Author: e_cash_top
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SBF slapped with $250M bail bond; FTX co-conspirators take plea deal; SEC declares FTT a security -CryptoSlate Wrapped Daily
[ad_1] The biggest news in the cryptoverse for Dec. 22 is dominated by FTX news as SBF lands in the US and is granted bail pursuant to house arrest, Caroline Ellison takes plea deal to avoid jail, Tornado Cash could be back and more in this CryptoSlate Wrapped Daily. CryptoSlate Top Stories SBF granted highest…
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OpenCBDC to process 1.84M transactions per second as Boston Fed, MIT collab is complete
[ad_1] The Federal Reserve Bank of Boston and MIT announced on Dec. 22 that their CBDC research effort, Project Hamilton, is now complete. That initiative aimed to research the technical feasibility of a central bank digital currency or CBDC. Such an asset would be tied to the value of the U.S. dollar and issued by…
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BNB Chain unique wallets surpass Ethereum, becomes largest L1 blockchain
[ad_1] Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. Growth despite crypto winter BNB Chain reported that the blockchain has…
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SBF granted highest ever pre-trail bail of $250M, released to parents’ home in Palo Alto
[ad_1] The dramatic story of Sam Bankman-Fried is far from over as he landed on U.S. soil today and stood before a magistrate in the Southern District of New York where he was indicted on 8 counts of financial crimes. At the culmination of the hearing, SBF was granted a “$250 million bond, signed by…
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Marshall Islands passes law recognizing DAOs as legal entities
[ad_1] The Republic of the Marshall Islands (RMI) announced on Dec. 22 that it had enacted the Decentralized Autonomous Organizations Act of 2022. The law formally recognizes DAOs and allows legal entities registered in the country to adopt DAO structures and governance tools. The Decentralized Autonomous Organization Act of 2022 will provide both profit and…
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US leads weak Bitcoin and Ethereum accumulation into festive period
[ad_1] Bitcoin accumulation has softened significantly but as 2022 draws to a close, the U.S. is buying more BTC than any other region, according to CrytoSlate’s analysis of Glassnode data. A similar pattern of accumulation and distribution was noted with Ethereum. Bitcoin accumulation and distribution by region The chart below depicts Bitcoin accumulation and distribution by…
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North Korean hackers reportedly stole $1.2B in crypto since 2017
[ad_1] South Korea’s National Intelligence Agency (NIS) reportedly revealed that state-sponsored North Korean hackers stole $1.2 billion worth of crypto assets in the last five and a half years and the country has been using these funds to finance its nuclear missile program. The NIS estimates that cyber criminals stole half of this amount —…
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US Senator Toomey unveils permissive stablecoin bill prior to retirement
[ad_1] Soon-to-be retired U.S. senator Pat Toomey introduced a bill on Dec. 21 that could pave the way for a more open stablecoin framework beginning next year. Titled the Stablecoin TRUST Act, Toomey’s bill would allow several types of entities including depository institutions, state-based money-transmitting businesses, and national trust banks to act as stablecoin issuers.…
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Aave founder offloads entire LDO bag over 12 months for a total of $2.4M
[ad_1] Stani Kulechov, the founder of Aave and Lens Protocol, sold 715,000 LDO tokens on Dec. 21 data from Etherscan showed. The tokens were worth around $667,200 as of press time, the batch represented the last of the Lido DAO Token allocation Kulechov got as a seen investor in Lido Finance. In December 2020, Kulechov…
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CleanSpark mined 3,750 BTC in FY’22, BTC reserves down 40% since January
[ad_1] CleanSpark’s hash rate hit 6 EH/s on Dec. 21, compared to 2 EH/s on Dec. 31, 2021 — marking a 3x increase on an annual basis. The company hit its year-end goal for the hash rate and said it expects to hit 16 EH/s by the end of 2023. 2022 financial highlights CleanSpark mined…