Ex-FTX boss and co-founder Sam Bankman-Fried received $2.2 billion in payments and loans, mostly from Alameda Research, according to a Wednesday announcement from the failed exchange’s new management. That figure may appear even more striking when compared to the payouts received by other executives, including former Alameda CEO Caroline Ellison, who only received $6 million. In total, $3.2 billion was…
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following the ruleset change. Ethereum Validator…
A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. Initially estimated for late March, the Shanghai mainnet upgrade features five Ethereum Improvement Proposals (EIPs), including EIP-4985, which will enable staked Ether (ETH) withdrawals on…
A target date for the highly anticipated Shanghai hard fork has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. Initially estimated for late March, the Shanghai mainnet upgrade features five Ethereum Improvement Proposals (EIPs), including EIP-4985, which will enable staked Ether (ETH) withdrawals on…
There’s growing tension between the holders of prominent NFT project Doodles and the collection’s founders, as the project attempts to build out a brand in the increasingly competitive Web3 space. Now that tension is boiling over thanks to comments from a Doodles co-founder pushing back against critics—and it may not be landing well with collectors if the floor price of…
The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources familiar with the matter said the qualifications to purchase the banks are stringent, and reportedly, the purchasers cannot deal with crypto businesses anymore. Controversy…
A class-action suit led by Edwin Garrison has been filed against “FTX influencers,” mostly on YouTuber, seeking $1 billion because they “promoted FTX crypto fraud without disclosing compensation.” The suit was filed March 15 in the Southern District of Florida Miami Division. Kevin Paffrath, Graham Stephan, Andrei Jikh, Jaspreet Singh, Brian Jung, Jeremy Lefebvre, Tom Nash, Ben Armstrong, Erika Kullberg…
A series of events erupted in the official Shiba Inu (SHIB) Discord on Mar. 17, when a top-ranked community member, Steve, alleged identical chain IDs between that of the Shibarium layer-2 beta testnet ID and the Rinia testnet ID, an existing blockchain. “So why is it that it looks like shibarium test net has taken rinia testnet genesis file Changed…
The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of banks including Signature, Silicon Valley Bank, and Silvergate. In a March 16 notice, the Blockchain Association said it had submitted Freedom of Information Act requests to the Federal Deposit Insurance…
Bitcoin (BTC) accounts for more of the total value of cryptocurrency than at any time since June 2022. The latest data from TradingView shows that Bitcoin market cap dominance is nearing 46% — its highest in nine months. New dominance “spike” hints at trend change to come The latest knock-on effect from this week’s surge above $26,000, Bitcoin’s share of…
