Attorneys for former FTX CEO Sam Bankman-Fried asked that he be allowed to communicate electronically again after being barred from doing so in January. The request came in a letter sent to District Court Southern District of New York Judge Lewis A. Kaplan after prosecutors alleged Bankman-Fried may have engaged in witness tampering. In exchange for allowing Bankman-Fried to have…
The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently said that we are in a bull market, advising investors to buy the dip. Jim Cramer on Recession The host of CNBC’s Mad Money show, Jim Cramer, believes that the market…
The co-founder of Web3 metaverse game engine “Webaverse” has revealed they were victims of a $4 million crypto h after meeting with scammers posing as investors in a hotel lobby in Rome. The bizarre aspect of the story, according to co-founder Ahad Shams, is that the crypto was stolen from a newly set up Trust Wallet and that the hack…
Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the U.K. financial watchdog. In a Feb. 6 statement, the U.K. Financial Conduct Authority (FCA) revealed that if the proposed “Financial promotions regime” is approved by Parliament, all…
While commercials from crypto companies were a common sight during the NFL’s final game last year, Super Bowl LVII is shaping up to be an advertising desert for the digital asset industry. When the Los Angeles Rams took on the Cincinnati Bengals in Super Bowl LVI, the year’s biggest sports broadcast featured numerous advertisements from some of crypto’s biggest exchanges,…
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as “an insurance policy for everyone against the confiscation of wealth.” Ark Invest:…
Sam Bankman-Fried’s (SBF’s) lawyers have reached an agreement with federal prosecutors concerning his use of messaging apps. According to a Feb. 6 court document, both parties have agreed SBF “shall not use any encrypted or ephemeral call of messaging application, including but not limited to Signal.” However, under the agreement, the former FTX CEO will be able to access FaceTime,…
Gemini Earn users are a step closer to recovering their money with an agreement announced today between US cryptocurrency exchange Gemini, Genesis Global Capital, LLC (Genesis), and Digital Currency Group Gemini co-founder Cameron Winklevoss announced the agreement on Twitter. “Today, @Gemini reached an agreement in principle with Genesis Global Capital, LLC (Genesis), @DCGco, and other creditors on a plan that…
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said. Binance Suspending USD Deposits and Withdrawals Global cryptocurrency exchange Binance is reportedly suspending withdrawals and…
Genesis Global has announced it has reached an “agreement in principle” with Digital Currency Group (DCG) which will eventually see its crypto lending and trading arm sold as part of restructuring efforts. According to a Feb. 6 press release, DCG would contribute its equity in Genesis Global Trading, a trading subsidiary business, to Genesis Global Holdco, the holding entity for…
