Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand. Go to Source Powered by WPeMatico
Month: December 2022
What Goldman Sachs’ CEO misunderstands about private blockchains
Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users. Go to Source Powered by WPeMatico
CFTC Follows SEC by Filing a Lawsuit Against Disgraced FTX Co-Founder Sam Bankman-Fried
On Dec. 13, 2022, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research. The CFTC alleges that FTX customer deposits, “throughout the relevant period,” including both fiat currencies and cryptocurrencies, were reportedly “appropriated by Alameda for its own use.” U.S. Commodity Futures Trading Commission: … Read more
Crypto community members discuss Bank-run on Binance
According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange Go to Source Powered by WPeMatico
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday. Go to Source Powered by WPeMatico
German crypto asset trading platform Bitcoin Group SE buys bank with full license
Bankhaus von der Heydt has its own stablecoin and digital asset custody and tokenization services, but it was on the market for a while and almost went to BitMex execs. Go to Source Powered by WPeMatico
Binance net withdrawals topped $3.6B over the last 7 days: Report
The sudden uptick in outflows may have been caused by market makers leaving the exchange. Go to Source Powered by WPeMatico
‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment
Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests. Go to Source Powered by WPeMatico
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF) to mint new crypto tokens. The lawyers detailed that it was a “request for live, dynamic access that would be provided immediately to the … Read more
Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%
GMX and LOOKS price pulled off double-digit rallies in the last week as former BitMEX CEO Arthur Hayes revealed his investment thesis for both projects. Go to Source Powered by WPeMatico