Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecutors were “not done” with arrests. In a press conference livestream on Dec. 13, Williams said the timing of the arrest of Bankman-Fried had been …
Yearly archives: 2022
Bitcoin Price Prediction for Today, December 13: BTC/USD Kicks Off Above $17,500
The Bitcoin price prediction shows that BTC is seeing some green during this week’s market opening and seems poised to reclaim higher levels in the […] Go to Source
Biggest Crypto Gainers Today December 13
Cryptocurrency markets have been on a roller coaster in recent months, and the biggest gainers today are no exception. From STX to DASH, D2T to […] Go to Source
What Happened To Chilliz
In March 2021, Chiliz (CHZ) hit an all-time high of $0.988 at the height of a crypto bull run. From its all-time high in March […] Go to Source
US Senator Jon Tester Says There’s No Reason Why Crypto Should Exist
US Senator Jon Tester says there is no useful purpose for crypto as the FTX collapse energizes talks to adopt federal crypto regulations. In a new interview with NBC’s Meet the Press host Chuck Todd, the Democratic politician from Montana says he fails to understand why crypto should even exist. “[Crypto has] not been able …
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Platypus Launches Native Stablecoin USP
December 13, 2022 – Hong Kong, Hong Kong Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets …
FTX hearing: US lawmakers criticize use of Quickbooks, creepy dough, and ‘conscientious stupidity’
Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO and business practices at the firm. As the sole witness before a hearing of the U.S. House Financial Services Committee on Dec. 13, FTX CEO John …
MetaMask Institutional, Cobo and Gnosis DAO team up for soulbound token project
Soulbound tokens (SBTs) are becoming a mainstay in the Web3 space for users and projects to define themselves in digital reality. A Dec. 13 announcement from Cobo, a digital asset custodian and blockchain technology developer, revealed a new SBT project which unites crypto industry giants to cater to users’ developing digital identities. Cobo, MetaMask Institutional …
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ConsenSys launches zkEVM private beta testnet
Web3 ecosystem developer ConsenSys unveiled its zero-knowledge Ethereum Virtual Machine (zkEVM) network for private beta testing via a blog post on Dec. 13. Designed and operated by ConsenSys, developers can deploy and manage decentralized applications using tools such as MetaMask, Truffle and Infura as if they were using the EVM directly. In addition, users can bridge …
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FTX CEO John Ray’s Testimony Reveals Sam Bankman-Fried’s Poor Leadership
FTX CEO John Ray has testified before the U.S House Committee on Financial Services John Ray criticized former CEO Sam Bankman-Fried for his unacceptable business practices. The new management has recovered over $1 billion of the lost funds. Sam Bankman-Fried has blamed John Ray and his team for jeopardizing the funds of FTX US customers. …
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SBF Indictment Unsealed: Sam Bankman-Fried Accused Of Conspiracy, Fraud, And Campaign Finance Violations
Summary: Prosecutors from the Southern District of New York filed criminal charges against Sam Bankman-Fried on Tuesday. The unseal indictment order detailed eight counts including fraud, conspiracy, and violation of U.S. Campaign Finance Laws. Other authorities like the CFTC and SEC filed charges against Bankman-Fried following his arrest by Bahamian law enforcement. The United States …
Binance Ethereum-based token withdrawals top $2B in 24 hours
Andrew Thurman reported that market makers like Jump Trading and Wintermute were among the accounts that withdrew funds in the last 24 hours. 2 min read Updated: December 13, 2022 at 5:59 pm Cover art/illustration via CryptoSlate Binance recorded over $2 billion in outflows in Ethereum-based tokens since Dec. 12 –its highest daily withdrawal since …
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SBF accused of 8 criminal charges in SDNY indictment
The indictment filed by the US Attorney for the Southern District of New York (SDNY) Damian Williams for the arrest of FTX founder Sam Bankman-Fried includes eight criminal charges. The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders, conspiracy to commit commodities and security fraud, and separate …
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Canada bars exchanges from margin, leverage trading; says stablecoins might be securities
Canada’s Securities Administrators (CSA) on Dec. 12 barred crypto exchanges operating in the country from offering margin or leverage trading services to any Canadian client. The regulator added that these crypto exchanges must hold their Canadian clients’ assets with an appropriate custodian and segregate them from the platform’s proprietary business. CSA noted that stablecoins might …
The case for institutional-grade tools for DeFi
The past decade has seen a dramatic increase in the accessibility of financial services. From online banking to mobile investing apps, more people than ever before have been able to join in. However, we are still far from making it an even playing field, with large institutions such as hedge funds dominating the game to …
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