Major crypto exchange Binance initially pushed back against a Bloomberg report that its Binance-Peg BUSD stablecoin “doesn’t always appear to have been completely backed by BUSD”.  In a Jan. 10 blog post, Binance said the basis for the report — which was later amended to clarify the difference between a pegged and backed stablecoin — was a “timing mismatch in […]

Nikhil Wahi, the brother of a former Coinbase product manager, has been sentenced to 10 months in prison for wire fraud conspiracy charges in what is believed to be the first insider trading case involving cryptocurrency.  As reported by Reuters, Nikhil Wahi pleaded guilty in September to initiating trades based on confidential information obtained from his brother, Ishan Wahi, who […]

The price of bitcoin has taken several hard hits over the past 14 months, but according to legendary investor Mark Mobius, he thinks things are going to get a lot worse before they get better. In fact, he sees the world’s number one digital currency by market cap falling to a new low of $10K before it begins its rebound. […]

Tel Aviv, Israel, 10th January, 2023, Chainwire Building Blocks 23, a web3 builder-focused event, will be hosted in central Tel Aviv on February 7, 2023. Hosted by top Israeli companies as part of ETH TLV, the one-day Building Blocks event will bring together Ethereum developers and communities. A series of workshops, panel discussions, and informal events will take place across […]

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, has penned another open letter to the board of Digital Currency Group, or DCG, saying CEO Barry Silbert is “unfit” to run the company.  In a Jan 10. letter, Winklevoss claimed Silbert and Genesis Global Capital — a subsidiary of DCG — had defrauded more than 340,000 users who were a part […]

Ripple (XRP) has maintained its price pattern below the moving average lines as buyers continue to defend the current support. Long-term forecast for Ripple price: bearish Sellers drove XRP to a low of $0.29 on January 2, but bulls bought the dips. At $0.31, selling pressure broke the lower price, which then retraced to find support at $0.34. After the […]

Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, have been under a microscope in an attempt to keep the behemoth in line. On Jan. 10, a tweet surfaced regarding the cryptocurrency exchange’s employee policy to prevent insider trading. It […]

FTX Inner Circle Flip On Sam Bankman-Fried Singh became the third member of Bankman-Fried’s so-called “inner circle” to meet with U.S. Attorneys. In late December 2022, ex-CEO of Alameda Research Caroline Ellison pleaded guilty to fraud as part of a plea deal. FTX Co-Founder Gary Wang was also cooperating with prosecutors, per reports.  Daniel Friedberg, a former chief regulatory officer […]