Maxine Waters, chair of the United States House Financial Services Committee, has called out former FTX CEO Sam Bankman-Fried for announcing on social media he intended to testify after “learning and reviewing what happened” at the exchange. In a Dec. 5 Twitter thread, Waters cited Bankman-Fried’s numerous media interviews in the wake of FTX’s bankruptcy …
Yearly archives: 2022
CryptoSlate Wrapped Daily: Infura hits back, Nexo leaves US, SBF tries to avoid Congress
Infura co-founder: MetaMask IP collection backlash is blown out of proportion ConsenSys’ MetaMask has been criticized for changing its privacy policy to notify users that it will track IP addresses upon sending transactions. The move is seen as a threat to personal privacy, with concerns that MetaMask’s parent company ConsenSys could use the IPs to …
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Orthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple’s M11 lending Pool. 1 min read Updated: December 5, 2022 at 10:25 pm Cover art/illustration via CryptoSlate Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over …
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U.S. House Committee says SBF has sufficient knowledge to testify
Chairwoman of the US House Financial Services Committee Maxine Waters tweeted on Dec. 5 that FTX founder Sam Bankman-Fried has sufficient knowledge to testify before Congress on Dec. 13. .@SBF_FTX, Based on your role as CEO and your media interviews over the past few weeks, it’s clear to us that the information you have thus …
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Vitalik Buterin reveals exciting use cases for Ethereum ecosystem
Ethereum co-founder Vitalik Buterin published a blog post to illustrate use cases that excite him about the Ethereum ecosystem. The post looked at money, DeFi, digital identity, DAOs, and hybrid apps showcasing the breadth of utility within the Turing complete blockchain network. What in the Ethereum application ecosystem excites mehttps://t.co/QxCa6EoWDl — vitalik.eth (@VitalikButerin) December 5, …
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Stablecoin usage remain high despite crypto winter
Clemente said stablecoins use cases offer capital efficiency in crypto and givies access to USD to those without banking. 2 min read Updated: December 5, 2022 at 3:46 pm Cover art/illustration via CryptoSlate Reflexity Research cofounder Will Clemente tweeted on Dec. 5 that stablecoins were one of the few crypto use cases that have found …
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Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals
In order to resolve the ongoing issues and redeem funds for its earn users, Gemini has formed an ad hoc committee with other creditors. Earn Update: On Saturday (December 3, 2022), Gemini formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together for a resolution. — Cameron Winklevoss (@cameron) …
Stablecoin provider Circle terminates plans to go public
Circle canceled its plans to go public following the termination of the company’s SPAC merger with Concord Acquisition Corp. Both companies did not provide any reason for terminating the partnership. 2 min read Updated: December 5, 2022 at 6:11 pm Cover art/illustration via CryptoSlate Circle, the cryptocurrency firm behind the stablecoin USDC, has reportedly terminated …
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This Week’s NFT Sales Slid 5% Lower Than Last Week, Ethereum NFT Sales Accounted for 76.8% of the Volume
On Monday, Dec. 5, 2022, market data shows that non-fungible token (NFT) sales dropped 5.23% lower than last week’s sales despite a 15.16% increase in NFT buyers. Out of the $112.70 million in NFT sales volume over the last week, Ethereum-based NFTs accounted for $86.59 million or 76.8% of the $112 million in sales volume. …
Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking …
RBB LAB Uses NFT to Serve Alberto De Luigi and Andreas Kohl Summons
press release PRESS RELEASE. San Marino, Dec 5, 2022 — RBB Lab, a technology development firm based in the Republic of San Marino, has used NFT (Non-Fungible Token) technology to issue court summonses for the case against Alberto De Luigi, Andreas Kohl, both former collaborators of the firm, and their company Sequentia AG incorporated in …
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IMPT Presale Raises $14 Million- Last Chance To Buy
The IMPT.io project has had remarkable success so far, raising over $14 million in just two months of the presale. It just took 20 days […] Go to Source
Biggest Crypto Gainers Today – December 6
The cryptocurrency market recently suffered losses of several billion US dollars as a result of recent disputes between FTX and Binance. However, as the year […] Go to Source
Here’s Why GMX Price Has Pumped 30% in a Week
On December 1, when traders evaluated the decentralized exchange’s potential to develop as a significant threat to its main rival Uniswap, the price of GMX […] Go to Source
Bitcoin price recovery possible after record realized losses and leverage flush out create a healthier market
Bitcoin (BTC) price is showing notable resilience at the $17,000 level, and according to data from Glassnode, a number of metrics that track the pace of selling and the on-chain behavior of investors are beginning to show a reduction in the factors that trigger sharp sell-offs. The FTX bankruptcy fueled a historic sell-off resulting in …