January 2023

Crypto Community at WEF Condemns FTX and SBF, Seeks Distance

• The crypto community at the WEF meeting in Davos, Switzerland, has sought to disassociate itself from FTX’s abrupt demise and its co-founder Sam Bankman-Fried, currently charged with federal crimes in the United States. • U.S. federal prosecutors filed eight criminal counts against Bankman-Fried, the former CEO of FTX, including wire and securities fraud. • …

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Animoca Brands Positions Itself to Make Waves in Crypto with 2M $SAND Deposit

• Animoca Brands has deposited 2 million $SAND with Binance. • Animoca Brands is scaling back its expectations due to the current collapse of the crypto market. • Yat Siu, co-founder and CEO of Animoca Brands, is in talks with potential investors to use the cash to assist blockchain and metaverse businesses. Animoca Brands is …

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Addressing Crypto Risk: BIS Suggests Solutions for Safer Crypto Market

• The Bank for International Settlements has proposed possible solutions to address the risks of the crypto markets. • These solutions include encouraging sound innovation with Central Bank Digital Currencies (CBDCs) and limiting global crypto adoption. • The authors note that while the bankruptcies of established projects have sparked increased calls for decentralization, true decentralization …

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