While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t running Alameda.” SBF wasn’t the CEO of the trading firm Alameda Research as the job was handled by Caroline Ellison, a former Jane Street trader and Stanford graduate. Ellison has…
Bitcoin and altcoins are beginning to flash signals of a potential trend change, but a handful of downside risks remain. Source: https://cointelegraph.com/news/price-analysis-12-2-btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-uni
In brief Coinbase confirmed to Decrypt that production of its Bored Ape Yacht Club-themed “Degen Trilogy” short film series has been paused. The first entry received widely negative criticism upon release in July. The NFT market has declined significantly since the series was announced in April. At the peak of Bored Ape Yacht Club hype earlier this year, cryptocurrency exchange…
The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13. In Dec. 2 posts on Twitter, House Financial Services Committee chair Maxine Waters, a Democrat, and ranking member Patrick McHenry, a Republican, requested SBF speak at a hearing aimed at investigating…
The company stated it would be discontinuing aBNBc and aBNBb tokens ‘effective immediately,’ and that “new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users.” Breaking news Own this piece of crypto history Collect this article as NFT Following yesterday’s confirmed multi-million dollar exploit, BNB Chain based protocol Ankr took to its company blog on Dec.…
Relai, a Swiss company that provides a non-custodial bitcoin wallet app, has reported that November 2022 was its best month in terms of volume and revenue. According to a press release sent to Bitcoin Magazine, the app saw an increase of 60% compared to the previous month of October 2022. The company also reports that November 2022 was its best…
Liquidators for Three Arrows Capital (3AC) will have to present further documents to grant the permission to subpoena the now-bankrupt crypto hedge fund’s founders through Twitter, according to a decision from judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2. Lawyers representing the liquidators in the process claimed that Zhu…
MetaMask co-founder and ex-Apple employee Dan Finlay says he’s all in favor of the crypto industry ditching Apple’s App Store altogether, calling Apple’s 30% in-app purchase tax “an abuse of monopoly.” “I’ll absolutely stand in solidarity here,” Finlay wrote in response to the news that Coinbase’s iOS Wallet app had previously been blocked by Apple until it removed NFT transfer…
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below the 200 EH/s range six days ago. Bitcoin’s Hashrate Slips Lower The first week of November…
The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the exchange’s improper use of customer and investor funds. OnNov 30, Bankman-Fried made his first live public appearance since the collapse of FTX — answering a…
