Tether Responds to Media FUD Regarding Rising Loan Risk
On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time. The outlet claims that the company has “increasingly been lending its own…
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FTX Contagion Haunts Yet Another Crypto Trading Firm
Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a…
Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB
The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is…
Animoca Brands Unveils $2B Metaverse Fund
Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and…
SBF Says FTX US Should be Solvent, Unsure Why Withdrawals Not Enabled
Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy. The former FTX boss believes the US entity is still entirely solvent and…
Italy to Start Taxing Crypto Trading Gains From 2023 (Report)
The government of Italy is reportedly looking to enforce strict rules on the local crypto space by imposing a 26% tax on profits generated from digital asset trading. However, residents…
CFTC Chair Changes His Mind About Ethereum Being a Commodity
Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction. …
Telegram to Build a Decentralized Crypto Exchange to Prevent Another FTX Crash, Says CEO
Pavel Durov – Founder and CEO of the messaging application Telegram – thinks the FTX crash occurred because the blockchain industry has recently deviated from its decentralized nature. He argued…
CFTC Chairman Rostin Behnam to Be Grilled Over FTX Crash (Report)
The US lawmakers will reportedly discuss FTX’s collapse with Rostin Behnam – Chairman of the Commodity Futures Trading Commission (CFTC). The authorities will examine whether the regulator could have done…
Bear Market Length Has Now Matched Previous Cycles, Is Trend Reversal Imminent?
Bear markets always appear to be long, drawn-out affairs, but the steep downtrend only really lasts a year or so. The crypto industry hit its all-time high of just over…
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