Legal professionals astonished as SBF admits failures, apologizes 12 times in interview
The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.
Month: November 2022
Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. Crypto trading firm Auros...
Nifty News: Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more…
BMW and Porsche have both recently ramped up their own Web3 plays, while Baby Shark is dipping into the blockchain...
Sen. Warren: Biden administration worked to stop crypto being ‘dangerously intertwined’ with banks
The Massachusetts senator, an outspoken skeptic of crypto, applauded the efforts of FDIC acting chair Martin Gruenberg to separate digital...
FTX proves MiCA should be passed fast, officials tell European Parliament committee
In its latest hearing on FTX, the committee looked to financial officials to assess the impact of FTX’s collapse in...
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are...
LBRY says it ‘will likely be dead’ following SEC loss
LBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content...
Axie Infinity is toxic for crypto gaming
Axie Infinity, like most cryptocurrency games, has provided players with an awful experience. Blockchain gaming is only four years old...
The metaverse is happening without Meta’s permission
Despite Facebook’s new name, focus and billions in investment, the metaverse will emerge drastically different from its vision. In changing...
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that...
Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December
Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell’s speech at the Brookings Institution in...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value...
Huobi, Poloniex announced strategic partnership despite initial denials of a merger
The exchanges will cooperate progressively in HT coin development, liquidity sharing and global compliance, plus Huobi will monitor Poloniex for...
Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit
Sam Bankman-Fried was speaking at the New York Times' DealBook Summit live on Nov. 30. Former FTX CEO Sam Bankman-Fried...
US CFTC commissioner calls for new category to protect small investors from crypto
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means,...
