President-elect Donald Trump has named David Sacks, former COO of PayPal, as AI and crypto czar to bolster America's position in AI and crypto innovation.
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As rightly predicted by analysts, the popular cryptocurrency Bitcoin has rallied past the $100,000 mark.
Bitcoin is not very far away from passing $90,000, according to charts. Users over at Polymarket are voting heavily in favor of it passing that milestone in November.
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FTX has received court approval for a significant repayment plan, allowing it to return funds to approximately 98% of its customers worldwide.
The price of Bitcoin has plummeted today on concerns about the state of the US economy. It fell below $50,000, losing more than $8,000 in a single day. It is at its lowest price since February.
Sam Bankman-Fried has been given a 25-year jail sentence by Judge Lewis Kaplan for defrauding customers and investors. The sentence is seen as lenient as he had faced 40 or 50 years behind bars.
Brave Wallet now allows users to add Native SegWit Bitcoin wallets. The benefits of Native SegWit include lower transaction fees and better error detection. Brave also shared future plans.
Online scammers try to trick people into thinking that during crypto hype they registered on an online Bitcoin mining platform, then frighten them with the loss of their fictional funds.
Bitcoin has just passed $42,000 for the first time since April 2022. This could suggest that Bitcoin is beginning a bull run - on the flipside it could be just a bit of short term excitement.
The World App is going to be updated this month to support several widely used languages and currencies. This expansion is to support its growing popularity around the world the company said.
Bitcoin has managed to get above $35,000 today, that's higher than at any point since May 2022. It also passed the three-year moving average for the first time since April which is interesting.
Sam Bankman-Fried has been sent to jail until October for tampering with a witness. His ex-girlfriend Caroline Ellison is assisting the government and he has been trying to discredit her with leaks.
PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.
Worldcoin's World App has come under a lot of strain today as millions of global users scramble to receive a Worldcoin Grant currently worth around $20. It's the first Grant after the Genesis Grant.
The FTC has charged three former executives of the bankrupt crypto company Celsius for tricking customers into sending funds to its platform using misleading promises. The case will go to court.
The UK Treasury Committee has said consumer trading and investing in crypto should be regulated as gambling rather than as a financial service. It said crypto has no intrinsic value.
The US DoJ's National Cryptocurrency Enforcement Team says it's going after companies that offer mixing and tumbling services to help criminals launder their money. It hopes to clean up the sector.
Users of AT&T email accounts are facing a wave of hacks by bad actors who are seeking to steal cryptocurrency, by utilising API issues in the service to take control of email addresses.
Twitter is going to be giving users the ability to buy and sell stocks, cryptocurrencies and other assets thanks to a new partnership with social trading company eToro, starting from Thursday.
Brave and Transak have partnered to allow users to buy tokens right from the Brave Wallet. It gives users access to 50 new tokens and adds several different ways to buy the tokens.
It looks like Microsoft wants to supercharge its browser with another head-scratching feature: a built-in "non-custodial crypto wallet" for storing your digital crypto tokens and NFTs.
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A new report says that there are fake crypto tokens on the internet that are using the BingChatGPT name in some form. These join the many fake tokens that just use the ChatGPT name.
Crypto exchange Luno has decided to cut 35% of its staff as economic headwinds take their toll. Luno is one of the many subsidiaries of Digital Currency Group, which also owns ailing Genesis.
The crypto firm Genesis has filed for Chapter 11 bankruptcy in New York, the company said. Three Genesis subsidiaries are involved but some others are not. It plans to get through the process quickly.
The US Department of Justice has launched a website with contact details so that FTX victims can reach out. It could help Sam Bankman-Fried's victims recover the funds they lost access to on FTX.
The Bahamian authorities have disclosed that they're holding on to $3.5 billion worth of FTX's assets. It took control of them following the company's bankruptcy so they don't go missing.
Sam Bankman-Fried is unlikely to get a favourable deal from prosecutors, lawyer Mark Kasten has said. SBF would have to help in the prosecution of another bad actor but that's unlikely to happen.
Microsoft now prohibits crypto mining on its cloud solutions. It said that the move was taken to help protect other customers as mining can cause disruption and impairment to its network.
Sam Bankman-Fried has been arrested in The Bahamas at the request of the United States. It's likely that the U.S. will ask for him to be extradited to face charges related to FTX's mismanagement.
The U.S. Justice Department is still divided on whether to pursue charges against the world's largest cryptocurrency exchange, Binance. Prosecutors are looking to see if it laundered money and more.
A member of the European Central Bank board, Fabio Panetta, stated an urgent requirement for regulations in the crypto sector. This comes after the collapse of FTX and rising volatility for crypto.
Jim Cramer, from CNBC's Mad Money, called former FTX CEO Sam Bankman-Fried a "pathological liar" and "con man" following the CEO's first interview since FTX filed for bankruptcy last month.
Kraken has announced it's cutting 30% of staff as it tries to endure the crypto winter. Just like non-crypto companies, Kraken is having to make tough decisions due to macroeconomic conditions.
BlockFi has filed for Chapter 11 bankruptcy just weeks after halting withdrawals. Customers with assets on the platform should be able to file claims during the process to retrieve some assets.
New York state has passed a law which puts a moratorium on crypto mining that relies on fossil fuels. Miners that use renewable energy will still be able to continue mining in the state.
The UK government is hitting those who sell crypto by lowering the Capital Gains Tax tax-free allowance. It'll be reduced in 2023 and then again in 2024 so those who sell assets pay more tax.
El Salvador President Nayib Bukele has said the country will buy Bitcoin every day starting tomorrow. The price has fallen 75% since reaching an all-time high last year. Bitcoin is currently $16,521.
The financial regulators in the Bahamas have won a court ruling and appointed liquidators for the FTX unit in the country. The company currently has more than $13 billion in liabilities.
Glassnode has reported huge outflows of Bitcoin from exchanges to self-custody wallets. It comes following the collapse of FTX. More investors now realize it's not safe to leave funds on exchanges.
Visa has terminated its global debit card agreements with FTX, which has now declared bankruptcy. The Bahama-based crypto exchange platform had launched crypto debit cards with Visa in October 2022.
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