Sam Bankman-Fried Loaned $43 Million to The Block’s CEO

CEO Michael McCaffrey secretly funded The Block by borrowing millions from Sam Bankman-Fried. Cover artwork: Jeenah Moon/Bloomberg/Getty Images, Relight Motion (edited by Mariia Kozyr) Key Takeaways The Block CEO Michael McCaffrey was revealed today to have secretly borrowed $43 million from Sam Bankman-Fried. At least $27 million were used to fund the crypto news company.…

Kraken Daily Market Report for November 03 2022

Overview Daily spot trading volume: $557.3 million, 30 day average spot: $462.3 million. Total futures notional: $96.5 million. The top five traded coins were, respectively, Tether (↓0.01%), Bitcoin (↑0.28%), Ethereum (↑0.8%), USD Coin (↓0.01%), and Dogecoin (↓3.9%). Strong returns from Band Protocol (↑127%), Gitcoin (↑45%), and Ocean (↑34%). November 03, 2022  $557.3M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  USDT $0.9999 ↓0.01% $265.6M BTC $20209. ↑0.28% $94.5M ETH $1531.2 ↑0.8% $56.7M USDC $0.9998 ↓0.01% $34.7M…

Solana Price Prediction as $3 Billion Trading Volume Blasts SOL into the Green – Time to Buy?

Solana price prediction remains bullish; however, the double top pattern is acting as a major resistance, keeping SOL’s uptrend limited under $38.20. Solana (SOL) responded favorably to a recent development involving its blockchain network and Google Cloud.  In response, Solana’s trading volume blasted past $3 billion…

Sam Bankman Fried Announces Substantial Donations in US Mid-Term Elections

FTX CEO Sam Bankman-Fried has revealed that he donated millions of dollars to support bipartisan politicians in a bid to lure more crypto allies.  In a Saturday tweet, Bankman-Fried said that he was “a significant donor” in both Republican and Democrat primaries, “supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan…

Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday, with some saying…

Microsoft Quietly Bans Crypto Mining From Cloud Services

In an effort to stabilize its cloud services, Microsoft’s updated terms are restricting access to Bitcoin and crypto mining.  Any users who intend to do so now must receive pre-written approval from the company.  Microsoft Against Mining? Per Microsoft’s Summary of Changes page, the software giant updated its Universal License Terms for Online Services on…

Art Crypto GIF by Luis Ricardo thumbnail

Art Crypto GIF by Luis Ricardo

Crypto Bitcoin GIF by ProBit Global thumbnail

Crypto Bitcoin GIF by ProBit Global

DOJ Mulls Bringing Criminal Charges Against Binance: Report

The United States Department of Justice is reportedly conflicted on whether to file criminal charges against Binance now or after further investigation. Key Takeaways Binance could soon be hit with charges of unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations, according to a Reuters report. The officers in charge of the investigation are…

Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Dec 17 (Reuters) – Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane.The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday,…