On December 20th, reports surfaced that Sam Bankman-Fried (SBF), the founder of the insolvent cryptocurrency exchange FTX, signed paperwork authorizing his transfer to FBI agents for extradition to the United States to face criminal charges. This was anticipated since on December 19 Bankman-Fried was said to have accepted in principle
December 21, 2022 2 mins read
Coinbase said on Wednesday that it has received a Virtual Asset Service Provider license from the Central Bank of Ireland. With an eye on serving customers all around Europe and beyond, Coinbase plans to establish a European hub in Ireland. Coinbase has also appointed Cormac Dinan to the position of
December 21, 2022 1 min read
A long-term collaboration between Upland and UNICEF Brazil was announced in order to create a new social initiative and the Web3 academy in order to satisfy the pressing need for more chances for young people to get education, training, and employment. Through this special collaboration, it will be possible to
December 21, 2022 3 mins read
Beacon, an accelerator created by web3 founders for web3 founders, officially launches today, led by an experienced group of web3 founders and operators. To manage the initiative, Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, has hired top entrepreneurs with experience in web3 financing, legal, security, and operations. Beacon is
December 20, 2022 4 mins read
The biggest cryptocurrency exchange by trading volume, Binance, has announced its top three most-watched cryptocurrencies. Bitcoin, Ethereum, and Shiba Inu are the three most-watched cryptocurrencies as per Binance this year. In the wake of FTX’s decline, the cryptocurrency market has been suffering. Investor faith in cryptocurrencies has been shaken by
December 19, 2022 1 min read
On Friday, a member of Japan’s governing Liberal Democratic Party (LDP) announced that the LDP’s tax committee has endorsed a plan to exclude crypto businesses that issue their own tokens from paying corporation taxes on unrealized profits. The idea will be included in yearly tax policy guidelines presented to the
December 19, 2022 2 mins read
On Thursday, NFT Trading Cards featuring former President of the United States Donald Trump was released, and since then, the total value of the set has risen to almost $2.8 million. There has been a consistent increase in the value of these NFTs since their introduction. The floor price for
December 18, 2022 1 min read
The substantial reduction in the Shiba Inu (SHIB) circulating supply has been caused by the quantity of SHIB burnt in the recent hour. More tokens have been burnt in the past 24 hours than in the previous day. The Shibburn community burnt 1,500,000 SHIB tokens in a single transaction in
December 17, 2022 1 min read
More and more humanitarian organizations are turning to blockchain technology to address issues like a lack of financial infrastructure or poor identification verification in conflict- or developing-zone countries. In December, two new initiatives were announced. One gives financial assistance to Ukrainian refugees via the Stellar network. While the other intends
December 17, 2022 2 mins read
Because of the current bear market, the crypto derivatives platform Paradigm has decided to reduce employee pay by 15%. After FTX’s bankruptcy last month, derivatives trading took a significant hit. Exchange co-founded by arrested entrepreneur Sam Bankman-Fried is accused of using billions of dollars in client cash to finance the
December 15, 2022 2 mins read