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Crypto
Bitcoin price liquidation risk increases as BTC struggles to reclaim $18K
Bitcoin (BTC) price had a mixed reaction on Dec. 9 after the November report on United States producer prices showed a 7.4% increase versus 2021. The data suggested that wholesale costs continued to rise and inflation may last longer…
A Supreme Court case could kill Facebook and other socials — allowing blockchain to replace them
The internet — arguably the greatest invention in human history — has gone awry. We can all feel it. It is harder than ever to tell if we are engaging with friends or foes (or bots), we know we are being constantly surveilled in the name…
SBF tried to destabilize crypto market to save FTX: Report
Tether executives and Binance CEO Changpeng “CZ” Zhao worried that Sam Bankman-Fried (SBF), former FTX CEO, was attempting to destabilize the crypto market aiming to save the now-bankrupt exchange, according to reports on Dec. 9.Messages…
Goldman Sachs buying crypto firms, FTX news, 3AC and Celsius updates: Hodler’s Digest Dec. 4-10
Top Stories This Week
7 class action lawsuits have been filed against SBF so far, records show
Former FTX CEO Sam Bankman-Fried has been named in seven class action lawsuits filed since the fall of his crypto empire.…
5 tips for investing during a global recession
The economy is facing an outlook bleaker than a Welsh weather forecast, and few are rushing to buy risk assets. Here are a few tips for weathering unfavorable market conditions.Option #1: Save cashThere’s no shame in sitting on the…
What is stagflation, and how could it impact the cryptocurrency markets?
Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if…
Binance suspends trader’s account after complaints on Twitter
Crypto exchange Binance closed a trader account on Dec. 9 after a user complained about the exchange's response for alleged funds theft. Binance CEO Changpeng “CZ” Zhao said the firm does not want to service "unreasonable" clients.A user…
Bitcoin mining project in Kenya helps power rural community
A hydro-powered crypto mining project based in Africa released an update on its efforts to bring energy developments to rural communities via Bitcoin (BTC).On Dec. 9, Gridless Compute tweeted photos and commentary on how their…
Yuga Labs, Moonpay faces lawsuit over celebrities NFT promotion
Yuga Labs, creators of Bored Ape Yacht Club (BAYC) and crypto fintech Moonpay are facing a class-action lawsuit for allegedly using celebrities to misleadingly promote and sell nonfungible tokens (NFTs). Over 40 people and companies are…
Gensler’s approach toward crypto appears skewed as criticisms mount
Since taking over at the United States Securities and Exchange Commission (SEC), chairman Gary Gensler has repeatedly been referred to as the “bad cop” of the digital asset industry. To this point, over the past 18 months, Gensler has…