Etherbridge Year End Review 2022
Ethereum and Gold Gain This Week
Etherbridge Year End Review 2022
Merry Christmas to those who celebrate it! For our Christmas mail, we have put together a collection of all our articles from 2022. While it was a tough year for crypto, it is something you can share with anyone who is interested in the space and may serve as some enjoyable holiday reading material.
Key Management, Wallets and Nodes
Smart Contract Platforms
Clever Ways to Manage Your Funds in One Place
Tools and Tips for Investing in Crypto Assets
Metaverse, NFT’s and Gaming
Notable Articles and News Stories This Week:
Bankman-Fried Set for US Extradition To Face Monster Indictment
Sam Bankman-Fried is preparing to leave The Bahamas 10 days after his arrest, with the alleged FTX fraudster reportedly agreeing to US extradition. The former CEO signed off on documentation for extradition and is expected to fly to the US on Wednesday, per NBC News, citing a Bahamas prison official.
Bankman-Fried was planning to consent to extradition and should first appear in federal court in the Southern District of New York, a source told Blockworks earlier this week. Doan Cleare, acting Bahamas commissioner of corrections, described the former crypto billionaire’s demeanor at the time of his consent, telling local outlet The Tribune he wasn’t uncomfortable and was “ready to go.”
Cleare added Bankman-Fried gave no explanation as to why he agreed to waive his right to contest the extradition, despite initially declining. But that the process can take years and he “probably was unwilling to be here for four, five years,” Cleare said.
Read more about the extradition here
Debit, Credit Cards, Bank Accounts Coming to Uniswap
Uniswap Labs is getting into the fiat game.
The developers behind decentralized cryptoasset exchange Uniswap have struck a deal with MoonPay to bridge DeFi and conventional currencies. The partnership allows Uniswap users to buy digital assets via a bank account or supported credit or debit card, the companies said Tuesday.
The arrangement is designed to resolve a longstanding issue for DEX users: Peer-to-peer blockchain protocols do not support fiat pairs. Centralized exchanges, such as Coinbase and Kraken, do.
MoonPay, a digital assets infrastructure and payments processor, is handling the back-end of the arrangement, which allows customers in more than 160 countries to purchase crypto via direct bank transfers, as well as credit and debit cards.
Read more about the move here
Not Just Democrats: FTX Exec Gave Tens of Millions to GOP Causes
It’s no secret Sam Bankman-Fried shelled out millions to Democratic causes. But it turns out a fellow top executive — Ryan Salame, the former co-head of FTX’s derivatives business and FTX whistleblower — was backing Republicans and conservative PACs in a big way. Meanwhile, some of the donations from SBF himself may not have been properly disclosed, according to Bankman-Fried’s own telling. There is no knowing how much he gave under the table.The now-disgraced FTX founder has admitted he kept significant sums to Republicans under wraps.
“I donated about the same amount to both parties,” Bankman-Fried told Tiffany Fong, a YouTube influencer, before his arrest in the Bahamas. “All my Republican donations were dark.”
His rationale, Bankman-Fried told Fong, had nothing to do with regulatory scrutiny. It was, instead, all about protecting his now-tarnished — but once pristine — public image.
“Reporters freak the f— out if you donate to Republicans,” he said during the interview. “They’re all super liberal, and I didn’t want to have that fight.”
Read more about the donations here
Whilst we all have the option to look, to seek to understand, it’s often easier not to. Bitcoin, Ethereum, and distributed ledger technology are complex systems that require significant due diligence. At Etherbridge, we aim to lower the barriers to understanding this fast-growing digital economy.
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This is not financial advice. All opinions expressed here are our own. We encourage investors to do their own research before making any investments.