Day: December 13, 2022

Algorand Rises After Italy Selects Blockchain Protocol for Digital Guarantees Platform

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US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin News

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According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of deception.” U.S. SEC Contends Former FTX CEO SBF Committed Fraud, Crypto Firms Warned the ‘Sec’s Enforcement Division Is Ready to Take Action’ Following the arrest of the former FTX CEO Sam Bankman-Fried (SBF) in The Bahamas, the U.S. Securities and…

Dogecoin (DOGE) Climbs 2.58% In 24 Hours, Can It Reach $0.1 Before The Week Runs Out?

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Dogecoin (DOGE) has seen some positive movement in the last day despite the market onslaught. The meme coin was able to see more than 2.5% gains at a time when the majority of the crypto market was struggling price-wise. Currently, DOGE is still standing at a good short-term level but $0.1 remains the level to beat for the digital asset. Dogecoin Gains Momentum The last 24 hours have seen Dogecoin establish some much-needed momentum in the market. It saw an increase in its price in the early hours of Tuesday,…

CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud

The United States Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against Sam Bankman-Fried, FTX and Alameda Research, claiming violations of the Commodity Exchange Act and demanding a jury trial. According to court records filed Dec. 13 in the Southern District of New York, the CFTC filed a complaint for injunctive and other equitable relief as well as civil monetary penalties against Bankman-Fried, FTX Trading, and Alameda Research. The complaint alleged that SBF personally directed FTC executives to set up features allowing Alameda to use the crypto exchange…

Can Bitcoin survive a Carrington Event knocking out the grid? – Cointelegraph Magazine

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“In a massive solar storm, which would be hugely damaging to a modern economy’s infrastructure, the blockchain parts might well be the only parts that survive.” — Jason Potts What was the Carrington Event? In a November 1859 meeting of the Royal Astronomical Society, British astronomer Richard Christopher Carrington reported to the esteemed scientific body that “in the forenoon of Thursday, Sept. 1, in taking my customary observation of the forms and positions of the solar spots, an appearance was witnessed which I believe to be exceedingly rare.” The phenomenon…

BTC Rallies to 1-Month High, as ETH Nears $1,300  – Market Updates Bitcoin News

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Bitcoin surged to a one-month high on Dec. 13, ahead of the latest inflation report from the United States. It is expected that consumer prices will fall to 7.3% in November, which would be a drop of 0.4% from the month prior. Ethereum was also higher in today’s session, as prices neared the $1,300 mark. Bitcoin Bitcoin (BTC) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States. Following a low of $16,966.59 to start the week, BTC/USD…

Animoca Brands and TinyTap to Disrupt Education with Auction of Second Set of Publisher NFTs Starting 15 December 2022

Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, and its subsidiary TinyTap, the leading platform for user-generated educational games, today announced that the second series of teacher-authored Publisher NFTs will be auctioned on OpenSea starting at 19:00 (EST) on 15 December 2022. TinyTap provides a code-free platform that empowers educators to create and share interactive educational content and to receive a revenue share when that content is used by learners. TinyTap’s recently introduced Publisher NFTs leverage Web3 technologies and community to improve earning opportunities…

Shiba Inu Continues Decline, Sinks To 15th In Market Cap List

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Shiba Inu has declined by more than 6% in the last week, and as a result, has lost its place in the market as the 14th largest coin to Tron (TRX). Meme Coin Shiba Inu Has Continued To Struggle In Recent Days More than one month following the FTX collapse, SHIB has continued its struggle as the meme coin has been unable to put together any bullish momentum. While the rest of the market was also hit hard by the crash, other top coins have been nonetheless able to show…

Morningstar Ventures Invests $5M to Open 37xDubai, a Novel NFT Art Gallery in Central Dubai

Morningstar Ventures, an investment firm specializing in digital assets and blockchain technology, is opening its first interactive digital art gallery in the heart of Dubai. Located in the Burj Daman Tower (DIFC area), ‘37xDubai’ is positioned amidst Dubai’s business and lifestyle center. 37xDubai aims to bridge art and technology through focusing on web3 education, traditional art, digital art, entertainment, and community. A carefully curated collection of art mixed with digital experiences will make 37xDubai much more than just a gallery. Via educational programs, private events, and monthly gatherings, 37xDubai will…