The Bahamas Securities Commission (SCB) said FTX’s leadership was impeding its investigations by denying the court-appointed Joint Provisional Liquidators (JPL) access to the bankrupt firm’s systems, according to a Jan. 2 press release. The SCB also accused FTX’s CEO John Ray III of false statements that could promote mistrust of public institutions in the Caribbean…
Gemini co-founder Cameron Winklevoss accused Digital Currency Group (DCG) CEO Barry Silbert of bad faith tactics over the $900 million debt owed by Genesis trading to Earn users. In a Jan. 2 open letter, Winklevoss said Silbert employed stalling tactics and refused to meet stakeholders to resolve issues surrounding the situation. The exchange co-founder gave…
Ethereum Name Service (ENS), a distributed domain name service based on the Ethereum blockchain, announced that it saw over 2.2 million new registrations in 2022. The service celebrated its most successful year yet as it became the most widely integrated blockchain naming standard on the market. The 2.2 million new ENS names registered in 2022…
Programming language compiler Cairo is now the third largest smart contract language by total value locked (TVL), according to DeFiLlama data. As of Dec. 26, Cairo has a TVL of $418.23 million. In comparison, the programming language of layer1 blockchain networks like Solana’s (SOL) Rust has a TVL of $396.22 million, while Cardano’s (ADA) Haskell…
Federal Judge Ronnie Abrams, who was assigned to oversee the high-profile criminal trial of former FTX CEO Sam Bankman-Fried (SBF), recused herself from the case on Dec. 23. In a court order, the federal judge for the US District Court for the Southern District of New York cited possible conflict of interest as the reason…
Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according to a report by local news agency Tass on Dec. 23. The bill was introduced in the State Duma, the lower house of parliament, on Nov. 17, 2022. At the time, Anatoly Aksakov, Chairman…
Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 4 days ago
The cost of Bitcoin (BTC) is now cheaper than the cost of mining one Bitcoin, according to the Difficulty Regression Model. As per data obtained from Glassnode, the current cost of mining one Bitcoin is $18.8k, whereas the cost of one Bitcoin is $16,5771.8. The Difficulty Regression Model is considered the ultimate distillation of mining…
Ankr Protocol (ANKR) revealed that a former team member carried out the Dec. 2 hack that led to a loss of around $5 million, according to a Dec. 20 statement. Ankr wrote that the former team member carried out the hack by using malicious code that compromised its private key when a legitimate update was…
Ethereum (ETH) co-founder Vitalik Buterin in a Dec. 19 interview with Bankless, said Ripple’s XRP “was still completely centralized.” According to Buterin, for a project to have itself as part of the crypto space, it needs to use cryptography and have “some kind of chain data structure somewhere.” He added that XRP hasn’t apologized for…