Welcome back to Crypto Inida Weekly Update Section on Binance Feed, your source for the latest and most relevant news in the crypto market!
As the last week of Jan 2023 ends, let us look at news & events.
Prosecutors seized $50 million from SBF's Farmington State Bank account, which had only three employees. Alameda Research bought an $11.5 million stake in Farmington last March.
DCG-owned #crypto exchange Luno to fire 35% staff due to extreme market conditions!
South Korean Ministry of Justice to adopt a #cryptocurrency tracking system in order to oversee crypto transactions, and uncover the sources of illegal funds.
GenesisGlobal has filed for #bankruptcy protection, revealing a list of the top 50 unsecured claims totaling over $3.6 billion. Among the creditors are well-known names in the #crypto industry such as @GeminiTrust and @MiranaCorp. A visual representation of the claims:
El Salvador has successfully paid off an $800 million bond, proving the doubters wrong and showing that using #bitcoin as legal tender alongside the US dollar can work. #crypto2023 #Bitcon
It's been reported that the Washington, DC brownstone linked to fallen FTX Founder, Sam Bankman-Fried, has hit the market for nearly $3.3 million. This 4,100-square-foot property comprised of four bedrooms and five bathrooms is just one of the properties that Sam Bankman-Fried is likely to offload as the feds seized almost $700 million in cash and assets, according to court filings from last Friday.
The house was bought by his brother Gabe Bankman-Fried's nonprofit, Guarding Against Pandemics,
Introducing the Weekly Update Section on Binance Feed
We are excited to announce a new section on our Binance feed - a weekly report of the most important events and developments in the crypto market. This report, which will be released every Monday, will keep you up-to-date with the latest news so you can stay informed while focusing on your DCA strategy.
Genesis & its subsidiaries filed for Chapter 11 bankruptcy protection in New York. The bankruptcy filing shows Genesis owes $3.5 Billion or
Vitalik Buterin highlights privacy as the "largest remaining challenge" on $ETH . Discusses the concept of stealth addresses for anonymizing transactions.