US Senator Elizabeth Warren Submits Crypto Know-Your-Customer Bill in Wake of FTX Collapse
As U.S. prosecutors line up charges against Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, Senator Elizabeth Warren is seeking to pass bipartisan regulation to rein in the “dark underbelly” of the crypto industry. (forkast)
BlockTower Credit and MakerDAO to Fund $220 Million of Real-World Assets Through Centrifuge
Centrifuge announced the official launch of a $220 million fund with partners BlockTower Credit and MakerDAO. The executive vote passed on Sunday, December 11, and Maker will deploy four vaults to fund investments in real-world assets (RWA), originated by BlockTower and issued on-chain through <a href="https://tinlake.centrifuge.io/" target="_blank">Centrifuge</a>.
Goldman Sachs Plans To Splash Millions Of Dollars Into Crypto Firms After FTX Implosion
Goldman Sachs plans to splash “tens of millions of dollars” on investments or buyouts in crypto firms after the FTX collapse hit last month and suppressed investor interest.
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates.
BinaryX Introduces Cyber Incubation Fund to Support Blockchain Games
BinaryX launches a new 220,000 BNX Cyber Incubation Fund, aimed at driving the growth and adoption of Web3 games.
Citi Says Crypto Market Leverage, Open Interest Are Historically Low
The past year in the digital asset market has been characterized by a series of negative shocks, triggered initially by the collapse of Terra/LUNA, Citi (C) said in a research report Monday looking back on the year.
Celsius Seeks $7.7M From Voyager's Estate as Bankruptcy Cases Intertwine
Lawyers for bankrupt lender Celsius are seeking to claw back $7.7 million from the estate of rival Voyager, as judges wrangle over the exact legal status of Celsius’ assets.
Apple to Allow External App Downloads, a Plus for Crypto and Web3 Developers
Apple Inc. is preparing to allow alternative app stores due to EU regulatory requirements, offering app developers a means of bypassing Apple’s restrictions and its 30% commission.
Digital Ticketing — The Promising Use Cases of NFTs
Regarding real-world utility of NFT, digital ticketing is always the first to pop up in mind. It is not only because of the current market size of digital ticketing, but also how NFT technology could tackle some of the pain points of digital ticketing, and offer a better experience to users.
Major Japanese Utility Works With Local Hardware Maker To Capitalize on Excess Power With Crypto Mining
Tokyo Electric Power Grid (TEPCO), a major utility company in Japan, is working with local mining rig manufacturer TRIPLE-1 to capitalize on excess power on its grid.
