Disgraced FTX founder SBF pleads not guilty

Reports today allege that Sam Bankman-Fried, the founder and ex-CEO of FTX, plead not guilty to a range of charges. The ex-CEO is facing criminal charges, which include money laundering and wire fraud.

Bankman-Fried pleads not guilty

Former Bithumb chair Lee Jung-Hoon found not guilty

Lee Jung-hoon, the former chairman of Bithumb, is now free of all charges in South Korea. He was alleged to have defrauded the business of $70 million during the acquisition of the crypto exchange.

2022 in Review: Top 15 Stories of the Year

As the year winds down and we anticipate 2023, Coinspeaker has put together a recap of some of the most newsworthy events of 2022. 

The year 2022 saw so many ups and downs, as well as breakthroughs and setbacks in the crypto, fintech, and technology space. Here are the top 15 stories that grabbed our attention throughout this year.

The Top 10 Biggest Crypto Fundraisers of 2022

Despite the bear market and declining venture capital investments, here are the top 10 biggest crypto fundraisers this year.

The crypto sector experienced significant challenges in the first half of 2022, with the prices of major assets like bitcoin (BTC) and ether (ETH) experiencing a 50%+ drop in value. The situation was further exacerbated by the collapse of the Terra ecosystem in the second quarter, which had a ripple effect on the industry. As a result, major industry players such as Three Arrows Capital, Celsius Network, and Voyager Digital filed for bankruptcy later in the year.

Bitcoin long-term holders do not lose their grip, on-chain data shows

Bitcoin (BTC) long-term holders are not afraid of the current volatility. Distrust towards centralized crypto service providers continues to drive bitcoin off exchanges.

Blockchain analytics service Glassnode reveals that the amount of bitcoin supply last active ten years ago or more reached a new all-time high of 2,594,574.300 BTC on Dec. 30. On the same day, the number of bitcoin addresses holding at least 100 BTC — worth 1.66 million as of press time — also reached a one-time high of 16,133. The data suggest that the accumulation is ongoing among big holders again.

Bitcoin long-term holders do not lose their grip, on-chain data shows - 1

BMW Revamps Operations With Blockchain Technology From Coinweb And BNB Chain

BMW is relying on blockchain technology to improve its business model. Now, the company is using technology from Coinweb and Binance.

Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in order to improve the efficiency of financial transactions.

Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW’s customers in Thailand. To achieve this, the two companies plan to implement two different roadmaps in 2023.

Fantom Foundation buys back tokens of six projects

The Fantom Foundation, a team that’s dedicated to the growth of Fantom, a Directed Acyclic Graph (DAG) smart contracting platform, will use some of its funds to repurchase tokens of six projects critical to the Fantom ecosystem.

Unconfirmed reports indicate that the foundation has already spent 870,000 FTM to acquire tokens of six Fantom-based projects: BOO, GEIST, BEETS, EQUAL.MMY, and BRUSH.