The move comes just one day after the crypto executive’s arrest on Dec. 12. According to local sources, on Dec. 13, crypto executive Sam Bankman-Fried’s (SBF) lawyers have requested bail in a Bahamas’ Magistrate Court after his arrest on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate...Continue Reading

The indictment from the Southern District of New York names only Sam Bankman-Fried, but contains allegations of illegal activities by “individuals known and unknown” as well. The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long...Continue Reading

Some members of the U.S. House of Representatives questioned whether Sam Bankman-Fried’s actions at FTX and Alameda may have been willful or due to gross incompetence. Though Sam Bankman-Fried could not attend the congressional hearing virtually due to his recent arrest in the Bahamas, United States lawmakers held no punches criticizing the former FTX CEO...Continue Reading

A new soulbound NFT project from Cobo, MetaMask Institutional and Gnosis Safe is bringing new nonfungible exclusivity and proof of identity to users. Soulbound tokens (SBTs) are becoming a mainstay in the Web3 space for users and projects to define themselves in digital reality.  A Dec. 13 announcement from Cobo, a digital asset custodian and...Continue Reading

The software has received over 150,000 signups so far. According to a new blog post on Dec. 13, Web 3.0 ecosystem developer ConsenSys unveiled its zero-knowledge Ethereum Virtual Machine (zkEVM) network for private beta testing. Designed and operated by ConsenSys, developers can deploy and manage decentralized applications using tools such as MetaMask, Truffle, and Infura...Continue Reading

Jun launched the fund amidst the bear market this year and continues to invest in Web 3.0 companies. In a new Twitter post dated Dec. 12, Du Jun, co-founder of cryptocurrency exchange Huobi Global, shared new insight on his experience of running ABCDE Capital, a $400 million Web 3.0 venture capital (VC) fund, in June...Continue Reading

DOGAMÍ’s team says it hopes to develop the first Web3 mobile game for mainstream audiences. DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by...Continue Reading

Crypto-friendly cities throughout the world report growth and innovation despite recent events. The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation.  While...Continue Reading

25 of Markets Pro’s 45 strategies are beating buy-and-hold strategies, one of which has returned over 21,000% since 2021. Since Cointelegraph Markets Pro launched — bringing professional crypto market intelligence to every investor — the platform has helped thousands of subscribers to better understand the opportunities and threats inherent in the world of crypto investing...Continue Reading

In a massive solar storm, which would be hugely damaging to a modern economys infrastructure, the blockchain parts might well be the only parts that survive. Jason Potts What was the Carrington Event? In a November 1859 meeting of the Royal Astronomical Society, British astronomer Richard Christopher Carrington reported to the esteemed scientific body that...Continue Reading