Day: February 17, 2023

SBF could ‘conceivably’ get bail revoked, says judge

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Former FTX CEO Sam Bankman-Fried could “conceivably” have his bail revoked after a federal judge said there was “probable cause” to believe he may have engaged in attempted witness tampering.  In the Feb. 16 hearing on Bankman-Fried’s bail conditions, Judge Lewis Kaplan said there was “probable cause to believe that he [Bankman-Fried] has committed or attempted to commit a federal felony while on release, namely witness tampering” according to multiple reports. Kaplan suggested that this could “conceivably” see the FTX founder sent back to jail until his trial date in…

Crypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain’s Newest Rigs

CryptoX – Cryptocurrency Analysis and News Portal Once installed, the new machines will add 2.44 exahash/second (EH/s) to CleanSpark’s 6.6 EH/s of bitcoin mining power, a 37% increase. They will be delivered from the manufacturer to CleanSpark in batches by the end of May. CleanSpark plans to install 15,000 of them in its Washington, Georgia facility, which it acquired from Waha Technologies in August, depending on how an expansion of the site pans out. Source The post Crypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain’s Newest Rigs appeared…

Keanu Reeves Says Dismissing Crypto Will Only Make It Better – Featured Bitcoin News

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Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an independent currency are “amazing.” Keanu Reeves Praises Crypto Famous actor Keanu Reeves talked about cryptocurrency in an interview with Wired, published Tuesday. The Matrix and John Wick star opined: I think the principle, the ideas behind an independent currency are amazing. These are amazing tools for exchanges and distribution of resources. “So, to pooh-pooh crypto, or the…

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

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Only days after reports of United States regulatory scrutiny of Paxos and Binance USD (BUSD), cryptocurrency exchange Binance has minted nearly $50 million worth of TrueUSD (TUSD). The transaction took place on Feb. 16, according to data from Etherscan, and also comes two days after Binance CEO Chanpeng ‘CZ’ Zhao said in a Feb. 14 Twitter Spaces that Binance would look to “diversify” its stablecoin holdings away from BUSD. We’re live! Tune-in to our Twitter Space AMA with @cz_binance below https://t.co/bXIztCKdry — Binance (@binance) February 14, 2023 Despite minting nearly…

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Revenue drops 46% in 2022 — Chainalysis

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Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune. Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46% from 2021. The data came from a Feb. 16 crime report from Chainalysis, which attributed most of the decline in scam revenue to poor market conditions — as lower crypto prices generally result in lower scam performance. Yearly crypto scam…

Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month – Markets and Prices Bitcoin News

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Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing out] building up, it wouldn’t surprise me,” the executive shared. Bitcoin Could Return to $30,000 in Q1, Says Novogratz Galaxy Digital CEO Mike Novogratz shared his bitcoin price outlook Wednesday at a Bank of America conference. The longtime bitcoin advocate believes that BTC could return to $30,000 by…