FTX : Harrison said Bankman-Fried threatened to fire him on the spot and would destroy his professional reputation if he continued to confront the former FTX CEO. Former FTX US President Brett Harrison has lashed out at Sam Bankman-Fried for manipulating and threatening colleagues who proposed solutions to reorganize FTX US’ management structure. Harrison shared his experiences with Bankman-Fried and FTX US…
The FTX assets that will be sold include the derivatives platform LedgerX, the stock-clearing platform Embed, and its regional arms FTX Japan and FTX Europe. The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors. According to a…
Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting. Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve…
Bitcoin price is up today after the stock market’s start-of-year rally continued and as investors hope this week’s CPI report will show a reduction in inflation. Bitcoin price is up on Jan. 9, and a market-wide rally in crypto prices has some investors hopeful that the year-to-date high at $17,348 is a sign that BTC $18,103 has bottomed. After th continuation…
Companies are taking new approaches to building trust within Web3 and crypto products. The cryptocurrency ecosystem underwent a turbulent year in 2022. Criticism inside and outside of the crypto industry was fueled following the collapse of FTX, Celsius, Three Arrows Capital and the Terra ecosystem. A number of losses have been recorded from these events. Blockchain analytics firm Chainalysis released…
Decentraland : Counting users in the metaverse is tough. CoinDesk scoured and analyzed multiple data sources to distill an answer. Key takeaways: Is it 38? 650? 7,000? It’s tough doing a census of the metaverse. Try as we might, CoinDesk, in the eyes of Decentraland’s fans, just couldn’t get the numbers right. Metaverse platforms such as The Sandbox and Decentraland present a challenge of sorting bots…
Bankman : In his first court appearance since being extradited from the Bahamas, the former CEO was told he can live with his parents on $250 million bail secured by their Palo Alto house. A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court in New York on Thursday on charges that…
Wells Fargo has agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) to resolve accusations of consumer abuses. KEY TAKEAWAYS Wells Fargo Fee Shatters Previous CFPB Record On Nov. 4, 2022, a Bloomberg report was published signaling that the CFPB would order Wells Fargo to pay over $1 billion in fines for alleged mistreatment of its customers, though the settlement…
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Former U.S. President Donald Trump announced the release of limited edition NFT trading cards featuring himself depicted as a superhero, a cowboy, an astronaut, and more. Many of the cards will be one-of-a-kind, while others will be limited to 20 or fewer, according to the website.12 KEY TAKEAWAYS Gala Dinner With Trump Purchasers will receive perks based on the number of cards…