Lawsuits Against Sam Bankman Halted Until Case Closure

According to the recent verdict by a New York court judge foreseeing the criminal case of the former FTX co-founder, Sam Bankman Fried, the two lawsuits, filed by the major financial regulators in the United States, the SEC and CFTC have been put on hold until completion of the case proceedings. The former FTX co-founder … Read more

Protecting Against Forecasted Risks: How El Salvador’s Adoption of Bitcoin Achieves Stability

Bitcoin Enlightens the Economy House of Republicans Lock Horns with SEC Global Cryptocurrency Regulations Bitcoin Enlightens the Economy In 2021, El Salvador attracted worldwide attention by being the first to declare Bitcoin as an official currency. The IMF recently visited the country in Central America as part of its annual assessment process and after El … Read more

Dubai Imposes Ban on Transactions with Privacy Coins, Including XMR and ZEC

Policies Imposed by VARA Reasons for the Regulations by VARA Fines Involved in Breaking the Rules Imposed The Mechanics of Privacy Coins Revealed The Dubai Virtual Assets Regulatory Authority (VARA) has implemented policies to make Dubai a prominent hub for virtual assets globally. It has outlawed any dealings with privacy coins XMR and ZEC. Policies … Read more

Bitcoin (BTC) Denied Entry by Sri Lanka’s Central Bank Governor

An American venture capital investor, Mr. Tim Draper, tried to convey BTC to Sri Lanka, but his effort was eventually rejected. So instead, he emphasized the assimilation of BTC in Sri Lanka to assist them in countering the ongoing economic disaster. Mr. Tim Draper was in Sri Lanka to film an episode of Meet the … Read more

Hong Kong Plans to Resurrect the Crypto Industry

Hong Kong remains persistent in its pursuit of registering as Asia’s cryptocurrency hub regardless of the disastrous fall from the collapsed digital asset exchange platform FTX. According to Bloomberg, the city announced it was pursuing becoming a universal digital asset hub. Moreover, it stated that it will take note of the lessons from the fall … Read more

Bitcoin (BTC) To Be Made Legal Tender

Arizona would register as the first state in the United States to make BTC legal tender. At the end of last month, the Arizona legislature introduced a new bill to enable BTC legal tender within the United States. If the Bill is approved, Arizona will become the first United States in which BTC has legal … Read more

Crypto Weekly Outlook – SBF “Didn’t Steal Cash” and More

A noteworthy week sees Bitcoin in a recovery mood, and the bellwether crypto even exceeded the $20K level. Moreover, the total cryptocurrency market capitalization surpassed $1 trillion. Let us dig out what the market had over the past seven days. Bitcoin (BTC) Bitcoin overcame a massive trendline on Sunday following seven 24hr green bars that … Read more

Bitcoin (BTC) Climbs Past $18K, and Bulls Could Be Targeting $19K

BTC stretched its surges past the $17.5K and $18K resistance marks. Bitcoin trades beyond $18K and the 100 1hr Simple Moving Average. The 1hr chart shows a notable bullish trend emerging with footing near $17.4K (Kraken stats). BTC/USD might continue uptrends toward the resistance of $19K. Bitcoin price continued its upside strides and climbed past … Read more

FTX Embezzlement: Execs’ Lavish Lifestyles

Uncertainty surrounds the fate of FTX co-founders following the court proceedings that indicate that FTX Co-founder Mr. Bankman (SBF) seeks to be in control of Robinhood Shares currently seized by the United States Government in claims of settling his advocates. According to Delaware bankruptcy court proceedings, many millions were consumed by the FTX group in … Read more

Crypto Weekly Outlook – Huobi & Celsius Drama and More

Cryptocurrency companies continue to struggle in 2023’s first week, with businesses announcing notable layoffs and bankruptcy. So let us check what the year has had for the crypto space within the past seven days. Bitcoin (BTC) The distressing Texas winter storm in December last year forced BTC miners to return nearly 1.5K megawatts of power … Read more

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