Year: 2022

SBF met with Biden’s senior advisors 2 months before FTX collapse: Report

Luke Huigsloot

Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, and reportedly a meeting just two months before the fall of his crypto empire. Most of the meetings were disclosed in visitor logs which are posted by the White House every month, showing that Bankman-Fried had met with Counselor to the President Steve Ricchetti on Apr. 22, 2022 and May. 12, 2022 along with another meeting on May 13 meeting with policy advisor Charlotte Butash However, according to a…

Celsius wants to extend the deadline for claims as lawyer fees mount

Luke Huigsloot

Bankrupt crypto lender Celsius Network is planning to file a motion that would extend the deadline for users to submit their claims by another month. The crypto community has started to grow impatient, noting that Celsius’ lawyer fees have continued to stack up and are eating away at the lender’s estate. In a Dec. 29 tweet, Celsius announced that it would seek to extend the current deadline for claims from Jan. 3 to early February.  The bankruptcy court is set to hear the motion on Jan. 10, and according to…

A Synergy of International Web3 Players, WIR Group & Sekuya, to Delve Deep into Possibilities for Impactful Web3 Mass Adoption

Anthony B

Jakarta, Indonesia–(Newsfile Corp. – December 28, 2022) – WIR Group, SE. Asia AR VR AI Metaverse tech company, is going to explore a potential and impactful web3 collaboration with decentralized web3 platform, Sekuya. WIR Group, a Forbes choice for metaverse company to watch in 2022, is currently developing Nusameta, an Indonesia metaverse ecosystem. After showcasing the prototype of Nusameta in G20 and B20 Summit 2022, entering the year 2023, WIR Group and Sekuya will co-drive the exploration of Web3 technologies in order to realize impactful mass adoption.  In picture: Yasha…

Fidelity plans NFT marketplace: Nifty Newsletter, Dec. 21–27

Ezra Reguerra

In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming firm Square Enix investing millions in an NFT game developer.  Fidelity plans NFT marketplace and financial services in the metaverse On Dec. 21, investment firm Fidelity filed three trademark applications…

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg – Altcoins Bitcoin News

Jamie Redman

2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in USD Value Has Been Erased From the Stablecoin Economy in 23 Days The market valuation of stablecoins has continued to slide and since Jan. 2022, $28.08 billion in U.S. dollar value has left the stablecoin…

The Next Wave of Institutional Digital Asset Adoption

Anthony B

There’s also added complexity in the fact that different regulations might have to be taken into account for different digital assets. While the global regulatory landscape continues to evolve, when a firm retains custody of an asset, some of these questions fall under its responsibility. For example, determining whether a particular asset is considered a security or a commodity, and how it may be treated differently in other jurisdictions, becomes relevant to how it needs to be managed by the firm. Author: Sean Lee Source link

Why SOL Could Dive Another 50%

Aayush Jindal

Solana is accelerating lower below $12 and $10 levels against the US Dollar. SOL price remains at a risk of a move towards the $7.50 and $7.00 levels. Sol price is struggling and trading well below the $12 level against the US Dollar. The price is now trading below $10 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $10.55 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could face a strong selling interest near…

Nesten and Kastr create unique Web3 advertising solutions for mainstream

Anthony B

Nesten, in next-gen community-based distributed communications infrastructure, has announced a partnership with Kastr, an interactive art curation ecosystem designed to connect digital assets and collections with physical displays. Kastr and Nesten will leverage W3bstream, IoTeX’s cutting-edge decentralized compute infrastructure that has allowed them reduced go-to-market times and lower integration costs, in a use case validating IoTeX as the optimal architecture for Web2 companies to adopt Web3 benefits without the usual immense learning curves. By combining Nesten’s innovative shared advertising platform and Kastr’s well-established relationships with top names in the luxury…