They say knowledge is power and staying informed is essential for cryptocurrency users and investors. Recent news from the industry point participants towards important pieces of information that could prove vital. Sam Bankman-Fried is the millionaire ex-CEO with significant allegations arising that could see him go to jail before his trial in October 2023.
Shiba Inu (SHIB) token has performed spectacularly with a stellar rise of its value. At one point it rose to the $100 million mark and hit an impressive 32% of the crypto market. Traders and investors of Bitcoin might be a tad worried but may need to look back into the history of its price to interpret what’s happening.
People are talking about Friend.Tech, the invite-only beta version which raised $8.1 million within 24 hours. Despite the hype around the new social media platform’s ability to monetize user influence, some have major concerns about its privacy disposition.
In another corner of the news, the US SEC (Securities and Exchange Commission) looked into the Ark21 Bitcoin ETF filing and delivered its verdict. The agency attributed its disapproval to market manipulation and, consequently, the absence of sufficient investor protection.
Finally, the tension between the Gemini Crypto Exchange and the Digital Currency Group shows no sign of ceasing. In fact, things have become suspicious as Gemini has accused DCG of fraud through its perceived mismanagement of funds.
Cryptocurrency knowledge is crucial for investors who want to take advantage of opportunities in the market. All the above news pieces bear importance that investors should be aware of.
