Weekly Report (19 – 25 Dec. 22) | What Happened This Week In Crypto

This Report will provide you with some essential and quick news about cryptocurrencies that happened around the world.

1) Ethereum Is Destined To Outperform Bitcoin, According To Bloomberg’s Top Strategist

Despite Bitcoin and other risk assets deflating significantly over the previous year, McGlone highlighted in the most recent market outlook report that Ethereum displayed more durability, indicating that it “may be a leading contender to continue outperforming the pioneering cryptocurrency.”…[continue reading]

2) SBF Criminal Trial Judge Recused After Husband’s Law Company Advised FTX

On December 23, federal judge Ronnie Abrams recused herself from overseeing the high-profile criminal prosecution of former FTX CEO Sam Bankman-Fried (SBF). In a court order, the federal judge for the US District Court for the Southern District of New York cited the possibility of a conflict of interest as the basis for his resignation…[continue reading]

3) Paxos Discovers $20 Million Worth Of Stolen Gold Tokens From The FTX Breach

The failing exchange of Sam Bankman-Fried was abused to the tune of $400 million in the month after its Chapter 11 bankruptcy filing. Paxos Gold (PAXG) tokens backed by physical gold held by Paxos were among the stolen assets…[continue reading]

4) Uniswap (UNI) Offers Credit Card And Bank Transfer Payments

Support for the new payment methods is being rolled out by the major decentralised cryptocurrency exchange (DEX) in collaboration with MoonPay, a fintech startup that develops payment infrastructure for cryptocurrencies…[continue reading]

5) Brazil President Signs Bill Regulating Use Of Bitcoin As Payment

Thursday morning, Brazilian President Jair Bolsonaro signed into law a measure that sets a comprehensive legal framework for the trade and usage of bitcoin in the nation, according to the official journal of the federal government…[continue reading]