Month: January 2023

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, tradersโ€™ 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 โ€” highlighting that the inflationary pressure likely peaked at 9% in June. Furthermore, on Jan. 11, FTX…

Sam Bankman-Fried Blogs Like a Robin Hood, but in Court He’s Not So Charitable

Thatโ€™s legitimate, Bankman-Fried argued; the Substack post said he โ€œdidnโ€™t steal funds.โ€ Alamedaโ€™s ex-CEO Caroline Ellison has, however, pleaded guilty to charges including commodities fraud, which includes the allegation that she misappropriated FTX customer funds to satisfy Alamedaโ€™s souring loans. Source BankmanFriedblogsCharitableCourtHesHOODRobinSam CryptoX Portal

90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year,ย but that is not stopping users and enterprises from looking into the industry. A new survey from CasperLabs and Zogby Analytics revealed that the sentiment around blockchain adoption is especially positive among enterprises. The poll was conducted via 603 business enterprise โ€œdecision makersโ€ in the United States, the United Kingdom and China. Nearly 90% of the businesses surveyed reported deploying blockchain technology in some capacity, with 87% saying they plan to invest in blockchain in the next year. This isย particularly…

Like son, like father as Joseph Bankman retains attorney: Report

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Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward. According to a Jan. 12 report from Reuters, Bankman retained Sean Hecker of New York-based law firm Kaplan Hecker & Fink LLP. Bankman-Friedโ€™s father reportedly advised and assisted his son on matters related to lobbying lawmakers in Washington D.C. and may now be cooperating with prosecutors behind SBFโ€™s case. Itโ€™s unclear at the time of publication whether Bankman has any criminal or civil liability…

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies โ€“ Bitcoin News

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In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoinโ€™s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or Around Aug. 3, 2023 Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a block reward halving in 202 days. It will be the first major proof-of-work (PoW) cryptocurrency to have a reward halving, besides…