Crypto News  in  Short

By Newsdesk7

FTX’s Upcoming Documentary to Highlight Connection between SBF and CZ!

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A forthcoming documentary from FTX will delve into the tumultuous relationship between Sam Bankman-Fried and Binance founder Changpeng Zhao, as it examines the events that culminated in the crypto exchange’s downfall. The partnership behind the production of the documentary has been reported by The Hollywood Reporter as a collaboration between media outlet Fortune and Unrealistic Ideas, a non-scripted production firm co-founded by American actor Mark Wahlberg, Stephen Levinson, and Archie Gips.

Metaverse Division of Facebook's Parent Company Meta Suffers from a loss of $13.7 Billion in 2022!

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According to its earnings report on Wednesday, Meta Platforms (FB) sustained significant financial losses in its Facebook Reality Labs (FRL) division, encompassing its augmented and virtual reality businesses. The Facebook Reality Labs (FRL) division incurred a loss of $4.3 billion in the quarter, exceeding analyst predictions of a $4.4 billion loss and an improvement from the previous quarter’s loss of $3.7 billion.

Russian Sanctions Evasion Group’s BTC and ETH Addresses Listed by US Treasury!

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The US Treasury’s Office of Foreign Assets Control has included two cryptocurrency wallets, believed to be associated with a Russian sanctions evasion network, on its list of Specially Designated Nationals. On February 1st, OFAC announced the addition of a Bitcoin and an Ether address to its list of sanctioned entities as part of its ongoing effort to combat sanctions evasion worldwide. The Treasury declared full blocking sanctions against 22 individuals, including Jonatan Zimenkov, a Russian national linked to at least one Bitcoin and one Ether wallet.

Retail behemoth Pick n Pay to accept Bitcoin in all 1,628 South African stores!

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Following a successful three-month pilot in 39 locations, South African grocery retailer Pick n Pay will now accept Bitcoin in all 1,628 stores nationwide. During its nationwide implementation, customers in Pick n Pay stores can pay for their purchases with cryptocurrency through smartphone apps or by scanning a QR code. The conversion rate to South African rand will be determined at the time of the payment.