A report by Forbes reveals that Sam Bankman-Fried knew about Alameda Research’s financial dealings. SBF previously denied being “deeply aware” of Alameda’s finances. The former FTX chief regularly shared documents related to Alameda with Forbes over the past 2 years. The report indicates that SBF was well aware of Alameda’s business activities. An exclusive report …
Monthly archives: December 2022
Binance Price Prediction for Today, 02 December: BNB Is Carrying Out Retracement
Binance coin is decreasing BNBUSD Price Analysis – 02 December When bulls break up the $300 resistance level, Binance may increase to the $330 and […] Go to Source
Coinbase Wallet Says Apple Blocked Their Latest App Update Over NFT Gas Fees’ Dispute
The self-custody wallet of crypto exchange Coinbase says that tech giant Apple has blocked its latest app release, effectively leaving iOS device users unable to send non-fungible tokens (NFTs). In a series of tweets, Coinbase Wallet says that Apple wants the updated app to disable the feature that allows users to send NFTs. “You might …
UnUniFi Protocol Raises $1.5 Million in Seed Round To Build the First Decentralized Cross-Chain NFTFi Platform With Auto DeFi Yield
December 1, 2022 – New York, New York UnUniFi is very proud to announce the completion of a $1,500,000 strategic fundraise led by Gumi Cryptos Capital, with participation from Coincheck, Hyperithm, MZ Web3fund, Arriba Studio and GC Incubation. Yu Kimura, founder of UnUniFi, said, “The true utility of UnUniFi is NFTFi functionality with a proprietary …
Crypto Community weighs in on SBF’s ‘apology tour’
The Former CEO of FTX, Sam Bankman-Fried, known also as SBF, has seemingly begun to embark on an apology tour to redeem his image a month after the sudden implosion of FTX, which revealed the exchange’s improper use of customer and investor funds. OnNov 30, Bankman-Fried made his first live public appearance since the collapse …
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Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing with its own liquidation, according to bankruptcy lawyers. In a Dec. 2 hearing in United States Bankruptcy Court in the Southern District …
Is Bitcoin the only crypto that will survive FTX? | Interview with Bitcoin maximalist
The downfall of FTX and a number of other centralized finance platforms in 2022 reinforces the narrative that most of the crypto ecosystem will eventually collapse due to its centralization, with the exception of Bitcoin (BTC) — at least according to Jeff Booth, a Bitcoin proponent and the author of The Price of Tomorrow. Booth believes centralized crypto …
Zecash Price Prediction Today, December 2, 2022: ZEC/USD Upwards Move Continues to Gain Strength
Zecash fell under the $47.60 price level around a mid-last month. Subsequently, market activity in the ZEC/USD market has been occurring below this level without […] Go to Source
GMX Price Prediction Today, December 2, 2022: GMX/USD Is Marching Towards the $56 Price Mark
The GMX/USD price action took a rebound off near $40 support. Subsequently, after that, price action has been moving upwards. And now it’s like price […] Go to Source
Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius
Summary: Galaxy Digital won a bid to buy one of Celsius’s assets as part of bankruptcy proceedings for the crypto lender. Mike Novogratz’s company will buy GK8, a custodial business that Celsius acquired over a year ago in November 2021. The custodian plans to launch crypto trading and lending for institutional investors. Galaxy Digital submitted …
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FTX Japan to Unfreeze Withdrawals of Client Funds
The new FTX trading management team has approved the plan to resume withdrawal services, the Japanese subsidiary announced on Thursday. 2 min read Updated: December 2, 2022 at 5:56 pm Cover art/illustration via CryptoSlate Japanese users of failed crypto exchange FTX might soon be able to withdraw their funds as the Japanese subsidiary said it is …
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Over 8% Bitcoin supply was bought between $15.5K and $17K
The Realized Price Distribution indicator is showing more Bitcoin supply was bought between $15.5K and $17K. 2 min read Updated: December 2, 2022 at 5:28 pm Cover art/illustration via CryptoSlate The UTXO Realized Price Distribution (URPD), a metric for indicating the percentage of BTC supply across a specified market price, indicated 8% of the Bitcoin …
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OpenSea’s Ethereum gas usage has declined to almost zero
OpenSea’s Ethereum NFTs trading volume has declined for five consecutive months, according to dune analytics data. Cover art/illustration via CryptoSlate CryptoSlate’s analysis of gas consumption on the Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero. The analysis included token contract standards (ERC721 …
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Galaxy Digital wins bid for GK8 in Celsius bankruptcy asset auction
Galaxy Digital announced it had successfully acquired self-custody platform GK8 for an undisclosed sum. The sale was in connection with Celsius’s Chapter 11 bankruptcy proceedings and has yet to be approved by the court. Galaxy Digital CEO Mike Novogratz said acquiring GK8 will help Galaxy offer its clients a whole stack of cryptocurrency services, particularly …
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Bitcoin drops 1.4% on better-than-expected US payroll data
The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 263,000 jobs were added in November. As an initial response, Bitcoin recorded a 1.4% swing to the downside, finding support at $16,780. Jobs growth puts more pressure on the Fed U.S. nonfarm payroll was forecast to rise by 200,000 for November. The prior …
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