– Former FTX CEO Sam Bankman-Fried has had his bail revoked and has been remanded to custody after allegedly intimidating witnesses.
– The SEC has delayed its decision on approving or disapproving the spot Bitcoin ETF proposed by ARK Investment Management and 21Shares.
– The SEC is seeking an appeal and stay in the court case against Ripple Labs, with the judge ruling that XRP is not a security.
– PayPal has launched a new stablecoin called PayPal USD (PYUSD) that will be available for payments and can be exchanged for other cryptocurrencies.
– Eighteen venture capital firms, including Temasek and SoftBank, are facing a lawsuit for their alleged involvement in the FTX fraud.
– Bitcoin is at $29,379, Ether at $1,842, and XRP at $0.63. The top altcoin gainers of the week are THORChain, Shiba Inu, and dYdX, while the top losers are GMX, Mantle, and XDC Network.
– Only six out of 45 cryptocurrency wallet brands have undergone penetration testing for security vulnerabilities.
– The US Federal Reserve is expanding its oversight of banks involved with crypto firms.
– The SEC has announced a $24 million settlement with Bittrex and its former CEO for operating an unregistered exchange.
– Cointelegraph features include the decentralization of blockchain games, the potential for AI in smartphones, and the latest developments in the NFT market.
