The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Voyager subpoenas FTX and Alameda execs as judge orders fee examiner
On behalf of Voyager, law firm Kirkland & Ellis subpoenaed four executives from FTX and Alameda requesting an enormous array of documents.
Bank of England thinks digital pound can co-exist with private stablecoins
The central bank wants an e-GBP to be retail-focused and could form part of a "mixed payments economy" alongside cryptocurrency stablecoins.
Bank of England thinks digital pound can co-exist with private stablecoins
The United Kingdom is a step closer to launching a Central Bank Digital Currency (CBDC) after releasing a consultation paper explaining the proposed digital pound, which the public has nicknamed “Britcoin.”
The 116-page consultation paper was jointly released on Feb. 7 by the Bank of England (BoE) and His Majesty’s Treasury. A technology working paper was also released delving into the technical and economic design considerations.
Despite the rise of privately-issued stablecoins in recent years, the paper said CBDCs such as the digital pound can co-exist in what they expect to be a “mixed payments economy.”
“In much the same way that cash exists alongside private money, the digital pound does not need to be a dominant form of money in order to meet its public policy objectives. The digital pound could exist alongside other forms of money, including stablecoins.”
While the BoE and the Treasury hope to have a digital pound launched by 2025 “at the earliest,” at this stage, they’re still not 100% certain that it will be launched at all.
Bank of England thinks digital pound can co-exist with private stablecoins
The central bank wants an e-GBP to be retail-focused and could form part of a "mixed payments economy" alongside cryptocurrency stablecoins.
Nokia uses the Metaverse to connect remote breweries, train aircraft techs
Once known as a manufacturer of hardy mobile phones, Nokia has been working on developing industrial use cases for the Metaverse.
SBF’s lawyers move to block release of bail guarantors' identities
The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14.
Former Coinbase product manager pleads guilty in insider trading case
United States prosecutors have labeled this as the first insider trading case in cryptocurrency.
Lawmakers write to US officials about crypto energy usage information gathering
Elizabeth Warren and seven other Democrats want to know how much the Environmental Protection Agency and Energy Department know about crypto mining energy draws.
ConsenSys CEO: 'We've retained virtually all of our capabilities' after job cuts
The executive stated that the layoffs were due to concerns about “macroeconomic and geopolitical” issues that may affect the venture capital markets.
US financial regulators warn against crypto exposure in retirement accounts
The financial watchdogs targeted self-directed individual retirement accounts with potential exposure to crypto in a warning to investors.
Laotian CBDC proof of concept project to launch using system pioneered in Cambodia
The Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement.
US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial
Lawyers for Sam Bankman-Fried said he consented to staying the SEC and CFTC civil cases, while those for Caroline Ellison and Gary Wang did not objec to staying the CFTC case.
ConsenSys releases statement of support for continuation of the Jarrett tax case
The court dismissed the Jarretts’ case over the taxation of staking rewards after the IRS issued the refund the couple sought; not good enough, they said.
Binance to support users in Turkey’s earthquake region with $100 airdrops in BNB tokens
According to Binance CEO ‘CZ’, Binance is working on more efforts to help
Avalanche (AVAX) price is up, but do fundamentals support the rally?
Avalanche (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend throughout February. AVAX’s year-to-date gains for 2023 have outpaced those of Bitcoin (BTC) and Ether (ETH).
Recent reasons for AVAX’s rally can be attributed to an Amazon partnership announcement on Jan. 11. The partnership is meant to easily deploy nodes on the Avalanche blockchain with Amazon Web Services (AWS). Ava Labs, which supports the Avalanche ecosystem, hopes the partnership increases blockchain usage for enterprises and governments.
While AVAX price has benefited from the news, some analysts predict that the move could have been a bull trap.
Let’s dig into the fundamentals to see if on-chain network activity supports the recent AVAX rally.
AVAX fees from DeFi are up
After the AWS news, AVAX price was not the only metric seeing a quick rise. On Jan. 14, Avalanche network hit a year-to-date high of $31,218 AVAX fees received. The increase in fees compared to the previous 30 days is 59%, signaling that positive price appreciation helped boost the fees that the network received.
Avalanche (AVAX) price is up, but do fundamentals support the rally?
AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum.
What are phygital NFTs, and how do they work?
Discover the unique world of phygital NFTs and how they combine the physical and digital realms to create a new level of ownership and authenticity.
What are phygital NFTs, and how do they work?
Discover the unique world of phygital NFTs and how they combine the physical and digital realms to create a new level of ownership and authenticity.
Judge denies motion allowing SBF to use messaging apps
The judge did not provide a reason for denying the motion “without prejudice” but added the matter would face oral argument in a Feb. 9 hearing.