The liquidators become the liquidated. The restructuring team that is trying to locate and recover customer funds as part of the bankruptcy process for FTX and sister company Alameda Research is having a difficult time navigating the DeFi space. The team recently attempted to move funds into an Alameda Research-owned multi-sig wallet but in the process lost 4 Aave Wrapped…
While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX and Funding for Research to…
The crypto community has voiced their opinions on Sam Bankman-Fried’s latest “pre-mortem overview” of the collapse of FTX, published on Jan. 12 as a letter on substack. https://t.co/XVd0BPHxEU — SBF (@SBF_FTX) January 12, 2023 As previously reported by Cointelegraph, the former FTX CEO Sam Bankman-Fried denied allegations made against him in his lengthy letter, dubbed as a “pre-mortem overview”,. In the…
Alejandra Guajardo, El Salvador’s representative at Miss Universe 71, wore a Bitcoin-themed outfit during the pageant’s National Costume Show on Wednesday night. The currency ensemble was designed by plastic artist Francisco Guerrero but placed a special emphasis on the reigning king of digital assets. Guajardo wielded a staff with Bitcoin’s logo presented at the tip, and a colón—one of the…
Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world’s largest crypto markets. Speaking to Cointelegraph, the company said that seeks to attract early traders looking…
Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past 24 hours, the “Win Trump…
Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States…
Funds are flowing out of crypto lender Nexo following news that prosecutors in Bulgaria are investigating the company for fraud. Nexo is a British digital asset platform that loans out client funds and uses the proceeds to pay interest. (Disclosure: Nexo is one of Decrypt’s 22 investors.) Earlier today, the company said it was cooperating with the relevant authorities and…
The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry. A new survey from CasperLabs and Zogby Analytics revealed that the sentiment around blockchain adoption is especially positive among enterprises. The poll was conducted via 603 business enterprise “decision makers” in the United States, the United Kingdom…
Sales for Bored Ape Yacht Club NFTs and associated projects are surging this week as creator Yuga Labs revealed plans for Dookey Dash, a skill-based web game that requires an NFT to play and promises as-yet-unrevealed rewards for top scores. Dookey Dash is an “endless runner” style game that can be played within a web browser, challenging players to progress…
