Dems and Reps join forces to pressure SBF to testify before Congress
“Your willingness to talk to the public will help the company’s customers, investors, and others,” said House Financial Services Committee chair Maxine Waters, addressing SBF. The leadership with the United States House Financial Services Committee have separately called on former …
DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance
The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support. On Dec. 2, the United States dollar index (DXY), an index that measures the dollar’s strength against …
3AC bankruptcy process faces challenges amid unknown whereabouts of founders
The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce. Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to …
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm’s founders “repeatedly fail to engage” with liquidators, but weren’t shy about talking to the media. The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund …
Crypto Community weighs in on SBF’s ‘apology tour’
The former FTX CEO is receiving major backlash for his New York Time DealBook Summit and Good Morning America interviews. The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour …
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
Bitcoin proponent and author Jeff Booth is convinced that the crypto ecosystem will eventually collapse as a consequence of its centralization — except Bitcoin, that is. The downfall of FTX and a number of other CeFi platforms in 2022 has …
How smart contracts can improve efficiency in healthcare
From insurance to telehealth, smart contracts are finding use cases across the healthcare industry. Smart contracts are self-executing lines of code that run atop blockchains and are triggered once a set of predetermined conditions are met. They are used to …
Bitcoin bulls lie in wait as US dollar strength hits 5-month lows
BTC price performance gains some positive tailwinds, but Bitcoin faces a potential top for U.S. stocks. Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open. BTC/USD 1-hour candle chart …
How NFT court summons could change the legal landscape
Blockchain technology is making its way into the court system, with digital summons being served with NFTs. RBB Lab, a technology development firm based in the Republic of San Marino, has utilized nonfungible token (NFT) technology to issue a court …
Animoca creates billion-dollar metaverse fund for developers
The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus. The GameFi champion and metaverse developer Animoca Brands has a billion-dollar fund in its plans, according to …