Crypto-news

Breaking crypto news from the last week (Dec. 10–16, 2022): Dec. 12: The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, following the US authorities filed criminal charges against him. The Bahamas intends to extradite Bankman-Fried after US officials request it. Meanwhile, the “surprising” arrest comes just a day before a scheduled hearing before…

Top investment deals across the crypto sector over the last week (Dec. 10–16, 2022): Bitcoin miner TeraWulf raises $10 million TeraWulf restructured a deal with Bitmain that will allow it to expand hashrate further by early 2023. The company also announced that it raised $10 million in fresh capital to repay a convertible promissory note….

Microsoft updated its policy terms to specify it will not allow cryptocurrency mining on its online services without prior written approval. The updated rule came into effect back on Dec. 1 and applies to all Microsoft’s users, including paid customers. The update prohibits users from mining on Microsoft’s online services, largely relating to its cloud…

Revelations that Bankman-Fried secretly funded crypto news publisher The Block deepened mistrust of the crypto industry, notes Christopher Robbins on CoinDesk. The law is catching up with Sam Bankman-Fried (SBF), co-founder and former CEO of collapsed crypto exchange FTX. The whole situation has led to a loss of trust in the cryptocurrency industry, which needs…

Solana has been tangled in FUD since the Solana ecosystem was affected by the FTX collapse, and this has drastically lowered the price of the SOL token. However, this did not deter the Solana team from working on new developments for the network. One example of an upcoming Solana update scheduled to rollout, The Firedancer,…

The so-called “first ethics digital money” Islamic Coin, built in the HAQQ ecosystem, has signed a partnership with The Federation of Muslim Associations of Brazil (Fambras). The alliance is focused on creating an efficient payment system and a sustainable entrepreneurship environment. With the Fambras-HAQQ partnership, the alliance will focus on creating a sustainable entrepreneurship environment…