As volatility grips the digital asset sector, it has been reported that Signature Bank, a prominent US financial institution, will reduce the dollar amount of deposits linked to cryptocurrencies by approximately $10 billion. 23% Of Deposits Targeted At an investor…
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SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets
The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…
Canadian Billionaire Kevin O’Leary Reveals $15M Payment to Become FTX Spokesman
Canadian business person, Shark Tank judge, and contributor to CNBC Kevin O’Leary admits he lost a $15 million payment made to him by FTX. In an interview with CNBC, he disclosed that the now-defunct cryptocurrency exchange FTX had paid him…
Curtains Closing On Ripple Case After 2-year Legal Battle
Ripple is finally looking forward to the SEC lawsuit’s resolution after nearly two years of protracted litigation. Ripple’s Counsel Drops Suit Hints On December 6th, Stuart Alderoty, the general counsel at Ripple, forwarded a tweet from Brad Garlinghouse in which…
Capgemini: Consumer Interest In the Metaverse Is Over 90%
The crypto market’s turbulence hasn’t prevented the metaverse from developing a utility for both businesses and consumers. The metaverse and its potential utility continue to hold sway in consumers’ thoughts despite tumultuous market conditions during the previous year. Anticipating Immense…
FTX Was Lining Up $100M Liverpool and Manchester United Sponsorship Deals
According to sources, Sam Bankman-Fried’s FTX exchange held discussions earlier this year about sponsoring Manchester United and Liverpool of the English Premier League. FTX’s Broad Ambitions Those conversations highlight how eager the now-bankrupt corporation was to spend a sizable quantity…
Amber Group Denies Insolvency Allegations
There may still be a spread of FTX’s collapse contagion. The crypto trading and asset management company Amber Group, according to on-chain expert Lookonchain, appears to be on the verge of bankruptcy. Only $11.1M In Assets Amber boasts on its…
Binance Now Has a Secure Foothold of the Japanese Market
Binance, the world’s largest and most recognized cryptocurrency exchange, entered the Japanese market by buying the regulated Sakura Exchange Bitcoin Co., Ltd. (SEBC). SEBC, a Japan Financial Service Agency (JFSA) regulated company, is now 100% owned by Binance The acquisition,…
FTX Founder to Appear In Congress After Congresswoman Maxine Water’s Request
The founder of FTX has said he will eventually testify before a congressional panel looking into his business. Financial Services Committee Hearing Sam Bankman-Fried responded to Rep. Maxine Waters’ request to come before the House Financial Services Committee on December…
The FTX Collapse And How Affected the Web3 Gaming Ecosystem
The FTX collapse had an effect on the entire crypto industry, but given the connections between Solana and FTX, Web3 gaming may have felt it the most. While some say GameFi depends on centralization to draw Web2 gamers, others predict…