Trading Shares Of Bitcoin Miner Argo Blockchain Suspended
https://bitcoinmagazine.com/business/bitcoin-miner-argo-blockchain-shares-suspended
A Friday operational update halted trading of the embattled bitcoin miner in the United Kingdom and United States.
Sam Bankman-Fried, CZ Battle It Out on Twitter Over Binance's Exit from FTX
https://www.coindesk.com/business/2022/12/09/sam-bankman-fried-cz-battle-it-out-on-twitter-over-binances-botched-ftx-buyout/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The former FTX CEO and current Binance CEO disagree on the details of FTX's buyout of Binance's investment in it last year.
Uniswap Foundation Proposes Changes to Crypto DEX's Governance, Voting Processes
https://www.coindesk.com/business/2022/12/09/uniswap-foundation-proposes-changes-to-crypto-dexs-governance-voting-processes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The proposal, which will be brought to a vote next week, aims to reduce friction in governance by reframing the steps that bring proposals to votes.
EU’s McGuinness Urges Speedier Vote on Long-Delayed Crypto Laws
https://www.coindesk.com/policy/2022/12/09/eus-mcguinness-urges-speedier-vote-on-long-delayed-crypto-laws/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A final vote on the law has been repeatedly pushed back, even though a deal was struck in June.
Japanese Regulator Extends FTX Japan’s Suspension as Users Wait for Their Funds
https://www.coindesk.com/policy/2022/12/09/japanese-regulator-extends-ftx-japans-suspension-as-users-wait-for-their-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The Financial Services Agency ordered that operations stay suspended for another three months.
Crypto News Outlet The Block Was Secretly Funded By Alameda Research
https://bitcoinmagazine.com/business/the-block-secretly-funded-by-sbf-alameda
The news outlet has confirmed that The Block’s CEO received undisclosed funding from Sam Bankman-Fried’s hedge fund.
How Bitcoin Helped Me Escape A Doomsday Cult
https://bitcoinmagazine.com/culture/bitcoin-helped-me-escape-a-doomsday-cult
“Bitcoiners are people who, like me, have escaped a cult: the cult of fiat.”
FTX Revival Proposal Supported by Sam Bankman-Fried Lifts FTT Token
https://www.coindesk.com/markets/2022/12/09/battered-ftx-token-surges-47-as-sam-bankman-fried-supports-exchange-revival-plan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Sam Bankman-Fried came out in support of crypto influencer Ran Neuner's FTX revival idea, sending the exchange's battered FTT tokens higher.
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
https://www.coindesk.com/business/2022/12/09/crypto-trading-firm-amber-group-ditches-25m-chelsea-sponsorship-deal-amid-layoffs-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Hong Kong-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report.
Crypto Exchange Coinbase Asks Users to Switch USDT for USDC
https://www.coindesk.com/business/2022/12/09/coinbase-asks-users-to-switch-usdt-for-usdc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Coinbase highlights questions about Tether reserves in campaign to get users over to USDC.
Understanding Bitcoin Network Hash Rate Increases
https://bitcoinmagazine.com/markets/understanding-bitcoin-hash-rate-increases
The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released.
Did Sam Bankman-Fried Finally Admit the Obvious?
https://www.coindesk.com/consensus-magazine/2022/12/08/did-sam-bankman-fried-finally-admit-the-obvious/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
US Lawmakers Want Environmental Agency to Study Crypto Mining's Energy Impact
https://www.coindesk.com/policy/2022/12/08/us-lawmakers-want-environmental-agency-to-study-crypto-minings-energy-impact/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
U.S. Senators Ed Markey and Jeff Merkley and Rep. Jared Huff introduced a bill Thursday that would, if passed, direct the Environmental Protection Agency to study the energy usage and environmental impact of crypto mining.
Québec Utility Requests Reallocation Of Electricity Away From Bitcoin Miners
https://bitcoinmagazine.com/legal/qu%C3%A9bec-utility-requests-reallocation-bitcoin-electricity
Last month, the provincial energy regulator was asked to reallocate 270 megawatts that was set aside for cryptocurrency mining.
EU to Make Crypto Companies Report Tax Details to Authorities
https://www.coindesk.com/policy/2022/12/08/eu-to-make-crypto-companies-report-tax-details-to-authorities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
Apple's New Encryption Policy Is a Huge Boon for Crypto
https://www.coindesk.com/consensus-magazine/2022/12/09/apples-new-encryption-is-huge-boon-for-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Mizuho Cuts Crypto Exchange Coinbase to Underperform, Trims Price Target
https://www.coindesk.com/business/2022/12/09/mizuho-downgrades-crypto-exchange-coinbase-to-underperform-cuts-price-target-to-30/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The bank’s analysis shows that 2023 revenue estimates for the crypto exchange are overly optimistic.
FalconX Discloses Assets Locked on FTX
https://www.coindesk.com/business/2022/12/09/falconx-discloses-assets-locked-on-ftx/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The crypto trading firm says it can take the pain.
Grayscale, in the Spotlight as GBTC Discount Widens, Says DeFi Fund Now Trading
https://www.coindesk.com/markets/2022/12/09/grayscale-under-pressure-as-gbtc-discount-widens-says-defi-fund-now-trading/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The debut of the "DEFG" fund in over-the-counter markets comes as Grayscale’s largest fund, the Grayscale Bitcoin Trust (GBTC), is under distress and at the center of crypto-market speculation.
Bernstein Says Saving Grayscale Will Come at a Cost for Digital Currency Group
https://www.coindesk.com/business/2022/12/09/bernstein-says-saving-grayscale-will-come-at-a-cost-for-digital-currency-group/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A feasible deal could involve a large minority partner or a buy-out like structure led by more strategic partners, Bernstein said.
Blockware Solutions' 2023 Forecast Estimates Bitcoin Low Is In
https://bitcoinmagazine.com/markets/blockware-solutions-2023-bitcoin-forecast
In its 2023 Market Forecast, Blockware Solutions highlighted bullish metrics, slowing ASIC advances and the global energy crisis.
FTX's Sam Bankman-Fried to Testify in Front of US House Financial Committee
https://www.coindesk.com/policy/2022/12/09/ftxs-sam-bankman-fried-to-testify-in-front-of-us-house-financial-committee/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The chair of the House Financial Services Committee, Maxine Waters, said SBF's attendance was "imperative."
Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs
https://www.coindesk.com/tech/2022/12/09/crypto-miner-hive-cuts-computing-power-forecast-for-intel-chip-based-rigs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The Canadian firm said it would receive 5,800 machines by end-January, raking in upwards of 630 PH/s.
UK Extends Crypto Tax Break for Investment Managers in Financial Reforms
https://www.coindesk.com/policy/2022/12/09/uk-extends-crypto-tax-break-for-investment-managers-in-financial-reforms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Rishi Sunak’s government has already legislated to use stablecoins as a means of payment as he seeks to make the country a crypto hub.
Ethereum Developers Target March 2023 for Release of Staked Ether
https://www.coindesk.com/tech/2022/12/08/ethereum-developers-target-march-2023-for-release-of-staked-ether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Staked ETH withdrawals are coming in the spring of 2023, while proto-danksharding will follow in the subsequent hard fork in the fall
SEC Tells US-Listed Companies They’d Better Disclose Crypto Damage
https://www.coindesk.com/policy/2022/12/08/sec-tells-us-listed-companies-theyd-better-disclose-crypto-damage/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The U.S. Securities and Exchange Commission issued letters to companies flagging the need to disclose any potential impacts from mayhem in the crypto markets.
Former White House Adviser: Biden's Executive Order on Crypto Is 'Balanced' but ‘Gaps’ Remain
https://www.coindesk.com/policy/2022/12/08/former-white-house-adviser-bidens-executive-order-on-crypto-is-balanced-but-gaps-remain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Carole House, co-author of President Biden’s executive order on crypto, discusses why the framework is “balanced” in mitigating risks but still has existing gaps.
Most Underreported Trend in 2022: Crypto Is Embracing Mobile
https://www.coindesk.com/consensus-magazine/2022/12/08/crypto-embraced-mobile-in-2022-opinion/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
You can have your metaverse and VR headsets, writes Boyd Cohen in this op-ed. In 10 years he predicts the masses will still be in the real world using smartphones, so if you are a crypto evangelist, jump on the mobile bandwagon.
Some Central Banks Reportedly Looking to Issue a CBDC Within 10 Years
https://www.coindesk.com/policy/2022/12/08/some-central-banks-are-looking-to-issue-a-cbdc-within-10-years-omfif/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Generally, 35% of central banks were more inclined to issue a CBDC despite recent events in crypto and none were less inclined a report by the Official Monetary and Financial Institutions showed.
EU To Force Crypto Companies To Report Their Users’ Holdings To Tax Authorities
https://bitcoinmagazine.com/legal/eu-to-force-crypto-reports-of-user-holdings
Potentially, even companies outside of Europe could be forced to disclose user holdings according to the EU.