Disgraced former CEO of crypto exchange FTX admits to disparaging regulators on third day of testimony

Sam Bankman-Fried denies messy hair part of ‘tech genius’ persona during trial

Sam Bankman-Fried testified in his own blockbuster crypto trial again Monday, with prosecutors grilling the one-time crypto mogul about the many discrepancies between his public and private...

10 months ago

HTX, the crypto exchange formerly known as Huobi Global and owned by Chinese blockchain personality Justin Sun, has announced a profit of $98 million for the third quarter of 2023.

Justin Sun’s HTX Reports $98 Million Profit in Q3 2023, Forecasts Strong Performance for Q4

In a recent post on X (formerly Twitter), Sun claimed that HTX generated $202 million in revenues during the quarter, with expenses totaling $104 million. Despite the challenging marke...

10 months ago

CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.

Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'

In early 2023, CoinFLEX CEO Mark Lamb was in search of a life rope. His Seychelles-based crypto exchange had just filed for restructuring, and a last-ditch attempt to save the com...

10 months ago

The proposed rules are supposed to come into effect in 2026, impacting sales and exchanges conducted in 2025.

IRS extends comments period for new crypto tax rule to mid-November

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until No...

10 months ago

I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year's market meltdown.

Trader Who Called Last Year's Crypto Crash Covers Bearish Altcoin Bets

Pseudonymous Trader il Capo Of Crypto, known for predicting last year’s market crash, has squared off loss-making bearish bets in alternative cryptocurrencies. ...

10 months ago

Israel's Proposed Crypto Account Restrictions as a Means to Halt Hamas Financing

Israel Might Block Crypto Accounts to Freeze Hamas Funding: Does This Still Keep Crypto Decentralized?

Cryptocurrencies emerged with the tantalizing promise of financial autonomy and decentralization. However, the ongoing Middle East conflict has thrust this promise into the spotlight, igniting d...

10 months ago

Rising Crypto Scams in the Philippines Underscore Need for Education

Rampant scams highlight critical need for greater crypto literacy

Cryptocurrency-related scams are proliferating at an alarming rate in the Philippines. As cryptocurrencies and blockchain technology surge in popularity, scammers are shamelessly capit...

11 months ago

Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.

Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle

Bitcoin (BTC) continued to outperform the cryptocurrency market as Ethereum's ether (ETH) and decentralized finance, or DeFi, tokens slid Tuesday. BTC, the larg...

11 months ago

Latam Insights: Venezuela and Argentina Leverage 'Unique' Crypto Use Cases, Brazilian Congress Advises Indicting CZ

Chainalysis: Argentina and Venezuela Present Unique Crypto Use Cases According to a recent article referencing Chainalysis 2023 Geography of Cryptocurrency Report, Venezuela and Argent...

11 months ago

Russia’s Sber, the operator of Sberbank, says it will join the Central Bank’s digital ruble pilot, in a major coup for the nation’s CBDC.

Russian Business Titan Sber to Join Digital Ruble Pilot

Vedemosti reported that Sber’s influential CEO, the former Economy Minister Herman Gref, said his firm “will definitely” join a “second wave” of banks that wil...

11 months ago