By consenting to extradition, Bankman-Fried would be able to appear in a United States court. Sam Bankman-Fried, former FTX CEO, has reportedly reconsidered his earlier decision to contest extradition and is expected to appear in court in the Bahamas on Dec. 19 to seek a reversal, Reuters reported on Dec. 17 citing a person familiar...Continue Reading

Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail was denied in Bahamian court. A second application for bail has been reportedly filed by...Continue Reading

The Texas Congressman urged lawmakers to examine the SEC’s efforts to prevent fraud at the crypto exchange. The Securities and Exchange Commission (SEC) was “asleep at the wheel” regarding how FTX Group and its subsidiaries met financial and corporate control requirements, Representative Pete Sessions said in the Saturday Report on December 17. “We need to...Continue Reading

Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again. After the collapse of Terraform Labs’ cryptocurrency, Terra (LUNA), and its stablecoin, Terra (UST), the notion of “algorithmic stabilization” has fallen to a low point in popularity, both in the cryptocurrency world and among mainstream observers. This emotional response, however, is...Continue Reading

In this article, we describe what unlockable content is, how it works, and how to add it to your NFT collection correctly. After a spectacular run in 2021, almost everyone at least superficially knows what nonfungible tokens (NFTs) are. Although not many people are aware that NFTs constantly get new entrancing functionality and use cases....Continue Reading

The new standard limits crypto reserves among banks to 2% by 2025, and goes into effect on January 1, 2025. A global standard for banks’ exposure to crypto assets has been endorsed by the Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS). The standard, which sets...Continue Reading

Bitcoin network activity is “underwhelming,” the famous analyst says, as further data reaffirms a textbook BTC price bottom in progress. Bitcoin (BTC) only needs one more key on-chain signal for a classic bull market to begin, analyst David Puell says.  In a tweet on Dec. 17, the Puell Multiple creator argued that the stage is...Continue Reading

The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds. The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing liquidity problems...Continue Reading

A survey participated by 24,179 respondents across 32 countries reveal that nearly half, or 43% of the respondents, intend to use virtual reality to inspire their choices. As borders open up following prolonged COVID-induced travel restrictions, the Metaverse, one of the latest sub-crypto ecosystems, is set to help travelers decide on the destinations they want...Continue Reading

Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes. Following the arrest of former FTX CEO Sam Bankman-Fried (SBF), three prominent Democratic groups have reportedly decided to return over $1 million to investors that lost their funds...Continue Reading