Return to Chain Reaction.
Happy holidays.
Before you buy gifts for your family and friends, make sure you check your portfolio. There are more FTX charges and SBF's extradited.
Gary Wang, the co- founder and former CTO of FTX, and the former CEO of Alameda Research, have pleaded guilty to charges related to the collapse of the exchange. Both Wang and Ellison are cooperating with the investigators.
Nine days after being arrested in the Bahamas on a number of criminal charges from the Securities and Exchange Commission and the Commodity Futures Trading Commission, former FTX CEO Sam Bankman-Fried is returning to the US to face them.
Bankman- Fried is expected to be in the Federal District Court in New York. I'm pretty sure he'll be held in the states, but it won't be as fancy as his place in the Bahamas.
Yuga Labs, creator of a blue-chip NFT project called Bored Ape Yacht Club, has a new CEO. Nicole will remain as a strategic advisor.
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Some of the biggest stories of the week have been covered by techcrunch.
The US is going to buy the assets of a company for $1 billion.
It's been a long year for the company. The lender thought it could return funds to its customers by selling its assets to FTX. Things haven't been going well at FTX. Today, Binance.US is offering to buy the assets of the company for over $1 billion.
NFT gaming is similar to the early days of mobile gaming, according to MagicEden.
A new and innovative alternative to the traditional gaming world has arisen as a result of the growth of theBlockchain games. Some market players see an integration of the two areas. In the past, big gaming companies became hyperfocused on the mobile gaming space and started acquiring smaller games to compete. The same journey is likely to happen in web3.
If allowed to grow, the next financial crisis will be caused byCryptocurrencies.
The governor of the Indian central bank warned on Wednesday that private Cryptocurrencies will cause the next financial crisis unless they are banned. The governor of the Reserve Bank of India told a room full of banking executives and lawmakers that there was a huge risk to the macroeconomic stability of the country. I don't think we need to say anything more after the development of the last year. Time has proven that it is worth something.
Starbucks may be able to drive more integrations with big brands.
As the world continues to become more digital, the demands and needs of consumers are changing, and NFTs might be a big part of the future for brands. The consumer is changing and a lot of other brands, whether they have a loyalty program or not, are facing that challenge. The consumer in general has become more appreciative of digital goods and has become more hyper digitalized.
Mazars stopped working on proof-of-reserves work for people.
Mazars has removed the website that hosted proof-of-reserves work. According to the company, it is suspending its work with thecryptocurrencies. The audit firm has clients like Ku coin. The most important client was Binance.
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The list was compiled with information from Messari.
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