With the funds, Aztec Network plans to hire more engineers and build a new encrypted blockchain. The private layer-2 chain Aztec Network announced on Dec. 15 a $100 million Series B funding round led by venture capital firm a16z crypto. Other investors in the round include A Capital, King River, Variant, SV Angel, Hash Key, Fenbushu,...Continue Reading

Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years. Sam Bankman-Fried, former FTX CEO, faces eight accusations and could get 115 years in jail, but there is a “lot to play out” until he gets a final sentence over the coming months...Continue Reading

The 16 prize winners will share over $1M worth of prizes sponsored by companies such as Immutable X, Blockchain Game Alliance, Machinations, and many more. The Web3 gaming awards event, the GAM3 Awards, hosted by Polkastarter Gaming, has announced 16 winners at a live event on December 15.  According to an announcement shared with Cointelegraph,...Continue Reading

Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. As the coldest days of the crypto winter set in, investors’ speculative interest in the crypto market has fallen to pre-2021 levels, impairing the chance of a substantial directional price move. However, there’s a possibility...Continue Reading

The JUSD stablecoin will allow real-time settlements for institutional investors in the territory. Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 ratio with the United States dollar, Jewel Bank’s founder and chairman Chance Barnett told Cointelegraph.  Called Jewel USD (JUSD), the first stablecoin to be released...Continue Reading

The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ applications; some licensed banks may have to play catchup. The New York state Department of Financial Services (DFS) released guidance on Dec. 15 for regulated banks seeking to engage in activities with virtual currency. The guidance, which took effect immediately,...Continue Reading

The news comes after Amber Group reportedly pulled back expansion plans due to financial exposure in the FTX collapse. Cryptocurrency trading firm Amber Group, which had roughly 10% of its trading capital stuck on FTX at the time of the exchange’s collapse, has reportedly acquired cryptocurrency platform, Sparrow Holdings according to an announcement on Dec....Continue Reading

The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. A United States Trustee has announced nine creditors to the committee responsible for part of crypto exchange FTX’s bankruptcy proceedings. According to court documents filed Dec. 15, U.S....Continue Reading

Join us as we discuss the current state of the crypto market, particularly in terms of the current bear market and Bitcoin mining. Hosting the show will be Ray Salmond, head of markets at Cointelegraph, and our special guest this week is Drew Vosk. On this week’s episode of Market Talks, Cointelegraph welcomes Drew Vosk,...Continue Reading

As Web3 tools and features become integrated into many known Web2 communities, creating NFTs that are family friendly becomes a need in the space. Nonfungible tokens (NFTs) continue to be a dominant force within the Web3 space for increasing innovation and adoption. As the space continues to push its way into mainstream adoption will reach new...Continue Reading