The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a
December 21, 2022 1 min read
Despite the general decline in tech equities this year (2022), Coinbase stands out as a publicly listed firm whose major business is cryptocurrency. Other businesses in this exclusive group include Block Inc. (previously Square) and crypto mining companies Core Scientific and Riot Blockchain. Coinbase’s share price has dropped 87.04%, to
December 21, 2022 1 min read
Boris Johnson’s brother Jo has resigned from his position as an adviser to the Binance cryptocurrency trading platform. In addition, Lord Johnson of Marylebone’s official documents reveals that he just started working in the position in September. The cryptocurrency market is in a volatile situation right now. And the business
December 20, 2022 1 min read
Visa has proposed a system that would enable Ethereum users to conduct transactions directly with one another, without the need for a trusted third party. Customers may pay with their own wallets that they control directly. These purchases will most likely be paid for automatically. Via Visa utilizing Account Abstraction,
December 20, 2022 1 min read
Crypto.com, a cryptocurrency trading platform, has been granted a Payment Institution License (EMI) by Brazil’s Central Bank. The approval means the company may keep providing its services and goods related to digital assets to citizens of the South American nation. CEO Kris Marszalek recently said that Crypto.com is “incredibly proud”
December 19, 2022 2 mins read
FC Barcelona, one of the most successful soccer teams in Europe, has signed a partnership arrangement with the cryptocurrency exchange WhiteBIT. Through June 2025, the exchange will be the team’s official cryptocurrency exchange partner. The soccer juggernaut said that its relationship with WhiteBIT will help them to continue to be
December 19, 2022 1 min read
Following the demise of the FTX exchange. The crypto sector across the globe has been dealt with a stringent hand in terms of regulations. Incoming FCA chair Ashley Alder is the most recent person to comment on the sector. On December 14th, he warned MPs that cryptocurrency platforms enabled widespread
December 17, 2022 1 min read
On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder
December 17, 2022 1 min read
Recently, the outcomes of Binance’s proof-of-reserves audit were made public, and blockchain analytics firm CryptoQuant used those results to publish a report. Since FTX’s demise a month ago, centralized exchanges have been under intense scrutiny. Binance receiving particular attention for its efforts to convince clients and investors that the exchange
December 16, 2022 2 mins read
The European Central Bank (ECB) joined the U.S. Federal Reserve and other central banks around the globe in taking action against inflation on Thursday by lowering the pace at which it is increasing interest rates. In an effort to combat the high costs that are weighing on consumers, the central
December 16, 2022 2 mins read