Kraken founder accuses venture capital firms, including Sequoia, of enabling fraud at FTX, a bankrupt company. The founder claims that these “incompetent VCs” invested in FTX despite the obvious signs of fraud. This revelation raises questions about the due diligence conducted by these firms before investing. The accusations highlight the need for stricter scrutiny and […]
Chainlink (LINK) experienced a 12% drop in price in October, but despite this, whales continued to accumulate the cryptocurrency. Large LINK addresses increased in number since mid-September, with 27 additional addresses holding 100,000-1 million LINK and four wallets holding between 1-10 million LINK. While the overall crypto market downturn may have spooked retail investors, the […]
TangibleDAO, the creator of the real estate-backed USDR stablecoin, has announced that it will discontinue the project after it depegged on October 11. The decision was made due to the numerous attack vectors in the stablecoin’s design and the ease with which measures to protect users could be manipulated. The team plans to deprecate the […]
Caroline Ellison, the former CEO of Alameda Research, testified against her ex-boyfriend and former boss, Sam Bankman-Fried, in a high-profile trial. Ellison tearfully recounted the downfall of her hedge fund and the FTX exchange, expressing relief that the truth about their fraudulent activities had come to light. She described feeling immense guilt for the employees […]
Caroline Ellison, the former CEO of Alameda Research, has testified against her ex-boyfriend and former FTX CEO, Sam Bankman-Fried (SBF), revealing his attempts to unlock frozen funds. According to Ellison, SBF initially tried to use accounts belonging to Thai prostitutes to retrieve the funds, but when that failed, he resorted to bribing Chinese officials with […]
A group of major technology companies, including Adobe, Microsoft, and Intel, have joined forces to tackle the issue of deepfakes and AI-generated synthetic media. The Coalition for Content Provenance and Authenticity (C2PA) aims to establish an open standard that can verify the origins and authenticity of online content. By developing metadata tools, the coalition hopes […]
In a recent podcast interview, former Facebook executive David Marcus revealed that CEO Mark Zuckerberg is a fan of Bitcoin. Marcus stated that Zuckerberg appreciates Bitcoin and they had many conversations about the topic while working on the Libra project. However, Marcus quickly shifted the focus back to Libra and discussed the challenges they faced […]
A New York bankruptcy judge has approved a settlement between cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affiliated Alameda Research to receive $175 million from GGC. The settlement agreement was given the green light by the United States Bankruptcy Court for the Southern District of New York. As part of the agreement, Genesis […]
La Vitrine Contemporain de Monaco will host an art exhibition featuring physical representations of nine non-fungible tokens (NFTs) from The Rocky Horror Show. The exhibition, taking place in Monaco, will showcase unique artworks depicting iconic characters from the cult show. These artworks have been designed exclusively for the exhibition as part of the musical’s 50th […]
Caroline Ellison, the former head of Alameda Research, has admitted her guilt in relation to seven charges she faced. In court on Wednesday, Ellison took responsibility for her actions, although she did not clarify whether her previous failure to do so was due to her unwavering belief in Sam’s vision or other factors. Regardless, she […]
