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Sam Bankman-Fried. Source: a video screenshot, Forbes / YouTube Sam Bankman-Fried, the disgraced founder of collapsed cryptocurrency exchange FTX, will plead not guilty to fraud and other charges against him at his upcoming arraignment. According to a report from the  Wall Street Journal , which cited a person familiar with the situation, Bankman-Fried is expected to enter a plea of not guilty in Manhattan on Tuesday, January 3rd.  The not guilty plea was widely expected as it is pretty normal for criminal defendants to initially plead not guilty. Defendants are free to change their plea at a later date. As reported, Bankman-Fried was arrested in The Bahamas earlier this month after US prosecutors formally filed criminal charges against him. After an uncertain week, the crypto boss was eventually extradited to the US to face a litany of criminal charges. The Southern District of New York, which is investigating Bankman-Fried and the collapse of FTX and its sister tr

Join Our Telegram channel to stay up to date on breaking news coverage Following the $16,500 break, the Bitcoin price prediction shows BTC dropping slightly after getting rejected at $16,638. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,335 Bitcoin market cap – $370.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $20,000, $22,000, $24,000 Support Levels: $14,000, $12,000, $10,000 BTC/USD is now showing slight negative signals after touching the resistance level of $42,237 today. The Bitcoin price fails to make any ground towards the upper boundary of the channel. Therefore, the Bitcoin price is dropping heavily with a loss of 1.68% within 24 hours of trading as it touches the daily low of $40,505. Bitcoin Price Prediction: Bitcoin Price Could Go Lower The daily chart reveals that the Bitcoin price c

Join Our Telegram channel to stay up to date on breaking news coverage 2022 has been a wake-up call for several cryptocurrency enthusiasts. They are no longer content by investing in assets that don’t have a good discernible use case. Also, when it comes to tradable assets, the new investors have become selective. It is one of the reasons why the PAXG price has been trending in volatile zones for the past 24 hours. Read to learn what experts are forecasting about the price of this gold-backed cryptocurrency. What is Pax Gold? There are many ways to own physical gold – but the best is one that lets you have its own within the digital space as well. That’s where Pax Gold comes in to shine. This cryptocurrency is backed by physical gold, and according to the official website, it allows gold traders to tap into the benefit of blockchain technology. So, what is Pax Gold? In simple terms, it is a digital asset connected to investment-grade gold. One Pax Gold token is backed by one

Some of the more well-known cryptos, such as Bitcoin and Ethereum, are great choices for investors looking to play it safe. Alternatively, buying promising altcoins can be a good option for those who want a chance at earning higher returns on their investment. Although some people may be hesitant to invest in cryptocurrency because of the negative press it's gotten recently, analysts say that this could actually be a good time to buy. Inexperienced investors often jump into the market when everyone's talking about crypto and the prices are sky-high. However, experienced investors know that bear markets present the best opportunities to buy coins at a discount. It's difficult to say when the market will hit bottom, but if you're thinking about investing in altcoins, now could be a good time to get started. It can be very profitable to invest in relatively unknown cryptocurrencies, but only if they have solid fundamentals. A good example of things to l

Horizon Protocol Rangers Program, Horizon a DeFi platform facilitating the creation of on-chain synthetic assets representing the real economy. What is a Horizon Ranger? Horizon Rangers is an ambassador program that brings together people in the community who are passionate and interested in providing educational content about DeFi and Horizon Protocol to the larger crypto community. They will be in charge of supporting and sharing content in crypto channels, as well as creating guidelines and content that will help onboard new users and spread awareness in the crypto and Horizon Protocol ecosystem. Horizon Rangers are the keepers of the forests, regional leaders committed to supporting the growth of DeFi and Horizon Protocol in their local communities to help accelerate the community and project growth. As Horizon Protocol Launches Horizon Rangers Program. What does a Horizon Ranger do? Knowledge Sharing Share and provide helpful information around DeFi and Horizon Protocol in other c

Is Bitcoin really bringing freedom to the world? Experts discussed the complexities of using Bitcoin as a tool for emancipation at a panel at Pacific Bitcoin. "Bitcoin (BTC) is Freedom" is one of Bitcoin’s many epithets. Like “Bitcoin is digital gold,” “Bitcoin is property,” or even Bitcoin is absolute digital scarcity, these phrases ricochet around the walls of Bitcoin-themed conference arenas. They’re also memed into eternity on social media. But one of Bitcoin’s overarching mantras is “Don’t trust, verify.” Rooted in an old Russian proverb, the phrase has come to define the Bitcoin ethos. It suggests rules, ideas, and concepts should be tested, tried and verified. So with that in mind, to what extent is Bitcoin actually freedom? How far can we make the point that Bitcoin is categorically a tool for freedom? Can Bitcoin set people free?  At the Pacific Bitcoin conference in Los Angeles, hosted by Bitcoin-only exchange Swan Bitcoin, this debate came to life. During a panel

After a non-existent rally over the weekend, the crypto market was painted in the colors of Christmas. Shiba Inu [SHIB], in particular, recorded a 4.98 percent price drop over the last couple of days. While this came as a huge blow to the industry, the surge in the number of holders of the asset was a huge relief. As per CoinMarketCap, the total number of unique addresses that hold assets in the Shiba Inu network was at a monthly high. It should be noted that the network began in December with just 1,253,414 holders. However, the total number of addresses that currently existed in the network was 1,272,593. Source This was surprising for quite a few reasons. As mentioned earlier, the price of the asset witnessed a major plummet over the last couple of days. In addition to this, the network’s lead developer, Shytoshi Kusama shared a rather disappointing tweet about Shibarium on Christmas eve. The Shiba Inu Army has been awaiting the launch of Shibarium, the network’

109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After the Creation of the Federal Reserve on Dec. 24, 1913 Dwindles Lower During the last hundred years, economists have blamed the U.S. Federal Reserve for a great deal of America’s rising inflation. American economist and social theorist Thomas Sowell referred to the Fed as a “cancer,” and former politcians like Ron Paul have called on the masses to abolish the Fed. Prior to the creation of the Fed on Dec. 23, 1913, America had two central banks the preceded the current U.S. central bank. The first U.S. central bank started in 1791 which was the First Bank of the United States, a financial institution charted by Congress at the time. The second attempt to create a central bank in America was in 1816

The lack of volatility speaks volumes as one analyst argues that Bitcoin is only worth investing in below $12,000 or above $19,000. Bitcoin (BTC) entered the Christmas holiday period unchanged at $16,800 as an eerie lack of volatility persevered.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopeful price target sees Bitcoin at $17,400  Data from Cointelegraph Markets Pro and TradingView confirmed another day of an almost imperceptible range for BTC/USD just below $17,000. The pair had struggled to break out despite multiple potential catalysts coming from United States economic data prints. With the holiday season ahead, a Santa rally appeared unlikely, while a lack of significant events to come further reduced the chances of flash volatility. In weekend analysis, however, Michaël van de Poppe, founder and CEO of trading firm Eight, nonetheless reiterated the possibility of a step higher to near $17,500 should current levels hold. “Bitcoin still holding levels here as

Sam Bankman-Fried.Video screenshot, New York Times / YouTube When the now-bankrupt crypto exchange FTX acquired the crypto mobile app Blockfolio, payment was not made in cash but instead in the form of FTX’s own FTT tokens, financial statements have revealed. According to Bloomberg, which said it has obtained financial statements from FTX, about 94% of the Blockfolio acquisition was paid for in FTT tokens. The amount paid was roughly $84m for a 52% equity stake in Blockfolio. The original deal came with an option for FTX to buy the rest of the company within two years, and valued Blockfolio at almost $160m. Sharp contrast to earlier reports The new Bloomberg report stands in sharp contrast to what was previously believed to be situation around the acquisition. According to media reports at the time, FTX paid $150m for Blockfolio when the transaction happened in mid-2020. The price was reportedly paid in cash, crypto and equity. Judging from the latest Bloomberg repo

A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position to stop this activity.” Stablecoin TRUST Act of 2022 U.S. Senator Pat Toomey (R-PA), ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, introduced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022” on Wednesday. The bill is also known as the “Stablecoin TRUST Act of 2022.” According to the lawmaker, the legislation would “establish the first federal regulatory framework for payment stablecoins and guide Congress towards a path for sensible regulation of cryptocurrencies.” Senator Toomey opined: I hope this framework lays the groundwork for my colleagues to pass legislation next year safeguarding customer funds without inhibiting innovation … This bill w

Crypto asset prices are far from showing signs of recovery. Over the past day, the aggregate value of all cryptos from the market noted a mere 0.09% change and stood at $809.49 billion at press time. Bitcoin’s valuation also remained unaltered over the past day and was seen trading at $16.8k on Thursday. The market has not yet fully recovered from the damage caused by FTX’s collapse. Fear is still lingering in the minds of market participants. In fact, the current reading of the F&G index [28] supported the said narrative. Despite that, certain proponents feel that crypto and related sectors will eventually end up blossoming. A few hours back, for instance, Changpeng Zhao, the CEO of Binance tweeted: Web3, crypto, blockchain will continue to grow. — CZ 🔶 Binance (@cz_binance) December 21, 2022 Also Read: Binance’s CZ Tweets About Bitcoin “Brain Wallets”: What Are They? What Are Bitcoin Investors Upto? Even though there’s a lot of FUD at the moment, participants re

U.S. Congressman Warren Davidson has touted the self-custody of cryptocurrencies as the antidote to crypto exchange FTX’s fraud. He is pushing for his bill called “Keep Your Coins Act,” which aims to “protect self-custody from misguided attempts to restrict it.” U.S. Lawmaker Pushes for Self-Custody Congressman Warren Davidson (R-Ohio) has touted crypto self-custody following the collapse of cryptocurrency exchange FTX. He tweeted Wednesday: Self-custody is the antidote to FTX’s fraud and my Keep Your Coins Act would protect self-custody from misguided attempts to restrict it. “Anyone attacking self-custody is telling you they oppose individual freedom,” the lawmaker added. Responding to a question on Twitter about why new laws are needed if people can already self custody today, the congressman replied: Current and previous Treasury secretaries have discussed banning what they call ‘self-hosted wallets’ — self-custody. Senator Elizabeth Warren and numerous other members of Congr