Weekly Report (26 – 31 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) Listing Of Pi Network (PI) Sparks Controversy As Price Soars

The Pi Network (PI) travelled a path filled with controversy. Two exchanges featured the PI coin, which caused its value to surge. Reports of Huobi and XT.com offering PI caused the price of the token to surge. However, ultimately the community began to distrust the listing…[continue reading]

2) $1 Billion Disappears From Solana’s Market Value In A Week

The price of the decentralized finance (DeFi) token Solana (SOL) continues to decline due to concerns over the network’s strong association with the defunct FTX cryptocurrency exchange. Solana is now trading at $9.17, down 3.2% on the day and an additional 22.93% over the previous week, with the SOL price falling as low as $8.14, its lowest level since February 19, 2021…[continue reading]

3) Two Months Before FTX Went Down, SBF Met With Biden’s Top Advisors

In 2022, the creator of FTX met with top White House officials at least four times. At least four times in 2022, former FTX CEO Sam Bankman-Fried visited with government officials at the White House, one of which apparently happened only two months before the collapse of his crypto empire…[continue reading]

4) Kraken Leaves Japan A Second Time, Citing A “Poor Crypto Market”

The cryptocurrency exchange said on January 31 that it would deregister as a crypto asset exchange operator with Japan’s Financial Services Agency. Kraken, a global cryptocurrency exchange, has opted to suspend its operations in Japan for a second time, claiming a strain on its resources resulting from the “poor crypto market.”…[continue reading]

5) Hoskinson Claims The ADA Not Being Listed On Gemini Is Positive

Charles Hoskinson, the creator of Cardano, has commented on ADA’s absence from the Gemini cryptocurrency market. Whereas such an exchange not listing a high-ranking digital asset such as ADA would ordinarily elicit criticism, Hoskinson seems unconcerned and embraces the development…[continue reading]