Images of a Bitcoin wallet, BitKey, developed by Jack Dorsey’s company, Block Inc., have surfaced as reports suggest that the product’s beta is nearing its distribution stage. The wallet is designed with self-custody in mind, ensuring that users have full control over their crypto balance. It is expected to include various secondary features including fingerprint […]
Julie Schoening, former chief risk officer at FTX-owned LedgerX, was terminated in August 2022 after raising concerns about special privileges granted to FTX’s affiliated trading firm Alameda Research. In May 2022, Schoening’s team discovered code showing that Alameda received special treatment, such as being able to have a negative balance as high as $65 billion. […]
Alameda Research, the parent company of FTX, has been accused of using customer funds without their knowledge. According to The Wall Street Journal, some U.S.-based employees of FTX reportedly knew that the exchange had a backdoor that allowed Alameda to withdraw customers’ funds. The employees discovered the backdoor while examining the code used by FTX […]
Arthur Hayes, the co-founder of BitMEX, has made a bold prediction for the future of Bitcoin, asserting that the Federal Reserve’s potential return to money printing could send the leading cryptocurrency on a soaring trajectory. Hayes points to a phenomenon known as the “bear steepener” as a red flag in the bond market, which could […]
Steven Schoenfield, former BlackRock managing director and current CEO of MarketVector Indexes, predicted that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months during a panel discussion on ETFs at CCData’s Digital Asset Summit in London. Schoenfield previously estimated approval would take nine to twelve months.The SEC’s recent decision to […]
The U.S. Securities and Exchange Commission (SEC) has been denied its motion to appeal a ruling that retail sales of XRP tokens do not constitute a security offering. District Court Judge Analisa Torres rejected the motion, citing that the SEC failed to establish the necessary conditions. The trial on the case will commence on April […]
El Salvador is launching Lava Pool, the nation’s first Bitcoin mining pool powered by renewable geothermal energy. The venture is a collaboration between energy company Volcano Energy and tech corporation Luxor Technology. The pool will be maintained by Volcano Energy, with 23% of its net income going to the Salvadoran government. Luxor’s Hashrate Forward Marketplace […]
Bitcoin (BTC) saw a swift comedown after a failed attempt to reach $28,000 on October 5th. Data from Cointelegraph Markets Pro and TradingView showed that the market dropped up to $700, or 2.5%, after the rejection. Material Indicators, an on-chain monitoring resource, warned of a fresh downturn and suggested that another attempt could be made. […]
Raoul Pal, CEO of Real Vision and macro investor, believes that the next crypto bull market will begin in Q2 of next year, coinciding with the Bitcoin halving. He believes that macroeconomic factors, such as central banks cutting interest rates and potential fiscal stimulus, will be the main catalysts for the uptrend. Pal does not […]
Ethereum has recently seen a large exchange outflow, with 110,000 ETH (worth around $181 million) being withdrawn from centralized exchanges. This is the largest outflow since August 21st and the lowest supply on exchanges since May 2018. The outflow could be a sign of buying activity in the market, as investors take their coins off […]
