Author: e_cash_top

[ad_1] Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on Sept. 30, according to a company statement. Source: Luxor Mining The BTC mining industry has seen significant fluctuations during this bear market…

[ad_1] A top Armanino executive defended auditing work that his company performed for FTX.US during an interview published by the Financial Times on Dec. 23. Armanino’s chief operating officer, Chris Carlberg, suggested that the company felt assured about its quality of services to the American branch of FTX. Carlberg stated: “We definitely stand by the…

[ad_1] FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ellison reached an arrangement with former FTX CEO Sam Bankman-Fried that allowed FTX to borrow funds from Alameda without limit. The…

[ad_1] Total Value Locked (TVL) in decentralized finance (DeFi) platforms stood at $69.95 billion, as of Nov. 30. Ethereum-based DeFi projects have a combined TVL of  $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama. BNB chain has the second largest amount of TVL at $6.94 billion —…

[ad_1] Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according to a report by local news agency Tass on Dec. 23. The bill was introduced in the State Duma, the lower house of parliament, on Nov. 17, 2022. At the time, Anatoly Aksakov,…

[ad_1] Local sources reported that two men who were involved with the AAX investigation were arrested in Hong Kong on Dec. 23. According to local law enforcement, the individuals were arrested for suspicions of fraud and misleading police officers. AAX bankruptcy Weeks after the FTX collapse, on Nov. 28, AAX exchange’s Vice President Ben Caselin…

[ad_1] Daily crypto trading volume on Binance sunk to $9.39 billion on Dec. 23, its lowest since October 2020, according to data from Nomics. Compared to Nov. 8, when daily trading volume on Binance crossed $172 billion, the latest data suggests a drop of over 94.5% in the past 24 hours. With the upcoming holiday…