All of today’s top news stories from cryptonews.com. Get the full analysis behind how media bias impacts breaking news.
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Top cryptonews.com News
Business · New York
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. See the Story
48% Center coverage: 88 sources
Business · New York
Sam Bankman-Fried Claims His Fortune Is Gone
Sam Bankman-Fried, who was once reportedly worth more than $25 billion, told Axios that he has only about $100,000 left. See the Story
Coverage: 10 sources
BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit – Defi Bitcoin News
DeFi protocol Ankr faced a massive exploit due to a bug in its code. The hacker was able to mint six quadrillion aBNBc tokens. After minting these massive amounts, the hacker was successful in swapping 20 trillion tokens for BNB. Later, he swapped these BNB tokens for a staggering 5 million USDC or $5 million.See the Story
Latest News Stories
3 Crypto Analysts Tip New Cryptocurrency Presale Dash 2 Trade for High Upside Potential
With close to a million followers combined, these crypto influencers recently reviewed new crypto project Dash 2 Trade (D2T) on their channels.See the Story
Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis
Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group. The Winklevoss twins' crypto exchange is seeking to retrieve the funds after Genesis was wrongfooted by last month's failure of Sam Bankman-Fried's FTX crypto platform.See the Story
Bitcoin Price and Ethereum Prediction; Fantom Pumps 28% in Seven Days
Global crypto market capitalization fell over 17% to $2.18 trillion over the last 24 hours. Bitcoin struggled to break above the $17,250 level on December 4, and it is now heading lower to $16,900. Similarly, after being rejected at $1,300, Ethereum, the second-most valuable cryptocurrency, has fallen.See the Story
[Opinion] Economist Paul Krugman: Crypto in an ‘Endless Winter’, Never to Recover
Economist Paul Krugman claimed the entire crypto market has entered an "endless winter" He then doubled down on his theory citing the fact that his article attracted very little crypto bro outrage. Krugman said recent failures in the crypto sector have shown that crypto institutions "more easily succumb to the temptation" to steal their customers' assets.See the Story
Crypto Experts are Loading Up On These Altcoins as Crypto Prices Bounce Back – 10x Potential?
We are still in a bear market for cryptocurrency, but this doesn't mean that now is not a good time to invest. One way to find discounted tokens is through presales before they hit the market. Some examples of such tokens are D2T, TARO, IMPT, and RIA.See the Story
Best Crypto to Buy Today, 2 December
The global crypto market cap sits at $853.21B, a 0.18% decrease over the last day. Bitcoin is down slightly and still failing to break above $17,000, currently hovering below the important resistance at $16,946. The main news today affecting risk asset markets such as stocks and cryptos is the federal jobs report today.See the Story
South Korean Crypto Exchange CEO to Serve 25 Years in Jail After Appeal Fails
The CEO of a South Korean crypto exchange was found guilty of murdering his lover by stabbing her and pushing her out of a 19th-storey apartment window. The 33-year-old man was convicted back in July, but chose to appeal the initial verdict. The CEO's legal team had pleaded for the crime to be downgraded to manslaughter, stating that he was mentally and physically weak at the time of the crime. But the appeals court judge at the Seoul High Court rejected the claim.See the Story
Bitcoin Price and Ethereum Prediction; Fantom Rockets Over 35%
Major cryptocurrencies were trading in the negative early on December 02, as the global cryptocurrency market value fell over 1.30% to $849.73 billion on the previous day. Bitcoin, the leading cryptocurrency, struggled to break above the $17,250 level on December 2, and it is now heading lower to $16,900. Over the last 24 hours, overall crypto market volume fell 14 percent to $42.61 billion. Let's take a look at the top 24-hour altcoin gainers and losers.See the Story