The Dogecoin Foundation has announced a new funding initiative to support the development of the Dogecoin ecosystem. The foundation has allocated 5 million Dogecoin (DOGE), worth approximately $360,000 at the time of writing, to a new multisignature wallet managed by its members. This wallet will require three out of five signatures from Dogecoin Core developers chromatic, Marshall Hayner, Michi Lumin, Patrick Lodder, and Ross Nicoll in order to release any funds. These custodians will not have any rights to the funds beyond managing the release. The Dogecoin Foundation aims to use this new f ..read more

Mark Cuban, billionaire investor and owner of the Dallas Mavericks basketball team, is considering buying more Bitcoin (BTC). However, he has one condition: the price of BTC must drop. In an interview with Bill Maher for his podcast Club Random with Bill Maher, Cuban expressed his support for Bitcoin and said that he wants to buy more of it because he knows that the cryptocurrency will bounce back. At the time of writing, Bitcoin is trading at a price of $18,939. Cuban believes that Bitcoin has more value than gold and is a better investment than the precious metal. He considers both Bitcoin ..read more

According to security firm PeckShield, multiple users of the BitKeep cryptocurrency wallet have lost their funds after using a compromised version of the app. The hackers were able to steal assets worth $8 million, including over 4,000 BNB, $5.4 million USDT, around 200,000 DAI, and 1,233 ETH. The source of the attack is uncertain. However, some users have reported being personally contacted by suspicious accounts on social media platforms like Twitter, where scammers encouraged them to download the BitKeep wallet. The links provided led to the compromised version of the app, which gave the ..read more

Gary Gensler, President of the SEC, compares cryptocurrency exchanges to casinos Is the cryptocurrency sector a wild west? For Gary Gensler, President of the Securities and Exchange Commission (SEC), there is no doubt. In fact, he compares companies in the sector to “casinos”. But for what reasons? We explain everything. Exchanges in the sights of the SEC During a recent intervention, the President of the Securities and Exchange Commission (SEC), Gary Gensler, revealed his annoyance at cryptocurrency exchanges that are escaping regulation. The head of the US institution even compared the cryp ..read more

The 56 million Robinhood Markets shares are currently valued around $450 million. FTX, the embattled cryptocurrency exchange, has requested the intervention of a US bankruptcy judge to block crypto lending startup BlockFi from recovering approximately $450 million in Robinhood shares purchased by its former CEO Sam Bankman-Fried. BlockFi filed a complaint on November 28 requesting that Emergent Fidelity Technologies, Bankman-holding Fried’s firm, turn up 56 million Robinhood Markets shares. The equities were allegedly used as security for loans made by BlockFi to cryptocurrency trading busine ..read more

FTX is locked in a legal battle to recover $440 million worth of Robinhood shares The new leadership of FTX is engaged in a legal tug of war with BlockFi and Sam Bankman-Fried in an attempt to acquire 56 million Robinhood (HOOD) shares. Currently held by an Antiguan company owned by SBF, these shares could allow FTX to increase its portfolio for the repayment of its disadvantaged users. Who will recover the Robinhood shares? According to a document filed with the bankruptcy court, the current leadership of FTX is seeking to recover $440 million worth of Robinhood (HOOD) shares, thus entering ..read more

The 2022 stock market year is coming to a close, a year that investors are already eager to forget. With a simultaneous drop in stocks, bonds, and cryptocurrencies, it has been the worst stock market year since 2008. However, is there a small hope for a year-end rally to lift spirits? The Year-End Rally: A Concept Between Myth and Statistical Reality The end-of-year holidays are fast approaching, spirits are rejoicing, and the volatility/volume trading pair is starting to significantly decrease on the stock market. For investors and traders on financial markets, this period marks the start of ..read more

The ECB published its second report on the feasibility of launching a digital euro, updating progress made since September 2022. The report includes information on the practical workings of a digital euro, such as the role of intermediaries, the settlement model, and the distribution model. The ECB began its study on the digital euro in October 2021, seeking to probe fundamental questions about the design and distribution of a central bank digital currency (CBDC) for the euro zone. In the proposals, researchers recommended that the digital euro adopt a supervised intermediaries approach rathe ..read more

The erstwhile entourage of arrested crypto billionaire Sam Bankman-Fried is facing fresh allegations from key US federal organizations. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed new fraud allegations against former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang. The SEC and CFTC allegations come after the two pleaded guilty to federal fraud charges issued by the US Department of Justice (DOJ) earlier on December 22. According to the SEC, Ellison and Wang were charged for their roles in the “multiyear ..read more

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has reportedly agreed to be extradited to the United States to face trial. Bankman-Fried is facing eight charges that carry a maximum sentence of 115 years in prison. According to ABC News, Bankman-Fried signed documents for his extradition on December 20, and is expected to sign additional documents renouncing his right to fight extradition on December 21. If all goes according to plan, Bankman-Fried will be handed over to the FBI and transported to the US on a private plane on December 21. The extradition hearing scheduled for F ..read more