Jan 20Top Republican Patrick McHenry calls FTX founder Sam Bankman-Fried a “world-class sociopath”The chairman of the House Financial Services Committee, Rep. Patrick McHenry, thinks FTX founder Sam Bankman-Fried is a “world class sociopath” who “represents what is [the] absolute worst about the world of crypto.” Earlier this month, Bankman-Fried entered a not guilty plea on a host of fraud charges stemming from…Sbf2 min readSbf2 min read
Jan 20Stellar appointed as new CFTC blockchain advisorThe Stellar Development Foundation is reportedly going to become a member of a new advisory board established by the United States Commodity Futures Trading Commission. The CFTC will get guidance from the SDF about blockchain technology and digital assets as the SDF takes on a leadership role in the new…Allcryptonews2 min readAllcryptonews2 min read
Jan 20Fairfax County, Virginia Pension Funds Exposed to Genesis BankruptcyGenesis Global Holdco LLc, the parent company of cryptocurrency lender Genesis Global Capital and CoinDesk’s sister company, filed for Chapter 11 bankruptcy protection late Thursday due to its exposure to collapsed hedge fund Three Arrows Capital and crypto exchange FTX. Genesis owes over $3.5 billion to its top 50 creditors…Sbf2 min readSbf2 min read
Jan 20Alleged scammers send FTX 2.0 token from FTX walletsA token called FTX 2.0 (FTX2.0) is being spread among cryptocurrency users from an actual FTX address, one transaction moving 22 million to a wallet controlled by Justin Sun — a co-founder of ethereum (ETH) and tron (TRX). FTX 2.0 is a token deployed on Dec. …Allcryptonews2 min readAllcryptonews2 min read
Jan 20FTX hearing: Objections emerge over role of Sullivan & CromwellReuters FTX defends choice of law firm to guide it through bankruptcy Collapsed crypto exchange FTX will try to convince a judge at a hearing on Friday to sign off on its hiring of lawyers and financial advisers, amid allegations that its chosen law firm’s prior work for FTX creates a conflict of interest. The U.S. Department of Justice’s bankruptcy watchdog…Sbf1 min readSbf1 min read
Jan 20Uniswap Labs releases gasless token approvals on DEXUniswap Labs has rolled out Permit2, a smart contract allowing users to enjoy gasless token approvals. The new release is said to reduce the cost burden for users occasioned by the need for continuous approvals on the same token when Uniswap rolls out a new update to its router. Permit2 for gassless token approvals on Uniswap DEX Uniswap…Allcryptonews2 min readAllcryptonews2 min read
Jan 20Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase goldBitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price range “well defined” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000. The pair edged higher at the Wall Street open…Allcryptonews3 min readAllcryptonews3 min read
Jan 20NFT Steez and Cryptoys CEO discuss the future of toys and entertainment within Web3This week NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens (NFTs) and Web3 as a whole. Weinraub believes that the act of play is “not restricted to children” and believes that as adults…Allcryptonews3 min readAllcryptonews3 min read
Jan 20Bitcoin mining in a university dorm: A cooler BTC storyThe humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC). A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the…Allcryptonews5 min readAllcryptonews5 min read
Jan 20More bitcoin in Avalanche than Lightning NetworkThere is more tokenized bitcoin locked in Avalanche than BTC in the Lightning Network (LN), data on Jan. 18 reveals. Bitcoin in Avalanche Verified data indicates that as of Jan.18, there were slightly over 5,701 BTC in Avalanche, exceeding the amount locked in the LN at 5,229.30 BTC. Avalanche is a smart…Allcryptonews2 min readAllcryptonews2 min read
