Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan. A filing by the firm to the U.S. Securities and Exchange Commission on Nov. 21 revealed that it has unplugged its hardware used as collateral in a $107.8 […]

The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX. According to the Senate Agriculture Committee website, on Dec. 1 the full committee will listen to testimony from Behnam and presumably other individuals with information about […]

On Monday (21 November 2022), the price of Coinbase Global Inc. stock (Nasdaq: COIN) dropped to a new all-time low. On 8 November 2022, the Coinbase CFO published a blog post (titled “Our approach to transparency, risk management, and consumer protection”) in which she said: “First, from day one Coinbase has sought to be the most secure and compliant crypto exchange. And […]

As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange, which is headquartered in the country. Several days later, ​​The Securities Commission of the Bahamas ordered the transfer of […]

Billionaire hedge fund manager Bill Ackman remains optimistic about the cryptocurrency sector despite the widespread deleveraging event caused by FTX’s collapse. In a thread of tweets Monday, the businessman equated crypto to the telephone and the internet, noting that all three shared one thing in common- “Each technology improves on the next in terms of its ability to facilitate fraud,” […]

The bankrupt FTX exchange owes billions of dollars to its users, who have now become creditors. However, the lawyers give rather gloomy forecasts and explain that they will have to wait for decades to be reimbursed. On November 11, FTX filed for bankruptcy along with its 130 subsidiaries. Under U.S. law, the company is entitled to Chapter 11 protection, but […]

The first official decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations.  American CryptoFed DAO has told Cointelegraph it will represent itself without an attorney over SEC allegations that it omitted and misstated information in a securities registration last year. The DAO registered its native, interdependent stablecoin […]

Stellar lumen price is trading below $0.1000 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.0800 support to avoid more losses. Stellar Lumen Price Analysis (XLM to USD) After a steady increase, stellar lumen price faced sellers near the $0.1000 zone against the US Dollar. The XLM/USD pair formed a high near $0.1005 before it […]