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” BlockFi files motion to return frozen crypto to wallet users “ Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from the United States Bankruptcy Court to allow its users to withdraw digital assets currently locked up in BlockFi Wallets. In a motion filed on Dec .19 with the U.S. Bankruptcy Court…
” Visa dreams up plans so you can auto-pay bills with your crypto wallet “ Crypto-users may one day be able to automatically pay their electricity and telephone bills through their self-custodial crypto wallets, according to payments giant Visa. In a Dec. 20 blog post, Visa’s crypto thought leadership team proposed a solution that would…
” ‘Huge signal and validation’ — Top Activision exec to take Yuga Labs’ helm “ The appointment of one of Activision Blizzard’s highest-ranking executives to a leadership position at Bored Ape Yacht Club (BAYC) parent Yuga Labs has been seen as a boon for its metaverse efforts and another sign of validation of the crypto…
” Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report “ Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph. According to the report, Jo Johnson had…
” Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more “ South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam. In a Dec. 19 announcement, the province’s governor Lee Cheol-woo said the metaverse project would focus on “growing economic, cultural, commercial, and people-centered…
” The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto “ The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets….
” OKX cites intermittent outage amid Alibaba Cloud equipment anomaly “ Crypto exchange OKX witnessed service disruptions after primary infrastructure provider Alibaba Cloud announced a hardware failure in Alibaba Cloud’s Hong Kong data center. Alibaba Cloud Hong Kong IDC Zone C server went offline on Saturday at roughly 10 PM ET and failed to recover…
” Kazakhstan central bank recommends a phased CBDC rollout between 2023-25 “ Kazakhstan, the world’s third-largest Bitcoin (BTC) mining hub after the United States and China, found feasibility in launching its in-house central bank digital currency (CBDC), a digital tenge. The National Bank of Kazakhstan (NBK) revealed the finding following the completion of the second…
” SBF prosecutors reportedly dig into donations made to top US Democrats “ The prosecutors investigating former FTX CEO Sam Bankman-Fried (SBF) have reportedly reached out to top members of the Democratic Party demanding information about the political donations made by the entrepreneur. Democratic members from the Democratic National Committee (DNC), the Democratic Congressional Campaign…
” Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis “ The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing liquidity problems amid the bear market. However, Bitvavo announced to prefund…