Bitcoin News and Finance: What You Need to Know

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has told U.S. Congress that he believes the collapsed crypto exchange FTX failed because rival Binance intentionally put it out of business. He said former FTX CEO Sam Bankman-Fried (SBF) told him that Binance, which owned a 20% equity stake in FTX, refused to comply with regulators’ requests whenever FTX applied for a license in different jurisdictions. Kevin O’Leary Shares Why He Thinks FTX Failed With U.S. Senators Shark Tank star Kevin O’Leary shared why he thinks crypto exchange FTX collapsed in a congressional hearing, titled “Crypto Crash: Why the FTX Bubble Burst and the Harm to Consumers,” before the Senate Committee on Banking, Housing, and Urban Affairs on Wednesday. Senator Pat Toomey (R-PA) asked O’Leary, “Why do you believe FTX failed?” Mr. Wonderful replied, “I have an opinion. I don’t have the records.” He proceeded to convey what former FTX CEO Sam Bankman-Fried (SBF) told him after the Shark Tank star noticed that...

At the end of November, an unknown person signed a signature tied to an extremely old block reward mined on Jan. 19, 2009, and the user published a message and verified signature linked to the reward on the forum bitcointalk.org. The message was tied to a bitcoin address associated with block 1,018, a block reward that was minted 16 days after Satoshi Nakamoto launched the network. Upon further investigation, onchain data shows that block 1,018 is linked to a great number of block rewards ostensibly mined by Hal Finney, and the signed block is also connected to the very first bitcoin transaction that derived from block 9. Block 1,018 Signed by ‘Onesignature’ on Nov. 26, 2022, Is Associated With Hal Finney’s Mined Bitcoins and the Very First Bitcoin Transaction On Nov. 26, 2022, a newly created bitcointalk.org forum account called “ Onesignature ” shocked the crypto community when the unknown individual signed a message associated with block 1,018. Onesignature’s message contained a...

Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution companies in Russia have started to identify improvised mining farms in residential buildings by the rising volume of energy consumption and higher loads on the grid at substations, Deputy Ministry of Energy Pavel Snikkars revealed to the Russian press. The government official told the daily Izvestia that authorities are going after the “illegal miners.” While crypto mining is yet to be regulated and such activities are not explicitly prohibited right now, utilities can prove in courts that these consumers are not using the electricity for domestic needs. Lawyers interviewed by the newspap...

PRESS RELEASE. As part of their ongoing development, Dvision Network has announced the launch of their upgraded Dvision World 2.0 in Beta mode. The launch will officially commence on 14th December, 2022. Not too long ago, via a collaborative partnership with market leaders Binance NFT and GameFi.org, Dvision Network had unveiled the highly anticipated 4th LAND Sale, which began on October 28th at 06:00 PM, KST. What’s there to know? As stated in the official disclosure, the second iteration of Dvision World will include numerous features which will be released in an unprecedented manner. This includes the long-awaited release of Meta-City Seoul, the PET system known as “Ondoll,” and even a Play-to-Earn (P2E) model attached to their LAND NFTs, ensuring their sustainability and uniqueness. It was indicated that the upgraded version of Dvision’s metaverse will have significantly improved UI and UX, and it has already demonstrated certain aspects of its virtual reality (VR) by reg...

Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might be intimidated by crypto tech otherwise. Bitso to Power Felix Pagos Whatsapp-Integrated Remittances Remittances have been a big use case for cryptocurrency, but the relative lack of knowledge of these tools has slowed adoption in this arena. Bitso, one of the biggest crypto exchanges in Latam, with more than six million users, has partnered with Felix Pagos, a chat-based payments provider, in order to facilitate the use of crypto for remittances using Whatsapp. Through the use of Whatsapp, users of Felix Pagos will be able to send remittances without knowing they are even using cryptocurrencies. This would allow such remittances to reach audiences that are normally not crypto savvy, including the ...