Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token issued by FTX) and SRM (the token for the Serum protocol) as collateral for loans made to Alameda in the form of various cryptocurrencies including bitcoin, dogecoin, ether, USDC, litecoin and others. Source
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond. Source
VitaDAO was started in 2021 by Tyler Golato of decentralized biotech protocol Molecule to fund longevity research. According to the organization, it boasts a community of over 9,000 “enthusiasts, researchers and contributors,” and deployed over $3.5 million to projects researching diseases of aging, cellular biology and repairing age-related damage to the body in 2022. Source
Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park. Speaking via video call, Gouspillou said with a smile: “Bitcoin mining saved the park from bankruptcy.” Virunga is Africa’s oldest protected park and a symbol of the continent’s biodiversity. A report by journalist Adam Popescu,…
The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike. Original
Luzius Meisser, chairman of the Swiss crypto firm, weighs in on why the E.U. is likely to try to build a firewall around crypto rather than prohibit its use altogether. Original
Last week, Prime Trust said it would be suspending business operations in Texas by Jan. 31 after withdrawing its applications to receive a money transmitter license (MTL) in the state. The company declined to comment at the time on why the application was withdrawn, but public records show Prime Trust was fined nearly $30,000 by Texas regulators in 2022 for conducting money transmission activities in the state without a license. Source
To be sure, the number of whale, or large bitcoin holder, deposits to exchanges has declined in recent weeks, which in isolation is bullish. But the volume of deposits to exchanges exceeds the number of withdrawals on a relative basis, which is not. The withdrawal of assets from exchanges is generally a bullish signal. Original
Digital asset manager Osprey Funds filed suit against Grayscale Investments in Connecticut Superior Court on Jan. 30, alleging violation of the state’s Unfair Trade Practices Act. The suit concerns Grayscale advertising and promotion of the Bitcoin (BTC) exchange-traded fund (ETF) it is seeking to create. Osprey stated in the suit that it is the only competitor to Grayscale on the over-the-counter traded Bitcoin trust asset management market, and Grayscale maintained its leading position through deceit: “Only because of its false and misleading advertising and promotion has Grayscale been able to…
United States prosecutors in the criminal case against former FTX CEO Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray. In court documents released on Jan. 30, the Justice Department responded to a motion from Bankman-Fried’s legal team attempting to remove some of the proposed modifications for his bail conditions, which included barring contact with former and current FTX employees. According to prosecutors, SBF attempted to contact both current FTX CEO John Ray and FTX US general counsel Ryne Miller. In an email to…