Crypto news
Crypto Stories: The late John McAfee tells the story of how he first found out about Bitcoin
From the Cointelegraph archives, John McAfee tells his crypto story and takes a look back at his very fascinating life. Early in his life, the computer programmer landed a job at the United States National Aeronautics and Space Administration, also known as NASA, and worked on the world’s first weather satellite. There, he learned about computer security and people’s concerns over unauthorized actors gaining access to private data. McAfee also shared that he made all his money not from the popular “McAfee” antivirus software but from other projects. He explained: “People know me from McAfee, but no, that was not my greatest success. That was some trivial thing. It was my future things, which I did not attach my name to, that taught me and made me all of my money.” In 2011, McAfee’s friends...
Blockchain-based supply chain platform canned by IBM and Maersk
United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform, which should take full effect by Q1 2023: “The TradeLens team is taking action to withdraw the offerings and discontinue the platform […] During this process all parties involved will ensure that customers are attended to without disruptions to their businesses.” While the blockchain-based shipping solution was introduced by the two firms in August 2018 to help industry participants adopt more efficient international supply chain p...
Brazil passes law to legalize crypto as a payment method
While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the country. The Chamber of Deputies of Brazil, a federal legislative body, has passed a regulatory framework that legalizes the use of cryptocurrencies as a payment method within the country. While this makes significant progress for crypto within Brazil, the law still requires the signature of the president of Brazil for it to be enacted. The passing of the bill does not make any cryptocurrencies legal tender within the country. However, the bill will include digital currencies and air mileage programs in the definition of payment methods that are under the supervision of the country’s central bank. After being passe...
South Korea issues arrest warrant for Do Kwon’s former colleagues
Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra ecosystem. The Seoul Southern District Prosecutors Office in South Korea suspected that Shin possessed Terra (LUNA) tokens, which were pre-issued without the public knowledge of investors. In doing so, Shin allegedly bagged profits worth 140 billion won (roughly $105 million) by selling the pre-issued tokens during the bull market. Arrest warrants were also sought for three Terraform Labs investors and four engineers re...
Binance acquires regulated crypto exchange in Japan
Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported. In an official public announcement on Nov. 30, Binance CEO Changpeng Zhao said the crypto exchange was committed to re-entering the Japanese market under regulatory compliance. The acquisition of Sakura Exchange BitCoin (SEBC), a Japan Financial Services Agency-licensed business, would mark the re-entry of global exchange in the Japanese market after four years. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO — CZ Binance (@cz_binance) November 30, 2022 Talking about the importance of the latest acquisition, a Binance spokesp...
Filecoin Investors are Getting into Metacade – MCADE Presale could Break Records
Cryptocurrencies have helped numerous investors earn big profits in the last few years. But what about those who’ve missed out because they hesitated or found out about an investment opportunity too late? Many people think the new Metacade project could be one of the best crypto to buy now because its opportunity for growth is huge. So why are so many Filecoin holders thinking of moving from FIL over to MCADE? Here’s the answer. FIL holders are starting to invest in Metacade Filecoin is best described as a decentralized storage network that aims to store the information that’s considered most valuable to the human race. Anyone can offer up storage space or store their files with Filecoin. Security and authentication are among the most important features on this platform, and quite a few ma...
‘I never opened the code for FTX’: SBF has long, candid talk with vlogger
Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time, SBF speaks about many of the major questions connected with the collapse of FTX. The first interview was conducted Nov. 6 and released Nov. 29 on YouTube. “I’ve started to trust my gut on things like this,” SBF said, explaining why he selected the relatively unknown figure to speak to. Fong has less than 10,000 subscribers to her channel. “Here’s someone who will, like, approach this from at least a somewhat neutral and interested vantage point,” he said of her. He continued: “We as a society, in my opinion, my humble opinion, have spent quite enough time this week trying to figur...
Learn from FTX and stop investing in speculation
The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here. FTX was the world’s second-largest crypto exchange. Now, it is a meme for the death rattle of absurd amounts of money being poured into refurbished centralized business models whitewashed in faux decentralization. As legendary investor Warren Buffet famously said, “Only when the tide goes out do you discover who’s been swimming naked.” It seems there were more than a few nude bathers in this last cycle. But we’ve seen this before, right? Actually, not quite. Bitcoin (BTC) emerged at the start of the longest financial market bull run in history. The industry it spawned proliferated, literally, in the best of...
Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as he did not want himself, nor the exchange, to be in a country “with a lot of angry people in it.” “The reason I did it was it was critical to the exchange being able to have a future because that’s where I am right now, and you do not want to be in a country with a lot of angry people in it and you do not want your company to be incorporated in a country with a lot of angry people in it,” he said. Bankman-Fried claims he gave Bahamian...
CrossTower to acquire institutional prime brokerage BEQUANT
Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital’s assets. The Nov. 28 acquisition will provide CrossTower with over 600 new professional exchange clients in addition to its existing clientele. The incoming clients are based across the United States, Europe, Asia, and Latin America and are collectively making over $400 billion annually. The purchase comes as CrossTower CEO Kapil Rathi stated on Nov. 24 that CrossTower has long been on the lookout to buy digital asset companies with a “good set of customers” and a “good balance sheet,” which included a second look at the now-bankrupt cryptocurrency lendin...
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens. In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), and Stellar (XLM) as well as their networks. The crypto firm cited “low usage” of the four tokens in its decision to stop support starting on Dec. 5. “This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.” Source: Coinbase This story is developing and will be updated. [flexi-common-toolbar] [flexi-form class=”flexi_form_style” title=”Submit to Flexi” name=&...
$16K Bitcoin dropping to $12K–$14K — Can this really happen? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss the possibility of a $12,000–$14,000 Bitcoin (BTC) price and what that would mean for the rest of the crypto space. We start off this week’s show with the latest news in the markets: New BTC miner capitulation? 5 things to know in Bitcoin this week Bitcoin prepares to exit a grim November just above $16,000 — what could be on the menu for BTC’s price this week? We discuss the protests in China, the possibility of Bitcoin miners being on the verge of capitulation and other important things to know about Bitcoin this week. We break down everything that could affect the price of Bitcoin and explain in simple, easy-to-understand language so you’re up-to-date and well-informed. BlockFi bankruptcy filing triggers a w...
