ORBN Revolutionizes Crowdfunding for 6000% Jump During Presale
Crypto is still in a bear market, but that isn’t stopping the launch of the Orbeon Protocol (ORBN). This innovative platform is poised to revolutionize the crowdfunding space.
Top US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-Fried
A hearing by the House Financial Services Committee on the collapse of crypto exchange FTX will go on as planned on Tuesday even without the firm's former CEO and founder Sam Bankman-Fried, who has been arrested. Bankman-Fried was taken into custody by Bahamas police late on Monday. As soon as the island nation got word that the U.S. had charged the former CEO, reportedly for fraud and money laundering, they arrested him, expecting a request for extradition. (Coindesk)
Maker of web3 Adoptable Dogs from 'Outer Space,' Dogami Raises Fresh $7 Million
Dogami, a Web3 game that enables players to adopt and raise virtual dogs, raised $7 million in a seed extension round. The fundraise was led by European venture capital firm XAnge. Other backers include Bpifrance, Blockchain Founders Fund and Wagram Capital, according to a statement from the company. (The Block)
Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023
Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include metaverse tech and implement it in their industrial and retail operations. (Bitcoin.com)
Sen. Lummis Still 'very Comfortable' with Bitcoin in Retirement Plans
Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin BTC as part of diversified retirement plans, despite calls from her senator peers otherwise. As it stands, Lummis seems to be just one of the few openly crypto-friendly politicians in the United States and has notably pushed for progressive crypto regulation alongside Senator Kirsten Gillibrand. (Cointelegraph)
It's Stacking up: SEC to File Separate Charges Against FTX's SBF
On Dec. 12, the United States Securities and Exchange Commission (SEC) said it is preparing to file charges against Sam Bankman-Fried, which will be separate from the ones leading to his most recent arrest in The Bahamas. In a statement on Twitter, the SEC tweeted a quote from its division of enforcement director Gurbir Grewal on Dec. 12 stating that the agency has “authorized separate charges relating to his violations of securities laws.” (Cointelegraph)
Crypto Twitter Explodes Over the News of Sam Bankman-Fried's Arrest
Crypto Twitter has blown up over the shocking news of Sam Bankman-Fried’s arrest in The Bahamas — many of whom weren’t expecting it to happen so soon. On Dec. 12, the disgraced FTX founder was arrested by the Royal Bahamas Police after receiving notification from the United States government that criminal charges has been filed against him. (Cointelegraph)
New FTX CEO Says he Found “Unacceptable Practices” at the Exchange
John J. Ray III, the new chief executive of bankrupt cryptocurrency exchange FTX.com, said the company’s failure was caused by the “concentration of control in a very small group of grossly inexperienced and unsophisticated individuals,” in his testimony prepared ahead of Tuesday’s House Financial Services Committee hearing. (forkast)
Waters 'Disappointed' Bankman-Fried Will no Longer Testify Before Congress
House Financial Services Committee Chair Maxine Waters, D-Calif., says she’s “disappointed” and “surprised” at the timing of Sam Bankman-Fried’s arrest, due to his scheduled appearance before her committee tomorrow. “It’s about time the process to bring Mr. Bankman-Fried to justice has begun,” said Waters in a statement released in reaction to Bankman-Fried’s arrest. “However, as the public knows, my staff and I have been working diligently for the past month to secure Mr. Bankman-Fried’s testimony before our Committee tomorrow morning.” (TheBlock)
Is Ripple Poised to Settle with SEC this Week? Crypto Twitter Weighs in
Rumours continue to swirl suggesting the two-year legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) may be coming to an end as early as this week, prompting the crypto community to weigh in on the matter. Speculation about the potential settlement appears to have come from a Dec. 10 ask-me-anything (AMA) with Cardano founder Charles Hoskinson, who said he had heard rumours that the case would be settled on Dec. 15. (Cointelegraph)
