SBF Willing to Testify Before US House Committee of Financial Services Next Week
The former CEO of FTX – Sam Bankman-Fried – said he is “willing” to testify before the relevant US authorities on December 13. He vowed to shed more light on…
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Amber Group Slows Down Expansion Plans on Bear Market Worries (Report)
Amber Group reportedly raised just half of its $100 million funding round and halted its global expansion efforts due to the ongoing bear market. The company recently laid off a…
Huobi Calls Bitcoin and Ether Bottoms, Predicts Recovery After Q1 2023
Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of…
PayPal Pushes Crypto Services For Europe Expansion With Luxembourg Launch
Financial service behemoth PayPal has announced expanding its crypto service to Luxembourg soon in its first foray into the European Union (EU). According to an update shared by the company,…
DeFi TVL Drops, NFT Market Performs Poorly in November: DappRadar
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the…
Federal Judge Dismisses Kim Kardashian’s Crypto Promotion Lawsuit
A federal judge dropped the crypto scam lawsuit against the American media personality and businesswoman – Kim Kardashian. Numerous investors of EthereumMax (EMAX) started a legal battle against the famous…
Nigeria Limits ATM Withdrawals to $225 Weekly in a Bid to Boost CBDC Adoption
The Central Bank of Nigeria (CBN) issued a directive according to which locals can withdraw a maximum of $225 per week from ATMs. The institution raised hopes that it could…
Marathon Digital Considers Acquiring Compute North (Report)
One of the largest cryptocurrency miners – Marathon Digital – has reportedly hired restructuring specialists to clarify its exposure to the troubled data center Compute North Holdings. Marathon will also…
SBF Could Have Reportedly Been Involved in Terra’s Collapse, Do Kwon Chips In
The former CEO of the bankrupt crypto exchange FTX – Sam Bankman-Fried (SBF) – might also be involved in Terra’s crash. Federal prosecutors have launched an investigation to determine whether…
Celsius Ordered to Return $44M of Customer’s Custodied Crypto
In a hearing on Dec. 7, bankruptcy judge Martin Glenn ordered the embattled crypto-lending firm to return funds that were not part of its yield-bearing accounts. The total is around…
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