There would be a “chargeable fraud case” if spot assets weren’t backed 1:1 as promised, or were used as collateral for loans or other purposes, Renato Mariotti, a former federal prosecutor, told CNBC. Bankman-Fried has said previously that “dollars” on the exchange were “generally fungible” and now, too, did he admit client funds were too, at least in the final hours.
Hwang, who works on building the infrastructure for the initiative, including carbon credit measurements, which calculates the reduced amount of...
“CBDCs do not change the definition of money, but will likely change how and when value is transferred over the...
“Crypto custody is the foundational enabler for institutional adoption,” analysts Gautam Chhugani and Manas Agrawal wrote, adding that “unlike legacy...
Token burn refers to the process of permanent deletion of coins from their circulating supply. Over 100 million BNB, or...
The move comes after Sushi's chief technology officer, Matthew Lilley, said in a tweet thread on Jan. 3 that two...
