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” Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder “ High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor. In a Feb. 3 interview on CNBC’s Squawk on the Street, Saylor opined…
” a16z votes against proposal to deploy Uniswap V3 on BNB Chain “ Venture capital firm Andreessen Horowitz (a16z) voted against a final proposal to deploy Uniswap V3 on the BNB Chain using the Wormhole bridge, shows the Uniswap DAO forum. The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was…
” FTX seeks to claw back political donations by the end of February “ FTX’s new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives until February 28, according to a statement disclosed on Feb. 5. The move is part of bankruptcy proceedings and an effort to repay the…
” Visa’s crypto strategy targets stablecoin settlements “ Payment company Visa is seeking to build a “muscle memory” to settlements, aiming to allow customers to convert digital assets to fiat currencies on its platform, according to the company’s head of crypto division Cuy Sheffield at the StarkWare Sessions 2023. “We’ve been testing how to actually…
” What is the global financial crisis and its impact on the global economy “ When the financial system or the economy as a whole undergoes a rapid and large decline, it is said to be in a financial crisis. Financial assets like stocks, bonds, and real estate often see a sharp and significant decline…
” London emerges as world’s most crypto-ready city for business — Research “ Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top…
” Google invests $300M in AI firm previously funded by Sam Bankman-Fried “ Google Cloud has reportedly invested $300 million into artificial intelligence (AI) startup firm Anthropic, which also happened to receive over $500 million in funds from former FTX CEO Sam Bankman-Fried about six months before FTX catastrophically collapsed. While the $300 million figure…
” New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers “ The New Jersey Bureau of Securities has ordered three website operators to stop luring romance-seeking victims into their fraudulent cryptocurrency investment schemes. The three firms hit with the cease and desist orders were Meta Capitals Limited, Cresttrademining Limited and Forex Market…
” Genesis unsecured creditors’ committee appointed “ A seven-member committee has been appointed to represent the interests of unsecured creditors in Genesis Global bankruptcy case, according to court filings on Feb. 4. The committee will represent the creditors in court, having the right to be consulted before major decisions and to participate in the reorganization…
” FTX-tied townhouse in Washington DC unlisted: Report “ A property linked to Sam Bankman-Fried’s political spending was pulled off the market by the seller as a sign of “good faith” after being linked to FTX customer funds, the Wall Street Journal reported. The townhouse – located a few blocks from the United States Capitol,…