SBF to testify before US Financial Services Committee remotely
FTX’s former CEO Sam Bankman-Fried (SBF) says he will testify before the US Financial Services Committee virtually after previously missing the deadline to confirm his appearance before the committee. Sam Bankman-Fried continued his “apology tour” by joining Unusual Whales on Twitter, where he informed the approximately 60,000 viewers that he will be appearing before the […]
Bybit Launches Merkle Tree-verified Proof Of Reserves
The Dubai-based exchange, Bybit released its reserve wallet addresses and now launched a verification system for users to track its holdings. Following the FTX disaster, the cryptocurrency exchange Bybit has joined the parade of exchanges in the sector striving for transparency. It announced the launch of a Merkle Tree-based proof-of-reserve system on December 12. Users […]
NYC Mayor stands by Bitcoin amid crypto bear market
Despite a decline in the value of several tokens in 2022, New York City’s new mayor, Eric Adams, is apparently sticking to his promise of making the city a crypto-friendly one. Adams reportedly said on December 12 that he still wants New York City to be the “heart of the bitcoin sector,” which was one […]