issued a new mandate concerning Grayscale’s proposal for a spot Bitcoin ETF, and this development has had a ripple effect across various markets. Grayscale seeks to convert it into a spot Bitcoin exchange-traded fund (ETF). The legal process started gaining attention on August 29, when courts mandated the U.S. Securities and Exchange Commission (SEC) to review Grayscale’s proposal. This week, a formal mandate was issued, further

Uniswap’s CEO Burns Haycoin Valued at $650 Billion

October 22, 2023 1 min read

Hayden Adams, the creator of Uniswap, has made a move in the crypto world by burning nearly all of the HayCoin (HAY) supply, amounting to $650 billion. This bold decision, executed on October 20, comes in response to the unexpected surge in the price and popularity of HAY, which had evolved from a test token introduced five years ago. HAY, initially a test token, unexpectedly transformed into a meme coin,

Binance Expands in Europe While Adapting to Changes in the U.S. Market

October 20, 2023 1 min read

Binance is advancing its European offerings through strategic partnerships aimed at enhancing EUR-based payments, deposits, and withdrawals. This signifies a significant move for Binance, providing users with the convenience of Euro spot pairs and simplified EUR deposit and withdrawal options via Open Banking, as well as SEPA and SEPA Instant services. Seamlessly converting between fiat currencies and cryptocurrencies is essential for promoting digital asset adoption on a global scale. Streamlining

Tesla still holds $184 million in Bitcoin in Q3 report

October 19, 2023 1 min read

Tesla has continued to uphold its Bitcoin holdings in the third quarter (Q3) of 2023, marking its fifth consecutive quarter without any changes to its digital asset investments. According to Tesla’s Q3 2023 financial results, released on October 18, the EV manufacturer company retained around $184 million worth of digital assets as of September 30. This amount is a fraction of the $1.5 billion worth of BTC that Tesla initially

Victory for Dutch Crypto Companies in $2.3M Regulatory Fee Dispute

October 6, 2023 2 mins read

Dutch crypto companies, including Bitvavo and Coinmerce, have achieved a significant legal victory in their ongoing battle against hefty fees totaling $2.3 million imposed by Dutch regulators. In two separate judgments issued on a Wednesday, a Rotterdam court ruled that the Dutch central bank (DNB) had exceeded its legal authority by charging companies for registration related to anti-money laundering compliance. The court stated that the way the DNB evaluated registration

Meta Plans to Offer Ad-Free Service to EU Users for a Fee on Instagram and Facebook, Says Source

October 3, 2023 1 min read

Meta Platforms, the parent company of Facebook and Instagram, is considering offering ad-free subscription plans to users in Europe. The move is seen as an attempt by Meta to comply with European Union regulations that threaten to curb its ability to personalize ads for users without their consent. According to two people familiar with the matter, Meta has discussed several pricing plans, but the most feasible option is a 10

FTX Exchange ‘Hacker’ Transferred 15K ETH Over the Weekend

October 2, 2023 2 mins read

In a surprising turn of events, all 15,000 Ethers (ETH) that had been sitting in a wallet associated with last year’s $600 million attack on FTX have now been moved through privacy tools and bridges. This development sheds new light on one of the ongoing mysteries surrounding the exchange’s collapse in 2022. The Attack and Stolen Funds In November 2022, shortly after FTX and its affiliated companies filed for bankruptcy,

How HTX’s $8 Million Hack Impacts Centralized Crypto Exchanges

September 30, 2023 2 mins read

Earlier this week, cryptocurrency exchange HTX, formerly known as Huobi, experienced a significant security breach. Around 5,000 Ether (ETH), valued at $7.9 million, was stolen by a hacker who compromised the exchange’s hot wallet, making off with the assets in a single sweep. In response to the breach, Tron founder and HTX advisor Justin Sun reassured users that their assets would be safe and the exchange would cover the losses.

SEC Initiates Process to Decide the Future of Spot Bitcoin ETFs, Seeks Public Input

September 29, 2023 2 mins read

The U.S. Securities and Exchange Commission (SEC) has taken significant steps regarding spot Bitcoin exchange-traded funds (ETFs) in filings submitted on September 28. These filings set in motion proceedings that will help the SEC decide whether to approve or reject proposed rule changes, potentially allowing spot Bitcoin ETFs to trade on commodities exchanges. In these filings, the SEC is seeking input from the public on various matters. The first section