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Cryptocurrency News

Location American Cryptocurrency News for 11 December 2022
Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printe...
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FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who wouldn’t become...
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Abnormal token price movements on Binance not hack-related, confirms CZ On Dec. 11, Binance issued a notice about abnormal price movements for some trading pairs. As a result, the exchange began an investigation to narrow down suspicious accounts responsible for the issue.
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Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million fro...
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Binance's proof-of-reserves raises red flags: Report

Coin Telegraph - 11 Dec 2022 21:39
Binance's proof-of-reserves raises red flags: Report Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern.
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Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to 'Stop Trying to Depeg Stablecoins' According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purport...
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Lodestar Finance exploited in flash loan attack

Coin Telegraph - 11 Dec 2022 17:48
Lodestar Finance exploited in flash loan attack The main vulnerability behind the attack was within GLP oracle and how it conducts its price.
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Crypto Experts are Stocking Up on This New Altcoin With Less Than 24 Hours Before Its Presale Ends - Here's Why With only hours remaining in the presale, the sustainable cryptocurrency IMPT has raised over $18.6 million, with $1 million per day coming in in the final days as crypto experts and influencers spread the project's virt...
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New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors' Names Unsealed Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Company, and the Financial Times (FT) want the redacted information tied to ...
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SBF 'didn't like' decentralized Bitcoin -- ARK Invest CEO Cathie Wood Bitcoin was not an option for "control" of the market by Bankman-Fried, Wood says, as Michael Saylor says he "undermined" the BTC network.
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FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain -- Week in Review It’s been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison’s account at FTX. In related news, Elon Musk has been criti...
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Looking at DeFi's Untapped Potential

Crypto News - 11 Dec 2022 13:00
Looking at DeFi's Untapped Potential Gwendolyn Regina is Investment Director at BNB Chain.__________ Decentralized finance (DeFi) is the largest and most innovative crypto vertical in the last two years. DeFi has used smart contract platforms as a base to d...
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Another Member of Russian Crypto Pyramid Finiko Arrested in UAE Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the secon...
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Bitcoin Price and Ethereum Prediction; Economic Downturn Concerns for 2023 On Sunday, Bitcoin is trading sideways, maintaining a narrow range of $17,000 to $17,350 level. Similarly, Ethereum has risen above the $1,250 level, a support level that's extended by an ascending triangle pattern. Majo...
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Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia's financial intelligence agency. At th...
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Sam Bankman-Fried's parents no longer on the Stanford Law School roster Joseph Bankman and Barbara Fried have started facing professional consequences for their child Sam Bankman-Fried's illegal actions.
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Judge Dismisses Crypto Lawsuit Against Kim Kardashian A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basi...
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