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Monday, February 6, 2023

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Another green week pretty please?

Bankrupt cryptocurrency exchange FTX, has told the political world that it will be clawing its donations back.

Under former CEO Sam Bankman-Fried, millions of dollars flowed into the hands of candidates and action committees. However, FTX's latest statement has requested "contributions or other payments" to be returned by 28 February. If the request isn't complied with, FTX will be pursuing legal action.

In today's news, Sberbank is set to release a DeFi platform, Emergent Fidelity Technologies files for bankruptcy, and the FBI seizes assets from an NFT scammer.

Read on!

24h Hot Searches Worldwide

SingularityNET (+22.1%)
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DeepBrain (+33.5%)

It's the weekend! Here are some interesting free-to-play games to check out. We also look at the shift from pure play-to-earn to free-to-play (with the option to earn).

Read more here.

Will Illuvium dominate the GameFi space in 2023? Find out more in our latest podcast with Kieran Warwick, the co-founder of Illuvium!

Tap here to watch!

Traditional banking meets DeFi

Sberbank, Russia's largest bank, is expected to release a DeFi platform by May.

It will initially be on the Ethereum network, and accessible with MetaMask. The application is currently in a closed beta, with open testing opening in March. The bank currently has over 110 million customers, along with one million corporate clients.

CoinDesk

ZachXBT putting scammers where they should be

The FBI has seized 86.5 ETH, two NFTs, and an Audemars Piguet royal oak watch from an alleged phishing scammer. At the time of writing, the asset seizure is worth nearly $300,000.

Chase Senecal (known as HZ online) was initially exposed by blockchain detective ZachXBT back in September 2022. ZachXBT noted via Twitter that the property seizure was the result of his investigation.

Cointelegraph

SBF's Emergent Fidelity Technologies files for bankruptcy

Emergent Fidelity Technologies, the firm co-founded by Sam Bankman-Fried, has filed for Chapter 11 bankruptcy protection.

The company held 56 million shares of Robinhood Markets (HOOD) stock, which has since been seized by federal officials. It is worth more than $600 million, and has been a subject of key interest amongst FTX creditors.

CoinDesk

Compared to the broader trend in technology layoffs, headcount reductions for crypto in 2023 are at similar levels to last year, maintaining around a 4% share.

Meanwhile, consumer and retail tech sectors continue to be among the hardest hit by layoffs, mainly due to Google and Amazon.

Read on: https://gcko.io/dfrhriz