Breaking crypto news from the last week (Dec. 24–30, 2022): Dec. 25: DeGods and y00ts, two of the most significant NFT projects on Solana, announced a migration to other blockchains. DeGods plans to migrate to Ethereum, while y00ts will be bridged to Polygon. Dec. 26: Fidelity has filed three trademark applications to provide services in…
Breaking crypto news from the last week (Dec. 17–23, 2022): Dec. 17: Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far. Dec….
Breaking crypto news from the last week (Dec. 10–16, 2022): Dec. 12: The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, following the US authorities filed criminal charges against him. The Bahamas intends to extradite Bankman-Fried after US officials request it. Meanwhile, the “surprising” arrest comes just a day before a scheduled hearing before…
Breaking crypto news from the last week (Dec. 3–9, 2022): Dec. 4: USDC stablecoin issuer Circle and publicly traded special purpose acquisition company Concord Acquisition Corp (SPAC) mutually ended their proposed business combination after the deal “timed out.” The mutual termination comes after over a year and a half of deliberating around the terms of…
Breaking crypto news from the last week (Nov. 26–Dec. 2, 2022): Nov. 27: Recently announced, Binance’s Proof-of-Reserves system met criticism from Kraken’s CEO Jesse Powell. Soon, Binance CEO Changpeng “CZ” Zhao responded on Twitter to the remarks made by Jesse Powell. CZ was quoted as saying “Upcoming Plans: Involve third-party auditors to audit PoR outcomes.”…
Breaking crypto news from the last week (Nov. 19–25, 2022): Nov. 19: Grayscale Investments said it won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. However, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Nov. 20: Binance…