Day: January 19, 2023

Semafor to Buy Back $10M Investment from SBF

Besides media platforms like Semafor and The Block, political organizations that were major beneficiaries of Bankman-Fried’s benevolence are also scrambling to wash their hands clean. Media platform, Semafor is set to buy back the $10 million cash injection it received from Sam Bankman-Fried (SBF), the embattled founder and former Chief Executive Officer of the now-bankrupt cryptocurrency exchange, FTX. As reported by the New York Times (NYT), Semafor plans to raise funding from other external sources in a bid to cushion the amount it plans to use to buy back the…

Fireblocks Enlists Crypto Insurance Firm Coincover for Third-Party Key Recovery Service

“We’ve quite well known for crypto insurance, but this is to do with our disaster recovery piece,” said Oliver Cummings, Coincover’s director of strategy and partnerships. “It’s where we become a third party within Fireblocks and its client relationships. It’s almost like a break-glass solution so if something happens to the client, or to Fireblocks, we could recover that wallet for the customer.” Source

Metaverse not the endgame, but ‘ongoing digital transformation’: Davos 2023

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The metaverse has been a buzzword inside and out of the Web3 world over the last year. Moreover, development in the metaverse is something that has remained strong relative to the overall turmoil of the decentralized space. It is also a hot topic at the 2023 World Economic Forum (WEF) in Davos, Switzerland. The WEF has been developing its own initiative, “Defining and Building the Metaverse,” with the participation of over 120 participants, for which it held a press conference on Jan. 18.  The WEF panel highlighted the initiative’s first…

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy – Finance Bitcoin News

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The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in Digital Euro Development, Says Many Decisions Are Political Finance ministers of the EU member states that have adopted the common European currency, the Eurogroup, met on Monday in Brussels to mark Croatia’s accession to the…

Binance Named as Counterparty in FinCEN Order Against Bitzlato

“Approximately two-thirds of Bitzlato’s top receiving and sending counterparties are associated with darknet markets or scams. For example, Bitzlato’s top three receiving counterparties, by total amount of BTC received between May 2018 and September 2022 were: (1) Binance, a VASP; (2) the Russia-connected darknet market Hydra; and (3) the alleged Russia-based Ponzi scheme “TheFiniko,” the order said. Source

Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023

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Switzerland is a “pivot point” for crypto adoption in Europe and continues to be the “center point of the next stage of institutionalization,” said Dr. Dirk Klee, CEO of Bitcoin Suisse.  The CEO divulged why Switzerland is still the top spot for crypto in Europe and will continue to attract institutional investors in an exclusive Cointelegraph interview streetside in Davos, Switzerland.  We have boots on the ground in Davos! Our reporter @gazza_jenks speaks to Dr. Dirk Klee, CEO of @BitcoinSuisseAG about Switzerland and the adoption of cryptocurrency at the @wef.…