Alameda reportedly invested over a billion dollars in the Bitcoin mining firm – Genesis Digital The first recorded investment was in August last year, while the last was in April 2022 FTX and Alameda breakdown controversies continue to hit the spotlight in the cryptosphere. The latest revelation gives insight into Alameda’s investments. According to aContinue reading “FTX’s venture arm Alameda invested over a billion in Bitcoin [BTC] mining firm”

Kraken plans to lay off nearly 30 percent of its overall headcount because of crypto winter The company is providing a number of support for those  losing their jobs The second largest crypto exchange in the United States – Kraken – announced it would start laying off its employees. The crypto platform is planning onContinue reading “Crypto exchange Kraken to start layoffs as crypto winter persists”

SBF claims to be down to a hundred thousand dollars, with almost all of his wealth wiped out with FTX’s collapse The former CEO also expressed that there could have been a 50-50 chance for FTX had CZ not expressed concerns The founder of the infamous crypto exchange, FTX – Sam Bankman-Fried has spilled quiteContinue reading “SBF claims to have only thousands of dollars left in bank after FTX’s collapse”

The United States’ Securities and Exchanges Commission [SEC] has already started to take action with regard to initial coin offerings this year. The first move this year was to charge a convicted criminal for conducting a “fraudulent ICO using a fake identity,” one that raised over $30 million, according to an official website. The mostContinue reading “BAT ICO was fully compliant with rules at the time: Brendan Eich”

Grayscale Investments, a cryptocurrency asset management firm, has been making quite the headway in the crypto-market lately, with the firm announcing that the Grayscale Bitcoin Trust is now a Securities and Exchanges Commission [SEC] reporting company on 21 January 2020. With the news still fresh on the table, the asset management firm has made yetContinue reading “Ethereum Classic’s ETC Cooperative gets extended support from Grayscale Investments”

Central Bank Digital Currencies [CBDC] have started to gain a lot of momentum ever since Facebook announced its plans for Libra last month. The latest development on the subject is news of the central banks of Britain, Japan, Sweden, Switzerland, the European Central Bank, and the Bank for International Settlements, coming together to look intoContinue reading “Monero will continue beating the drum of improving privacy”

Monero Outreach, one of the main Monero workgroups, has released a statement on Coinbase‘s views on Proof-of-Work, which was written by Security Engineer, Mark Nesbitt. In a blog post titled, ‘A Response to Coinbase Views on PoW Security,’ the team stated that the article by Coinbase “included a good description of PoW and made someContinue reading “Monero outreach hits back at ‘arguably inappropriate’ conclusions of Coinbase study”

Ethereum’s shift from Proof-of-Work to Proof-of-Stake has been one of the most awaited network upgrades in the community for years now. The shift that would introduce Casper consensus algorithm has, however, let down several members of the community time and again, considering the fact that the shift was expected to roll-out sooner than what theContinue reading “Ethereum’s Buterin says he was ‘over-optimistic’ about Serenity timeline”

Recently, Mark Zuckerberg, Facebook CEO, faced Congress on all matters concerning its privacy policy, political advertisements, and the launch of its crypto-project, Libra. One of his remarks that stood out with regard to its cryptocurrency, made while acknowledging the concerns of the Congress, said that was China stealing the United States’ thunder in terms ofContinue reading “Ethereum’s Lubin: Stablecoins are ‘extremely valuable’ to emerging digital economy”

Toward the end of 2017 and 2018, apart from the Bitcoin boom frenzy, another factor that took over the crypto-space was the ICO boom, with projects raising millions and billions of dollars for their ‘blockchain solving real-world problems’ ideas. This, however, gradually faded away with the intervention of several regulatory bodies around the world; theContinue reading “Ethereum’s Vitalik: ICO’s out of touch with spirit of blockchains”

Bitfinex, perhaps the world’s most controversial cryptocurrency exchange, has finally released an official statement on John M Griffin and Amin Shams’ Tether research paper titled ‘Is Bitcoin Really Un-Tethered?,’ which was released on October 28, 2019. The research paper centered around one large player drastically manipulating the price of Bitcoin, resulting in its price soaringContinue reading “Bitfinex responds to paper suggesting Bitcoin’s price was Tether-manipulated”

Towards the end of 2018, one of the major points of concern the Bitcoin market along with its price slump was something known as the “Bitcoin mining death spiral.” In December 2018, Andreas Antonopoulos explained this unlikely-to-happen phenomenon as 50 percent of miners exit the network, resulting in a drastic drop in hash power. ThisContinue reading “Bitcoin miners exiting would only result in ‘delay in block issuance’”