Sam Bankman-Fried extradited to the US December 21, 2022 Sam Bankman-Fried will be extradited to the US to face criminal charges for the demise of cryptocurrency exchange FTX after a judge in the Bahamas approved his transfer. In a hearing on Wednesday morning, Bankman-Fried’s legal team told the court that the former crypto executive agreed to extradition to the US, waiving his right to [...]
Large corporations will topple if they fail to adopt web3 tech December 21, 2022 What do Clorox, Twitter, Equifax, Macy’s, ViacomCBS, Nordstrom, and Southwest Airlines have in common? They’ve all, at one point or another, dropped out of the Standard & Poor’s 500 index. A common misconception plaguing the world of entrepreneurship is that the only metric of success one should care about is a swift and painless rise [...]
Collapsed crypto exchange FTX looks to claw back Bankman-Fried’s political donations December 20, 2022 The collapsed crypto exchange FTX is looking to claw back the hefty political donations made by its founder Sam Bankman-Fried as its new management team tries to recover customers’ cash and repay a long list of creditors. In a statement today, the firm said it had been approached by a number of recipients of “contributions [...]
FTX founder Sam Bankman-Fried agrees to US extradition in major U-turn December 20, 2022 The disgraced founder of FTX, Sam Bankman-Fried, has agreed to be extradited to the US from Bahamas where he faces a slew of fraud and conspiracy charges from federal prosecutors.
Blockchains are changing the way you buy your home December 19, 2022 Blockchains are changing the way you buy your home – blockchain technology has already been successfully used for a number of years in Australia by a company called PEXA, which has recorded over 11million property transactions. The same firm has recently set its sights on the UK to revolutionise the way that mortgages are handled [...]
Binance Deals With ‘Stress Test’ as Crypto Market Leverage Drops, FTX Founder is Charged December 19, 2022 Data from CryptoCompare shows that the price of Bitcoin started this past week moving up steadily from around $17,000 to a high above the $18,000 mark, before it quickly collapsed and dropped to $16,500. Ethereum’s ether, the second-largest cryptocurrency by market cap, traded in a similar way, seeing a high of $1,350 after starting the [...]
Crypto exclusive: Nexo users do not have ‘unfettered’ right to withdraw holdings, exchange says December 19, 2022 Crypto exchange Nexo has said its customers do not have the “unfettered” right to withdraw their cryptocurrencies from its platform, as it seeks to defend itself from a High Court lawsuit. Instead, Nexo said its customers only have the right to “request” withdrawals, as the exchange said it retains the right to reject any customer [...]
Auditor Mazars halts work with Binance December 16, 2022 Mazars has ceased work on providing proof-of-reserves statements with Binance, Crypto.com and other crypto firms.
Argo Blockchain gets Nasdaq notification for minimum bid price deficiency  December 16, 2022 Cryptocurrency mining firm Argo Blockchain has been notified by the Nasdaq stock exchange’s regulatory department that it has not met the minimum bid price as the closing bid remained below $1.00 for 30 consecutive days. According to Nasdaq rules, Argo has until 12 June 2023 to regain compliance with the minimum bid price requirement for [...]
Trump unveils superhero NFT collection after teasing ‘major announcement’ December 15, 2022 Donald Trump has sensationally launched a superhero-themed NFT trading card collection today after teasing a "major announcement" on his Truth Social platform earlier in the day.