Quote of the week: “Every day there is some accusation being hurled at The Bahamas, but it is clear the jurisdiction of the alleged fraud is not the reason the fraud happened… We in The Bahamas can ask the question: How did the mastermind of FTX get on the front page of Forbes magazine, a U.S. magazine? Which nation’s press called him the next Warren Buffett? Clearly, that was the United States.” – Fred Mitchel, Bahamas Foreign Minister
The FTX Saga Continues: Sam Bankman-Fried (“SBF”) left the Bahamas on Wednesday to go to the United States where he will face fraud charges. Federal prosecutors announced that Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX, pleaded guilty to defrauding investors. There is now heavy pressure on SBF to cooperate with the United States government after two of his closest former associates decided to cooperate. Source: www.FXEmpire.com
Amazon Releases NFT Series: Amazon released a new series called “NFTMe,” which is a series that explores NFT culture and disruption worldwide. The show features artists, collectors, and industry professionals globally, and the show shares its experiences with NFTs. Each episode in the series is 30 minutes. Source:
International Regulation Featuring Brazil: This week, the president of Brazil Jair Bolsonaro approved a cryptocurrency regulation bill that establishes a crime of fraud involving virtual assets; there will be a penalty of between four to six years in jail plus a fine. The law also requires digital asset companies, including exchanges and trading intermediaries, to obtain a “virtual service provider” license. Companies will have 180 days to adapt and comply with the new rule. Source: www.Coindesk.com
Binance.US to Acquire Voyager Digital’s Assets: According to a recently issued press release published on December 19, the cryptocurrency exchange Binance.US will acquire Voyager Digital’s assets for $1.022 billion. Source: www.CNBC.com
Argentina Football League Partners with Metaverse Platform: Argentina’s football association partnered with the metaverse platform Upland following the national team’s World Cup victory. The deal will power fan engagement between the football fans, teams, and players of Argentina, and it will gamify several opportunities; the gamified opportunities are said to include many Argentine football collectibles and exclusive offers. Source: www.Cointelegraph.com