United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations. According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to provide records of communications with Binance in the past months. […]

According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some […]

The United States December nonfarm payrolls report showed a growth of 223,000 jobs, above the market’s expectation of an increase of 200,000 jobs. While this shows that the economy remains strong, market observers shifted their focus to the slower wage growth of 0.3% for the month, below economists’ expectation of […]

Fidelity has written down the value of its initial investment in Twitter following its support of Elon Musk’s takeover of the platform The write-down, which reduces the value of an asset on a company’s balance sheet, resulted in a decrease of more than 50% in the carrying value of Fidelity’s […]

It’s happened again, folks. Another digital currency company has filed for bankruptcy protection. This time, it’s Block Fi, a crypto lending platform, which was reported to be heading in this direction back in late December. Block Fi Is the Latest Crypto Firm to Crash Ironically, the company was one of […]

After a lawmaker proposed harmonizing the country’s legislation with incoming EU regulation, France may compel crypto companies to obtain a full license to operate in the country.  As of now, the regulations permit cryptocurrency businesses to function there until 2026 without a formal license. According to the current proposal, companies […]

Ben Mezrich is an author who wrote the book, “Bitcoin BTC Billionaires,” which talks about the rise of the Winklevoss Twins from their early days trying to develop what would eventually turn into Facebook to their adult lives as some of the biggest bitcoin bulls out there. Ben Mezrich Is […]

During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities.  In his commentary to Satoshi Action […]

A group of FTX customers has filed a limited objection to FTX’s plan to sell four independently operated subsidiaries, arguing that they should be privy to the sales process to ensure thcustomer interests are represented.  The group has also shared concerns that “misappropriated customer funds” may have been used to […]