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Tether to reduce secured loans to zero in 2023 amid battle against FUD
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Tether to reduce secured loans to zero in 2023 amid battle against FUD

By Fibitex | Dec, 14December 14, 2022

CoinTelegraph reported: The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith” in the crypto market.  In a Dec. 13 post, the stablecoin issuer addressed recent mainstream …

PayPal has become an episode of Black Mirror: Elon Musk
News

PayPal has become an episode of Black Mirror: Elon Musk

By Fibitex | Dec, 14December 14, 2022

CoinTelegraph reported: PayPal’s former leadership, also known as the “PayPal Mafia,” have slammed the payments giant for its debanking policies of late, with one co-founder calling the freezing of funds “totalitarian,” while another compared it to an episode of Black Mirror. Despite becoming crypto-friendly in recent years, …

CFTC declares Ether as a commodity again in court filing
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CFTC declares Ether as a commodity again in court filing

By Fibitex | Dec, 14December 14, 2022

CoinTelegraph reported: The Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity in a Dec. 13 court filing — in contrast to statements from chief Rostin Behnam on Nov. 30 suggesting that Bitcoin was the sole cryptocurrency that should be viewed as …

Apple to allow third-party app stores in windfall for NFTs and crypto
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Apple to allow third-party app stores in windfall for NFTs and crypto

By Fibitex | Dec, 14December 14, 2022

CoinTelegraph reported: Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for crypto and NFT app developers, at least in Europe. …

First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried
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First Mover Asia: Busan as Blockchain Hub? The Korean City Is Traveling the Wrong Path; No Bail for Bankman-Fried

By Fibitex | Dec, 14December 14, 2022

CoinDesk reported: Ether was recently changing hands at $1,319, also up 3.4% from Monday, same time. Most other major cryptos had a solid green hue with AVAX, the token of base layer network Avalanche, and LINK, the token of software platform, Chainlink recently rising 5.8% …

Bankman-Fried Lawsuits Expose FTX’s ‘Special Treatment’ of Alameda Research
News

Bankman-Fried Lawsuits Expose FTX’s ‘Special Treatment’ of Alameda Research

By Fibitex | Dec, 13December 14, 2022

CoinDesk reported: “On November 6, 2022, in response to this article, the CEO of Binance tweeted that, “[d]ue to recent revelations that have came [sic.] to light,” he would be selling the remainder of his significant FTT holdings, which he acquired during the buyout from …

Coinbase’s Prime Broker Platform Receives Industry Attestation Reports
News

Coinbase’s Prime Broker Platform Receives Industry Attestation Reports

By Fibitex | Dec, 13December 14, 2022

CoinDesk reported: SOC 1 examines internal controls over financial reporting, while SOC 2 looks at controls based on AICPA’s trust principles, which include security, availability, processing integrity, confidentiality, and privacy. Type 2 reports evaluate operational efficacy. Read more

News

Judge Approves Sale of Self-Custody Platform to Galaxy Digital in Celsius Bankruptcy

By Fibitex | Dec, 13December 14, 2022

CoinDesk reported: Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for …

Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day
News

Crypto Markets Today: Sam Bankman-Fried Hearing Tops Another Troubling Day

By Fibitex | Dec, 13December 14, 2022

CoinDesk reported: Bitcoin (BTC) and ether (ETH): The largest cryptocurrency by market capitalization climbed 4% to the $17,700 level after the U.S. Consumer Price Index (CPI) report showed inflation slowing more than expected in November. The report signaled progress in the Federal Reserve’s campaign to …

FTX Founder Sam Bankman-Fried Denied Bail in the Bahamas
News

FTX Founder Sam Bankman-Fried Denied Bail in the Bahamas

By Fibitex | Dec, 13December 14, 2022

CoinDesk reported: Magistrate Judge Joyann Ferguson-Pratt ordered that there be an extradition hearing next year, on Feb. 8, 2023, at 10:00 a.m. ET. Bankman-Fried’s attorneys initally asked the judge to consider that he be released on a $250,000 bail, arguing he needed to be able …

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