Sam Bankman-Fried planned to raise money from Saudi crown prince, Ellison testifies
Caroline Ellison details how Sam Bankman-Fried planned to raise capital from Saudi Crown Prince Mohammed Bin Salman as FTX struggled to repay lenders.
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ESMA says DeFi can bring greater financial inclusion, but warns of volatility risks
The regulator said that DeFi doesn’t pose a risk to financial stability, due to its small size, but said it needs to be monitored in the future.
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Ethereum NFT production falls to all-time low in September
NFT production on Ethereum fell to an all-time low in September, as the floor prices of blue-chip NFT collections continued their decline.
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BlackRock shares go digital on JPMorgan’s Onyx blockchain
JPMorgan’s Onyx blockchain showcased near-instant collateral transfer in BlockRock’s tokenized share transaction with Barclays.
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Philippines Coins.ph partners with Circle for USDC remittances
Coins.ph joins forces with Circle to introduce USDC remittances, targeting a more efficient and affordable money transfer solution for millions of Filipinos abroad, supporting the UN’s goal of trimming remittance costs by 2023.
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Malaysia grants Hata in-principle approval to operate digital asset exchange
The Malaysian Securities Commission has given crypto firm, Hata, a conditional approval to operate a “digital asset exchange” with a “digital broker” license.
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Brazilian congressional committee calls for Binance CEO Zhao’s indictment
The congressional committee accused Changpeng Zhao and three other executives, along with 45 individuals, of running a financial pyramid scheme in the country.
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UK committee calls for tighter NFT copyright and fan token measures
The committee said fraudulent non-fungible token advertising could harm both NFT artists and investors.
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Pudgy Penguins were bred for the NFT Winter
As ‘Floptober’ rattles the NFT world, Pudgy Penguins emerge as unlikely victors, spotlighting the potential of IP-focused tactics.
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NFTs are here to stay — just not as we once knew them
Once driven by speculation and vanity car plate-like profile images, NFTs are now becoming more useful — with value that is not captured by market prices.