It is “unfortunate that it took (Binance) more than two years to realize there is no room for negotiations, and (that) no global powerhouse can command special treatment, especially at the cost of exposing the country’s financial system to vulnerabilities,” the report said, citing a source. Source
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Welcome to #hearsay, Dorian Batycka’s weekly crypto gossip column. This week’s edition brings you a small dose of dark web cartels, a potential blockchain interface for the Israel Defense Force (IDF), and one NFT collector’s hilarious flex fail. Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at [email protected] Question:…
Bankrupt crypto lender Celsius claims to have started paying its creditors up to $3 billion. According to the company’s press release, they are discussing the distribution of cryptocurrency and other assets worth $3 billion among the platform’s creditors. The payments became part of a plan to reorganize the failed crypto lender. The plan includes distributing more than $3 billion to Celsius‘ creditors and creating a new bitcoin mining company, Ionic Digital, Inc., which Celsius’ creditors will own. Hut 8 Corp will manage its mining operations. “Today, under the MiningCo Transaction,…
CoinDesk’s Danny Nelson reported that Polygon paid DraftKings to be on the network, a furtive deal that only misrepresents consumer choice. Source
Worldcoin is set to begin paying its Orb Operators — those rewarded for scanning people’s eyes — with its native Worldcoin (WLD) token, phasing out USD Coin (USDC) as early as next month. According to an Oct. 22 announcement, Worldcoin says Orb Operators — who are “independent ecosystem participants” tasked with scanning people’s irises in exchange for WLD tokens — will cease to be paid in USDC as of November. The change will affect most jurisdictions. Worldcoin said the move to pay orb operators entirely in WLD was part of a…
“Did you have a view that Alameda could borrow, so long as borrows weren’t in excess of assets?” Cohen asked Singh, clearly hoping for some variation of a “yes” answer. Singh, however, seemed to sense a trap. He answered obliquely: there were many “scenarios” where Singh didn’t think Alameda’s borrows were “appropriate,” he told Cohen. The lawyer let out an audible “sigh,” looked down and spent the next several moments leafing through the pile of papers on his podium. While we’re finally starting to see glimmers of Bankman-Fried’s defense strategy,…
Michael Lewis, the author of “The Big Short,” says the disgraced crypto entrepreneur was exploring the legality of such a move. Sam Bankman-Fried (aka SBF), founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, was considering paying Donald Trump $5 billion not to run for re-election. In an interview with CBS, Michael Lewis, the author of “The Big Short” and “Going Infinite: The Rise and Fall of a New Tycoon,” noted that SBF was not sure at the time whether that number came directly from Trump. However, the disgraced…
Lewis, however, noted that there was no way for SBF to confirm if that number came directly from Donald Trump. Michael Lewis, who currently documents the ‘grace to grass’ story of Sam Bankman-Fried (SBF) has revealed some unpopular facts about the FTX founder. According to the acclaimed author of “The Big Short” and “Flash Boys”, Bankman-Fried once contemplated paying Donald Trump $5 billion to make him stop running for the United States presidency. Lewis, while speaking during a Sunday CBS interview, also shared that SBF did some research into the…
Bankman-Fried’s dad, Joe Bankman, was paid a $200,000 salary by FTX’s U.S. division, according to the filing from FTX’s bankruptcy estate, which just sued the parents. But that wasn’t enough, he said, telling an FTX executive in a Jan. 12, 2022, message that he was supposed to get $1 million annually starting the previous month, according to the filing. Source
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi saw Coinbase CEO stand up for the nascent ecosystem amid growing calls for enforcement action, while Polygon CEO has said that its $1 billion zero-knowledge proof rollup bet is paying off. MakerDAO’s founder believes decentralized stablecoins could dominate crypto, while Solidus Labs says decentralized exchanges have become a magnet for wash trading. The top 100 DeFi tokens…