Day: November 12, 2022

FTX Hack Spooks Solana DeFi Community, Igniting Revolution at Alameda-Controlled Serum DEX

Lending protocol Solend, Jupiter, automated market maker Raydium, stablecoin swap shop Mercurial Finance and other Solana-based DeFi traders, as well as centralized entities including Phantom wallet, limited their exposure to Serum Saturday morning. They disconnected price data oracles, shut down token trading pools or ceased trading on its central limit order book. Original Source AlamedaControlledCommunityDeFiDEXFTXHackIgnitingRevolutionSerumSolanaSpooks CryptoX Portal

Raoul Pal – “It's OFFICIALLY Game OVER For Bitcoin…” | Bitcoin News | Crypto Currencies

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Raoul Pal – “It’s OFFICIALLY Game OVER For Bitcoin…” | Bitcoin News | Crypto Currencies ($) Raoul Pal, one of the greatest entrepreneurs of all time and supporter of Bitcoin and Ethereum, will explain this crypto update for 2022, and all the latest cryptocurrency news for investors in the current market. If you want to find out more about Bitcoin, Ethereum and all the latest crypto news and updates he will be going over in for 2022, then please watch the video…

Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’ – Featured Bitcoin News

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Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn.” Twitter Could Go Bankrupt, Says Elon Musk Elon Musk, the billionaire who bought Twitter for $44 billion about two weeks ago, sent his first email to all Twitter employees Wednesday informing them of the social media platform’s grim financial situation. “There is…

Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai

FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities.  The source familiar with the matter told Cointelegraph that the three former FTX executives, an Alameda Research CEO Caroline Ellison are looking for ways to flee to Dubai, which “doesn’t have any extradition treaties” — likely in reference to the United States.  “Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas. Which means it will…

FTX CEO Confirms Reports of ‘Unauthorized Access to Certain Assets,’ Team Is ‘Coordinating With Law Enforcement’ – Bitcoin News

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Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were “unauthorized transactions.” The news was shared by FTX US’s general counsel Ryne Miller and retweeted by FTX’s official Twitter account. Unauthorized Access to FTX Funds Confirmed On Saturday morning (ET) on Nov. 12, 2022, reports had shown that FTX wallets were being drained. The breach was confirmed after people started talking about…

Is Building This Bitcoin Mining Farm Still Even Worth It?…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I started mining in my house, and then expanded into my garage mining farm, and then I converted a shed into a mini mining farm and now I am building a big Bitcoin mining farm, that I want to power with solar but is it even still worth it to build a BTC mining farm?… Subscribe… Watch the full journey building out my mining farm here (playlist) – Building my solar-powered cryptocurrency mining farm has been anything but easy. I absolutely love…

Russia’s Digital Ruble Integrated Into Banking App – Finance Bitcoin News

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VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support Digital Ruble Transfers and Payments VTB Bank has led the way among financial institutions in Russia to develop a prototype feature allowing users of its banking app to open accounts and make transfers with the digital version of…

FTX goes up in flames and impacts the broader crypto industry, causing regulators to respond: Hodler’s Digest, Nov. 6-12

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week FTX and Binance’s ongoing saga: Everything that’s happened until now An earthquake rattled the crypto space this week, its impact felt in numerous related stories regarding FTX, Alameda Research and Binance. Although the bad news came rolling in this week, suspicions relating to FTX’s status…