Sam Bankman Fried, the CEO of the shuttered crypto exchange FTX, was arrested in the Bahamas on December 12 after US prosecutors filed criminal charges. According to an announcement from the Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, SBF was arrested by the Royal Bahamas police
December 13, 2022 2 mins read
Jon Tester, the senior senator from Montana, has held that position since 2007. In fact, he serves on the Senate Banking Committee and is a significant figure in US crypto regulations. On Dec 11, NBC’s news conference stated that there is “no reason why crypto should exist.” He also claimed
December 12, 2022 2 mins read
FalconX, a cryptocurrency trading firm, announced on Thursday that it had a portion of its assets caught on collapsed crypto exchange FTX. According to the corporation, its assets locked on FTX account for only 18% of its unencumbered cash equivalents. This ratio was within their counterparty exposure limit. FalconX insisted
December 10, 2022 2 mins read
Starbucks has launched the beta test of its highly anticipated Odyssey experience, which integrates customer loyalty benefits with a non-fungible token (NFT) collection and other gamified aspects. Starbucks teamed with the polygon in September to create the Starbucks Odyssey web3-powered experience. It’s time to wake up and smell the coffee
December 9, 2022 2 mins read
The Ethereum core developer has announced that the next major upgrade, the Shanghai upgrade, will be released on March 2023, and this upgrade will allow users to permit their staked ETH withdrawals. According to the Duna Analytics crypto data tracker, some of the 15.57 million ETHER, or nearly 13% of
December 9, 2022 2 mins read
STEP App, a Move-to-Earn app, was successfully launched at the Tokyo Conference in Japan. Usain Bolt, the global ambassador, formally launched the app. The event hosted a significant gathering of people — an all-inclusive community of builders, founders, investors, key stakeholders, and fitness geeks all striving to understand the future
December 8, 2022 2 mins read
Banks Spain has proposed a wholesale CBDC project, according to the coin desk on Monday. The proposal is for various financial institutions and technology service providers. According to an official statement from the bank, the program intends to increase the usage of CBDCs in wholesale transactions. Wholesale transactions are those
December 8, 2022 1 min read
Tether, the major blockchain-enabled platform, has announced the release of an offshore Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH. Which is utilizing the Tron blockchain transport layer from the platform when it launches. #Tether Launches
December 7, 2022 2 mins read
Goldman Sachs (GS), one of the world’s leading digital banking platforms, announced plans to invest $10 million to buy or invest in crypto firms whose valuations have been impacted by the demise of the crypto exchange FTX. According to Reuters, Goldman Sachs’ head of digital assets Mathew McDermott stated that
December 6, 2022 1 min read
Nexo, a crypto borrowing and lending industry revealed on December 5 that it intends to shut off its services in the United States over the next few months. It also stated that it was halting its products and services in the United States due to a lack of regulatory clarity.
December 6, 2022 2 mins read
