Sam Bankman-Fried Again Blames Underlings for Woes as FTX Founder Wraps Up Testimony

"So, it's your testimony that your supervisees told you to stop asking questions?" asked a prosecutor. "Did you call in your lieutenants and ask 'who spent $8 billion?'"

145 +

US senators call to implement strict tax reporting rules for crypto

US Senators urge Treasury and IRS to implement crypto tax rules by December 2023, warning of potential $1.5 billion revenue loss. Four U.S. Senators, Elizabeth Warren, Robert P. Casey, Jr., Richard Blumenthal, and Bernard Sanders, have sent a letter to…

1112 +

Bitcoin Options Open Interest At Near 2021 Peaks, Will BTC Break Above $31,300?

The total Bitcoin Options open interest, the number of open call and put orders, recently rose to $14. 87 billion on June 30 before falling to $10. 74 billion on July 4, on-chain data on July 5 shows.

152 +

Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm Genesis

Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.

189 +

AI Is Taking Over Jobs, but Not in the Way You Expect 

Artificial intelligence agent Billie earned IKEA $1.4 billion through freeing up call center employees to consult. The post AI Is Taking Over Jobs, but Not in the Way You Expect  appeared first on BeInCrypto.

164 +

Bitcoin price swings expected as options worth $4B set to expire

Options contracts tied to Bitcoin are set to expire; something that analysts believe could cause wild bitcoin price swings. Options worth about $4 billion are set to expire on Friday. As of today, the quarterly expiry on crypto options exchange Deribit comprises about 81,000 call options worth about $2.

71 +

Ex-Credit Suisse CEO's Bitcoin (BTC) Bubble Call Backfires

In 2017, former Credit Suisse CEO Tidjane Thiam dismissed Bitcoin as a bubble. Six years later, Bitcoin has surged 318%, while Credit Suisse has been sold for a mere $3 billion

220 +

AI Tokens Market Cap Hit $5.1 Billion: Hype or Hope?

240 +

The Money in Ethereum's Middleware: Can Flashbots Still Call Itself a 'Public Good'?

Should a “public good” have a $1 billion valuation? Valid Points is CoinDesk’s weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.

46 +

Will Option Vaults Dominate Real Yield Products in Crypto?

Options strategies, especially weekly covered call writing, are a very popular yield-generating mechanism used in TradFi. The U. S Covered Calls ETFs alone have a total of $12 Billion under management with the best performing ETF being 19.

144 +

Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model

A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes.

139 +

Mark Zuckerberg expresses confidence in the metaverse

Meta, Facebook’s parent company, still believes in its metaverse plan. The social media giant has reported a loss of over $10 billion during its first ventures into the metaverse. The loss was reported during Facebook’s recent earnings call.

85 +

Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion

Visa recently released its stellar quarterly results. With that, it is also the first quarter after the financial services company amped up its crypto offerings. In its recent earnings call, Visa nThe post Visa reports meteoric rise in crypto-linked payments, volumes cross $2.5 billion appeared first on AMBCrypto.

220 +

Starbucks Card Is Now Reloadable with Cryptocurrencies, Coffee Giant Exploring Tokenizing Through Blockchain

The Seattle-based coffee giant Starbucks (SBUX) reported its fourth-quarter revenue of $8. 15 billion. During its earnings call, President and Chief Executive Officer Kevin Johnson said they are deepening its digital relationship and expanding the reach through payment partnerships with PayPal and Bakkt.

188 +

Bitcoin Options Open Interest Hits $7 Billion While Traders Are Betting on $50,000 Strike

More traders are opening $50,000 call options. But how will it reflect on the current market?

168 +

BiC’s Crypto Video News Show: The Wall Street vs. Main Street Battle Makes Bitcoin Stronger

Gamestop’s explosive rise was no coincidence. “Dumb money,” or as Wall Street likes to call them, “the individual investors,” are giving large hedge funds a taste of their own medicine. The unfolding GameStop Saga caused its market value to rise over $24 billion from $2 billion in a matter of days.

238 +

Bitcoin at $100,000, Lindsay Lohan Predicts

This week in crypto has been a wild ride, or as crypto-lovers call it, “Monday”. Bitcoin was down 25% (and a few hundred billion dollars) and back up in just days. It is hard to agree on where the price will go next.

230 +

Elon Musk Responds to Michael Saylor's Call to Convert Tesla's Balance Sheet Into Bitcoin

Michael Saylor wants to explain Elon Musk how to put $100 billion into Bitcoin

185 +

Nasdaq-listed Billion Dollar Software Firm Reveals its Plan to Invest in Bitcoin in its Search for Yield & to Hedge Dollar Weakness

MicroStrategy, a business intelligence, mobile software, and cloud-based services provider, is planning to make an investment in bitcoin and other digital assets, as per the Q2 2020 Earnings Call of the company held on Jul 28, 2020.

299 +

PayPal: Society has Reached an Inflection Point, Moving From Physical Cash to Digital

Paypal, the payment processing giant, has recorded another strong quarter with $5.26 billion in the second quarter of 2020 and added 1.7 million merchants to its ecosystem. Paypal executives got on a call recently to discuss the future of cash, and during their discussion, they noted that society had reached an “inflection point” post COVID-19 […]

215 +

In Earnings Call, PayPal Execs Cite “Death Of Cash” But Keeps Mute On Bitcoin Buzz

PayPal just announced record revenues of $5. 26 billion and enjoyed a 5% spike in stock prices when the news broke. Apparently, they are still thriving in the midst of a pandemic. According to Fortune.

222 +

Tron Users Call On Founder Justin Sun To Burn TRX Supply As It Crosses Over 1 Billion

Some of the TRON enthusiasts are accusing Justin Sun, TRON’s CEO, of lying about TRX’s fixed amount supply, with Misha Lederman calling on him to keep TRX at below 100 billion. A few TRON fans have expressed on Twitter their negative feelings about Sun and the deception they think he brought to their community. The […]

191 +

$11.4 Billion in Crypto-Based Transactions Flowed Out of China in 2019 Despite Ban: Report

Chinese President Xi Jinping’s call for blockchain adoption really has everyone optimistic that the Chinese central government might also look to regulate crypto trading. However, those hopes came crashing down as the news of the crackdown on crypto service providers in China followed just a few days after the President’s much-talked Blockchain adoption speech. Peckshield, […]

207 +

Burency – The World’s First Insured-Cryptocurrency Exchange

If you are looking at getting into cryptocurrency, your first port of call will most likely be an exchange or a brokerage platform. According to CoinMarketCap there are more than 3,000 cryptocurrencies in circulation today, with a combined market cap of over $220 billion.

182 +

US SEC Halts TON Launch Over $1.7B ICO — Highest-Level Action Yet?

SEC halts $1.7 billion TON ICO in what experts call “highest-level action to date.” Learn the details

127 +

ECB Board Member Benoit Coeure Warms Up to Libra

Stablecoins are a “wake up call” to the international banking industry, potentially reaching 1.7 billion unbanked.

177 +

Litecoin’s [LTC] support has disappeared and analysts say it’s only downwards now

Litecoin had been trying to push back up past it since breaching the $80. 48 support in mid-August. Litecoin has plummeted to a current valuation of $54. 87 at press time and analysts call this a major “doomsday for Litecoin (paraphrased from Alts)” situation.

152 +

Nvidia’s GPU sales finally ‘normalize’ after its crypto-mining craze

Chipmaker Nvidia says its business has finally returned to normal after its cryptocurrency mining hangover has subsided. In its latest quarterly financial report, published yesterday, Nvidia posted 17 percent growth in revenue – from $2.

154 +

Facebook’s Crypto Libra Shouldn’t Become Sovereign Currency, Blasts French Finance Minister

By CCN Markets: Facebook’s unveiling of Libra, its cryptocurrency project coming in 2020, has caught the attention of many, including the French Finance Minister. Bruno Le Maire, speaking on French Radio, has said that this new cryptocurrency cannot operate as a sovereign currency.

177 +

$10.8 Billion Bitcoin Tussle Heats Up as Florida Court Summons Craig Wright

By CCN Markets: Craig Wright is to appear in a Florida court next week to contest allegations that he stole 1. 1 million Bitcoin from his old friend, Dave Kleiman. Wright had initially appealed to postpone proceedings or be allowed to attend via video conference call.

258 +

Buffett’s Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months

By CCN: In a shockingly-bullish call, Piper Jaffray predicts that Amazon stock will surge to $3,000 in as little as two years. That means Warren Buffett and Berkshire Hathaway’s recent $900 million AMZN acquisition could be worth $1.

176 +

Latest Hack Sparks Concern Whatsapp Will Never Be Secure

Facebook’s popular messaging app with 1. 5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call.

201 +

PSA: Update WhatsApp now to prevent spyware from being installed on your phone

WhatsApp, the messaging app used by more than 1. 5 billion worldwide, says it’s patched a critical security vulnerability which allowed attackers to secretly infect phones with malicious spyware by just calling phone numbers over an in-app audio call.

186 +

Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.

558 +

Billion Dollar Loser Trump’s Terrifying Debt Addiction Can Bankrupt Us All

By CCN. com: Time to wake the f**k up. Donald Trump is not the self-made business genius you think he is. The president is many things. He’s a great leader. He knows how to rally people and inspire action.

202 +

Stakeholders Call for Major Bitcoin Exchanges to Delist Tether

There is currently a growing call from many in the cryptocurrency industry for major Bitcoin exchanges to delist Tether (USDT). This development comes amid an investigation into suspected fraudulent activity by Tether and Bitfinex running into almost a billion USD.

152 +

Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

509 +

Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly

By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call.

168 +

Anti-Bitcoin Banks Paid Over $243 Billion in Fines Since the Financial Crisis

Banks are quick to label Bitcoin the money of criminals. But banks fines since the financial crisis have totaled over $243 billion. Bitcoin fines? Zero. Isn’t it time for society to open its eyes? Banks Don’t Want to Work with Cryptocurrency Companies I tried to make a small purchase from a well-known cryptocurrency exchange earlier this week.

185 +

Crypto Bubble Chaser’s Last Warning: Analyst says Time to Take Profit on BNB Coin

The 8th largest cryptocurrency by market cap of $2.1 billion, Binance Coin (BNB), the native token of biggest cryptocurrency exchange, Binance has been enjoying the gains since this year started but is it time for BNB rally to call it quits, analyst and traders think so. if you still havent taken profit on $BNB, this […]

245 +

Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits

Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019.

194 +

Op Ed: Why It’s Unsafe to Store Private Crypto Keys in the Cloud

There are two primary reasons why storing your private crypto keys in the cloud is a bad idea. First, your cloud provider represents a centralized honeypot that could experience a security breach, allowing cyber criminals to access your data.

462 +

Trump Wall Talks Reach ‘Tentative’ Agreement – Still Not Enough to Avoid Another US Govt Shutdown?

Just when we thought Congressional leaders were incapable of compromise in order to avoid another government shut down, they surprise us. They announced late Monday that an agreement over border funding had been reached.

125 +

Could Apple Buy Netflix with its $250 Billion Cash Stockpile?

As Apple’s iPhone revenue falls and it looks to other income streams, JPMorgan is speculating that Apple could buy Netflix, or even a company like Sonos, or Activision Blizzard. In last week’s earnings call, Apple revealed it was sitting on a $245 billion cash stockpile.

180 +

Apple will reduce international prices for future iPhones

During its earnings call yesterday, Apple revealed that its quarterly revenue for fiscal 2019’s Q1 (which ended on December 29, 2018) was down by 5 percent compared to a year ago, at just over $84 billion.

201 +

Day of gloating for XRP holders is over, time to sink along with the market

Ripple’s token was moving against the market the whole day but in the end, it fell in the bear clutches as well. This nice run generated a strong delusion in the XRP community, with some even starting to call for “flippening” of bitcoin (they need mere $65 billion and they are the number one crypto).

233 +

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

“Go for the Jugular” is the advice George Soros gave to his team during his famous attack on the British pound for a profit of $1 billion on so-called Black Wednesday in 1992.

428 +

Bitfinex Challenges Insolvency Rumors, Provides Proof of Wallet Reserves

Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question. The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent.

321 +

[promoted] Equity Trust Forges a New Path for Crypto-Based IRA Investments

Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings.

737 +