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SBF sent home after his parents put up their house to cover his astronomical bail bond
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SBF sent home after his parents put up their house to cover his astronomical bail bond

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: On Dec. 21, Reuters reported that Sam Bankman-Fried, the former CEO of FTX — who is now facing criminal charges that could land him in jail for the rest of his life — may be granted bail in the United States ahead of …

Brazilian president signs crypto bill into law
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Brazilian president signs crypto bill into law

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: Jair Bolsonaro, the president of Brazil set to leave office on Dec. 31, has signed a bill aimed at legalizing the use of crypto as a payment method within the country. In a Dec. 22 publication of the official journal of the federal …

Stablecoin settlements can surpass all major card networks in 2023: Data
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Stablecoin settlements can surpass all major card networks in 2023: Data

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coin Metrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are …

Alameda’s Caroline Ellison escapes potential 110-year prison term via plea deal
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Alameda’s Caroline Ellison escapes potential 110-year prison term via plea deal

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: One of the key witnesses in the ongoing FTX investigation may evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would only be prosecuted for criminal tax violations under the agreement and could be …

Frozen bank account triggers switch to Bitcoin salary for a whole year
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Frozen bank account triggers switch to Bitcoin salary for a whole year

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: As Bitcoin (BTC) adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called …

Alameda’s Caroline Ellison and FTX’s Gary Wang hit with additional fraud charges
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Alameda’s Caroline Ellison and FTX’s Gary Wang hit with additional fraud charges

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: The United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have hit former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang with fresh fraud charges. The new charges from the SEC and CFTC come as …

British Columbia to halt new power connections for crypto miners
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British Columbia to halt new power connections for crypto miners

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months.  The British Columbia government made the announcement in a statement on Dec. 21, stating that …

US senator Toomey introduces stablecoin bill as congressional session wraps up
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US senator Toomey introduces stablecoin bill as congressional session wraps up

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: Republican Senator Pat Toomey, who is set to retire from U.S. Congress at the end of the term, has used one of his last few weeks in office to introduce a new stablecoin bill, aimed at creating a regulatory framework for “payment stablecoins.” …

Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges
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Breaking: Caroline Ellison and Gary Wang plead guilty to fraud charges

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges and are cooperating in the Justice Department’s investigation of the former FTX CEO, Sam Bankman-Fried. United States Attorney for the Southern District of New York (SDNY) …

Crypto could spark the next financial crisis, says India’s RBI head
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Crypto could spark the next financial crisis, says India’s RBI head

By Fibitex | Dec, 22December 22, 2022

CoinTelegraph reported: The governor of the Reserve Bank of India (RBI), Shaktikanta Das, did not mince his words when discussing the crypto sector at a recent conference, asserting that “private” crypto will be behind the next financial crisis. Speaking at the Business Standard BFSI Insight …

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