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Bitcoin Sees Its First Ever Weekly ‘Golden Cross’

Bitcoin Sees Its First Ever Weekly ‘Golden Cross’

The 50-week simple moving average (SMA) of bitcoin’s price has crossed above the 200-week SMA for the first time on record.

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Socket, Bungee Restart Operations After Apparent $3.3M Exploit

The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

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Sam Bankman-Fried’s Parents Ask Court to Dismiss FTX’s Lawsuit Seeking to Recover Funds

Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred.

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Sam Bankman-Fried’s parents seek to dismiss FTX lawsuit against them

Joseph Bankman and Barbara Fried said the familial relationship is “not actionable” and denied involvement in allegedly fraudulent transfers.

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Magic Leap Execs Believe Metaverse Needs to Focus on Real-World: Report

The Mixed Reality company has raised nearly $4 billion, as metaverse tokens are solidly in the green.

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Chiliz, Klaytn Tokens Surge Over 10% on M&A Hopes, Bitcoin Listless

Klyatn and Finschia Foundation have proposed to merge the two blockchains to create a Web3 powerhouse in Asia.

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Core Scientific says reorganization plan is confirmed by bankruptcy court

Crypto mining firm Core Scientific is ready to emerge from bankruptcy and re-list on Nasdaq, the mining firm said Tuesday.

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Trial for former Terraform Labs CEO Do Kwon pushed back to March

The trial of Terraform Lab’ former CEO has been pushed back to late March after his lawyer said he faces challenges to get him to the U.S.

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IRS says businesses don’t have to report certain crypto transactions until new regulations issued

Businesses receiving crypto transactions worth more than $10,000 won’t have to report it as cash, for now.

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ProShares files for five leveraged and inverse bitcoin ETFs

ProShares filed prospectus materials for five leveraged and inverse bitcoin exchange-traded funds on Tuesday.

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