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2022-12-23 06:28:03 FTX funded 94% of Blockfolio takeover with its FTT token: Bloomberg

When now-defunct crypto exchange FTX acquired the portfolio tracking platform Blockfolio in 2020, it used its own exchange token, FTT, to fund the takeover, according to Bloomberg. which FTX created — Bloomberg reported, citing financial statements it obtained.

The financial details of FTX's purchase of Blockfolio were previously unclear, though it was widely reported at the time that the exchange paid with a combination of cash, crypto and equity. The news follows a late complaint yesterday from the U.S. Securities and Exchange Commission which claims FTT is a security. It specifically noted that FTX used proceeds from the FTT token sale to fund its business efforts.

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2022-12-23 05:59:02 FTX creditors tap Paul Hastings LLP for representation: reports

FTX creditors will be represented by Paul Hastings LLP in the crypto exchange's high-profile bankruptcy proceedings.Paul Hastings was chosen from a pool of candidates by a nine-member committee formed last Thursday, according to The Wall Street Journal.

The ongoing bankruptcy proceedings for FTX see the company attempting to reclaim more than $1 billion spread around the world. Its founder and former CEO, Sam Bankman-Fried, was in FBI custody and extradited to the U.S. from the Bahamas on criminal charges. Caroline Ellison, the former CEO of Bankman-Fried's sister firm Alameda Research, agreed to a plea deal with the U.S. Department of Justice. FTX co-founder Gary Wang did the same.

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2022-12-23 05:30:03 Microsoft wants to buy Netflix in 2023. The amount of the deal could be $190 billion.

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2022-12-23 05:12:03 Facebook’s ex-gaming chief says Apple holding back crypto gaming, for now

Crypto gaming is struggling to gain traction, and at least one person believes the world’s biggest company is partially to blame or at the very least isn’t helping. all in-app transactions, is a major impediment to the wider adoption of blockchain games.

Many industry leaders see gaming as key to unlocking web3’s potential and attracting a large number of mainstream consumers, especially with the crypto world grappling with falling prices and a tarnished reputation. But the crypto gaming space is limited to Android users and failing to carve out a significant portion of the estimated $153 billion mobile gaming market. Much of that revenue is made up of iPhone user consumption.

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2022-12-23 04:31:02 European Parliament's NFT push derailed by Qatargate bribery scandal

The European Parliament’s report for bespoke NFT policy has been scrapped after MEP Eva Kaili was charged with corruption over alleged bribes from Qatari officials. Kaili is awaiting results from a hearing which took place in a federal court in Brussels today.

The Parliament's report on NFTs was withdrawn following the arrest and criminal charge of former vice president of the European Parliament, Eva Kaili, for allegedly accepting bribes from Qatari officials, according to the office of Dan Nica, an MEP who redistributed the rest of Kaili’s files as she was suspended from her political group. European Commission to follow through with a legislative proposal.

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2022-12-23 04:14:02 Yuga Lab's NFT collection Meebits drops a collectible music album

Yuga Labs's NFT collection Meebits launched a music album that's also collectable as ERC-1155 NFTs. a subsidiary of the generative AI music platform Authentic Artists that announced a partnership with Yuga on Nov. 3. Users can listen to the album's 22 tracks, 13 of which have freshly dropped, on music streaming platforms such as Spotify, Apple Music and Amazon Music. Meebit holders can collect the NFTs for free, paying only a gas fee. Tracks include "Teenage Halloween," "The Magic Dragon Wagon" and "Clap for Chumps," and the electronic music varies from slow and sober vibes to more upbeat and fun tunes.

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2022-12-23 03:14:02 Kraken pushes 'Pro' product for advanced traders

Crypto exchange Kraken has publicly launched Kraken Pro, a suite of advanced trading tools and a new interface that unifies access to spot trading, margin trading, staking and portfolio management. Kraken Pro is geared toward advanced traders. The new UI aims to put particular focus on trade execution, advanced order management and analysis tools to make advanced trading and portfolio management more efficient. Its modular design also allows for personal customization.Kraken's new product offering comes weeks after the crypto exchange laid off 1,100 employees.

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2022-12-23 02:56:02 Tesla, $Tsla, Is Down 11% Today.

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2022-12-23 00:10:04 Amazon $AMZN Stock Falls 4.9% To New 52-Week Low, Reaches Lowest Since March 2020

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2022-12-22 23:41:01 TVM starts to develop LaLiga Metaverse Tokens La E On

According to La Liga (The LaLiga National Professional Football League) on the 20th of Dec. the metaverse company TVM, has announced that it has started to develop LaLiga Metaverse Tokens La E On. TVM is one of LaLiga's +10 global official partners and has the exclusive right to use the designation of "Official Metaverse of LaLiga". Among the world’s five major football leagues, LaLiga is the first that enters the metaverse, and for that end, selected a Korean company TVM as its metaverse partner to build its LaLiga Metaverse.

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