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Sam Bankman-Fried Released on $250 Million Bail

Sam Bankman-Fried Released on $250 Million Bail

Sam Bankman-Fried was freed on a $250 million bond after making his initial appearance in a US court to face fraud charges related to the collapse of FTX. A $250 million personal recognisance bond backed by his parents’ California house is part of a bail package. In an indictment announced Dec. 13, Manhattan federal prosecutors accused Bankman-Fried, 30, of organising …

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Visa proposes Collaborating with Ethereum on Automated Payments

Visa proposes Collaboration with Ethereum on Automated Payments

Visa underlined its continuous interest in cryptocurrencies on Monday by issuing a paper outlining how it may one day engage with the Ethereum network on automated payments. The proposal explores the concept of ‘Account Abstraction,’ a developer proposal for Ethereum. The basic notion of this concept is to make Ethereum user accounts more like smart contracts by enabling users to …

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Binance.US to Acquire Assets of Voyager of Worth $1 Billion

Binance.US to Acquire Assets of Voyager of Worth $1 Billion

Today, bankrupt cryptocurrency lender Voyager Digital Ltd. said cryptocurrency exchange Binance.US, the American branch of cryptocurrency exchanges Binance Ltd has agreed to buy its assets. This will pave the way for the restoration of client funds. Based on the expected fair market value of Voyager’s cryptocurrency portfolio at a predetermined future date plus $20 million in added value, the purchase …

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