Blockchain & Digital Assets

December 13, 2022 @ 9:13 am By JD Alois  |  

This is an interesting list. NordVPN has put together a roster of the biggest crypto hacks of 2022.  Security breaches, digital asset thefts, and crypto scams have become so prevalent they have become wallpaper. They happen all of the time, highlighting profound shortcomings in cyber-security… Read More

December 13, 2022 @ 8:56 am By JD Alois  |  

Sheila Warren, CEO of the Crypto Council for Innovation, has issued a  statement on the arrest of Sam Bankman-Fried, founder of FTX. The statement was issued prior to the announcement of civil charges being filed by both the Securities and Exchange Commission and Commodities Futures… Read More

December 13, 2022 @ 8:40 am By Omar Faridi  |  

Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is “based on a new mathematical innovation, invented by cryptography professor Dr. Miguel de Vega, called Nil Message Compute (NMC) which enables the creation of a non-blockchain decentralized network that… Read More

December 13, 2022 @ 7:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Sam Bankman-Fried, founder and former CEO of FTX. The crypto exchange filed bankruptcy last month as allegations of malfeasance surfaced. In a simultaneous action, the Commodities Futures Trading Commission (CFTC) announced charges as well…. Read More

December 12, 2022 @ 11:11 pm By Omar Faridi  |  

According to Robocash analysts, traditional currency and P2P investments remain the “most promising” assets in 2023. The most “controversial” asset class this year has been cryptocurrency (or crypto-assets), the Robo.cash team wrote in a blog post. To determine the “most favorable” assets for 2023, platform… Read More

December 12, 2022 @ 11:10 pm By JD Alois  |  

Representative Maxine Waters, Chair of the House Financial Services Committee, has issued a statement following Sam Bankman-Fried’s arrest in the Bahamas. As was reported earlier, Bankman-Fried was taken into custody by Bahamian authorities following the revelation of an indictment by the US Department of Justice…. Read More

December 12, 2022 @ 10:55 pm By Omar Faridi  |  

Earn Alliance, a game community platform, announced the close of its $4.75m seed raise to connect game developers “with genuine fans and gamers across the globe through a focus on fun versus crypto speculation.” The alpha version of Earn Alliance’s platform is “set to launch… Read More

December 12, 2022 @ 7:54 pm By JD Alois  |  

Sam Bankman-Fried, the founder and former CEO of FTX, has been placed under arrest in the Bahamas. Bankman-Fried has lived in the Bahamas since FTX became a regulated entity under Bahamanian law. FTX filed for bankruptcy protection last month under US law. Bankman-Fried was arrested… Read More

December 12, 2022 @ 4:06 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) says they are “strengthening their approach” to crypto exchanges providing services in Canada following recent events. The CSA is alluding to the bankruptcy of FTX and all of the other failures and crypto firms that have been impacted by the… Read More

December 12, 2022 @ 3:32 pm By JD Alois  |  

Tomorrow’s hearing at the House Financial Services Committee is widely anticipated across the crypto industry. Both current FTX CEO, John J. Ray, III, and former FTX CEO Sam Bankman-Fried, are scheduled to testify on the collapse of FTX. In advance of the hearing, Ray has… Read More

December 12, 2022 @ 12:07 pm By JD Alois  |  

Federal prosecutors are debating whether or not to file charges against the world’s largest crypto exchange – Binance, according to a report by Reuters. The US Department of Justice is undecided as to if they should pursue criminal charges against Binance, with an ongoing investigation… Read More

December 12, 2022 @ 11:48 am By Omar Faridi  |  

Return, which claims to be the “first” automated blockchain emissions offsetting solution, announced a partnership with Flowcarbon, a “pioneering” climate technology company that is focused on “facilitating carbon reduction and removal solutions.” As Web3 continues to expand in size and scope, environmentally-conscious users “demand an… Read More

December 12, 2022 @ 10:25 am By JD Alois  |  

The Bank of England has posted a request for applicants for a contracted service to create a proof of concept digital wallet for a Central Bank Digital Currency (CBDC). The Bank has been investigating the potential for a digital pound, similar to many other central… Read More

December 12, 2022 @ 10:06 am By JD Alois  |  

Upheaval in the crypto industry is probably not the best word to describe the calamity of the collapse of FTX and its impact on the digital asset sector. There are still too many unknowns that will take weeks or months to sift through to assess… Read More

December 12, 2022 @ 9:08 am By Omar Faridi  |  

Crypto.com, which claims it is “trusted” by more than 70 million customers world-wide and the “industry leader” in regulatory compliance, security and privacy certifications, has released its audited Proof of Reserves, “enabling users to verify that their crypto assets are fully backed (1:1) on our… Read More

December 11, 2022 @ 9:57 pm By Omar Faridi  |  

Union Bank of Philippines, a “long-standing” partner of Hex Trust, is expanding their digital asset exposure by “tapping into the metaverse.” As a continuation of their “Tech-up Pilipinas” advocacy, UnionBank has announced their entrance “to The Sandbox, with the help of Hex Trust’s digital asset… Read More

December 11, 2022 @ 5:08 pm By JD Alois  |  

For a brief moment in time, Chengpeng “CZ” Zhou, founder and CEO of Binance, and Sam Bankman-Fried founder of FTX and now disgraced former CEO, appeared to be frenemies. CZ indicated he would bail out FTX as the bank-run type event destroyed all liquidity at… Read More

December 11, 2022 @ 4:25 pm By JD Alois  |  

Last Friday, the Senate Banking Committee issued a statement as to whether or not, Sam Bankman-Fried will attend a Hearing on the FTX disaster and ensuing bankruptcy filing. The hearing is scheduled for next week on December 14, a day after the House Committee on… Read More

December 11, 2022 @ 11:40 am By Omar Faridi  |  

Nuon, which claims to be the first “unbiased,” decentralized and overcollateralized “flatcoin” whose value is pegged to an independent cost of living index, has announced that it has “joined the Chainlink BUILD program.” Nuon’s goal is “to move the needle towards the next evolution of… Read More

December 10, 2022 @ 1:09 pm By Omar Faridi  |  

Forum3, a digital collectible and strategic advisory company, announced it secured $10 million in seed round funding. The investment round was “led by Decasonic, and included participation by Bloccelerate, Liberty City Ventures, and Arca, along with strategic investments from Polygon Ventures and Valor Siren Ventures.”… Read More