The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who […]
During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week […]
Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around […]
Leading crypto brokerage firm FalconX revealed that roughly 18% of its funds are stuck on the bankrupt crypto exchange FTX. According to the firm’s December 8 press statement, its financial position remains strong despite FTX’s […]
Following the collapse of Sam Bankman-Fried’s FTX exchange, transparency and restoring confidence have become an industry priority. On December 7, the auditing firm Mazars released a report commissioned by Binance that appears to show that […]
The European Union has decided to limit cash purchases to €10,000 and ensure more scrutiny on crypto transactions above €1,000. Members of the bloc announced this on December 7, stating that it was part of efforts […]
Unknown parties reported two large transactions involving the cryptocurrency Shiba Inu (SHIB) on December 8th. The transactions totaled over $50 million and have led to speculation about their reasons. It also raises questions about sentiments […]
The United Kingdom HM treasury is committed to establishing a safe framework for the use of stablecoins. The FSM Bill plans to regulate crypto assets. This Friday, the HM treasury of the United Kingdom announced […]
On December 9th, the CEO of The Block, Michael McCaffery, resigned due to his failure to disclose loans he had received from Sam Bankman-Fried’s bankrupt Alameda Research. McCaffery had allegedly obtained loans from the troubled […]
Yuga Labs, developers of Bored Ape NFTs and Mutant Ape, is facing a class action lawsuit for allegedly conspiring with celebrities to promote its NFT collection. The lawsuit was filed on December 8 before the […]
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