Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth. According to a Jan. 26 report from Bloomberg, FTX’s lawyers requested Judge John Dorsey in the District of Delaware allow them to question Joseph Bankman, Barbara Fried, and Gabriel Bankman-Fried — the father, mother, and brother of…
Before you dive in, check out the first post in our Kraken NFT Behind the Build Series, The NFT Frontier and our second post, Kraken NFT’s Behind the Build: Global Ingenuity. NFTs go far beyond mere JPEGs. Kraken NFT is helping to establish the foundations of what’s to come for DeFi and the crypto space. This vision for the future means that eventually…
The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street Journal (WSJ), and more. U.S. government entities, such as the Internal Revenue Service (IRS) and…
According to a new post on Jan. 26, Marc Zeller integrations lead at decentralized finance (DeFi) lending protocol Aave stated that the firm purchased 2.7 million Curve (CRV) tokens which would clear “excessive remaining bad debt” within the next 15 hours over a dozen transactions. The move follows the community approval of Aave Improvement Protocol (AIP) 144, which deployed a…
Cardano raced to an 11-week high on Thursday, as markets reacted to data showing that gross domestic product in the U.S. rose by 2.9%. The token rose by as much as 5% earlier in the day, climbing to its strongest point since November. Monero was also in the green, nearing a key resistance level in the process. Cardano (ADA) Cardano…
According to sources from the U.S. Department of Justice on Jan. 26, international law enforcement groups have dismantled the infamous Hive cryptocurrency ransomware gang and recovered over 300+ decryption keys to victims since July 2022. Officials raise the example of one incident where a Hive ransomware attack on a Louisiana hospital was thwarted by law enforcement, saving the victim from…
Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts. In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD. Gold, Bitcoin inverse dollar correlation “without question” As the debate over how much Bitcoin will compete with gold…
Farokh Sarmad thinks a lot about history and his place in it. “I feel like I’m living in a history book,” the 28 year-old said recently, eyes wide, hair flowing to his shoulders like Jesus. “I know that one day they’re going to write about us and what we did.” The “us” is Rug Radio, a decentralized content platform that…
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $184 Million Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet shows…
Buying DAO tokens? That’s no longer risk-free: Courts might consider you a partner in the business and judge you liable for millions in hacked funds. Another legal trap may be found simply working for a DAO — and implementing community decisions that turn out to be illegal in some far-flung jurisdiction. With many DAO communities waking up to the reality…
