Is Sam Bankman-Fried Losing His Mind?

Bankman-Fried’s “FTX Pre-Mortem Overview” repeats the same ham-fisted evasions and outright lies that marked his pre-arrest public apology tour. The repetition yet again of these claims and evasions, so manifestly divorced from clear public knowledge, is a strong enough sign of some manic decoupling. But the writing itself, with its wandering need and scattered malapropisms, also hints at something beneath the surface. Original Source BankmanFriedLosingMindSam CryptoX Portal

NFTs have a brighter future on Instagram than on Twitter

The nonfungible token (NFT) industry has experienced some market turbulence over the past few months, but this hasn’t stopped both Twitter and Instagram from making moves into an industry that some estimate could be worth $231 billion by 2030.  This comes off the back of Twitter having recently announced NFT Tweet Tiles and Instagram releasing an array of different NFT-related tools, and many NFT enthusiasts are naturally starting to deliberate which one will come out on top as the go-to social media platform for NFTs. Going by their unique value…

SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’ – Regulation Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of investors,” the SEC alleged. SEC Takes Action Against Gemini and Genesis The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has charged Genesis Global Capital LLC and Gemini Trust Company LLC “for the unregistered offer and sale of securities to retail investors through…

MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries

The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) and associated organizations marshaled a sizable team of researchers in four low- and middle-income countries — India, Indonesia, Nigeria and Mexico — to study inclusion issues related to retail central bank digital currency (CBDC) design. They released the results of their 15-month research project on Jan. 13. In spite of a growing body of work related to CBDCs, “few if any proponents have offered practical insight into how CBDC will promote greater access to financial services,” the DCI, along with…

What is regenerative finance (ReFi), and how does it impact NFTs and Web3?

In many countries, millions of people clack basic equitable access to the financial services that would allow them to meet their daily needs. On this week’s episode of NFT Steez, hosts Alyssa Expósito and Ray Salmond meet with Mashiat Mutmainnah to discuss how regenerative finance (ReFi) can provide more accessibility and inclusivity to blockchain technology.  Mutmainnah explained that as a “mission-driven movement,” ReFi enables users to redefine their relationship with the current financial system and their relationship with finance and wealth. What if there were newer models that could sustainably…

Peter L. Brandt Claims Bitcoin Is Putting In Its Cycle Low “Now”

Career commodities trader Peter L. Brandt is now claiming that Bitcoin is putting in a “low for this cycle now,” according to a new TradingView post. This call for a bear market bottom is already being met with skepticism, but given the chilling accuracy at which Brandt had made related to his cryptocurrency bets in the past, there could be more validity than investors are ready to accept. Peter L. Brandt TradingView Post Calls For Cycle Low In BTC In a new TradingView post currently trending on the charting platform’s…

Spot And Derivative Reserve Shoot Up

On-chain data shows the Bitcoin spot and derivative exchange reserves have both shot up recently, a sign that could be bearish for the price. Bitcoin Spot And Derivative Reserves Register Growth As pointed out by an analyst in a CryptoQuant post, the open interest and the funding rates are also heating up in the BTC market. The “exchange reserve” is an indicator that measures the total amount of Bitcoin that investors are depositing into wallets of centralized exchanges right now. This metric has two versions; one is for the spot…