In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers representing FTX with Sullivan & Cromwell said that the crypto firm had recovered roughly $7.3 billion in liquid assets and that they will consider rebooting the exchange.
Binance is being sued by the SEC for 'billions in fraud' after allegedly working to subvert 'their own controls' to allow high-net-worth U.S. investors and customers to continue trading on Binance's unregulated international exchange.
The former billionaire frequently advocated for more crypto regulation and portrayed himself and his companies as ethical players in the sector. Let's take a look inside of Bankman-Fried White House meetings before FTX collapse.
According to Worldometer, the global energy consumption of Bitcoin mining alone is estimated at around 0.59% of the world's energy usage. Therefore, Biden’s plan to tax crypto mining might help reduce emissions.
Cryptocurrency miners...
Based on his ownership of the incredibly costly Tesla shares, Musk is the wealthiest person on the planet. But it seems that the billionaire has got into some hot water as Elon Musk, Tesla and SpaceX are being sued for $258 billion over Dogecoin crypto pyramid scheme.
Many people think Bitcoin mining is worthwhile despite the high startup costs. Let's take a look at the cost of mining Bitcoin in 198 different countries and see if it really is worthwhile.
In the past, there have been numerous price corrections for cryptocurrencies. The market has demonstrated the bears' dominance over several cycles. But here is everything you need to know about the ongoing crypto winter.
The finance ministry today announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual digital assets would be under the Prevention of Money Laundering Act (PMLA). The move is the latest step taken by the government to tighten oversight of digital assets.
When asked about the potential reliability of cryptocurrencies compared to gold, Paul Goncharoff, chief manager of Goncharoff LLC, expressed uncertainty about whether Bitcoin will become as stable as gold.
Welcome to the world of Binance Smart Chain. This is the ultimate beginner's guide to the two most powerful cryptocurrencies in the world: Binance Coin (BNB) and Binance Smart Chain (BSC).
