CryptoWatch's latest roundup of last week's top news centers on the significant controversy of FTX with the arrest of Sam Bankman-Fried by Bahamian authorities, PayPal's latest cryptocurrency transactions with MetaMask, and Donald Trump's NFT collection.
The cryptocurrency industry is still picking up from the events that rocked its core, with a massive focus on what to do next to stay on the market and get back on track in the future.
Sam Bankman-Fried Arrested in the Bahamas
Federal prosecutors from New York's Southern District charged Sam Bankman-Fried with his alleged crimes as FTX's head, centering on what led to the company's downfall and the transactions done from within.
This charge led to his arrest in cooperation with the Bahamian authorities, with the former CEO and co-founder found in his apartment complex in the Albany Bahamas resort complex in Nassau.
Bankman-Fried was allegedly responsible for the fall of FTX, with the charges holding him accountable for the multi-billion dollar implosion of the company that took place in the past months.
Nevertheless, the criminal charges are set to see a trial that will investigate and prove in a court of law the real events that transpired from within the company, and whether its former leader is responsible for it, or not.
PayPal Allows Crypto Transactions with MetaMask
PayPal users may now enjoy crypto transactions with the latest collaboration it has with MetaMask, a known cryptocurrency trading company.
This move allows the public to use their MetaMask wallets and connect them to their PayPal accounts in order to center on different transactions for their digital coins.
Users may now center on buying, selling, and holding cryptocurrency assets via the famous digital exchange platform, as well as trading it amongst peers or to the market.
It also includes the use of Consensys's Web3 services to complete the transaction, with the collaboration being a three-way partnership among these companies.
Donald Trump's Bizarre NFT Collection of Cards
In a surprising turn of events, Donald Trump announced via Trump Social that he is selling an introductory batch of his NFT collection cards, featuring himself as different characters or in various themes. This initial batch initially sold out in under 12 hours after its initial release, and it is a famous collection for himself and his fans globally.
According to BBC, Trump released 45,000 tokens in this collection, with a massive promotion for all when buying 45 cards from this collection. It entitles its buyers to join a Trump-hosted gala with a significant number of NFT cards being the ticket to this event.
These cards became the center of ridicule and applause from social media users, with some mocking the former President's actions, and some lauding his initiative.
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