Tag: News

Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’ – Featured Bitcoin News

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The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of crypto exchange Binance, Changpeng Zhao (CZ), took to Twitter Tuesday to address what he called “wrong narratives” that he has seen recently about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The…

FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell – Bitcoin News

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On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. Sam Bankman-Fried Hires Attorney Who Represented Ghislaine Maxwell The disgraced former CEO of FTX, Sam Bankman-Fried (SBF) is reportedly being represented by Mark Cohen from the litigation firm Cohen & Gresser. Cohen is the well-known attorney that represented Ghislaine Maxwell during…

Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready – Regulation Bitcoin News

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Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning and reviewing what happened.” Bankman-Fried Responds to Rep. Waters’ Invitation The U.S. House Committee on Financial Services will hold a congressional hearing on the collapse of crypto exchange FTX on Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been trying to get former FTX CEO Sam…

Coinbase CEO Slams Sam Bankman-Fried for Blaming FTX’s $8 Billion Hole on ‘Accounting Error’ – Featured Bitcoin News

The chief executive of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, has slammed former FTX CEO Sam Bankman-Fried (SBF) for claiming that FTX is missing $8 billion due to an “accounting error.” He stressed: “It’s stolen customer money used in his hedge fund, plain and simple.” Brian Armstrong on SBF’s ‘Accounting Error’ Claim The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN), Brian Armstrong, has slammed FTX co-founder Sam Bankman-Fried (SBF) for blaming his collapsed exchange’s $8 billion hole on an “accounting error.” Bankman-Fried was asked in an interview…

GensoKishi Official Release | LAND Sales Coming in December – Press release Bitcoin News

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press release PRESS RELEASE. On November 30th, the MMORPG game “GensoKishi Online-Meta World” was officially released. It is the web 3 version of the iconic Japanese 3DMMO “Elemental Knights Online,” which won the “Game of the Year Gold Award 2012” in Taiwan and accumulated more than eight million downloads worldwide. The new web3 release will introduce the trading of avatars and in-game items as NFTs – the Genso metaverse will consist of a 3DMMORPG and a Polygon-based economy. This fantasy world will be built around Genso’s governance token $MV, a…

Court in China Recognizes NFTs as Virtual Property Protected by Law – Regulation Bitcoin News

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A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet Court Hears Case Involving Property Rights Over NFTs A court in Hangzhou, the capital of the eastern Chinese province of Zhejiang, has reviewed a dispute between a client and a local digital art platform which canceled a sale of NFTs…

Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices – Bitcoin News

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On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and Minted Hundreds of Thousands of Tokenized Shares, Report Questions Whether or Not the Firm Actually Owned the Stocks FTX has been under the microscope ever since the exchange collapsed during the first week of November…

Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time – Bitcoin News

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Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars is at the top of the list in terms of the highest nominal amount of funds lost by trading. Wiki Article Prematurely Suggests FTX Fiasco Was a $51B ‘Trading Loss,’ Despite Ongoing Investigations The FTX…

Barcelona and Argentina Legend Mascherano Joins Alchemy Pay as Brand Ambassador – Sponsored Bitcoin News

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sponsored Barcelona and Argentina soccer legend, Javier Mascherano has signed for the leading fiat-crypto payment gateway Alchemy Pay. On December 1st, He announced on his social media platforms that he officially became an ambassador for Alchemy Pay, promoting its payment features and products, and will be working closely with Alchemy Pay on subsequent co-branded NFT launches. “Just as I bridged the defense & offense throughout my career, Alchemy Pay bridges fiat currency and crypto, web2 and web3, across the globe. A perfect match!” announced Mascherano on Twitter, considering this partnership…

LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High – Market Updates Bitcoin News

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Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today’s session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high. Unus Sed Leo (LEO) Unus sed leo (LEO) was one of a few tokens to climb higher on Tuesday, as prices rebounded from recent losses. Following a low of $3.78 to start the week, LEO/USD rallied to…