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Key Takeaways
FTX CEO Sam Bankman-Fried has warned that some third-tier crypto exchanges are “secretly insolvent” and that more crypto firm failures could be on the horizon.
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Central African Republic President Faustin-Archange Touadéra, on June 27, announced the country’s crypto hub “Sango” launch date. The crypto hub will go live on July 3 during a conference organized to mark its launch.
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Key Takeaways
CoinFLEX’s CEO has revealed the large counterparty responsible for the company’s $47 million debt is Roger Ver.
Ver denies the accusation and claims that it is in fact CoinFLEX that owes him money.
CoinFLEX has issued a notice of default to Ver.
No Man’s Sky player community reacted to the game’s shortcomings by inventing and implementing their own in-game cryptocurrency. The Hub Coin runs on the Ethereum testnet Goerli, has no real-life value, and can’t be exchanged for real money. However, the community doesn’t mind.
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The proposed Responsible Financial Innovation Act (RFIA) bill has been uploaded to GitHub for the crypto community to give their recommendations about the bill.
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Bitcoin-bull Max Keiser gave his take on the absence of a spot BTC Exchange-Traded Fund (ETF) in the U.S., saying it’s “unconscionable” that the Securities and Exchange Commission (SEC) would continue denying applications.
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Elon Musk said during a video interview at the Qatar Economic Forum that he never told people to invest in crypto.
“I have never said that people should invest in crypto.
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Elon Musk is facing a colossal lawsuit that alleges that he, as well as his companies, Tesla and SpaceX, were “engaged in a crypto pyramid scheme by way of Dogecoin cryptocurrency.
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U.S. Securities and Exchange Commission (SEC) Commissioner Hester Pierce believes that it is time for the regulator to approve a Bitcoin spot exchange-traded product (ETP).
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Central African Republic (CAR) president Faustin-Archange Touadéra has, in a tweet, suggested that he remains unfazed by the crypto market downturn.