Cryptocurrency

Sam Bankman-Fried agrees to voluntarily testify at US House hearing on Tuesday

Sam Bankman-Fried agrees to voluntarily testify at US House hearing on Tuesday

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Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during a Senate Agriculture, Nutrition, and Forestry Committee hearing in Washington, DC on Wednesday, February 9, 2022. Sarah Silbiger | Bloomberg | Getty Images FTX founder Sam Bankman-Fried agreed to testify before the House Financial Services Committee during a hearing into the crypto exchange’s …

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Republican Congressman Madison Cawthorn waves to supporters during her Primary Election Day watch party in Hendersonville on May 17, 2022.

Rep. Madison Cawthorn fined for improperly promoting cryptocurrency

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ASHEVILLE, NC — Rep. Madison Cawthorn violated congressional ethics rules by improperly promoting a cryptocurrency in which he had a financial interest, according to a report released Dec. 6. The House Ethics Committee, following a seven-month investigation, found that the Western North Carolina congressman “improperly promoted a cryptocurrency in which he had an interest financial …

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Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

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Rob Nichols is president and CEO of the American Bankers Association and Dennis Kelleher is president and CEO of Better Markets, a Washington-based nonprofit that promotes financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crunch and the spectacular collapse of FTX, brought to light the concept of a …

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Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: "The Dam Is About To Burst"

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: “The Dam Is About To Burst”

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Tim Draper, Founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoins will hit $250,000 a coin by mid-2023, even after a killer year for the cryptocurrency marked by industry failures and falling prices. Draper had previously predicted …

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“Smart” crypto money? Great traders fell in love with Sam Bankman-Fried

“Smart” crypto money? Great traders fell in love with Sam Bankman-Fried

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I was shocked when I first learned how a hot mess like Sam Bankman-Fried got away with convincing so many seemingly smart people – big money managers, venture capitalists and all those celebrity ambassadors – that he was such a little investment genius, they should hand over a lot of money for him to play …

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Coinbase CEO Brian Armstrong Says It's "Baffling" FTX's Sam Bankman-Fried Isn't "Already Detained"

Coinbase CEO Brian Armstrong Says It’s “Baffling” FTX’s Sam Bankman-Fried Isn’t “Already Detained”

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FTX founder Sam Bankman-Fried is expected to be in custody now, in regards to Brian Armstrong. The Coinbase CEO said this week that it was “baffling to me that he’s not already in custody.” “The DOJ or someone should be able to do this – based on their public statements, I think there is a …

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Solana Soars, Flow Falls as NFT Market Continues to Fall in November Cryptocurrency

Solana Soars, Flow Falls as NFT Market Continues to Fall in November Cryptocurrency

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In short The overall volume of NFT transactions fell by around 8% in November, while the total number of NFTs sold fell by 23% compared to October. Solana’s trading volume increased after a weak October, while NFT trading on Flow fell more than 50% after falling 60% the previous month. The turmoil in the cryptocurrency …

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European Central Bank Says Bitcoin Is On “Road To Irrelevance”

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

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The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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How Parents Can Teach Their Kids About Cryptocurrency

How Parents Can Teach Their Kids About Cryptocurrency

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There’s so much to cover on the subject of how cryptocurrency and NFTs, or non-fungible tokens, will affect the next generation of investors that I’m going to dedicate two articles to it. The second article, focusing on NFTs, will be published in a few weeks. This first article focuses on kids and cryptocurrency, specifically how …

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Asian stocks rise except for Japan as markets watch China protests

Asian stocks rise except for Japan as markets watch China protests

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TOKYO (AP) — Asian stocks were mostly higher on Tuesday as market jitters eased over protests in China sparked by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while stocks fell in Japan. Oil prices have fallen. Japanese government data released on Tuesday showed the unemployment …

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