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Weekly overview

SBF’s legal battle still has “a lot to play out,” according to legal commentators

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

Sam Bankman-Fried faces eight accusations and could get 115 years in jail, but a final sentence could take months or even years. Sam Bankman-Fried, former FTX CEO, faces eight accusations…

Continue ReadingSBF’s legal battle still has “a lot to play out,” according to legal commentators

Big Time and other Web3 games take home the gold at the inaugural GAM3 awards

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

The 16 prize winners will share over $1M worth of prizes sponsored by companies such as Immutable X, the Blockchain Game Alliance, Machinations and many more. Web3 gaming awards event the…

Continue ReadingBig Time and other Web3 games take home the gold at the inaugural GAM3 awards

Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

The JUSD stablecoin will allow real-time settlements for institutional investors in the territory. Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1…

Continue ReadingJewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin

Bitcoin Santa Claus rally unlikely, according to on-chain and derivatives data

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

Data suggests that BTC’s rally to $18,300 is the only Santa rally that Bitcoin will see before year-end. As the coldest days of the crypto winter set in, investors’ speculative…

Continue ReadingBitcoin Santa Claus rally unlikely, according to on-chain and derivatives data

New York State issues guidance for banks seeking to engage in activities with crypto

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

The state, a notoriously demanding regulator of the industry, has released detailed guidelines for banks’ crypto activities — and some licensed banks may have to play catchup. The New York…

Continue ReadingNew York State issues guidance for banks seeking to engage in activities with crypto

Amber Group acquires cryptocurrency platform Sparrow exchange: Report

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

The news comes after Amber Group reportedly pulled back expansion plans due to financial exposure to the FTX collapse. Cryptocurrency trading firm Amber Group, which had roughly 10% of its…

Continue ReadingAmber Group acquires cryptocurrency platform Sparrow exchange: Report

US Trustee names Wintermute on creditor committee in FTX bankruptcy case

  • Post author:admin
  • Post published:December 16, 2022
  • Post category:Weekly overview

The committee would play a role in representing creditors who lost funds or were otherwise affected by the downfall of FTX, reported to be one million people. A United States…

Continue ReadingUS Trustee names Wintermute on creditor committee in FTX bankruptcy case
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