Crypto - Unusual Whales (Page 2)

FTX plans crypto exchange revival as it starts talking to investors

Per Reuters The new FTX CEO John Ray shared a statement as cited on Wall Street Journal regarding the company's plans to revive its crypto exchange. Per the new CEO replacing former Sam Bankman-Fried, it was reported that interested parties are being approached regarding a potential relaunch.

Bitcoin

Record high 15 million Bitcoins are being held by illiquid entities

Per Business Insider Illiquid entities, those with little-to-no spending history, are now holding a record-high amount of Bitcoins, giving signs of accumulation happening. The total number of Bitcoins held increased by 215,000 to 15,207,843 Bitcoins in total. Data from Glassnode, cited by CoinDesk revealed

feds

Fed's Jerome Powell says 'stablecoins are a type of private money'

Per American Banker It's long been debated as to whether stablecoins should be considered money under the government, and now, the Federal Reserve's Jerome Powell finally clarified what they thought about stablecoins. Fed Chair Powell said that they were a type of private money. Powell: "

binance

Binance US marketshare dropped from 16% in April to 4.35%

Per Crypto News While the SEC has been going after Binance and Coinbase, it was recently reported that the marketshare for Binance US has dropped significantly. The decline was reportedly from 16% in April to now just 4.35%. Binance US is the company's US-based crypto exchange

Triterras

Terra founder Do Kwon sentenced to 4-month jail time after being found guilty of document forgery

Per ABC News After the collapse of Terra, in relation to the collapse of LUNA and its stablecoin UST, Do Kwon has been floating, facing lawsuits but hasn't yet been sentenced, until now. Terraform Labs Do Kwon has officially been charged with four months in prison for forged

sec

SEC flags 19 crypto tokens as 'unregistered securities'

Per Bloomberg The SEC flags 19 crypto tokens as "unregistered securities." This comes as the agency is going hard on crypto exchanges like Coinbase and Binance for reportedly listing "unregistered securities." Here are the mentioned tokens 1. ADA (Cardano) - Cardano blcokchain 2. ALGO (Algorand) - Algorand blockchain

blackrock

BlackRock files for spot Bitcoin ETF

Per CNBC BlackRock is making a move regarding crypto, while the SEC is going after Coinbase and Binance. The firm has just filed for a spot Bitcoin ETF with the SEC to allow for exposure to crypto from one of the largest names on Wall Street. This is a move

kim

Federal Judge dismissed Kim Kardashian, but US District Judge gives plaintiffs a new chance to pursue action

Per Coin Telegraph Kim Kardashian was one of the celebrities that got into trouble for promoting EthereumMax (EMAX), which was now defunct. Although previously fined and dismissed by the Federal Judge, a new US District Judge is giving plaintiffs a new chance to pursue action. Kim Kardashian and Floyd Mayweather

sec

SEC's Gary Gensler: 'We already have digital currency. It’s called the U.S. dollar'

Per CNBC SEC Chair Gary Gensler is taking a strong stance against digital currency, saying there was already a digital currency, the "US dollar." He then pointed out other currencies and said they were already digital. This comes as Gensler is pressing against crypto and other digital currencies

coinbase

Coinbase sued by SEC over staking program, alleging it operated as an unregistered exchange and broker

Per CNBC Coinbase was recently sued by the SEC over its staking program. This included allegations that the crypto company acted as an unregistered exchange and broker. The allegation also specifies how "13 assets listed on its platform were considered crypto securities." The exchange reportedly saw its shares

binance

Binance's CZ sued by SEC for breaking US Securities

Per Bloomberg Binance Holdings Ltd.'s CEO, Changpeng Zhao, has been a prominent figure in crypto and is known as one the person who would've bought FTX upon its collapse but, as it did due diligence, found massive red flags within the country. Now, CEO CZ is

senator

Senator Elizabeth Warren says crypto is assisting in funding the fentanyl trade

Per Decrypt Senator Elizabeth Warren has recently made a statement regarding the fentanyl trade and how it was funded. The US Senator points towards the use of crypto in funding it. Warren: "This group sold enough precursor drugs in exchange for crypto to produce $540 billion worth of fentanyl

tether

Tether wants to back USDT by buying Bitcoin

Per CNBC Tether, the crypto giant behind USDT, the most popular stablecoin, said that it would be buying Bitcoin to back its stablecoin. The amount that they would spend is roughly around $222 million. For those that don't know, USDT isn't just the most popular but

shaq

Shaq tries to dismiss the FTX lawsuit citing how the summon papers were "tossed" at his moving car

Per BI Shaquille O'Neal was among some of the most popular celebrities that were also caught up in legal issues due to their promotion of FTX. The former NBA player is now trying to dismiss the FTX lawsuit, citing how the summon papers were "tossed" at

warren buffett

Warren Buffett says there's a lot of gambling in the marketplace, adding that 'Bitcoin is a gambling token'

Per CNBC In a recent CNBC interview with Warren Buffett, the Berkshire Hathaway CEO shared his thoughts on the market, saying it is now full of gambling. He also called Bitcoin a "gambling token." Buffett argued that Bitcoin didn't have intrinsic value and that its properties

treasury

US Treasury gives DeFi warning, saying it poses 'the most significant current illicit finance risk'

Per Coin Desk The US Treasury has released its "2023 DeFi Illicit Finance Risk Assessment" and gave its two cents regarding DeFi. The post discussed the risks that could be associated with decentralized finance. Brian Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence, gave a

fbi

FBI struggles to analyze SBF's laptop due to data overload

Per BI While still being investigated, prosecutors are saying that they are struggling to analyze Sam Bankman-Fried's laptop due to the amount of data it contains. Nicholas Roos, the Assistant US Attorney, shared how it would take weeks to extract Slack messages alone from the laptop. Roos

kraken

Kraken signs multi-year sponsorship deal with F1 team Williams Racing

Per Coin Telegraph For the first after the whole crypto fiasco with crypto exchanges like FTX going bust, a Formula 1 team is finally opening up again to crypto sponsorships despite the wake of multiple crashes across the market. Williams Racing F1 team has accepted a sponsorship partnership and Web3

sbf

Sam Bankman-Fried is charged with paying $40 million in bribes to at least one Chinese gov't official

Per NBC News Sam Bankman-Fried faces multiple charges related to the collapse of the now-bankrupt FTX. The latest charge is bribery, with the accusations saying he paid $40 million to at least one Chinese gov't official. Indictment documents accused SBF of successfully bribing a Chinese government

ftx

FTX lawyers cost the disgraced crypto firm $38 million for Jan alone, with new CEO John Ray III billing $305,565 for Feb

Per BI After the collapse of FTX, the disgraced crypto firm had to employ hundreds of lawyers, consultants, and accountants, among others, to investigate what happened. In January alone, the crypto firm was billed $38 million for the services of the hundreds hired. CoinDesk cited court records showing how law

ftx

FTX paid Sam Bankman-Fried a total of $2.2 billion in total through related entities

Per Reuters As the investigation of what went wrong with FTX continues, the new management found that Sam Bankman-Fried received a total of $2.2 billion in transfers from related entities. It was noted that overall, $3.2 billion was transferred to founders and key employers. The transfers weren&

bridgewater

Bridgewater's Ray Dalio: "Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention"

Per Coin Telegraph Bridgewater founder Ray Dalio has given a statement regarding Bitcoin, saying it doesn't have any relation to anything. Dalio says that the attention that it gets is too big for its size. On Feb 2, Dalio gave a statement on Squawk Box, CNBC, regarding the

crypto.com

Crypto.com sues a woman for using the $10.5 million accidentally sent to her after she asked for a $100 refund

Per Decrypt An Australian woman asked Crypto.com for a $100 refund, and instead of being sent the exact amount, $10.5 million was sent to her account. Now, the company is suing her after she bought a luxury house and went on a spending spree. 7news shared how Crypto.

sbf

Prosecutors said SBF deleted tweets and a Slack message after being told to preserve FTX records

Per Business Insider Disgraced FTX founder Sam Bankman-Fried reportedly deleted tweets and a Slack message despite being told the complete opposite. This happened when SBF was reportedly told to preserve records for the regulators. The ongoing investigation's recent developments saw the founder receiving four new charges by

visa

Visa and Mastercard push back on crypto services, citing the need for better regulations and market conditions

Per Reuters Visa and Mastercard have decided to push back on their decision to offer crypto services. This comes as the two companies cite the need for improvement in terms of regulations and market conditions. The information reportedly came from people that were familiar with the topic but said that