These are the 5 most important news of the week

Another exciting week in the crypto space is coming to an end. The most important events around Bitcoin, Ethereum and Co. at a glance.

In a two-hour session, the Bundestag’s Digital Affairs Committee discussed the Metaverse, Web3 and the implementation of consumer protection in decentralized cryptosystems. However, many critical voices pointed out the risks that would emanate from blockchain technology and Web3.

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When asked if “we are still going to miss the next big thing in Germany”, Dr. Malte Engeler, judge of the administrative court of Schleswig-Holstein, says: “If we want to miss the technological implementation autocratic ideologies, so here I am. A black day for the web3.

You can find more information in this detailed article: Bundestag experts warn against Web3 and Metaverse

US users of the MetaMask crypto wallet can now purchase Ether within the app interface. For this purpose, the wallet cooperates with the payment service provider PayPal. Lorenzo Santos, Product Manager at MetaMask, explains, “The integration with Paypal not only allows our US users to purchase cryptocurrencies seamlessly, but also to easily explore the Web3 ecosystem.”

It remains to be seen when the service will also be available in Germany. Recently, MetaMask has attracted negative attention because the wallet collects a lot of user data.

You can read everything else here: MetaMask integrates PayPal payment function

Sam Bankman-Fried: 115 years in prison

Controversial FTX founder Sam Bankman-Fried has been arrested in the Bahamas. The indictment includes eight counts, most of which relate to fraud and money laundering. In addition, the SBF allegedly funded the Democrats’ election campaign with stolen funds.

“Sam Bankman-Fried faces a maximum sentence of 115 years in prison,” US tax attorney Phillip Behrendt told BTC-ECHO. In addition, there would be the possibility of confiscating all valuables acquired in illegal contexts.

You can read the Causa FTX timeline in the new ticker.

You can find out why interviews could harm Sam Bankman-Fried here: Here’s what the FTX founder does in court

Binance: Bitcoin exchange is under pressure

After Binance saw $6.6 billion in outflows on Dec. 13-14, CEO Changpeng Zhao (CZ) remained unfazed, even saying he welcomed the “stress test.”

However, following the collapse of FTX, this may have caused some uncertainty among some in the crypto community. In an interview with US broadcaster CNBC, CZ comments on the current situation.

You can read a detailed Interew ranking here: Binance – Is the Crash Scare Justified?

FED & ECB: Interest Rate Decision Weakens Crypto Market

The US Federal Reserve (FED) raised the US key rate by half a basis point, taking it from 4.25 to 4.75%. The European Central Bank (ECB) has also decided to raise the key interest rate across Europe from 2.00 to 2.5%. The crypto market corrected in the single-digit percentage range after the respective announcements.

“Now is the time to keep an eye on the NASDAQ technology index. Because if it weakens, it will also be much more difficult for Bitcoin to recover,” explains BTC-ECHO market expert Stefan Lübeck on the decision.

More can be found here: Bitcoin Corrects Slightly After US Federal Reserve Interest Rate Decision

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