Day: December 18, 2022

New FTX CEO Told Members of Congress SBF’s Family ‘Certainly Received Payments’ From the Business – Bitcoin News

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According to multiple reports, FTX co-founder Sam Bankman-Fried’s parents face scrutiny over their reported involvement with their son’s business operations. The two Stanford professors Joseph Bankman and Barbara Fried have not been charged with any wrongdoing, but the current FTX CEO, John J. Ray III, recently told members of the U.S. Congress that Joseph Bankman and “the family certainly received payments” from FTX. SBF’s Ethics-Obsessed Parents Face Scrutiny Over Their Alleged Ties With FTX Operations On Saturday, a report from Reuters detailed that the FTX co-founder Sam Bankman-Fried (SBF) will…

Chainlink and Theta Network Might Lose Their Art Demographic to Cryptoons

Strong communities have been established, and the crypto sector has benefited greatly from Chainlink (LINK) and Theta network (THETA). Through the creation of a platform where both sides can cohabit, Cryptoon (CTOON) hopes to close the gap between art and cryptocurrencies. Cryptoons Is Set To Flood The Crypto Space With Art Lovers As a project, Cryptoons is set to give its users access to comic books, graphic novels, mangas, and webcomics. The team behind the project will make sure that every person who joins Cryptoons gets a legitimate return on…

Avalanche, Big Eyes Coin, and Aave Are Three Crypto Assets That Are Unbeatable In The Current Bear Market

Place/Date: – December 18th, 2022 at 10:22 pm UTC · 4 min read Source: Big Eyes Coin This year, Avalanche (AVAX) and Aave (AAVE) have all suffered massive losses, trading volumes have plummeted, and investors are fleeing. Those same investors are interested in Big Eyes Coin, a ground-breaking meme coin that offers community and real-world application for holders of its native token, BIG. In this article, we will outline the features of this meme coin as compared with the top cryptocurrencies on the market. Avalanche (AVAX) The Avalanche (AVAX) blockchain…

Gate.io experiences slowdown in deposits and withdrawals due to node maintenance

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Users of the crypto exchange Gate.io are facing slow deposits and withdrawals on transactions due to a node maintenance from a third-party cloud provider, according to an announcement on Dec. 18.  Gate.io said the transactions are still being processed, and claimed the funds of users are safe. The company stated: “At this moment, we are monitoring the network connection status of our cloud service providers and will expedite the deposits and withdrawals as soon as the network connection is restored.” It is unclear if the delay in transactions is related…

While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher – Mining Bitcoin News

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Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080. During the last 2,016 blocks, Bitcoin’s hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block. Bitcoin’s Difficulty Expected to Jump 3% Higher on Dec. 19, Bitcoin Average Mining Costs Are Higher Than the Current Spot Market Value In roughly 24 hours, the Bitcoin network will experience another difficulty transition, and this time…

‘Big Short’ Investor Michael Burry Says Binance Crypto Exchange Audit Is Meaningless – Here’s Why

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Hedge fund manager Michael Burry, who is known for being one of the first investors to foresee and profit from the collapse of the housing market in 2007, says the recent audit on Binance’s proof of reserves carries zero weight. Following the high-profile implosion of FTX, centralized crypto exchanges have been scrambling to provide proof-of-reserves reports, which aim to confirm that a platform’s reserves match its clients’ assets. The Big Short investor tells his 1.2 million Twitter followers that crypto is a relatively new asset class and that auditors are…