Island nation turns to metaverse to preserve its disappearing heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change.
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Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal.
UAE regulator adopts blockchain to speed up commercial judgments
ADGM Courts aims to “massively transform the delivery of judicial services,” said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts.
Tim Draper still positive on $250K Bitcoin price prediction in 2023
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said.
US national crypto laws should look like New York’s, says state regulator
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.
Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
FTX downfall was a turning point for citizen journalism: Coinbase CEO
Brian Armstrong, the CEO of Coinbase has applauded the efforts of crypto analysts and citizen journalists amid the fall of FTX.
Circle marks a possible $3B loss from Binance stablecoin conversions
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
FTX hacker is now the 35th largest holder of ETH
The exploiter's Ethereum haul is worth an estimated $288 million at current market prices.
FTX Australia's license suspended as 30K Aussies left in the lurch
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.
Paradigm co-founder feels 'deep regret' investing in SBF and FTX
Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment.
Crypto stablecoin issuer Circle adds Apple Pay support
The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers.
FTX bankruptcy freezes millions worth of crypto company funds
Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.
Will SBF face consequences for mismanaging FTX? Don’t count on it
Lawmakers, regulators and even the institutional media don’t seem to have much interest in faulting SBF for using customer money to trade under the table.
SBF winds down mystifying Twitter thread that said little over many hours
The disgraced banker of last resort has been displaying odd behavior on Twitter, leading to speculation about his intentions and mental condition.
California AG issues warning-ladened guidance for public interested in buying crypto
In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness.
FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
News of BlockFi’s potential bankruptcy filing comes only a day after the platform denied allegations that the majority of its assets were held on FTX.
Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration
Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs.
FDIC acting chair says no crypto firms or tokens are backed by agency
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto "of any kind.”
Thousands petition for congressional investigation of alleged Gensler–SBF links
Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links.
SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change," said the SEC.
1inch seeks to optimize gas costs with its new v5 router
The new router features a number of updates, including an improved smart contract error processing system.
Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge
The company mined 31% more Bitcoin than in the same quarter last year.
NY Fed launches 12-week CBDC pilot program with major banks
Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.
Bahamas’ supreme court approves ‘provisional liquidators’ for FTX
The Securities Commission of the Bahamas said it had to act “given the magnitude, urgency, and international implications of the unfolding events with regard to FTX.”
Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing.
Exchanges delist FTX Token pairs from trading platforms
Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms.
FTX-owned crypto exchange Liquid halts all withdrawals
Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022.
FTX bankruptcy filing speculates over 1 million creditors
In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.