Bankrupt Crypto Giant FTX Recovers $5 Billion of Assets
FTX Trading Ltd., the giant crypto exchange company forced to file for bankruptcy in November 2022, has reportedly located more than five billion dollars worth of assets. FTX has been in hot water since a mass exodus of its users...
US Bitcoin Miner, ‘Core Scientific,’ Is Filing for Bankruptcy
Core Scientific, one of the largest bitcoin miners registered in the US, is filing for bankruptcy. The Texas-based company filed for bankruptcy on Wednesday. The firm said that it would continue mining bitcoin whilst it works out a restructuring deal...
Bankman-Fried Founder of Failed Crypto Empire FTX Arrested
Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was arrested Monday in the Bahamas at the request of the U.S. government. In a statement, the government of the Bahamas said the arrest came after officials received "formal notification...
Cryptocurrency Empire FTX Collapses into Bankruptcy
Cryptocurrency exchange FTX filed for bankruptcy in the US on Friday, seeking court protection as it looks for a way to return money to users. Former boss Sam Bankman-Fried has also stepped down as chief executive, the company said. It...
Kim Kardashian Fined $1.26M by SEC for Promoting Cryptocurrencies
According to a statement released by the U.S. Securities and Exchange Commission (SEC), reality television personality Kim Kardashian was charged on Monday with improperly endorsing cryptocurrency security. The agency claimed that Kardashian decided to settle the allegations without acknowledging or...
Bitcoin Mining is Environmentally Unsustainable, New Research Shows
The world's most controversial cryptocurrency, Bitcoin, has a climate impact greater than the production of beef and results in nearly as much environmental damage as crude oil, researchers in the United States have calculated. Research from the University of New...
Greece Sixth for Most Cryptocurrency ATMs in European Union
Even with little awareness of cryptocurrency and blockchain technology, Greece ranks sixth in terms of the number of cryptocurrency ATMs. This is out of twenty-seven European member states. There are currently sixty-four active ATMs for usage, mostly concentrated in the...
What is an NFT? How Non-Fungible Tokens Took Over Crypto
If you're an avid investor in cryptocurrency or a digital art lover, it's likely that you've heard about non-fungible tokens, commonly referred to as "NFTs." So what exactly are NFTs? Non-fungible tokens certify the ownership of a one-of-a-kind piece of...
Satoshi Nakamoto, Creator of Bitcoin: Who is Behind the Pseudonym?
"Satoshi Nakamoto" is universally credited as the founder of the now ubiquitous cryptocurrency Bitcoin, but who is Nakomoto?
Bitcoin is Sinking but El Salvador President Tells Investors to “Enjoy Life”
The value of Bitcoin has plummeted but El Salvador President Nayib Bukele said his country's worried investors should still "enjoy life." "Patience," he instructed, "is the key." The words of reassurance came in a tweet late Saturday, shortly after the...