Genesis liquidation could force DCG bankruptcy – The Chopping Block reports

Haseeb Qureshi, the Managing Partner at Dragonfly Capital, discussed the potential consequences of Genesis going into liquidation on a recent episode of Unchained’s “The Chopping Block.” 1/ On a recent episode of Unchained’s The Chopping Block, @hosseeb makes a surprising comment about the $1.1 billion DCG-Genesis promissory note. He says the 10 year note may …

Asian VC fund Sora Ventures relocates to ‘crypto friendly’ Taiwan

The $70M fund is moving to Taipei as it considers the launch of a Fund 2 along with new staff hires 2 min read Updated: December 11, 2022 at 6:18 pm Cover art/illustration via CryptoSlate Asian VC firm Sora Ventures has announced it is moving its business to Taipei in Taiwan in favor of “a …

SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’

Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse. SBF wants to start a new biz? To the @BBC: “I’m going to be thinking about how we can help the world, …

Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse

Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,” the rock legend affirmed. Noting that he has several cryptocurrencies, including bitcoin and ethereum, Simmons stressed: “Personally, I’m holding, but everybody …

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability. Lodestar Finance Loses $6.9 Million in an Exploit, TVL Drained, LODE Drops by 53% Another decentralized finance (defi) platform, Lodestar Finance …

Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’

According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up executives from crypto exchanges are members of a Signal chat group called “Exchange coordination,” and Binance CEO Changpeng Zhao (CZ) ostensibly told SBF to …

Two Upcoming Macro Events Could Crush Bitcoin (BTC), Says Analyst Nicholas Merten

Popular crypto analyst Nicholas Merten says the near-term fate of Bitcoin (BTC) over the coming weeks will depend on two key macroeconomic events. In a new video update, the host of DataDash tells his 511,000 YouTube subscribers that the market is waiting for the Consumer Price Index (CPI) report and the last Federal Reserve meeting …

Pro Crypto Member of European Parliament Arrested in Belgium on Corruption Allegations: Report

A pro crypto member of the European Parliament has reportedly been arrested in Belgium after being accused of corruption. According to a new report by local Belgian publication Le Soir, Greek Social Democrat and European Union (EU) Vice President Eva Kaili, known for being in favor of digital assets, was arrested alongside three other officials …

Binance’s proof-of-reserves raises red flags: Report

Binance’s efforts to improve transparency of its reserves also exposed red flags in the crypto exchange’s finances, according to accounting and financial specialists consulted by The Wall Street Journal.  As noted by a former Financial Accounting Standards Board (FASB) member and investment manager, the report released by the audit firm Mazars does not bring investors …

Sam Bankman-Fried Officially Added As Witness for This Week’s Congressional Hearing on FTX Implosion

Disgraced FTX founder Sam Bankman-Fried has officially been added as a witness for this week’s Congressional hearing on the crypto exchange’s disintegration. According to a new government memo, the former chief executive of the bankrupt crypto firm is being called forth to testify as a witness in front of the House of Representatives Committee of …

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