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The Latest Breaking News from Cryptocurrency

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Independent UK

Binance restarts withdrawals of Bitcoin after second halt

NEW YORK: Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets.

The Times of India

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

Tom’s Hardware

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So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

PC Gamer

Crypto’s Rebirth Has Question Marks

Cryptocurrencies have experienced an impressive rebound in 2023. This has also led to a rebound in crypto mining stocks. But will this rally continue?

Barchart

ChatGPT could be worse than cryptocurrency when it comes to scams

Alarm is growing over the rise in ChatGPT scams, with Meta warning it could be worse than what we saw with cryptocurrency.

TechRadar

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Survey upbeat on crypto acceptance

The demographic changes taking place in several countries are expected to drive greater adoption of cryptocurrency and blockchain technology, mainly among the millennial and Gen Z populations, according to a new study.

Bangkok Post

House GOP tries panel collaboration on crypto; Democrats leery - Roll Call

House Agriculture and Financial Services Republicans are collaborating in an effort to agree on a legislative framework for cryptocurrencies.

Roll Call

Bitcoin posts fourth straight month of gains for first time since 2021

Some point to Bitcoin’s rebound as a sign that its price could soon skyrocket.

Fortune

Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again

A Kiplinger staffer describes his experience with Bitcoin and why he won't be investing in the cryptocurrency again.

Kiplinger

Man accused of dealing cannabis for cryptocurrency on the dark web granted bail

Police allege the 55-year-old, who was arrested on the Mid North Coast yesterday, used the proceeds to buy property.

ABC News

AT&T accounts are being hacked to steal cryptocurrency

Attackers are resetting crypto account passwords using AT&T emails, and getting away with major loot.

TechRadar

Bitcoin is terrible for the environment – can it ever go green?

Cryptocurrency mining uses huge amounts of energy, but activists are urging for a change in its code to reduce its environmental impact

The Guardian - US

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Bangkok Post

Zipmex seeks to discuss fines with SEC

Zipmex, the embattled cryptocurrency exchange, has arranged to discuss fines of nearly 11 million baht imposed on the company and its chief executive by the Securities and Exchange Commission (SEC), saying talks with potential new investors are ongoing.

Fortune

Chamath Palihapitiya: 'Crypto is dead in America' thanks to regulators

“The United States authorities have firmly pointed their guns at crypto,” the investor said in a podcast episode released Saturday.

Tribune News Service

$500k or 17.5 Bitcoin? Texas startup lets people buy real estate with cryptocurrency

Buyers wanting to move their cryptocurrency holdings into real estate have a new option beginning Thursday.

Fortune

Staking infrastructure firm P2P.org raises $23 million shortly after upgrade to Ethereum

As blockchains pivot to proof of stake, the companies that streamline staking are looking to profit.

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Los Angeles Times

Shohei Ohtani should be dismissed from FTX endorsement lawsuit, his lawyers say

Shohei Ohtani should be dismissed from a lawsuit alleging his endorsement of the now-bankrupt cryptocurrency exchange FTX, his attorneys argued in a court filing Friday.

Barchart

Are Crypto Mining Companies Rising From the Ashes?

With cryptocurrency markets down around 80% over the past 2 years, crypto mining companies have seen their share price and earnings plummet. Over the past few months however, prices have surged causing many to speculate that the bottom is in for miners. Is this the next bull run or just…

The Guardian - UK

FTX could be revived as more customers’ funds recovered, say lawyers

Cryptocurrency exchange collapsed last year but assets worth $7.3bn have now been retrieved

The Guardian - UK

Bitcoin price rises above $30,000 for first time since June 2022

Cyptocurrency’s steady increase in value reignites fears of widespread market manipulation

Zenger

Doge-Twitter-Musk: The Unholy Trinity Shaking The Crypto World

The cryptocurrency world is no stranger to volatility, but few digital currencies have experienced the use of Dogecoin

Barchart

Bitcoin and Ethereum Shine In Q1 2023

Bitcoin and Ethereum fell steadily from November 2021 through November 2022. However, the leading cryptocurrencies found bottoms and increased from the late 2022 lows. In Q1 2023, Bitcoin, Ethereum, and the asset class’s market cap posted significant gains and outperformed stocks, bonds, traditional currencies, commodities, and other asset classes.

Bangkok Post

Trying to determine if the crypto winter is ending

In late 2022 the cryptocurrency market crashed after a heady period of successive highs. The value of Bitcoin dropped 63%, the overall cryptocurrency market lost $1.63 trillion in value, and thousands of small altcoins were pretty much wiped from existence.

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