Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has withdrawn its lawsuit against Grayscale Investments. The legal action, initially filed in a Delaware court in March last year, accused Grayscale of engaging in practices that enriched the company at the expense of shareholders. Alameda’s Withdraw Strengthens Grayscale’s Legal Position Alameda Research, an affiliate...Read More
The current trial isn’t looking favorable for Bankman, with his frequent fallback being, “I don’t recall/remember.” Today, when Judge Kaplan questioned him about the $8 billion discrepancy, SBF drew another blank. SBF Failed To Give Clear Answers Adam Yedidia said that he found a mistake in the accounts in summer 2022 and told the crypto...Read More
During the questioning by Sam Bankman-Fried’s defense team on Tuesday, Nishad Singh, once a part of Bankman-Fried’s empire, admitted to uncertainties in his recollection of past discussions with SBF and fellow FTX executives. However, he revealed active role in political contributions and his interactions with various individuals within Bankman-Fried’s professional and personal network. Nishad Faces...Read More
In the most salacious testimony on Wednesday, Ellison said she and a handful of FTX and Alameda executives “paid a large bribe to Chinese officials” to secure funds locked on Chinese exchanges. This is the most explosive testimony ever. She spilled more than the court could digest; however, the defense is yet to counter the...Read More
In a shocking revelation in today’s trial, Caroline Ellison, the ex-girlfriend of FTX founder Sam Bankman-Fried, has come forward with serious allegations against the billionaire entrepreneur. Ellison claims that Bankman-Fried directed her to engage in illicit activities and commit fraud against FTX customers. SBF Set Up The System, Ordered To Take Money: Ellison Ellison, who...Read More
In recent news, Amazon has expressed its interest in making a substantial investment of $4 billion in Anthropic, a notable player in the field and a direct competitor to OpenAI, the parent company behind ChatGPT. This unexpected development has garnered attention across the tech and cryptocurrency sectors, generating considerable excitement regarding the potential implications for...Read More
FTX, formerly a top-tier cryptocurrency exchange now facing bankruptcy, is seeking court approval for a colossal $3.4 billion crypto selloff scheduled for September 13. The mere announcement of this planned liquidation has already sent the market into a downturn, signaling potential bearish trends for Wednesday. Notably, FTX holds a substantial amount of Solana, among other...Read More
A court filing by FTX, a well-known cryptocurrency exchange, has revealed that Sam Bankman-Fried, the CEO of rival firm Alameda, allegedly used funds gained through insider trading to purchase a $2.5 million yacht. The filing also suggests that Alameda was aware of Bankman-Fried’s misconduct and turned a blind eye. Alameda went on to collapse in...Read More
Crypto exchange FTX has temporarily suspended the accounts of users impacted by the recent Kroll cybersecurity breach. The move was announced on X (formerly Twitter) as a proactive measure to prevent further incidents or harm. FTX has taken this step to secure its claims portal and prevent any unauthorized access. The exchange has assured its...Read More
In a recent court filing, FTX founder Sam Bankman-Fried has been accused of bribing $40 million to Chinese officials to unfreeze crypto accounts. As the cryptocurrency industry continues to grow and evolve, so too do the challenges and controversies that surround it. One such controversy involves Sam Bankman-Fried (SBF), the founder of FTX, a prominent...Read More
The collapse of FTX exchange had shaken the whole crypto space which bought the entire crypto market on a bearish ride. However, the investigation over the FTX and its founder Sam Bankman-Fried is still on and everyday there is something new to hear. The latest one happens to be the concern raised by the US...Read More
Crypto funding has been in the industry for two years and since then more and more firms are getting involved. The latest one happens to be the news that says FTX founder Sam Bankman-Fried lending money to the US Congress members. As per the reports, more than one in three of 535 the US Congress...Read More
Sam Bankman-Fried, the former CEO of FTX, was questioned by New York Times journalist Andrew Sorkin in his very first public appearance through a video call. Sorkin threw a barrage of questions towards the former CEO and also questioned him about the money that had vanished from the exchange immediately after it had filed for...Read More
Within the span of two weeks, three major crypto exchanges – Binance, FTX and Huobi – have signed separate MoUs with the Busan City Government to drive the development of South Korea’s blockchain infrastructure. With the country constantly at the forefront of the global crypto space, the announcements of the various partnerships mark a...Read More
Popular crypto-portfolio tracking company Blockfolio appears to have been hacked. According to reports, many Blockfolio users have received offensive push notifications from the platform, with several cryptocurrencies’ names and values being changed on the app as well. pic.twitter.com/dDn5MGoO5P — Alon Gal (Under the Breach) (@UnderTheBreach) February 9, 2021 According to some, the hackers managed to...Read More
Cryptocurrencies surged in the past year, as market participants recorded sizeable returns and mainstream adoption increased significantly. Crypto rewards platforms too benefited from these developments, noting record high-interest payments to clients on numerous cryptocurrencies deposited. Rewards platform, Celsius Network announced earlier today that it will be adding Cardano [ADA] to the list of supported cryptocurrencies...Read More
Crypto derivatives exchange, FTX has added nine more tokenized stocks, available for spot and futures trading to the exchange. The newly added tokenized stock listings on FTX are Square, PayPal, MicroStrategy, Moderna, Zoom, Nio, Twitter, Uber, and NVIDIA. Users will also be able to get the actual shares transferred to them when applied for, as confirmed...Read More
Sam Bankman-Fried, the CEO of the crypto derivatives platform FTX, has donated over $5 million to the 2020 presidential campaign of the former vice president Joe Biden. Data provided from opensecrets.org reads that FTX.US is listed among the top donors in the ongoing elections with $5,220,000. FTX CEO, Sam Bankman-Fried. Source: Bloomberg The Wall Street...Read More
Founder of crypto derivates exchange FTX, Sam Bankman-Fried, has made a contribution of $5.2 million to the campaign of U.S Democratic presidential candidate, Joe Biden. Data from OpenSecrets.org, noted this donation on their Top Contributers page, which lists the money that came from organization’s PACs, individual members, employees, and their immediate families. According to a...Read More
Crypto derivatives exchange FTX will give cryptocurrency traders the opportunity to trade tokenized shares of major companies like Apple Inc. and Amazon. The so-called fractional stocks will soon be available on the company’s platform. Tokenized Shares To Some Of The Biggest As per a recent report, FTX will be partnering with German financial firm CM Equity...Read More
While Bitcoin and Ethereum appeared to hold fort on the charts, other altcoins were undergoing a severe period of price drops yet again in the industry. Consistent bearish pressure became an unavoidable situation in September 2020, as Chainlink, Ontology, and FTX token experienced another period of depreciation over the past day. Chainlink [LINK] Source: LINK/USD...Read More
A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition. The Backstory: Transferring Control Over SushiSwap The drama started the past weekend when SushiSwap’s lead developer, going by the...Read More
Sushiswap is all the rage within the cryptocurrency community right now. The protocol that’s intended to be a fork of Uniswap had all eyes turned to it as the lead developer dumped all of his tokens on the market, essentially crashing the price of its native SUSHI token by more than 50%. However, since then,...Read More
BitMEX the old? Once the OG and pioneer, BitMEX seems to be getting old, or at least the contracts listed on the exchange are. There are contracts for 8 coins – BTC, ADA, BCH, EOS, ETH, LTC, TRX, and XRP. Most of these coins were popular in 2017 but few seem to have survived and...Read More
The cryptocurrency derivatives exchange FTX has purchased one of the most utilized cryptocurrency applications – Blockfolio for $150 million. As a result, Blockfolio will add a retail trading experience for its over 6 million users. FTX Buys Blockfolio After recently launching a DEX focused on DeFi trading called Serum, FTX continues expanding, acquiring the popular app...Read More
The cryptocurrency derivatives trading exchange FTX has launched a Uniswap futures index combining the top 100 pools on the Uniswap platform. At the same time, the company’s recently released DEX dubbed Serum focused on the growing DeFi trend, continues with new developments. FTX Lists a Uniswap Index FTX announced the launch of the Uniswap futures...Read More
Ampleforth (AMPL) was listed on the popular cryptocurrency derivatives and spot exchange FTX yesterday. While a spot listing is something that no one would question, FTX also listed AMPL for futures trading under their Perpetual contract. This raised more than a few eyebrows, mainly because of the cryptocurrency’s underlying mechanics and its impact on spot...Read More
Binance is already the biggest cryptocurrency exchange in the world. It appears that the company will keep improving its presence across different industries. By investing in a derivatives platform, an interesting decision has been made. FTX is a hot Commodity Very few details are known about the deal at this time. Binance has invested in...Read More
