News from coinfeeds-bot

  1. tldr; Swan Bitcoin CEO Cory Klippsten confronted Consensus Magazine's Ben Schiller over the lack of Bitcoiners on CoinDesk’s “Most Influential 2022” list. Schiller was asked to name a Bitcoiner that he thinks “matters” and couldn’t name a single person. “It would be nice to see something like 10 or 15 Bitcoiners in the [50] next year,” he said.

  2. tldr; A lawsuit accusing Kim Kardashian and Floyd Mayweather of misleading investors by promoting a cryptocurrency on social media has been dismissed. The lawsuit claimed that the defendants had conspired to inflate the value of the tokens. Kardashian wrote an Instagram post in June 2021 saying, "This is not financial advice but sharing what my friends told me about Ethereum Max token."

  3. tldr; Sam Trabucco, the former co-CEO of bankrupt crypto investing firm Alameda Research, purchased two luxury apartments in San Francisco last year for $8.7 million in cash. He also reportedly bought a 52-foot yacht, which he named 'Soak my Deck' and paid someone on Fiverr to come up with a logo. The yacht is the same length as the yacht Three Arrows Capital attempted, and ultimately failed, to buy.

  4. tldr; An investor-led class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their social media promotion of the cryptocurrency was dismissed by a federal judge on Wednesday. Investors who purchased EMAX tokens claimed they had lost money after believing the celebrity influencers about the value of cryptocurrencies. The judge ruled that the plaintiffs’ claims were not sufficiently supported.

  5. tldr; Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers. To use the feature, users will need to purchase “blockchain-powered anonymous numbers” from Fragment, a decentralized auction platform founded by Telegram creator Pavel Durov.

  6. tldr; Binance’s first proof of reserves (PoR) audit report reveals that the company has enough assets for mass customer withdrawals and that customers had put up enough margin to collateralize leveraged positions. Critics point out that such audits can be manipulated or the auditing company can be bought off to conceal mismanaged funds. Regularly published PoR audits could lend the crypto industry an aura of legitimacy.

  7. tldr; The New York Times reports that federal prosecutors are investigating whether FTX founder Sam Bankman-Fried manipulated the market price of TerraUSD and Luna. TerraUSD lost its peg to the US dollar in May after Terraform Labs flooded the market with Luna tokens to prop up the 1:1 UST-to-dollar peg. The collapse of Terra and Luna eventually led to the collapse of FTX.

  8. tldr; The new management for bankrupt crypto exchange FTX has reportedly hired a team of financial forensic investigators to track down the billions of dollars worth of missing customer crypto. Financial advisory company AlixPartners was chosen for the task and is led by former SEC chief accountant Matt Jacques. It is understood that the forensics firm will be tasked with conducting “asset-tracing” to identify and recover the missing digital assets.

  9. tldr; US House Financial Services Committee Chair Maxine Waters has said a subpoena is "definitely on the table" for former FTX CEO Sam Bankman-Fried, who has been requested to testify at a Dec. 13 hearing looking into the collapse of FTX. "It is imperative that you attend our hearing," Waters added, and said the Committee was "willing to schedule continued hearings

  10. tldr; A bankruptcy judge has ordered Celsius Network to return cryptocurrency in custody accounts to customers. The coins, which were worth $44 million in September, were moved from interest-bearing accounts to custody accounts shortly before the firm’s bankruptcy filing. "I want this case to move forward. I want creditors to recover as much as they possibly can as soon as possible," the judge said.

  11. tldr; A federal bankruptcy judge has approved the issuance of subpoenas to the co-founders of collapsed hedge fund Three Arrows Capital (3AC) – Su Zhu and Kyle Davies. The liquidators can now request the founders to produce “any recorded information, including books, documents, records, and papers” related to 3AC’s property or financial affairs since the company was founded.

  12. tldr; Only 8% of Americans have a favorable view of cryptocurrency as of the end of November, down significantly from the 19% recorded in March. The number of haters (those with negative crypto views) has grown rapidly, increasing from 25% in March to 43% by November. The survey had a relatively small sample size of 800 respondents across the US.

  13. tldr; FTX CEO Sam Bankman-Fried has been requested to testify before the US House Financial Services Committee. Maxine Waters, the chairwoman of the committee, said that a subpoena for him to testify "is definitely on the table" at a Dec. 13 hearing about the dive bomb his crypto exchange experienced last month. "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain," he said

  14. tldr; Rep. Maxine Waters has said a subpoena is "definitely on the table" for disgraced ex-FTX CEO Sam Bankman-Fried to testify before the House Financial Services Committee on December 13, 2022. "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain," he said.

  15. tldr; Game of Silks, an online game connected to the real world of Thoroughbred horse racing, and NYRA Bets Holding announced a new partnership. The partnership establishes Silks as the official blockchain game and metaverse partner of NYRA. "It's truly an unbelievable marriage for a technology company to enhance the ability to attract many, many new people to the sport," co-founder Troy Levy said.

  16. tldr; A change in the way the cryptocurrency Ethereum works may have cut its power consumption by country-sized amounts. The amount of electricity saved is similar to that used by Ireland or even Austria, work published in the data-science journal Patterns suggests. Bitcoin, the largest crypto, is thought to use more electricity than Finland.

  17. tldr; The Senate Banking Committee wants Sam Bankman-Fried to appear before it next week in person to discuss the collapse of FTX. The committee is holding a hearing on Wednesday, a day after the House Financial Services Committee holds its own hearing on the exchange. If he doesn't appear voluntarily, the committee will subpoena him.

  18. tldr; Individual users may see low transaction and storage thresholds for the digital euro, the European Union’s

  19. tldr; A US bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. The creditors committee previously estimated that the amount at stake for custody account holders was $50 million. Celsius froze withdrawals in June, citing "extreme" market conditions.

  20. tldr; The CNBC All-America Economic Survey shows 43% of Americans with a negative view of cryptocurrencies, up from 25% in March. The percentage with a positive view plummeted to just 8% from 19% and those who are neutral fell almost in half to 18% from 31%. The survey found 53% of the public said crypto should have the same or greater regulation and oversight as stocks and bonds.

  21. tldr; Allbridge Core enables the transfer of value between blockchains by offering crosschain swaps of native stablecoins. Being messaging protocol agnostic, Allbridge Core connects a variety of EVM and non-EVM networks. Currently, users can choose between Wormhole and Allbridge messaging. In the future, the team plans to add the support of new tokens and cover a broader range of assets and networks.

  22. tldr; Rep. Maxine Waters has said a subpoena is "definitely on the table" for disgraced ex-FTX CEO Sam Bankman-Fried to testify before the House Financial Services Committee on December 13, 2022. "Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear before the committee and explain," he said.

  23. tldr; A US judge is considering for the first time the question of who owns bitcoin and other tokens in frozen accounts at a bankrupt digital asset exchange in a case that could shape customer protections in the cryptocurrency industry. If the account holdings belong to Celsius, those customers will be at the back of the line for repayment, collecting pennies on the dollar. Unlike bank deposits, crypto deposits are not insured and digital asset companies are lightly regulated.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed