Proof of reserves (PoR) has gone from a buzzword to a roar in recent weeks as the crypto world tries to recover from the shock and losses of the current crypto winter. After a flurry of discussion and work, criteria and rankings for adequate PoR are beginning to appear, but the fine points of how to conduct proof of reserves,…
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range…
The Securities Commission of the Bahamas has revealed that it seized digital assets worth more than $3.5 billion from the collapsed crypto exchange FTX. The regulator explained that the cryptocurrencies were transferred to its wallets “for safekeeping” and “are being held by the Commission on a temporary basis.” Bahamas Regulator Seizes FTX’s Cryptocurrencies The Securities Commission of the Bahamas (SCB)…
As a millennial, it’s hard to say this, but boomers are doing crypto better. They are taking research methods used in the traditional markets and applying them to crypto projects, according to a new report from Bybit and consumer research company Toluna. The report says that 34% of boomers spend “a few days” doing due diligence on a project before…
Bitcoin mining hardware firm Compass Mining announced today that it won a nearly $1.5 million judgment in court this week following a contentious battle with hosting provider Dynamics Mining. Kentucky-based Dynamics said in June that Compass had failed to pay utility and hosting bills tied to a facility in Maine, and terminated its hosting agreement. Compass sells hardware that customers…
After a series of mysterious transfers and token swaps this week from wallets linked to Alameda Research, the trading firm that collapsed in November alongside sister company FTX, founder Sam Bankman-Fried took to Twitter to deny his role in the transactions. “None of these are me,” Bankman-Fried tweeted today, linking to a media report about the Alameda-linked transfers. “I’m not…
After FTX co-founder Sam Bankman-Fried (SBF) was released on bail and traveled to his parent’s home in California, it has been reported that SBF was visited by the crypto advocate Tiffany Fong, and also the “Big Short” author Michael Lewis while he’s been on house arrest. Fong detailed she managed to interview SBF, while Lewis visited to presumably get information…
Sam Bankman-Fried, the former CEO of the now-defunct FTX exchange, has denied moving funds tied to Alameda wallets, days after he was released on a $250 million bond. On Dec. 30, Fried tweeted to his 1.1 million followers, denying any involvement in the movement of funds from Alameda wallets. In response to the allegations that he may have been responsible…
Disgraced FTX founder Sam Bankman-Fried is expected to enter a plea ofd “not guilty” next week as he faces eight federal charges in the Southern District of New York related to the downfall of his crypto exchange, according to a report from the Wall Street Journal, citing a person familiar with the situation. Bankman-Fried is expected to enter his not…
Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. Prior to his death, Mr. Mo had been named as a primary suspect in an investigation launched by South Korean prosecutors for his alleged involvement in…
