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Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars


Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford...

JPMorgan CEO Warns of ‘Most Dangerous Time the World Has Seen in Decades’


JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical...

Mastercard Demonstrates New Solution for CBDC Tokenization


Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with increased security and ease.” A Mastercard...

Ripple Executive and Community Slam Charles Hoskinson Over ETHgate Comments


David Schwartz, Ripple’s Chief Technology Officer has hit back at Charles Hoskinson over his defense of the Securities and Exchange Commission’s (SEC) comments on Ethereum (ETH) over other projects. Popularly called ETHgate in digital asset circles, the issue sparked off following the SEC’s case...

Former OpenSea Executive Entangled in AnubisDAO Rug Pull Allegations


Kevin Pawlak, the former head of ventures at NFT marketplace OpenSea, is facing accusations connected to the AnubisDAO rug pull incident that occurred in 2021. The allegations came to light in an October 6 X (formerly Twitter) thread posted by an anonymous account called NFT Ethics.  For its part...

Former Three Arrows Capital Executive Su Zhu Arrested in Singapore


Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...

Softbank Looking to Invest Billions in AI After Pausing Crypto Investments


Softbank, one of the largest investment management conglomerates in the world, is reportedly eyeing several investments in the artificial intelligence (AI) field after having paused its crypto investments. According to the Financial Times, Softbank founder and chief executive officer Masayoshi...

Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs


Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...

Binance Executive Rejects Comparisons With Collapsed FTX


Richard Teng, the head of regional markets at Binance has stressed that the world’s largest cryptocurrency exchange has no operational similarity with collapsed FTX. Speaking with Andrew Fenton, he addressed multiple issues facing the exchange ranging from regulatory issues, users, and...

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