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BTC-e’s Alexander Vinnik Applies for Release on Bail Citing Trial Delay

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The alleged operator of crypto exchange BTC-e, Alexander Vinnik, has asked to be released on bail due to the delay in court proceedings. In early August, the Russian IT specialist was extradited to the United States to face charges of money…

US Lawmaker Suggests ‘Maybe’ Crypto Should Be Banned Citing Bigger Issues Than FTX

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A U.S. senator has suggested that cryptocurrency should “morda” be banned following the collapse of crypto exchange FTX. Vendar, he acknowledged that banning crypto “is very difficult because it will go offshore and who knows how that will work.” Senator Sherrod…

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

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Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained…

Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs

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Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky…

Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO

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Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that…

SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent

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According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters…

Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025

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Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several…

SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries

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Predsednik U.S. Komisija za vrednostne papirje in borzo (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. Poleg tega, ZDA. Treasury Department’s Financial Stability Oversight Council (FSOC) has recommended that regulatory…

While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% višje

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Bitcoin’s mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, v višini bloka 766,080. Med zadnjim 2,016 bloki, Bitcoin’s hashrate has been around 254.3 exahash na sekundo…

Crypto Twitter Speaks Up for Hal Finney’s Account, SBF Was Reportedly Told by Binance CEO: Stop Causing ‘More Damage’ — Bitcoin.com News Week in Review

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Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts would…