Bitcoin
FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say
Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone. Source link
Year: 2022
Market Analysis
Catheon Gaming CEO William Wu Kept Terra Losses Hidden
Crypto sleuth ZachXBT has accused Catheon Gaming co-CEO William Wu of irresponsibly investing $20 million in treasury funds in Terra’s Anchor protocol, despite having warnings about Terra’s implosion. After the collapse of the Terra stablecoin, […]
Regulation
Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the US
Simms has asked the court for provisional relief including the recognition of Bahamian bankruptcy and liquidation proceedings, and orders entrusting FTX’s assets located in the U.S. to Bahamian liquidators, authorizing “urgent discovery measures,” and preventing […]
Ethereum
NFT-Powered Games, Metaverse Worlds & More
The packs “democratiz[e] the ability to own a part of the Fifa World Cup,” said FIFA Chief Business Officer Romy Gai in a statement. “Just like sports memorabilia and stickers, this is an accessible opportunity […]
Bitcoin
Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief
The Twitter thread stresses SBF’s resignation from the exchange and affiliated companies. Source link
Market Analysis
Crypto exchange Bybit reveals reserve wallet addresses
Bybit’s largest asset wallet holdings total $1.9 billion, according to details from blockchain analytics firm Nansen. Bybit has become the latest crypto exchange to publish information about its assets reserves, as calls for more transparency […]
Regulation
Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations
Lisa Braganca, former SEC enforcement branch chief, discusses why regulation for crypto is likely to come from the SEC or CFTC rather than Congress and why SBF’s lawyers are “apoplectic.” Source link
Ethereum
Music NFTs and Taxes: A Web3 Taxation Guide
Okay, first things first. The basics. Creating (a.k.a. minting) an NFT is not a taxable event. If you create an NFT (a 1:1 or a 10K-strong collection) and no one buys it or trades it, […]
Bitcoin
What Will It Look Like When Taxation and Privacy Collide?
What Will It Look Like When Taxation and Privacy Collide? Source link
Market Analysis
BAND, WAVES, and AR Price Collapses after Pump and Dump
Band Protocol (BAND), Waves (WAVES), and Arweave (AR) have fallen by more than 90% since their all-time highs. The tempo of the drop is typical of a pump-and-dump scheme. A pump and dump happens when […]