Crypto weekly: Sam Bankman-Fried convicted of multi-billion dollar FTX fraud; Nike-RTFKT’s crypto universe nears $1.4 billion in NFT trading as sneakerheads swoon.

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

October 30, 2023

Taiwan to Make Crypto Legal Tender?
On October 27, Taiwan’s legislative body officially proposed a draft crypto act for discussion. If passed, the law can take effect as soon as next year. Read more

November 02, 2023 PayPal hit with SEC subpoena over its PYUSD stablecoin.
PayPal said it received a subpoena from the SEC Division of Enforcement relating to its PYUSD stablecoin on Nov. 1. Read more
November 03, 2023 Sam Bankman-Fried convicted of multi-billion dollar FTX fraud.
FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record. Read more
November 04, 2023 Nike-RTFKT’s crypto universe nears $1.4 billion in NFT trading as sneakerheads swoon.
Nike-RTFKT non-fungible token collections have generated nearly $1.4 billion in trading volume and $170 million in earnings. Read more
November 04, 2023 Bitfinex suffered ‘minor’ phishing attack, will notify affected users.
Bitfinex disclosed today that a ‘minor’ information security incident allowed a hacker to access some “partial, incomplete, and stale” data from its customer support system. Read more


What’s coming up for us this week:

November 08, 2023 U.S. Fed Chair Powell Speaks.
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on November 08, 2023, at 02:15 P.M. UTC. Read more
November 09, 2023 U.S. Fed Chair Powell Speaks.
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on November 09, 2023, at 07:00 P.M. UTC. Read more


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Best regards,
FYBIT team