– Coinbase recently announced the launch of its new product Base, an Ethereum layer 2 that enables anyone to build dApps cost-effectively. – Chris Blec argued that Base is an integral part of WEF plans for CBDCs and a cashless society. – There were no explicit narratives about Base being permissionless to use, with Blec…
• FTX’s former employee Nishad Singh is reportedly preparing to reach a plea deal with U.S. prosecutors. • He previously served as the exchange’s director of engineering and is now said to face charges. • The CFTC and SEC are also reportedly set to file charges against him in relation to activities such as campaign…
• The US House Committee on Financial Services has requested documents related to charges filed against FTX founder Sam Bankman-Fried by the Securities and Exchange Commission (SEC). • Due to this, the lawmakers want the Commission to provide all records and communications of its employees between Nov. 2 to Feb. 9. in the enforcement division…
• The crypto market has seen significant turmoil in the past few months, culminating with the collapse of FTX in November 2022 and a three-year low of $15,500 for Bitcoin. • Since then, Bitcoin has recovered and posted notable returns, but the market is still unstable due to ongoing bankruptcy proceedings and macro uncertainty. •…