Craig Wright, the Australian computer scientist has claimed for years to be Satoshi Nakamoto—the pseudonymous creator of Bitcoin—has signaled that he may be ending his infamous campaign to convince the world that he is crypto’s founding father. “I have been too angry for too long as I cared for external validation,” Wright tweeted late Wednesday. “The only validation I seek…
Despite the bear market, cryptocurrency day traders still see opportunities to strike it rich. Many seek out an edge by employing algorithmic trading bots that automatically execute trades at a moment’s notice. There are risks in letting code make snap decisions, however. A group of investors organizing on Telegram say that they have been the victims of hackers that compromised…
A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position to stop this activity.” Stablecoin TRUST Act of 2022 U.S. Senator Pat Toomey (R-PA), ranking member of the Senate Committee…
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman, the last member of the Crypto Six case to be tried, was found guilty on all counts which included unlicensed money transmission, money…
2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector. Among the most notable eco-friendly crypto…
Disgraced crypto mogul Sam Bankman-Fried today was let out of jail by a New York judge under a $250 million bond agreement. A common question—especially on crypto Twitter—is, where did all that money come from? Didn’t SBF lose billions of dollars? Is he tapping into FTX funds? Well, the short answer is this: no one has paid anything, nor is…
The last year has been an eventful one for the crypto space. The collapse of the Terra ecosystem and its TerraUSD (UST) algorithmic stablecoin saw $50 billion wiped off the market in a flash. And more recently, FTX, an exchange many thought was “too big to fail,” came crashing down. There’s been no shortage of drama in the space, which…
Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer. BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022. We want to thank our incredible community for coming along for the ride as we lay the groundwork for an even bigger…
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), FTX’s exchange token FTT is considered a security. SEC Complaint Says SBF ‘Directed’…
The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized autonomous organizations and enables legal entities registered in the country to formally adopt DAO structures and governance tools. The government hopes this…
