Companies and investors may need to return billions in funds paid by FTX

[ad_1] The collapse of FTX Group may not yet be the end of its contagious spread, as clawback provisions could force business and investors to return billions of dollars paid in the months leading up to the crypto exchange’s collapse, an insolvency attorney told Cointelegraph. In short, a clawback refers to money paid out that […]

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10 crypto tweets that aged like milk: 2022 edition

[ad_1] To put it lightly, it has been a wild year for the crypto sector. In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home […]

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BTC price lurches toward $16K as stocks, dollar wobble in final session

[ad_1] Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC/USD heading ever closer to $16,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Will new year deliver “long-awaited volatility?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking down to lows of $16,337 on Bitstamp. The pair had been gradually […]

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How Bitcoin helped a couple start a family

[ad_1] Bitcoin (BTC) gains helped “Noodle,” a London-based Bitcoiner, to afford in vitro fertilization (IVF) treatments for his family. Noodle’s story comes to life in the latest edition of Cointelegraph’s Crypto Stories. IVF treatments can be expensive, with success rates ranging from 4% to 38%, depending on various factors. Fortunately, profits from buying and holding […]

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3 reasons why Bitcoin is likely heading below $16,000

[ad_1] December will likely be remembered by Bitcoin’s (BTC) fake breakout above $18,000, but apart from that brief overshoot, its trajectory was entirely bearish. In fact, the downward trend that currently offers an $18,850 resistance could bring the BTC price below $16,000 by mid-January. Bitcoin/USD price index, 12-hour. Source: TradingView A handful of reasons can […]

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Here’s how SBF’s fake electronics outlet ‘North Dimension’ looks like

[ad_1] As the malpractices of the FTX continue to pop up and be uncovered by the prosecution, it turns out the disgraced crypto exchange’s customers were sending money to a fake electronic online shop, which was reportedly opened by Sam Bankman-Fried.  In its complaint, filed on Dec. 13, the United States Securities and Exchange Commission […]

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Bitcoin (BTC) Price Slides as Inflation Is Going Up

[ad_1] Real-world economic performance undeniably impacts global cryptocurrency markets, with Bitcoin (BTC), the biggest crypto asset by market capitalization, proving an excellent guide to the health of the crypto industry. Recent increases in inflation worldwide, but particularly in the US, have seen the value of Bitcoin slide during the second half of 2022 as the […]

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BitMEX, Kraken top proof-of-reserves scores for exchanges

[ad_1] BitMEX and Kraken crypto exchanges received highest scores for their proof of reserves attestations. Binance ranked lower for its ‘incomplete’ PoR among other metrics. Nic Carter says the PoR momentum is good for crypto and a “silver lining” out of the FTX chaos. BitMEX and Kraken score highly in an assessment of proof-of-reserves attestations […]

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