From Bernie Madoff to Bankman-Fried: Bitcoin maximalists have been validated
    12 Jan 2023

    The parallels between Sam Bankman-Fried and Bernie Madoff are ample. On the bright side, both men highlighted the fact that Bitcoin maximalists are immune to Ponzi schemes. Long before Bitcoin, Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX,…

    Gary Gensler finds new audience for his crypto skepticism: The US Army
    12 Jan 2023

    The U.S. Securities and Exchange Commission chair called crypto “the Wild West” and urged troops not to “get caught up in the FOMO.” United States Securities and Exchange Commission (SEC) chair Gary Gensler has found a new audience for his crypto-skeptical pep talks — the United States Army. On Jan. 11 the U.S. Army hosted…

    Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022
    12 Jan 2023

    According to Northern Data AG, it generated a total of 2,798 BTC in the fiscal year 2022. Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, has released earnings results for its mining division. Northern Data AG said that in fiscal 2022, it mined 2,798 Bitcoin, up 315% from the previous…

    Bitcoin surges above $18K to cap 8-day winning streak

    The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic. Bitcoin has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December. The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the…