U.S. District Court Hears Sam Bankman-Fried

According to documents filed with the court on January 28, the legal team representing Sam Bankman-Fried is requesting the removal of a bail restriction that banned him from accessing FTX’s finances. Bankman-attorney, Fried’s Mark Cohen, sent a letter to the judge of the United States District Court, Lewis Kaplan, stating that his client should be … Read more

Binance CEO Warns Traditional Institutions Against Reducing Exposure to Crypto

Binance CEO Changpeng “CZ” Zhao is of the opinion that a proactive reduction in exposure to cryptocurrencies by traditional institutions as a reaction to ecosystem collapses in 2022 could potentially have a negative impact on traditional financial players. This is because “CZ” Zhao believes that ecosystem collapses will occur in 2022. This idea originates from … Read more

Silvergate Bank Suspends Dividend Payments to Preserve Liquidity

Silvergate, a cryptocurrency bank located in California, has temporarily halted dividend distributions in order to protect its “very liquid balance sheet.” The company declared on January 27 that it would stop “the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to conserve capital.” This information was provided … Read more

The California DMV is set to digitize car titles and title transfers

The Department of Motor Vehicles (DMV) in the state of California is conducting experiments with the use of a private Tezos blockchain to facilitate the digitalization of vehicle titles and title transfers. The move is being made as part of a cooperation between the California Department of Motor Vehicles (DMV), the blockchain software company Tezos, … Read more