Author: Delroy Frazer

This narrative is still in progress and will be revised. Sam Bankman-Fried, the previous CEO of FTX, has strongly disputed the charges against him in a “pre-mortem review” of the crypto exchange’s insolvency. On Jan. 12, Bankman-Fried wrote on Substack and delineated between the companies under the FTX aegis, affirming that FTX US had $350 million in cash when it entered Chapter 11 bankruptcy. He accused Sullivan & Crowell and the FTX US general counsel of coercing him into naming John Ray as FTX’s CEO before the bankruptcy, which might have disrupted an avenue to making users “substantially whole”. Bankman-Fried…

At the beginning of January, the National Cyber Crime Unit of the United Kingdom created a cryptocurrency team to look into U.K. cyber events that use digital currencies. This measure is aimed at increasing law enforcement attention on crypto assets in the U.K. in light of the government’s campaign to eradicate “tainted money” in the nation. Ignoring the criminal investigations of failed digital currency businesses such as FTX, Celsius, 3AC, Terra, and others, 2022 was a record-setting year for illicit blockchain transactions. As per an annual report from Chainalysis, distributed on January 12, the all out digital currency worth got…

DeFi Dad got into the cryptocurrency realm in 2017, however his involvement really intensified after the bull market peak in early 2018. Despite the market dip that followed, he chose to stay in the crypto world and dedicated himself to DeFi, which became something of an obsession for him and led him to make a series of instructional videos to welcome new users to this sector. He defined decentralized finance as monetary applications without the need for authorization, trust or geographic boundaries. During the dialogue, DeFi Dad highlighted the importance of trustlessness while pointing out the contrast between decentralized applications…

Even though it has shown enthusiasm for blockchain and related technology, Ant Group has still chosen to abide by China’s hardline approach to crypto. As reported by Cointelegraph in March 2022, Ant Group was one of the companies that imposed limitations on their NFT platforms because they were concerned about the Chinese government’s tough reaction. Jack Ma, the Chinese billionaire and creator of Alibaba, has agreed to give up control of the financial technology giant, Ant Group, in accordance with the latter’s restructuring and corporate governance optimization. Before the alteration, Ma had control over the company through his 10% stake…

This news is still unfolding, and additional details will be provided once they become available. As per a recent Financial Times news report, crypto trading firm Genesis Global is said to owe its creditors an amount of more than $3 billion. To make up for the deficit, its parent company Digital Currency Group (DCG), which also owns Grayscale Investments and its set of digital asset trusts, is attempting to sell a portion of its venture capital assets. According to insiders, DCG’s venture arm is linked to more than 200 crypto-related enterprises, including exchanges, banks, and custodians based in at least…

In 2021, Nigeria’s Central Bank adopted a rigid attitude towards the cryptocurrency sector, forbidding local banks from taking part in cryptocurrency exchanges. Subsequently, nearly one and a half years later, media outlets reported the possibility of a change in policy that would allow for cryptocurrency to be regarded as a capital resource for investment. The Central Bank of Nigeria (CBN) has issued an 83-page policy document titled ‘Nigeria Payments System Vision 2025’ that mentions the potential of stablecoins, the use of blockchain technology to power a central bank digital currency (CBDC) and regulatory implications of initial coin offerings (ICOs). The…

Crypto-related exchange-traded funds (ETFs) were thought to be the impetus that would move the crypto industry into wider acceptance. Unfortunately, this was impeded by the extended bear market and a series of unfortunate incidents in the year 2020. At the beginning of the year, Bitcoin (BTC) and other altcoins had a bullish trend with most cryptos rising to all-time highs. The equity exchange-traded fund (ETF) market was also governed by BTC and the leading equity ETF is Valkyrie’s Bitcoin Miners ETF (WGMI) that has seen an increase of 40% since the start of the year. This is an unusual event…

In addition, the company suggested that people refrain from copying wallet addresses from their transaction logs and instead utilize their address book when transferring digital assets. According to the MetaMask team, a scam that tries to exploit user carelessness with crypto wallet addresses has been growing. https://twitter.com/MetaMaskSupport/status/1613255316870729728?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1613255316870729728%7Ctwgr%5Ef212de749aedd5c1b64d6da6124134102737a7a6%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fmetamask-warns-crypto-users-about-address-poisoning-scam They called it an “address poisoning scam” where attackers send tokens of zero value to wallet addresses. The scammers create these addresses from vanity address generators, and they try to match the first and last characters of the user’s wallet address. This could lead unsuspecting people to direct their funds to a fraudulent…

The UK Forum for Digital Currencies has now become a part of CryptoUK and the British Blockchain Association who are both heavily involved in the promotion of the cryptocurrency industry. CryptoUK boasts a significant 150 members of the community, companies, and institutions on its website, while the British Blockchain Association has a more global view with universities, blockchain associations, and other international entities in its membership. A coalition of UK organizations, including the City of London Corporation and four trade associations, have united to create the UK Forum for Digital Currencies. Their stated mission is to advocate for “better policies,…

The current action has those who are always optimistic about the stock market, as well as those who buy stock when prices are low, believing that the market has reached its lowest point and the bear market could be over, but what does the evidence really indicate? Bitcoin proponents are trying to lift the cost of BTC to $18,000 and the data from options trading offers crystal clear explanations why. The value of Bitcoin (BTC) rose to $17,500 on the 11th of January, taking it to its peak level in three weeks. This move gave the bulls control of the…