Account Weekly Market News Crypto News Sam Bankman-Fried Ordered $65B ‘Secret Backdoor Line of Credit’ For Alameda Research During a Delaware bankruptcy court hearing on Jan. 11, FTX attorney Andrew Dietderich revealed that former FTX CEO Sam Bankman-Fried (SBF) ordered co-founder Gary Wang to open a $65 billion “secret backdoor line of credit” for Alameda Research. […]
Account US stocks turn higher on optimism that inflation will cool further and allow the Fed to ease tightening US stocks closed higher Tuesday as optimism grew that inflation will continue cooling and give the Federal Reserve more room to ease its tightening campaign. Wall Street equity futures edged higher and European stocks climbed as traders […]
Account Weekly Market News Crypto News U.S. Investigators Subpoena Hedge Funds in Binance Money-Laundering Probe According to a report by Washington Post, federal prosecutors are investigating the relationship between U.S.-based hedge funds and Binance as part of a broader investigation into the crypto exchange’s potential violation of money-laundering rules. The U.S. attorney’s office for the Western […]
Account The Link Between Bitcoin and Inflation It has been said that some investors have flocked to bitcoin in order to protect their wealth from the impact of rampant inflation. But what does that mean, exactly? Bitcoin (BTC) is often touted as a hedge against inflation under the assumption that fiat money will eventually decrease in […]
Account Crypto Market Bitcoin Core Developer Claims Loss Of $3.3 Million After PGP Exploit Luke Dashjr, a Bitcoin OG and core developer, claims his wallet was hacked due to a Pretty Good Privacy (PGP) key compromise right before the new year. Dashjr claims to have lost “basically” all his BTC, which is about 200 BTC or […]
Account Crypto news U.S. Prosecutors Scrutinise Political Donations by Sam Bankman-Fried and Allies According to a report by the New York Times, U.S. federal prosecutors have reached out to top members of the Democratic Party seeking more information about political donations made by former FTX CEO Sam Bankman-Fried and the two executives he worked with. A […]