Hong Kong authorities are looking for new designs for a central bank digital currency (CDBC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member of the Legislative Council of the Hong Kong Special Administrative Region, believes that turning the Hong Kong digital dollar (e-HKD) …
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Summary: Daniel Friedberg gave U.S. authorities insight into how Bankman-Fried diverted FTX customer funds to finance Alameda Research. Freidberg was contacted by FBI agents after the crypto exchange collapsed in November 2022, per Reuters. The report noted that Freidberg will serve as a witness for the government rather than face criminal investigation. U.S. prosecutors investigating …
The company previously intended to raise up to $2 billion during the first quarter for a web3 investment fund. 1 min read Updated: January 5, 2023 at 11:30 am Cover art/illustration via CryptoSlate Animoca Brands readjusted its fundraising target for a web3 investment fund to $1 billion from a previous goal of $2 billion in …
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The platform said the exploit affected only 4 NFT collections through which users bought 25 NFTs. 2 min read Updated: January 5, 2023 at 10:08 am Cover art/illustration via CryptoSlate Top Solana (SOL) NFT marketplace Magic Eden has promised to refund users who mistakenly bought unverified NFTs from its platform, according to a Jan. 4 …
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The U.S. Securities and Exchange Commission has filed charges against eight individuals involved in a crypto scheme called CoinDeal, according to a Jan. 4 press release. The SEC said in its complaint that CoinDeal founder Neil Chandran operated a fraudulent crypto investment scheme along with other individuals and groups. CoinDeal’s perpetrators raised over $45 million …
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Fanatics’ majority stake will be sold to an investor group led by Galaxy Digital. 2 min read Updated: January 5, 2023 at 8:58 am Cover art/illustration via CryptoSlate The sports collectible company Fanatics is divesting its stake in the NFT firm Candy Digital, according to reports from CNBC on Jan. 4. Candy Digital was founded …
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In a year that was characterized by surging energy and food prices, Germany’s average inflation rate in 2022 rose to 7.9% up from the 3.1% seen in 2021. Russia’s invasion of Ukraine, as well as the supply bottlenecks resulting from the war, are said to be among the factors that helped to drive up prices. …
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A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX. Celsius Obtains Ownership of …
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According to several reports, Wyre, a cryptocurrency payments firm, is allegedly sunsetting its business. Wyre’s purported wind down follows Bolt, another payments company, canceling its plan to acquire Wyre in September. Wyre CEO Ioannis Giannaros, however, told Axios that the company is “still operating” and is simply “scaling back.” Wyre Cryptocurrency Payments Firm Allegedly Shutting …
A popular crypto trader known for accurately calling the bottom of the 2018 Bitcoin (BTC) cycle says the worst of the bear market has come to an end. Pseudonymous crypto analyst Smart Contracter tells his 217,400 Twitter followers that even though the start of the new year may bring a new low, market conditions will …
Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof of concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank published its answers to over 70 questions. On Dec. 9, the BOE opened applications asking suppliers to …
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YouTuber Logan Paul has threatened to sue fellow YouTuber and internet detective Coffeezilla for defamation after he accused Paul’s CryptoZoo nonfungible token (NFT) project of being a “scam.” The two have been battling back and forth on both social media and YouTube videos ever since Dec. 17, when Stephen Findeisen — also known as Coffeezilla …
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Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to …
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200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400M users’ private information in the last week of December 2022. The hacker behind the December breach has earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is …
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A class action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022. The class action was filed with the U.S. district court of Massachusetts on Jan. 3, by an unnamed plaintiff known only as “John Doe” and on behalf of others similarly situated. It alleges that the data …
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