Month: February 2023

FTX Founder’s Shocking Criminal Charges Reveal Incredible Stupidity

• Sam Bankman-Fried’s FTX Crime Family faces new criminal charges, including bank fraud and operating an unlicensed money transmitter. • The charges reveal that Bankman-Fried was attempting to curry favor in Washington, D.C. in order to escape the consequences of his actions. • Federal officials are now charging Bankman-Fried with additional offences beyond the eight

Japan to Launch Digital Yen Pilot in April: BOJ

• Japan is set to launch a pilot program in April to test the use of its version of a central bank digital currency (CBDC) known as the digital yen. • The move comes after more than two years of proof-of-concept experiments by the BoJ around the digital yen, even as China’s digital yuan continues

Cantor Fitzgerald Manages $39B for Tether Stablecoin: WSJ

• Cantor Fitzgerald, a Wall Street bond trading powerhouse, is managing $39 billion of Tether’s reserves. • The reserves are part of the $67 billion in bonds, cash and loans backing Tether’s stablecoin (USDT). • Tether reported assets at year-end 2022 of $67 billion, with the majority in U.S. Treasury bills. Cantor Fitzgerald Managing Tether’s

Crypto Market Soars Post-Fed: DeFi and Smart Contracts Stars

• Altcoins from the DeFi and smart contracts sector outperformed bitcoin on Thursday after Federal Reserve Chair Jerome Powell offered unexpectedly less hawkish remarks. • Uniswap’s UNI token and Avalanche’s AVAX token were recently up about 4.5% and 3.4%; ether rose 3% at one point Thursday. • Bitcoin (BTC) was recently trading above $23,560, roughly