Day: December 30, 2022

SBF met with Biden’s senior advisors 2 months before FTX collapse: Report

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Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, one of which reportedly occurred just two months before the fall of his crypto empire. Most of the meetings were disclosed in visitor logs which are posted by the White House every month, showing that Bankman-Fried had met with Counselor to the President Steve Ricchetti on Apr. 22, 2022 and May. 12, 2022 along with another meeting on May 13 meeting with policy advisor Charlotte Butash However, according to…

Analysts Predict Orbeon Protocol (ORBN) Will Level With AAVE and Hedera (HBAR)

Place/Date: – December 30th, 2022 at 4:59 am UTC · 3 min read Source: Orbeon Protocol A group of financial analysts has predicted that Orbeon Protocol (ORBN) will experience more growth than AAVE and Hedera (HBAR) in the next few years. Orbeon Protocol (ORBN) has already seen tremendous 805% growth during the presale period, with over 20 million tokens sold so far during phase 3. Orbeon Protocol (ORBN) Orbeon Protocol (ORBN) offers a unique way of crowdfunding — one where investors have the opportunity to invest in projects at an…

Cardano (ADA) Invests in Major Web3 Projects OAK Network and SubQuery Network, DeGods and y00ts to Wave Farewell to Solana (SOL), Snowfall Protocol (SNW) Reaches New Price Milestone

Place/Date: – December 30th, 2022 at 4:57 am UTC · 3 min read Source: Snowfall Protocol Being constantly developing in the crypto market goes hand-in-hand with being at the forefront of innovation. In this day and age, it is essential to stay ahead of the competition if you want to be successful. That’s where Snowfall Protocol (SNW) comes in. This platform offers a better experience than Solana (SOL) and Cardano (ADA). So what makes Snowfall Protocol (SNW) so special? Read ahead to find out. Cardano (ADA) to Expand to Web3…

Non-US FTX customers want private info redacted from bankruptcy filings

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A group of non-U.S. FTX customers are pushing to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process. In a Dec. 28 joinder filing, the “The Ad Hoc Committee of Non-US Customers of FTX.com” (Ad Hoc Committee) stressed that publicly revealing the names and private information of customers runs the potential risk of identity theft, targeted attacks and “other injury.” “Requiring the Debtors to disclose the FTX.com customers’ names and other identifying information to the general public would cause…

Turkey’s central bank completes first CBDC test with more to come in 2023

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The Central Bank of the Republic of Turkey (CBRT) has completed the first trial of its central bank digital currency (CBDC), the Digital Turkish Lira, and has signaled plans to continue testing throughout 2023.  According to a statement released by the CBRT on Dec. 29, the central bank authority said it successfully executed its “first payment transactions” using the digital Lira. It said it will continue to run limited, closed circuit pilot tests with technology stakeholders in the first quarter of 2023, before expanding it to include selected banks and…

Former Chinese central banker says digital yuan ‘usage has been low’

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A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use. Xie Ping, a former PBOC research director and current finance professor at Tsinghua University, made critical public comments about China’s central bank digital currency (CBDC) at a recent university conference, according to a Dec. 28 Caixin report. Xie noted that cumulative digital yuan transactions had only crossed $14 billion (100 billion yuan) in October, two years after launch. “The results are not ideal,” he said,…