Day: January 6, 2023

US authorities launch page to notify FTX’s alleged victims about SBF’s case

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The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings. In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon requested the federal court allow her office to take “reasonable, accurate, and timely notice” to inform alleged fraud victims from crypto exchange FTX while under the leadership of Bankman-Fried. According to Sassoon, the government proposed an “alternative plan” for notifying victims in…

Huobi net outflows crossed over 60M within the past 24 hours: Report

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Cryptocurrency exchange Huobi has seen over $94.2 million dollars in net outflows within the past week. Within the past 24 hours alone, approximately $60 million has flowed out of the exchange, according to crypto analytics company Nansen. In the past 24 hours, Huobi has seen a significant increase in net outflows $60.9M* of the $94.2M* net outflow in the past week occurred in the past day alone *Contains Ethereum, Avalanche, BNB Chain, Fantom, & Polygon flows pic.twitter.com/JV1Tg13QMY — Nansen (@nansen_ai) January 6, 2023 Nansen also reported that a significant portion…

Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS

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He also “spent bitcoin extravagantly” at strip clubs and on private jet flights. Photos recovered from his cell phone show a lavish evening out at a club: Gary bathing in a tub full of cash, a blissful smile on his face as scantily-clad dancers mingle behind him. A text reveals that Gary paid $122,232 for the privilege of swimming in the pool of 100,000 one-dollar bills surrounded by the dancers. The massive bill included $15,000 for a “dancer fee” and $25,000 for the room. Original

Bitcoin Exchange Deposit Transfers At 4-Year Low, Bottom?

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On-chain data shows the Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here. Bitcoin 30-Day MA Exchange Depositing Transactions Have Declined As pointed out by an analyst in a CryptoQuant post, the metric’s current levels are the same as in Q1 2019. The “exchange depositing transactions” is an indicator that measures the total number of Bitcoin transfers that are headed toward centralized exchanges. The difference between this metric and the more popular exchange inflow is that the latter indicator tells us the…

Block Manager Sees Self-Custody as Future of Crypto Post-FTX

In order to move funds with the wallet, the user must have their phone and be logged into the app with their hardware wallet in hand. Without the two, Guise said, “Block can’t move their money for them.” The third key, which is held by Block in its “cloud recovery services,” is available for users who lose their phone or wallet, he said. Source

SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds

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After Sam Bankman-Fried was handed over to United States officials last month, his top lieutenants — Caroline Ellison and Gary Wang — had already been cooperating with the feds. The two pleaded guilty to a slew of charges and agreed to assist the Southern District of New York to investigate FTX and their former boss. SBF had his day in court on Jan. 3 and pled not guilty to all criminal charges.  As the saga surrounding SBF and FTX intensified, crypto capital market company Digital Currency Group was facing problems…

How Smart TVs Could Help the Metaverse Crack the Mass Market

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Futures Business Grows by 1200% and Exceeds 10 Million Users – Sponsored Bitcoin News

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sponsored Recently, the cryptocurrency trading platform MEXC released two retrospective articles: Major Events in Cryptocurrency Market 2022，Which Affected You the Most? Blog-Top 10 Highlights of MEXC 2022, which respectively reviewed the cryptocurrency market in 2022 and the development of MEXC in one year. 2022 is the most dramatic year for the crypto industry. It has experienced many far-reaching black swan events, such as the LUNA crash and the FTX thunderstorm. For users, project parties or cryptocurrency trading platforms, capital institutions, etc., 2022 was a year of suffering. Also, this year,…

Bitcoin Price Bearish $16,900 But Indicators Point Otherwise

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The Bitcoin price has struggled below $17,000 for multiple weeks now, and it recently dipped below the $16,900 mark. This downward move on the Bitcoin chart could be attributed to the recent Federal Open Market Committee (FOMC) minutes. The minutes of the meetings revealed that the Federal Reserve System would stick with higher interest rates for the foreseeable future. This has evidently sent ripples through the market, causing participants to react negatively. The technical outlook of the asset has reflected a fall in accumulation, but indicators are still positive about…