Crypto News

Also today, Shark Tank star Kevin O'Leary has revealed he was paid $15 million to act as a spokesman for FTX — and he's lost it all after the exchange was tipped into bankruptcy.

However, the FTX founder warns "there is a limit to what I will be able to say."

Also today, MasterClass launches a new course about cryptocurrencies and blockchain — we'll take a sneak peek.

The Senate Banking Committee has asked for a response by 5pm on Thursday — but in a statement, U.S. politicians confirmed they hadn't heard from FTX's embattled founder.

"It's all at zero. I don't know because my account got scraped a couple of weeks ago — all the data, all the coins, everything."

There have been widespread concerns that the company could be affected by the bankruptcy of FTX — but Amber executives say daily operations are continuing as normal.

Ethereum developers have described the Shanghai upgrade as a top priority — and some of those who have locked up ETH have been unable to access it for two years.

"The events of the past few weeks have put some stablecoins to the test and we’ve seen a flight to safety," a new blog post warns.

On Twitter, it was suggested this action may have been taken by someone who wanted to stop ZachXBT from performing further investigations.

In order to strike a little bit of balance, a healthy dose of cynicism about digital assets is provided by Professor Paul Krugman — a long-time skeptic of what the crypto space has to offer.

Smart contracts have been upgraded in an attempt to prevent a similar incident happening in future, and Know Your Customer checks have been opened to verify those entitled to compensation.

Plus — Nigerians are being told they can only withdraw $45 a day from cash machines... and it's got something to do with its struggling central bank digital currency.

Meanwhile, FTX's embattled is reportedly facing a federal investigation into whether he played a role in the collapse of LUNA and UST.

The Justice Department is said to be looking into whether Alameda Research unleashed trades designed to drive down the price of LUNA, accidentally causing the market to collapse.

A federal judge ruled that plaintiffs suing celebrity promoters of EMAX, which had lost 99.8% of its value, had not proven they saw and were influenced by the promotions.

Unlike his House counterpart, Sen. Sherrod Brown, Chairman of the Senate Banking Committee had no compunctions about threatening the founder of FTX, and no interest in cajoling him.

Meanwhile, Sen. Cynthia Lummis says her crypto regulatory bill could have stopped FTX's bankruptcy.

More than a year after its launch, Africa's largest country hasn't managed to convince even 1% of its citizens to adopt its central bank digital currency, the eNaira.