2 NFT Projects Plan to Transition From Solana to Alternative Blockchains â Bitcoin News
[ad_1] Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will […]
As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created â Featured Bitcoin News
[ad_1] 109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenbackâs purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After the Creation of […]
Where in the World Is Ex-Alameda CEO Sam Trabucco? â Bitcoin News
[ad_1] Following FTX co-founder Sam Bankman-Friedâs arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the teamâs inner circle. Another person people are curious about these days is Alameda Researchâs ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. […]
SEC Heightens Probe Into Auditors Servicing Crypto Exchanges â Bitcoin News
[ad_1] According to the U.S. Securities and Exchange Commissionâs Paul Munter, the agencyâs acting chief accountant, the U.S. regulator is monitoring proof-of-reserves (POR) more closely. âWeâre warning investors to be very wary of some of the claims that are being made by crypto companies,â Munter explained to the Wall Street Journal (WSJ) on Dec. 22. […]
FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock â Bitcoin News
[ad_1] Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to âEnforce an Automatic Stayâ Against Claims Over FTXâs 56 Million Robinhood Shares On Dec. 22, 2022, […]
SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security â Bitcoin News
[ad_1] On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTXâs exchange token FTT is considered a […]
3 FTX Execs Have Snitched on SBF, Now Scrutiny Is Aimed at Nishad Singh and Ramnik Arora â Bitcoin News
[ad_1] On Dec. 21, U.S. law enforcement officials from the Southern District of New York (SDNY), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) revealed they imposed fraud charges against FTX co-founder Gary Wang and ex-Alameda Research CEO Caroline Ellison. After Wangâs and Ellisonâs surrender announcement, the public has been […]
$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’ â Bitcoin News
[ad_1] On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, âbig fourâ accountancy firm EY, Quadrigacxâs bankruptcy court trustee, explained it did not authorize the spending of the funds and that prior reports detailed that the cold wallets were […]
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt â Mining Bitcoin News
[ad_1] On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for […]
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG â Mining Bitcoin News
[ad_1] The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidgeâs mining capacity, and Greenidge further entered into a hosting deal with NYDIG for the same […]