Coinbase chief Brian Armstrong says that former FTX CEO Sam Bankman-Fried was using stolen customer money to fund his trading firm Alameda Research. While Bankman-Fried continues to deny knowingly committing any wrongdoing, Armstrong says even very gullible people shouldn’t believe it. “I don’t care how messy your accounting is (or how rich you are) – …
Yearly archives: 2022
WAHED Projects Donates Five Million WAHED Coins To Fund Autism Research and Therapy
December 3, 2022 – Cranfield, England Investment and philanthropy platform WAHED has donated five million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC) at a private event in Rome. FEAC is an Italian non-profit organization focused on awareness, education and research to improve the care given to children and adolescents on …
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Blockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal Trading due to alleged misrepresentation of finances following the collapse of FTX. According to Maple Finance, it decided to cut all ties with the trading firm because it misrepresented its finances over the last four weeks and …
Treasury officials would have done more for national security by leaving Tornado Cash alone
A second powerful moment occurs when the same user is introduced to a block explorer, looks up their address and sees that same transaction there on the blockchain for all to see. There are competing visions of what Bitcoin (BTC), Ether (ETH) and other cryptocurrencies will achieve. They may be the future of gold, payments, …
Vitalik Buterin discusses his ‘excitement’ for the future of Ethereum
In a blog post dated Dec. 5, Ethereum (ETH) co-founder Vitalik Buterin wrote that money, blockchain identities, decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and hybrid applications were the top developments he was excited about in the Ethereum ecosystem. Buterin then described his experience in using Ether as a means of payment in a cafe …
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Malta prepares to revise regulatory treatment of NFTs
The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework. Under the current regulatory framework, NFTs are included within the scope of the Virtual Financial Assets Act, which also includes virtual tokens, virtual financial assets, electronic money, and all financial …
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Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default
Summary: Maple’s Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million. The loans were tied to two pools operated by Mavens M11 credit. Maple founder Sid Powell expressed shock and disappointment due to the incident. DeFi lending protocol Maple Finance severed ties with trading outfit Orthogonal Trading after the latter …
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Nexo bows out of US on regulatory uncertainty
Crypto lender Nexo announced on Dec. 5 that it was phasing out its products and services in the United States due to a lack of regulatory clarity. Today we are announcing the regrettable but necessary decision that Nexo will be phasing out its products and services in the United States due to a lack of …
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Over 66% of the total Bitcoin supply hasn’t moved in the last one year, setting a record
As the bear market trend continues, affecting all major coins, and Bitcoin’s 60% decline from the start of the year, since July 2022, there has been little change in its illiquid supply. 66% of Bitcoin’s circulating supply, i.e., 12.26 million BTC, hasn’t moved for a year, according to Glassnode data. This level is the highest …
15% of 1inch token supply worth over $100 million to be unlocked on Dec. 30
About 15% of the 1INCH token total supply will be unlocked on Dec. 30, according to the Token Unlocks dashboard. According to the blockchain analytical platform, 888,750,000 (59.25%) of 1INCH tokens are currently locked –the dashboard shows that 222,187,500 (worth $111.426 million) 1INCH tokens would be unlocked on the last day of this year. 1INCH …
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Riot Blockchain produces record 521 Bitcoin in November; plans to change mining pool
Riot Blockchain Inc. (RIOT) has announced an increase in its Bitcoin (BTC) production for November, with unaudited reports revealing the production of 521 BTC. This represents an approximate increase of 12% compared to the company’s November 2021 production of 466 BTC. Riot Produces Record 521 #Bitcoin and Achieves New All-Time High Hash Rate Capacity in …
Infura co-founder: MetaMask IP collection backlash is blown out of proportion
The co-founder of endpoint provider Infura, Michael Wuehler, said the fuss about MetaMask collecting IPs is “vastly blown out of proportion.” Agree.. it’s also incredible for millions to install MM and instantly witness and participate in web3. Our knowledge of IP address data and somehow exploiting that is vastly blown out of proportion. Simple solution, …
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Chinese Hangzhou Court calls for NFT regulation
China’s Hangzhou Court claimed that NFTs carry characteristics of property rights like value, scarcity, disposability, and readability, and therefore should be protected by the law. The Hangzhou Internet Court is a court of special jurisdiction that focuses on internet-related cases. The Court dealt with a case in late November in which it called for NFT …
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Sam Bankman-Fried may not testify before US Congress on Dec. 13
FTX founder Sam Bankman-Fried may not testify before the U.S. House Committee on Financial Services on Dec. 13 because he is still “learning and reviewing what happened” at the bankrupt exchange. Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was …
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Biggest Movers: LTC Climbs to Highest Level Since May
Litecoin rose to a seven-month high to start the week, as cryptocurrency markets continued to react to the latest U.S. nonfarm payrolls figures. The token was up for a second consecutive session, climbing to its highest point since May. Shiba inu was also a notable gainer on Monday. Litecoin (LTC) Litecoin (LTC) raced to a …
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