Three members of the United States Senate have reportedly penned a letter to Silvergate Bank requesting information about any relationship with FTX and business entities under former CEO Sam Bankman-Fried. According to a Dec. 6 report from NBC News, Senators Elizabeth Warren, John Kennedy, and Roger Marshall sent a letter to Silvergate CEO Alan Lane. The lawmakers reportedly asked the…
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to take blockchain gaming to mainstream audiences. Oasys Closes Strategic Funding Round…
Bitcoin (BTC) and decentralized blockchains are “as strong as ever” in the wake of the FTX meltdown, ARK Invest says. In the latest edition of its monthly newsletter, “The Bitcoin Monthly,” the investment giant came out firmly bullish on BTC. ARK: FTX scandal may be “most damaging event” ever With BTC price volatility ebbing into December, the industry is still…
Bitcoin and cryptocurrency hardware wallet manufacturer Ledger has announced a new wallet designed by former Apple engineer Tony Fadell, named Ledger Stax. The wallet utilizes E ink technology on a small, rectangular wrap-around screen, similar in appearance to a smartphone. Source: Ledger The device will function as other Ledgers do, allowing users to store bitcoin and various other cryptocurrencies in…
According to a new proposal dated Dec. 6, Jared Grey, CEO of decentralized exchange Sushiswap (SUSHI), disclosed that the project’s Treasury has less than 1.5 years of runaway left, and the “significant deficit in the treasury threatens Sushi’s operational viability, requiring an immediate remedy.” Grey explained that Sushiswap’s annualized operating expenses amounted to roughly $9 million in October, however, that…
ConsenSys has issued several updates and clarifications to how it stores user data after the crypto community pushed back against the firm’s privacy policy last month. The crypto industry was up in arms in November following reports that the firm’s keystone products, MetaMask and Infura, collected users’ wallet and IP addresses. ConsenSys was quick to remind in today’s note, however,…
Hardware wallet provider Ledger, known for its cold-storage devices, announced its seventh crypto wallet in collaboration with the creator of the original iPod. Tony Fadell, the inventor of the iconic iPod Classic model, has partnered with Ledger to help the company design its latest wallet device known as Ledger Stax. The company broke the news on Dec. 6 at Ledger’s…
For over 14 years, central banks worldwide have seen blockchain technology deliver highly secure, immutable, verifiable and transparent financial ecosystems, starting with the Bitcoin network. Central bank digital currencies (CBDCs) stood out as one of the ways for fiat currency to harness a part of what cryptocurrencies achieve today. To not only keep up with rising inflation and cut down…
Crypto venture capital firm Andreessen Horowitz, also known as a16z, today announced that Brian Quintenz has assumed the full-time role of head of policy. Formerly a commissioner of the Commodity Futures Trading Commission (CFTC) under both former Presidents Obama and Trump, Quintenz first joined a16z as a senior advisor in September 2021. During his tenure at the CFTC, Quintenz oversaw…
Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing. Bitcoin Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s…
