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Weekly overview

Data shows the Bitcoin mining bear market has a ways to go

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations. Bitcoin (BTC) mining…

Continue ReadingData shows the Bitcoin mining bear market has a ways to go

Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Bitcoin price aims for support at $17,000, while LTC follows a pre-halving narrative and ETH looks somewhat bullish in its BTC pair. Crypto price action has been rough over the…

Continue ReadingEthereum and Litecoin make a move while Bitcoin price searches for firmer footing

Who’s expected to testify before Congressional hearings on FTX?

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

FTX CEO John Ray, actor Ben McKenzie and law professor Hilary Allen have been confirmed, while SBF, Kevin O'Leary and Alameda CEO Caroline Ellison could still testify. United States lawmakers…

Continue ReadingWho’s expected to testify before Congressional hearings on FTX?

A year after Taproot, Bitcoin community works to unlock its DeFi potential

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

Smart contracts functionalities on the Bitcoin network could boost adoption and provide additional liquidity to DeFi. Taproot support across the industry is still crawling one year after the Bitcoin soft fork,…

Continue ReadingA year after Taproot, Bitcoin community works to unlock its DeFi potential

US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

US regulators want to know from the industry on what they think about the financial crimes associated with DeFi. Welcome to Finance Redefined, your weekly dose of essential decentralized finance…

Continue ReadingUS regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

New CEO Bobby Moran said there was no evidence that Mike McCaffrey had “improperly” influenced coverage of Sam Bankman-Fried, FTX, or Alameda Research on the news site. Bobby Moran of…

Continue ReadingCEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research

FalconX says exposure to FTX represented 18% of its ‘unencumbered cash equivalents’

  • Post author:admin
  • Post published:December 10, 2022
  • Post category:Weekly overview

According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.” Cryptocurrency trading company FalconX has disclosed that it suffered losses in the collapse of…

Continue ReadingFalconX says exposure to FTX represented 18% of its ‘unencumbered cash equivalents’
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