Woes for users of the Sam Bankman-Fried-owned company show no signs of stopping. Source
FTX Customers Hit By ‘Withdrawal' Phishing Mails After SIM Swap Attack
Day: August 29, 2023
DCG, Genesis Reaches Critical In-Principle Deal With Creditors
To satisfy DCG’s existing liabilities of approximately $630 million in unsecured loans due in May 2023 and $1.1 billion under an unsecured promissory note due in 2032, a new partial repayment agreement was agreed upon. The repayment would be done in two tranches – approximately $328.8 million with a two-year maturity and $830 million with a 7-year maturity. Source
DCG Reaches in Principle Deal With Genesis Creditors
To satisfy DCG’s existing liabilities of approximately $630 million in unsecured loans due in May 2023 and $1.1 billion under an unsecured promissory note due in 2032, a new partial repayment agreement was agreed upon with two tranches – approximately $328.8 million with a two-year maturity and $830 million with a 7-year maturity. Original Source CreditorsDCGDealGenesisprinciplereaches CryptoX Portal
DOJ Wants to Dismiss FTX Founder’s Expert Witnesses From Testifying
The witnesses are Lawrence Akka, a British barrister, Thomas Bishop and Joseph Pimbley, who are with different consulting firms, Brian Kim, a data analytics and forensics expert, Bradley Smith, a law professor at Capital University Law School and Andrew Di Wu, an assistant professor at the University of Michigan. Source
Consumer surveys show a growing distrust of AI and firms that use it
Consumers are developing a widening “trust gap” with companies using artificial intelligence, with many airing concerns about the potential unethical use of the technology, according to a new Salesforce survey. On Aug. 28 the customer relationship software firm released survey results from over 14,000 consumers and firms in 25 countries that suggested nearly three-quarters of customers are concerned about the unethical use of AI. Over 40% of surveyed customers do not trust companies to use AI ethically and nearly 70% said it’s more important for companies to be trustworthy as…
DoorDash launches AI bot to take customers’ takeout orders
Food delivery service platform DoorDash is integrating AI technology for their restaurant clients, which will see customers communicating their food orders to AI-powered bots instead of busy in-house staff. According to an Aug. 28 announcement from DoorDash, the new AI-powered voice ordering system will answer customer phone calls, which will be available to “select operators.” The company’s 2023 Restaurant Online Ordering Trends report revealed that while 20% of customers prefer to order their food via phone, up to 50% of customer calls are left unanswered — leading to significant unrealized…
Binance Will Offer ‘T+3’ Daily Options for BNB/USDT
T+3 refers to the obligation to settle securities trades by the third day following the trade date. In other words, users can trade the T+3 daily options two days before the expiry day. The options, therefore, will have an initial lifetime of three trading days at the time of introduction. Source
Recovery To $235 On The Horizon As Bulls Step-in
BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $225 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum above $224 and $225. Binance…
Ethereum Bulls Put Up Fight But Can They Clear This Major Hurdle?
Ethereum price is attempting a recovery wave above $1,650 against the US Dollar. ETH must clear $1,660 and $1,700 to start a steady increase. Ethereum is struggling to rise above the $1,660 and $1,670 levels. The price is trading near $1,650 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $1,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears $1,660 and then $1,700. Ethereum Price Lacks Momentum Ethereum’s…
NFT market witnesses lowest transaction volume in two years
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The NFT market has experienced a significant downturn in the last seven days, with trading volume of just $8.9 million — the lowest figure observed in the past two years. Adding to the concerns, the number of users engaged in NFT trading across the entire network has also hit a two-year low. Domination by Blur Back in April 2022, the NFT market volume reached $480,738,395. Comparatively, at the end of August this year, the weekly volume…