A Democratic congressman is calling for an independent investigation into the Security and Exchange Commission’s failure to prevent the historic collapse of crypto exchange FTX. In a strongly worded letter sent Tuesday, Representative Ritchie Torres (D-NY) called upon the Government Accountability Office (GAO) to conduct an independent review of the SEC’s actions—or lack thereof—in the months leading up to FTX’s…
Chainlink has a busy start to December when it comes to development launches. The Chainlink (LINK) staking program opened up for early access on Dec. 6 and will expand access on Dec. 8. According to Chainlink, staking will further secure the project’s node ecosystem and alerting mechanism: “Stakers gain access to staking rewards for securing the network through timely and…
United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on cryptocurrency, Torres said. Torres introduced the bills, which have the…
Fabio Panetta, an executive board member of the European Central Bank (ECB), proposed banning crypto assets with a significant environmental impact as part of efforts to address risks. In written remarks for the Insight Summit at the London Business School on Dec. 7, Panetta said harmonizing taxation around crypto between global jurisdictions could address some of the energy and environment…
The FBI today arrested and charged the co-founder of blockchain event startup Blockparty for swindling $1 million in cash and crypto from the company to spend on luxury goods. Rikesh Thapa, 28, who was Blockparty’s CTO from 2017 to 2019, stole 10 Bitcoin from the company and falsified trading records to cover his tracks, the Department of Justice alleged on…
Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numbers. With the app’s latest update, they can log in using blockchain-based numbers instead, and they can be purchased with cryptocurrency on the Fragment platform. Telegram Promises ‘New Era of Privacy’ With Accounts That Don’t Require Phone Numbers One of the most popular…
In this week’s newsletter, read about how the word “metaverse” placed second in Oxford’s Word of the Year. Check out how Meta is pushing forward its metaverse plans amid doubts and how the nonfungible token (NFT) marketplace Magic Eden announced a tool to enforce royalties. In other news, find out how the Opera Crypto Browser is integrating NFT minting. And,…
It’s history repeating itself. Source: https://decrypt.co/116663/dao-trying-buy-us-constitution-again
The current weakness in BTC and major altcoins shows that investor sentiment remains negative and that bears are active at higher levels. Source: https://cointelegraph.com/news/price-analysis-12-7-btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-uni
While digital selfies created by the artificial intelligence app Lensa have taken over social feeds and profile pictures, text-based artificial intelligence platform ChatGPT is taking Crypto Twitter by storm. Launched in November by OpenAI, ChatGPT has seen a flood of interest due to its surprisingly coherent and in-depth responses to questions ranging from how to exploit a smart contract to…
