Day: January 12, 2023

FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention – Bitcoin News

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While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX and Funding for Research to Discredit Covid-19 Treatments There are several reports claiming that Sam Bankman-Fried (SBF), the co-founder of the now-defunct crypto exchange FTX, helped fund causes related to pandemic prevention. During the first…

US House Republicans plan to establish crypto-focused subcommittee: Report

Republicans in the United States House of Representatives reportedly plan to step up their oversight of the crypto industry with the creation of a new subcommittee. According to a Jan. 12 report from Politco, North Carolina Representative Patrick McHenry, chair of the House Financial Services Committee, said he planned to set up the subcommittee in part due to “a big hole” in how the committee is currently structured. Arkansas Representative French Hill and Ohio Representative Warren Davidson will reportedly be the chair and vice chair of the subcommittee, respectively, focused…

Crypto community unimpressed by SBF’s lengthy Substack letter

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The crypto community has voiced their opinions on former FTX CEO Sam “SBF’ Bankman-Fried’s “pre-mortem overview” of the collapse of FTX he published on Jan. 12 as a letter on Substack.  https://t.co/XVd0BPHxEU — SBF (@SBF_FTX) January 12, 2023 As previously reported by Cointelegraph, SBF denied the allegations made against him in the lengthy letter and maintained that FTX US had been “fully solvent” at the time the firm filed for Chapter 11 bankruptcy, with approximately $350 million in cash available. Bankman-Fried further stated that FTX International had a substantial amount of assets (approximately…

Polkadot Breaches $5, These Levels Remain Crucial For DOT

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Polkadot has finally managed to break past the rigid price resistance mark of $5. Over the last 24 hours, DOT increased by more than 6%. In the past week, the coin has secured double-digit gains. Bitcoin moved into its daily chart’s $18,000 price zone, pushing altcoins on their respective charts. Although DOT rallied in the last 24 hours, the altcoin is still not out of the woods. The altcoin must remain above two price levels. The technical outlook still sided with the bulls, but there was a fall in the…

Polygon’s Blockchain To Undergo Hard Fork

To address its problem of relatively frequent reorgs, Polygon wants to reduce the amount of time it takes to finalize a block to verify successful transactions. The plan is for Polygon’s “sprint length” to be reduced from 64 to 16 blocks, meaning that a block producer can produce blocks for a much shorter time period, from (128 seconds to 32 seconds). Source

Nigerian crypto exchange Roqqu receives European virtual currency license

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Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world’s largest crypto markets. Speaking to Cointelegraph, the company said that  seeks to attract early traders looking to gain an edge in the crypto space by offering a better experience for newcomers and competitive fees. With the expansion, Roqqu plans to reach over 5 million users in…

Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales – Bitcoin News

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Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past 24 hours, the “Win Trump Prizes” collection has seen 38 ether, or roughly $53,000 in sales, on Thursday, Jan. 12, 2023. Trump’s NFT Prize Collection Auctions off on Opensea’s NFT Marketplace The former president of…

Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next

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Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure likely peaked at 9% in June. Furthermore, on Jan. 11, FTX…