Nexo and Mastercard launch 'world first' crypto-backed payment card
Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch on Wednesday what it calls the world's first "crypto-backed" payment card.
Crypto Bosses Flex Political Muscle With 5,200% Surge in US Giving
www.bloomberg.com
Sam Bankman-Fried found guilty on all seven criminal fraud counts
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him.
FTX Sues Crypto Firm Bybit to Recover Assets Worth $953 Million
FTX’s bankruptcy advisers sued crypto exchange Bybit Fintech Ltd and two corporate affiliates to recover cash and digital assets valued at roughly $953 million that was withdrawn from Sam Bankman-Fried’s crypto exchange before it filed Chapter 11 a year ago.
www.bloomberg.com
MLB, Formula 1 Face Fraud Suits for Promoting FTX Cryptocurrency
FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula 1 racing and Mercedes-Benz Group AG’s racing team.
www.bloomberg.com
FIU issues notice to 9 offshore crypto platforms, writes to MeiTY for blocking of URLs
Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
indianexpress.com
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