This year saw the realignment of the crypto industry toward greener, more energy-efficient blockchains. 2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness...Continue Reading

Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry. The last year has been an eventful one for the crypto space. The collapse of the Terra ecosystem and its TerraUSD (UST) algorithmic stablecoin saw $50 billion wiped off the market in a flash....Continue Reading

Despite this growth, BNB Chain still has far less unique addresses than Bitcoin. Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer. BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022. We want to thank...Continue Reading

The law enables legal entities registered in the country to formally adopt DAO structures and governance tools. The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized...Continue Reading

Bullish said it had reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal for a listing on the New York Stock Exchange. Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the...Continue Reading

After evaluating several law firms, FTX’s unsecured creditors’ committee has chosen a legal adviser. After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21.  Global law firm Paul Hastings LLP was hired...Continue Reading

The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond. Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead...Continue Reading

Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development. Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for crypto adoption across Latin America in 2022, sources in the region told Cointelegraph, with exciting examples of progress across many countries.  Latin America made up...Continue Reading

Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food. Former FTX CEO Sam Bankman-Fried, who was remanded to the notorious Fox Hill Prison in Nassau, Bahamas, pending an investigation into the collapse of his exchange, had a different experience than many...Continue Reading

The law included many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers. Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method...Continue Reading