Cryptostreet

  A fraud case involving Silvergate's FTX and Alameda trades may soon be filed. But there has yet to be an indictment. Prosecutors from the fraud division of the US Department of Justice have reportedly already started their initial investigations, according to information from the news portal Bloomberg. We'll look at the organization's contribution to the FTX and Alameda Research case. The measurement primarily concentrates on Silvergate accounts connected to Sam Bankman-Fried's business. Millions of dollars in client funds are allegedly missing from FTX and Alameda management. The sudden bankruptcy of FTX had a particularly negative impact on Silvergate among the lenders. In the most recent quarter, the bank reported a $1 billion loss and let go of about 40% of its staff. Earlier this week, a cross-partisan group of U. S. Senators demanded more information from the business regarding the bankrupt cryptocurrency exchange FTX in an open letter to the company. My Top Pic...

  Less than a year after receiving the required authorization for the region, cryptocurrency exchange Kraken has closed its Abu Dhabi branch. According to a February 2 Bloomberg article, Kraken is closing its office in Abu Dhabi and firing eight staff members who were specifically in charge of the MENA region (the Middle East and North Africa) from this location. Only in April 2022 did the cryptocurrency exchange receive authorization to conduct business in the Abu Dhabi International Financial Center and the Abu Dhabi Global Market. A spokesman for Kraken confirmed the closure to Cointelegraph in a statement and added that the dirham (AED), the national currency of the Arabs, will also be delisted concurrently. After all, current users from the area should still have access to the cryptocurrency trading platform, but they will only be able to transact in foreign currencies. Director Benjamin Ampen will be withdrawn, but some office personnel should stay in the area. The closure in...

  According to Turkish news outlet Anadoluam, Spanish law enforcement officials have detained the CEO, marketing director, and sales manager of Hong Kong-based cryptocurrency exchange Bitzlato. Six people in total, including Russian and Ukrainian nationals, were detained in this matter. The investigation also involved the police departments of Cyprus, France, Portugal, and the United States. The crypto exchange was one of the primary points of contact for criminals looking to use cryptocurrencies as a form of money laundering, according to the Spanish police, primarily because of the anonymity it provided. 18 million euros worth of assets, including digital currency, high-end vehicles, cash, electronics, and other items, have already been seized during the investigation. The platform blocked over 100 user accounts. The arrests happen only two days after co-founder Anton Shkurenko stated in an interview that at least 50% of Bitcoin. After the upcoming platform restart, the funds in ...

  How has the price of BNB changed over the last few weeks? The BNB price has recently started to move more bullishly. The cost increased from 244 US dollars at the start of the year to 310 US dollars at the end of January. In January alone, the course was able to increase by more than 25%. In comparison to many other altcoins, this increase was significantly lower, though still very high. During this time, even the price of Bitcoin was able to increase more quickly. The price of BNB has been rising relatively steadily since the second week of the year, despite the fact that increases were hardly possible in the first days of the year. The price was once more able to climb above 330 US dollars in the first few days of February. The climbs weren't as steep as those of others; what caused them, and why? A strong bullish market trend played a major role in the rise in the price of BNB in January. At the start of 2023, the price of Bitcoin quickly increased. The market responded very f...

 According to a company -owned blog post from yesterday, February, Finnish cryptocurrency company Membrane Finance has launched a fully euro-collateralized stablecoin. 2. The company claims that their new "EUROe" is the "first and only EU regulated stablecoin" and has received an official license from the Finnish Financial Markets Authority Fin-FSA. The well-known American cryptocurrency company Circle introduced its own euro stablecoin in June, but the so-called "Euro Coin" (EUROC) was actually held by Silvergate Bank and thus subject to US regulation. There is "at least one euro [" covering each currency unit of the EUROe. ] held here by Membrane Finance and deposited with a European financial institution or bank.". The business also thinks that the new stablecoin will make "near-instant payments" possible at a low cost, giving it a distinct advantage over the expensive and slow payments found in the conventional financial system...

  the " crypto capital" of the Caribbean, according to MP Rolando Brison. He started the month off with a legislative initiative to accomplish this. The Tron-based cryptocurrency may be accepted as payment in the island nation of St. Maarten, according to the SMN-N local news source. Justin Sun, the founder of Tron, also spoke out after learning about the initiatives on the island in the Caribbean. Sun stated that the effort "marks another success for our push [toward] global blockchain adoption.". Prior to that, St. Dominica, a country in the Caribbean, has already accepted cryptocurrencies as legal tender. My Top Picks Honeygain - Passive earner that pays in BTC or PayPal M andalaExchange - The Best no KYC crypto Exchange! Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin Cointiply - The #1 Crypto Earning Site LiteCoinPay - The #1 FaucetPay earner for Litecoin  LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!...

  In an agreement with New York Digital Investment Group (NYDIG), the mining company Core Scientific has agreed that the latter will forgive the miner's $38.6 million in unpaid debt in exchange for the miner paying the investment company 27,000 mining rigs that were given as payment. In a recent court document, Core claims that the disputed mining rigs are no longer required for its own business. The Texas bankruptcy court that is in charge of approving the deal is therefore the one that both parties are currently awaiting permission from. Even though the mining company anticipates that the decision will significantly hurt its sales, at least in the short term, Core Scientific cautions that the advantages of paying off the debt "outweigh the immediate loss. Accordingly, the miner is convinced that the agreement is a crucial step toward ensuring the success and sustainability of their own company. According to the company, the operation will be changed to a "smaller but mo...

  With a mining ban and other significant interventions, China has essentially (at least officially) banned Bitcoin from the country, but the USA are the biggest supporters of the cryptocurrency. Particularly in the States, bitcoin mining is gaining popularity. Mining is extremely popular in states like Texas. Currently, the United States accounts for over 35% of the world's Bitcoin mining activity. mining equipment used for bitcoin. Additionally, there are significant efforts being made to classify Bitcoin as a commodity. Gary Gensler, the chairman of the US Securities and Exchange Commission, is firmly committed to this division in the regulation of crypto assets. As a result, bitcoin could be utilized and viewed similarly to gold. Will the United States try to regulate bitcoin? Many observers feel uneasy as a result of these events. Given that nearly 50% of mining occurs in the US, it is possible that the country will one day have complete control over the Bitcoin network. State...

  The fantom price is extremely bullish and has increased by more than 227 percent since the year's beginning! Fantom Price Prediction: FTM encounters opposition. Nearly three weeks have passed since the last FTM course forecast. "The FTM course was able to successfully hold above the golden ratio support at around USD 0.2," we stated at the time. At that point, Fantom was able to make a bullish comeback and reach the 200-day EMA at about $0.34. Once there, FTM at first seems to encounter rejection from the bears. Additionally, there is significant golden ratio resistance at about USD 0.32, which FTM is currently battling. Additionally, the MACD histogram is already moving in a bearish direction and the RSI is in extremely overbought regions. On the daily chart, the MACD lines are still crossed in a bullish manner. The EMAs are still in a death cross, which supports the short- to medium-term bearish trend, despite this. ". The FTM course couldn't have gotten the ...

  Bitcoin . ahead of today, February 1, Wall Street's open day, continued to decline. 3, following the release of brand-new US economic data. Chart showing the price of bitcoin (Bitstamp). TradingView is the original source. Is the recession in trouble? According to information from TradingView and Cointelegraph Markets Pro, the price of bitcoin has already given up some of its prior gains and is now resting at support at $23,000. The new US unemployment figures for January, which are significantly higher than forecasts given that unemployment has declined to its lowest level since 1969, are likely to be the catalyst for the downturn. The so-called Non-Farm Payrolls (NFP), i.e. e. While the average hourly wage increased by the anticipated 0.3 percent, the total number of new jobs—apart from those in the agricultural sector—were strong. Given the significantly higher number of new jobs than anticipated, analyst Tedtalksmacro calls the increase in the NFPs "MASSIVE growth."...

 The most used network in the cryptocurrency industry is Ethereum. However, using it can be pricey. You must pay fees, or "gas fees," in order to send transactions using a virtual wallet. The costs vary according to the network's load. Under heavy loads, they have reached prices of $6,000 per transaction. Gwei is used for the settlement of Ethereum Gas Fees. Look at our Academy if you want to learn more about it. The following three tips will help you avoid paying expensive Ethereum Gas Fees and save lots of money. 1) Decide on a pace. There are numerous ways to save money for users of MetaMask, the most widely used Ethereum wallet. The speed of a transaction can be set in three different ways: Slow, Average, and Fast. The price decreases as the speed increases. 2) Hand-set the fees. If you really want to cut costs, find out what the current lowest allowed value for Slow is on the Ethergasstation website. In MetaMask for Slow, this can be manually configured. If you go be...