In a new indictment unsealed on Tuesday, officials charged Sam-Bankman Fried with bribing Chinese officials to release frozen assets. Federal prosecutors have accused Sam Bankman-Fried (SBF), former CEO of failed cryptocurrency exchange FTX, of attempting to bribe “one or more” Chinese government officials with $40 million, the goal being toContinue Reading
National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of VenezuelanContinue Reading
Using zero-knowledge proofs, ZeroSync seeks to radically reduce the computational costs of bootstrapping a fully-validating Bitcoin client. This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. Zero-knowledge proofs (ZKPs) are something that have been discussed in this space for overContinue Reading
While Nostr is by no means a privacy protocol, it could bring potential improvements to Bitcoin privacy. Nostr, short for “Notes and other stuff transmitted through relays,” is a new communication protocol developed in 2021 by Lightning Network developer fiatjaf, which evolved out of LNBits developer Ben Arc’s attempt atContinue Reading
The founder of Bangkok’s Build On Bitcoin Space discusses Southeast Asia’s Bitcoin-only community and renewable mining in Thailand. In this conversation, Piccolo from the Build On Bitcoin Space in Bangkok, Thailand joined me to chat about Bitcoin adoption in Southeast Asia, where the culture and language differ greatly from thoseContinue Reading
Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400 exahash per second (EH/s). The 400 exahash equates to 0.4 zettahash or fourContinue Reading
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned acrossContinue Reading
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. QuillContinue Reading
The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s formerContinue Reading
Xrp moved back towards a five-month high on Monday, as prices surged for a third straight session. The token formerly known as ripple was one of the very few gainers to start the week, as markets mostly consolidated. Polygon edged closer to a multi-week low to start the week. XRPContinue Reading
