7 biggest crypto collapses of 2022 the industry would like to forget
A look at some of the biggest disappointments in the crypto space form this year as the industry readies itself for better things to come. Go to Source Powered by WPeMatico
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FTX collapse calls for ‘prudent regulation’ in the UK
The United Kingdom is taking cautionary lessons from the collapse of FTX as calls for greater regulation come from public and private sector institutions. Go to Source Powered by WPeMatico
Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review
Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping down. In other news from … Read more
Sam Bankman-Fried found ‘chilling’ in JFK airport lounge on $250M bail bond
Based on the pictures, crypto community members confirmed that SBF’s location was the Greenwich (Business Class) lounge in American Airlines’ Terminal 8. Go to Source Powered by WPeMatico
Crypto billionaires lost $116M since March: Report
The loss represents the collective personal equity of 17 people in the space, including 15 who have lost over half of their fortunes since March. Go to Source Powered by WPeMatico
Xmas dinner table: What to tell your family about what happened in crypto this year
Christmas dinner could get awkward for crypto advocates who were adamant about their families investing last year — Cointelegraph compiled a small recap of what happened in crypto this year. Go to Source Powered by WPeMatico
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Sullivan & Cromwell LLP (S&C), a law firm headquartered in New York City, received $12 million from West Realm Shires Services Inc. on behalf of FTX for legal services. Go to Source Powered by WPeMatico
Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link
Judge Abrams’ withdrawal from the FTX case eradicates any conflict of interest in the FTX case because Andres continues to serve as a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021. Go to Source Powered by WPeMatico
Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK
Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon … Read more
Santas and Grinches: The heroes and villains of 2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year. Go to Source Powered by WPeMatico