Cryptocurrency

Bitcoin
New York Governor Bans Crypto PoW Mining For 2 Years

On November 22, New York Governor Kathy Hochul officially enacted a two-year ban on proof-of-work (PoW) crypto mining, making it the first state in America to do so. Mining Now Restricted to Green Companies The PoW mining moratorium will not…

Cryptocurrency
JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers

The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO).  JP Morgan’s Crypto Plans The legacy bank will start providing…

Crypto Exchange
FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings

Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office.  Trading Stopped Indefinitely A tweet from Liquid Global’s…

Cryptocurrency
Genesis Disputes “imminent” Intentions to Declare Bankruptcy.

Genesis, a cryptocurrency loan firm, has denied rumors that it is preparing to file for bankruptcy “imminently” if it is unable to meet a $1 billion shortfall brought on by the collapse of cryptocurrency exchange FTX. Company Couldn’t Raise Capital…

Cryptocurrency
Billionaire TV Show Investor Vows to Retain Funds In Crypto Exchanges Despite FTX Crash

Cold storage, in Sharktank investor Kevin O’Leary’s opinion, is not an option for him or for businesses that had to maintain a particular percentage of industry exposure. The kind of liquidity they would require for the day-to-day functioning of their…

Cryptocurrency
SBF’s Lawyers Terminate FTX Representation Citing Conflict Of Interest

Sam Bankman-Fried (SBF), the FTX CEO, no longer has legal representation from Paul Weiss, citing a conflict of interest.  The choice to discontinue representation following SBF’s tweets was judged to obstruct the law firm’s reorganization efforts. SBF’s Cryptic Tweets Complicate…

Cryptocurrency
Crypto Community Fears FTX Contagion May Harm Grayscale

Following the collapse of FTX and worries about market contagion, Grayscale Bitcoin Trust (GBTC) shares are trading at a record discount of 42.69% to the value of the underlying asset. 74 Percent Price Drop As of press time, GBTC shares…

Cryptocurrency
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet

On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…

Cryptocurrency
Ripple Announces Machine Learning For ODL In Preparation For Significant Growth

Ripple Swell conference came to an end on Nov 17, and CEO Brad Garlinghouse announced significant advancements for the adoption of RippleNet and On-Demand Liquidity (ODL). The development of Central Bank Digital Currencies was one of the conference’s key areas…

Cryptocurrency
Tom Brady And Other Celebrities Face Class Action Lawsuit For “Promoting” FTX

A class action lawsuit has been brought by FTX investors against the platform’s founder and former CEO as well as a number of well-known figures who supported it. The class action, which was filed on Tuesday evening in Miami, asserts…