Day: 30 December 2022

The Securities Commission of the Bahamas announced on Thursday that it had seized over $3.5 billion worth of assets belonging to FTX customers since November 12. This action was taken after FTX declared bankruptcy and an unknown individual, believed to be a hacker, stole approximately $372 million in tokens from ...

Sam Bankman-Fried, the former CEO of FTX crypto exchange, reportedly had several meetings with senior aides of the United States President Joe Biden, as revealed in the White House visitor logs. The most recent visit by Bankman-Fried to the White House was just two months before the collapse of his ...

Solana, dubbed the "Ethereum killer," is slowly losing ground as its price has been unstable since the beginning of the year.  According to data from Santiment, the value of $SOL has decreased by 73% over the past eight weeks. This has led to intense Fear, Uncertainty and Doubt (FUD) within ...

The Central Bank of the Republic of Turkey (CBRT) has completed its first trial of the Digital Turkish Lira, its central bank digital currency (CBDC), and plans to conduct more trials in 2023.  The CBRT announced on December 29 that it successfully carried out payment transactions using the digital lira.  ...

India announced on Thursday that as the current president of the G20, it would prioritize the creation of a framework for international regulation of unbacked crypto assets, stablecoins, and decentralized finance. The country will also investigate the possibility of prohibiting these assets, which could be a significant setback for the ...

Nic Carter, a well-known cryptocurrency advocate, recently conducted a comprehensive analysis of several centralized cryptocurrency exchanges' Proof-of-Reserves (PoR).  In his analysis, he evaluated the quality of each exchange's PoR by considering factors such as attestation to assets held, disclosure of liabilities, and the use of a third-party auditor. According to ...

Real estate has always been a popular investment strategy for many people. However, modern investors may want to consider adding virtual real estate, or land located in a digital world, to their portfolio.  Celebrities such as Snoop Dogg and companies like PricewaterhouseCoopers have recognized that metaverse real estate can be ...

DeFi (decentralized finance) has gained popularity among crypto traders due to its efficiency, decentralized nature, and potential for financial gain. However, it's important to note that these benefits come with tax implications that cannot be ignored.  The proliferation of DEXs (like Uniswap) and smart contract-based lending platforms (like Aave) have ...

The advancement of technology has played a major role in human growth and development. Social media, which has become a reflection of modern society, has significantly contributed to these positive changes. Web3, which is a subset of blockchain technology, is another key component of contemporary society.  SocialFi, a Web3 solution ...

Security breaches and other incidents of compromise have been major roadblocks to the widespread adoption of cryptocurrency. High-profile thefts on cryptocurrency exchanges and platforms have made both new and experienced investors hesitant to invest their hard-earned money in what seem to be vulnerable crypto platforms. Although it has been claimed ...