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Elon Musk has partnered with top figures in the cryptocurrency community to criticize The Wall Street Journal for allegedly spreading misinformation. The Tesla CEO, along with other prominent leaders in the crypto space, called out the publication for a report they deemed inaccurate. Musk and his counterparts are no strangers to the media’s scrutiny, particularly [...]
FTX’s new CEO John Ray III has initiated the process of reaching out to potential participants in the exchange’s revival. According to the report by WSJ, the bankrupt trading firm is negotiating with investors about supporting a potential reboot through setups like a joint venture, citing people familiar with the conversations. The relaunch plan was […]
Changpeng Zhao said the Wall Street Journal “got the facts wrong” He believes it’s a “motivated attack” on US President Donald Trump and the residual forces of the “war on crypto” from the last administration at work In 2023, Zhao resigned as Binance’s CEO as part of a plea deal Binance’s former CEO has denied […]
The post Former Binance CEO denies report, says “no discussion” with Trump over a presidential pardon appeared first on CoinJournal.
The post Tether Fights Back as It Accuses WSJ of Biased Reporting and Ignoring Real Culprits in Cryptocurrency Industry appeared first on Coinpedia Fintech News
The battle between Tether, one of the largest stablecoins in the cryptocurrency market, and the Wall Street Journal (WSJ) has been long and arduous. Tether has been fighting against what it claims is biased and misleading coverage by the WSJ for years, sending the tension to a boiling point. In its latest statement, Tether slammed …
DCG has reportedly received offers for CoinDesk exceeding $200 million in recent weeks, which at a purchase price of $500,000 would be a 39,900% return on its initial investment.
Binance’s US arm has rolled out a feature for US customers called "Pay" which was launched by its global parent to users outside the US in 2021.
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing. (Read More)
A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed.
Fidelity Investments, a leading financial services provider with an increasing visibility in the crypto and blockchain investing space, is reportedly considering allowing its customers access to crypto brokerage trading.
A report by the Wall Street Journal cites sources familiar with the matter as noting that the investment giant is planning to offer individual investors the chance to trade Bitcoin (BTC) on its brokerage platform.
Fidelity’s eye for cryptoFidelity launched its Bitcoin trading product for institutional investors in 2018 and recently added an offering that allows corporate clients to save Bitcoin on their 401(k) accounts. The firm has also launched various crypto-related investment products across Europe amid greater demand from institutional investors.
The latest move could therefore see the company bring the digital asset to millions of its brokerage account holders, WSJ reported.
Indeed, according to the report, going through with the said plans could see Fidelity offer crypto trading to millions of people – currently the company has over 34.4 million brokerage accounts.
As Invezz reported in August, investment asset manager BlackRock partnered with crypto exchange Coinbase to provide crypto custody, trading and brokerage to its institutional customers. BlackRock will offer the services via its investment management arm Aladdin.
The post Fidelity considers Bitcoin trading for brokerage clients- WSJ appeared first on Invezz.
Tether says it intends to perform an audit following concerns raised by the Wall Street Journal earlier this week. Tether Is Planning an Audit Tether says it hasn’t been audited...
Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets.
A recent report from the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could handle. (Read More)
A Wall Street Journal article on insider trading in crypto platforms has caused quite a stir. Citing publicly available data, the article claimed that several anonymous crypto investors profited from inside knowledge of when tokens would be listed on exchanges. It then takes back to August 2021 when one unknown crypto wallet had acquired a […]
The NFT market is thriving, actually. Once again, the Wall Street Journal makes a fool of itself by tackling subjects beyond the publication’s comprehension. The author declares “the NFT market is collapsing,” citing suspicious numbers and two cases of bad trades as proof. And then, to top it all off poses a terrible theory. The “NFT Sales Are Flatlining” article is embarrassing beyond belief. Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Among other things, it proposes the worst definition of NFTs ever written: “NFTs are bitcoin-like digital tokens that act like a certificate of ownership that live on a blockchain.” No, NFTs are not “bitcoin-like” at all. And the WSJ just forgot about the “non-fungible” aspect of these unique digital assets. And yes, someone bought an NFT of Jack Dorsey’s first tweet for $2.9M, another person bought a Snoop Dogg endorsed one for $32K. Both tried to auction the digital assets and only got embarrassingly low offers. Based on those two cases, the WSJ implies that the whole NFT market is dead on the water. THE DEATH OF NFTs… One buyer purchased a Snoop Dog curated NFT in early April for about $32,000 worth of the cryptocurrency ether. It's now up for auction, with an asking price of $25.5 million. The highest current bid is for 0.0743 ether—about $210.https://t.co/dg54XYijxh — Steven Russolillo (@srussolillo) May 3, 2022 The WSJ bogus numbers about the NFT Market Admittedly, the Wall Street Journal probably has access to a wider array of data than NewsBTC. However, the numbers they use to prove the NFT market is dead are suspicious as hell. “The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September, according to the data website NonFungible. The number of active wallets in the NFT market fell 88% to about 14,000 last week from a high of 119,000 in November.” Notice that they don’t link to NonFungible and provide a few low-resolution graphs that the normal eye can’t audit. However, everyone can go to NonFungible. The number of sales for May 3rd is 104.465 and that represents $206B. Hardly the signs of a dead NFT market. Granted, the number of sales for April 3rd is approximately 14K, but on May 1st the NFT market moved a whooping $778B in 117K sales. That’s not it. The WSJ also presents these stats as if they prove its case: “The imbalance between supply and demand is also hurting the NFT market. There are about five NFTs for every buyer, according to data from analytics firm Chainalysis. As of the end of April, there have been 9.2 million NFTs sold, which were bought by 1.8 million people.” Have they even been to OpenSea? There are hundreds of collections. And NFT aficionados own dozens of pieces. Sometimes, hundreds. Sometimes, thousands. And that’s just one platform that serves one blockchain. Five NFTs for every buyer is nothing. ETH price chart for 05/04/2022 on Coinbase | Source: ETH/USD on TradingView.com The Wall Street Journal’s Off The Mark Theory This might be the most ridiculous part of the article. Let’s let the author bury himself: “There are signs that collectors may also differentiate between NFTs that catalog a vast set of cartoonlike characters—like the CryptoPunks—and tailored, NFT art projects spurred by major artists who already enjoy museum followings.” And then he talks about Jeff Koons and Chinese artist Cai Guo Qiang, who sold out NFT collections, and director Kevin Smith, who’s planning to. Meanwhile, Moonbirds set the NFT market on fire and the Bored Ape’s Otherside literally broke Ethereum. We’re talking billions of dollars for the “cartoonlike characters” team. Not only that, The Nightly Mint points us towards Nansen’s numbers. 6/ Taking a look at NFT Paradise, volume is robust – the last two weeks are both set to be among the top-10 in history (measured in ETH). Users per Week and Transactions per Week are likewise looking to reverse downtrends that began at the start of the year. pic.twitter.com/edNKzddMQW — Nansen?? (@nansen_ai) May 3, 2022 They clearly show that “the last two weeks are both set to be among the top-10 in history (measured in ETH).” And that “the Blue Chips and Social sectors are on a tear, up 81% and 83% YTD.” So, what game is the Wall Street Journal playing? Is this a case of poor research or evidence of malicious intent? That’s for you to decide, dear reader. Featured Image by Philip Strong on Unsplash | Charts by TradingView
An article by the WSJ suggesting the non-fungible token (NFT) market is “collapsing” doesn’t show the full picture as contrasting analysis reveal a consolidation is instead taking place.
According to a recent report, the U.S. Securities and Exchange Commission (SEC) has allegedly started probing the startup that operates the decentralized exchange (dex) Uniswap. The dex platform Uniswap is the largest dex in terms of trade volume with over $10 billion in crypto tokens swapped in the last seven days. Sources from the report… More
The post SEC Allegedly Probes Operators Behind World’s Largest Decentralized Exchange, Uniswap: Report appeared first on BTC Ethereum Crypto Currency Blog.
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