SBF contributes significantly to US midterm elections
According to Open Secrets, SBF reportedly spent approximately $40 million primarily supporting Democrats during the current election campaign. Before the 2022 midterm elections, crypto millionaire and FTX creator , Sam Bankman-Fried acknowledged being a “major donor” to both sides of the political aisle. SBF informed his Twitter followers that he had contributed to electoral campaigns […]
BC.GAME Invests 700 ETH in NFTs for a Better Metaverse
BC.GAME has invested 700 ETH in multiple NFTs with the ultimate goal of boosting the metaverse and iGaming sector. The ETH amount has been spread into 5 BAYC, 3 CryptoPunks, 1 Clonex, 2 Azuki, and 3 latest Art Gobblers. The cost of 700 ETH is believed to help the crypto industry provide a better metaverse […]
Bakkt is ready to pay $200 million for Apex Crypto
The company claimed that as Bakkt expands its product line, the acquisition will diversify and boost revenue. Apex Crypto, LLC will be purchased by digital asset platform Bakkt from Apex Fintech Solutions, Inc. According to the contract, Bakkt will pay its first payment of $55 million at the closure of the sale in order to […]
Canada will study crypto, stablecoins, and CBDCs in new budget
In order to start the consultation, the government of Canada cited its worries about the potential threats that digital assets and the digitization of money may pose to its financial system. According to its new mini-budget, the federal government of Canada will soon begin a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs). […]
Coinbase transaction revenues drop 44% as user activity dips in Q3
Coinbase efforts to cut costs have resulted in some streamlining, despite the fact that unfavorable market conditions caused revenues to fall in Q3. Even though activity decreased due to a general market slump in the third quarter, cryptocurrency exchange Coinbase nonetheless managed to reduce its losses from the previous quarter by half. The firm said […]