Tag: News

Bitcoin Rallies After Release of Softer U.S. CPI – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin has climbed to $17,800 at time of writing, following softer U.S. CPI released this afternoon. CPI was expected to be 7.3% year-over-year, but came in at 7.1% and much lower than the previous 7.7%, leading to a strong bullish move higher in Bitcoin and other digital assets. This is because the expected CPI of 7.3% would indicate that inflation is inflecting down convincingly, after decreasing for 2 months in a row, which would signal to the Federal Reserve…

US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin News

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According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of deception.” U.S. SEC Contends Former FTX CEO SBF Committed Fraud, Crypto Firms Warned the ‘Sec’s Enforcement Division Is Ready to Take Action’ Following the arrest of the former FTX CEO Sam Bankman-Fried (SBF) in The Bahamas, the U.S. Securities and…

BTC Rallies to 1-Month High, as ETH Nears $1,300  – Market Updates Bitcoin News

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Bitcoin surged to a one-month high on Dec. 13, ahead of the latest inflation report from the United States. It is expected that consumer prices will fall to 7.3% in November, which would be a drop of 0.4% from the month prior. Ethereum was also higher in today’s session, as prices neared the $1,300 mark. Bitcoin Bitcoin (BTC) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States. Following a low of $16,966.59 to start the week, BTC/USD…

Chinese Company Launches Digital Currency Insurance Product – Featured Bitcoin News

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The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese city of Suzhou alone now exceeds 30 million. Insurance Product ‘Guarantees’ Security of Digital Wallets According to a report, the Suzhou branch of China Pacific Insurance along with the Bank of Communications branch in the same city, recently launched what has been described as…

Panther Completes the Decentralized Launch of Its Protocol’s v0․5, a DAO-Led Effort – Press release Bitcoin News

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press release PRESS RELEASE. Panther, a cross-chain application that will allow retail users as well as institutions to access DeFi privately and compliantly, has launched its v0.5. This was achieved by the protocol’s community in conjunction with Panther Ventures Limited, a Web3 development company destined to develop the blockchain technology and zero-knowledge components of Panther. Panther Ventures Limited collaborators developed the protocol’s software and released it under a BUSL License, which grants users the right to copy, modify, create derivative works, redistribute, and make non-production use of the Licensed Work.…

Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News

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On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully leverage the 160 megawatts of Terawulf’s available mining capacity. Terawulf Raises $10 Million in New Capital, Restructured Bitmain Deal Will Give the Firm 8,200 ASIC Mining Rigs Bitcoin miners have been struggling this year as the price of bitcoin (BTC) has reduced profits…

Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning – Finance Bitcoin News

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Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world defined by a supply-based economy and high levels of inflation. Blackrock Predicts Recession and Persistent Inflation Blackrock, an asset management and investment company, has presented its predictions for what the next year might bring to financial markets. The company, which…

Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023 – Metaverse Bitcoin News

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Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial and retail operations. Nvidia Believes Metaverse Tech Will Be Part of Automotive Industry in 2023 Nvidia, one of the largest AI and graphics companies in the world, predicts that 2023 will be the year in which many automotive companies start integrating their operations with the…

Crypto Twitter explodes over the news of Sam Bankman-Fried’s arrest

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Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon.  On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. Within hours, politicians, crypto executives and influencers all booted up their Twitter apps to comment on the arrest of the FTX’s former CEO. New York Democratic Congresswoman Alexandria Ocasio-Cortez, who’s held a fairly…

Sam Bankman-Fried Wants to Start New Business to Repay FTX Users — ‘I’m Going to Try if I Can’ – Featured Bitcoin News

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Former FTX CEO Sam Bankman-Fried (SBF) has revealed that he wants to start another business in the hope of earning money to repay FTX customers. “I would give anything to be able to do that. And I’m going to try if I can,” he said. SBF Wants to Start a New Business Sam Bankman-Fried (SBF), former CEO of the collapsed crypto exchange FTX, was asked in an interview with the BBC, published Saturday, whether he planned to start a new business venture to earn the money to pay FTX investors…