Day: August 16, 2023

Caroline Ellison’s list of ‘Things Sam Is Freaking Out About’ could be used in trial

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Prosecutors intend to use personal notes and diary entries from former Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial. In an Aug. 14 filing, prosecutors said they would bring forward a collection of Ellison’s personal to-do lists and notes including one titled “Things Sam is Freaking Out About.” The note summarizes conversations between Bankman-Fried and Ellison over his business concerns, fundraising, Alameda’s trading hedges and bad press about the hedge fund and FTX’s ties. Other entries provide key insights into the day-to-day…

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions

Gitcoin, a platform that empowers communities to fund and build open-source projects, has announced a collaboration with Shell, a global energy company. The partnership aims to explore innovative ways to incentivize the adoption of renewable energy sources and provide transparency and verifiability for carbon markets. Collaboration Details The collaboration will encompass a donation to the Gitcoin matching fund for the next four Climate Solutions rounds in the Gitcoin Grants Program and a hackathon in Q4 of this year, focusing on blockchain-related energy use cases. The Gitcoin Grants Program is a…

Silvergate CEO to depart amid ongoing liquidation and investor suits

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Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank. Lane and the firm’s chief legal officer John Bonino will depart on Aug. 15, while Antonio Martino, chief financial officer of the company, will depart on Sept. 30. In an Aug. 15 filing to the Securities and Exchange Commission, the bank’s parent company Silvergate Capital said the departures are part of its previously disclosed plan to wind down operations and voluntarily liquidate Silvergate Bank. A story…

Donald Trump’s Ethereum wallet holds $2.8M, new statement shows

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A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image — with Trump netting around $7.6 million from his crypto-related ventures. The $2.8 million in Trump’s Ethereum wallet is considerably larger than the $250,000 to $500,000 figure disclosed in Trump’s April 14 filing. You might’ve missed…

SBF might suffer from depression and ADHD, needs meds in jail

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lawyers claim that Sam Bankman-Fried (SBF) needs his medications for depression and ADHD at Brooklyn’s detention center.  Reuters reported that SBF’s lawyers requested Emsam skin patches for depression and a few doses of Adderall for attention deficit hyperactive disorder (ADHD) in the detention center. The attorneys stated in a letter to U.S. District Judge Lewis Kaplan that the former FTX CEO has been prescribed the meds for five and three years. “Without these medications, mr. Bankman-Fried…

This Dreaded Candlestick Formation Just Printed: Bitcoin To $18k?

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Bitcoin, the most valuable crypto asset, is at a critical juncture at spot rates if candlestick formation in the weekly chart is anything to go by. One analyst on X, formerly Twitter and NewsBTC Editorial Director Tony Spilotro, is sounding the alarm after picking out the bearish head-and-shoulder pattern in the weekly chart.  Will Bitcoin Crack? Although the pattern is technically in the last phase of formation, if realized, it could have dire implications for Bitcoin bulls as it may push prices below a multi-month critical support line toward $18,000 or…

Binance files order against SEC’s ‘fishing expedition’

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance lodges a petition against the SEC, arguing that the regulator’s wide-reaching demands are undue and exceed the scope of their case.  On August 14, Binance filed a petition for a protective court order with the United States Securities and Exchange Commission (SEC). It argued the regulator’s demands for exchange communications impose an undue burden. Binance emphasized in the filing that the SEC’s discovery efforts resemble a “fishing expedition,” exceeding the case’s scope. They maintain that…

Sui, Stacks, and Pomerdoge are pushing boundaries in crypto

Sui (SUI), Stacks (STX), and Pomerdoge (POMD) have gained recognition for their contributions to crypto. Consequently, most analysts hold an optimistic outlook on their potential for growth. This article takes a comprehensive look into the performance of each project and the opportunities they present. Sui explores new avenues Sui uses a delegated proof-of-stake (DPoS) consensus algorithm and is written using the Move programming language.  On Aug. 11, 2023, SUI was changing hands at $0.605494 and trending inside the $0.565512 and $0.616479 range in the past trading week.  At this level,…

Will Bitcoin Price Crash Similarly To 2019 And 2020?

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Bitcoin price has mostly maintained the $29,000 level for the better part of the week. This points to low activity and momentum in the market, as well as a reluctance to engage in the digital asset at this point. One reason for this reluctance is the expectation that the Bitcoin price will see another crash before the bull market resumes. However, this crypto analyst explains why expectations may be dashed this time around. Bitcoin Price May Not See A Repeat Of 2019-2020 Before the 2020-2021 bull market kicked in, the…