Michael Novogratz’s crypto-focused financial services firm, Galaxy Digital, will purchase Argo’s Helios Bitcoin (BTC) mining facility and provide an additional $35 million loan to assist with restructuring efforts. This was announced in an official press release issued by Argo Blockchain.…
Crypto Twitter Is Bewildered By SBF’s $250M Bail and Return to Riches.
Crypto Twitter appears to be upset with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parents’ Palo Alto home without paying a single dime. The former FTX CEO arrived in New York from the…
Stablecoin Settlements Could Surpass Visa and All Major Card Networks In 2023
Stablecoins are extremely important in today’s crypto economy, and despite the recent drop in the broader market, stablecoin volumes continue to dominate most exchanges. $7 Trillion In 2022 According to Coin Metrics data, on-chain stablecoin settlements surpassed $7 trillion in…
FTX’s Sam Bankman-Fried Finally Extradited to the US to Face Criminal Charges
A plane carrying Sam Bankman-Fried, the former CEO of FTX, has arrived in the United States from the Bahamas, where he is facing fraud charges related to the collapse of the crypto exchange, which wiped out billions in valuations. Wednesday…
FTX Fallout Affecting Sports Sponsorships
4 Billion people all over the world watched the world cup final on Sunday for the love of the sport The pomp and color made for a great showing as fans screamed their lungs out every time Lionel Messi or…
Survey: A Third of Singles In the Market Are Willing to Date In the Metaverse
Online dating has already become a common occurrence in modern romance. According to Statista, there will be nearly 280 million online dating users by 2024. According to data from a recent survey conducted by Dating.com, an online matchmaking platform, many…
Cardano Advances Blockchain Technology with Two New Innovations
Charles Hoskinson’s Cardano, a blockchain platform known for its emphasis on security, scalability, and sustainability, is introducing two new innovations that are expected to advance the platform’s capabilities. Cardano’s New Price Index The first innovation is CIP-1694, a mechanism for…
BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts
BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…
Coinbase CEO Wants the Crypto Industry Regulated to Protect Investors
On December 20, Brian Armstrong, the CEO of Coinbase, outlined a plan for regulating centralized entities in the cryptocurrency industry while safeguarding decentralized ideas. Centralized Exchanges Prone to Harm According to Armstrong, the best thing for the sector would be…
Democrats Want to Return Over $1 million of SBF’s Donations to FTX Victims
Three well-known Democratic organizations have resolved to return over $1 million to investors who lost their money as a result of misappropriation following the arrest of former FTX CEO Sam Bankman-Fried (SBF). FTX’s Campaign Contributions After the businessman was charged…