SBF testifying on 13th.
Full thread: https://twitter.com/SBF_FTX/status/1601186246990401537
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Full thread: https://twitter.com/SBF_FTX/status/1601186246990401537
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Twitter
1) I still do not have access to much of my data -- professional or personal. So there is a limit to what I will be able to say, and I won't be as helpful as I'd like.
But as the committee still thinks it would be useful, I am willing to testify on the…
But as the committee still thinks it would be useful, I am willing to testify on the…
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Months after the bankruptcy of Celsius, funds are finally starting to make their way back to customers’ hands.
Bankrupt crypto lender Celsius has been ordered by a judge to repay $50m worth of assets to the platform’s customers. It’s a step in the right direction, but Celsius had almost 60k customers and still owes several billion dollars to its creditors.
When the platform filed for bankruptcy in July, it had only $167m in cash on hand, so it’s pretty unlikely it will be able to repay all of its creditors. Added to that, ex-CEO Alex Mashinsky reportedly personally withdrew $10m from the platform before freezing user accounts.
That wasn’t the only controversy either. Just before the bankruptcy, Celsius transferred the majority of funds deposited on the platform to custody accounts, which could allow them to claim ownership of the funds. Needless to say – Celsius isn’t in many people’s good books right now.
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Bankrupt crypto lender Celsius has been ordered by a judge to repay $50m worth of assets to the platform’s customers. It’s a step in the right direction, but Celsius had almost 60k customers and still owes several billion dollars to its creditors.
When the platform filed for bankruptcy in July, it had only $167m in cash on hand, so it’s pretty unlikely it will be able to repay all of its creditors. Added to that, ex-CEO Alex Mashinsky reportedly personally withdrew $10m from the platform before freezing user accounts.
That wasn’t the only controversy either. Just before the bankruptcy, Celsius transferred the majority of funds deposited on the platform to custody accounts, which could allow them to claim ownership of the funds. Needless to say – Celsius isn’t in many people’s good books right now.
📍 Follow @Coins for the hottest news in crypto.
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The Block: CEO Michael McCaffrey Resigned After Failing to Disclose a Series of Loans From SBF’s Alameda Research. He Was the Only Person With Knowledge of the Funding at the Company.
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📍 Follow @Coins for the hottest news in crypto.
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Bybit announced that from December 15th, fiat transactions and NFT purchases will require KYC.
The daily withdrawal limit without KYC is changed from 2 BTC to $20K.
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The daily withdrawal limit without KYC is changed from 2 BTC to $20K.
📍 Follow @Coins for the hottest news in crypto.
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A Californian law firm filed a class-action suit against almost 40 people and companies, including Yuga Labs and MoonPay, alleging they were part of “a vast scheme” of undisclosed celebrity endorsements.
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📍 Follow @Coins for the hottest news in crypto.
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Hooked Protocol:
As part of our collaboration with Binance, we will be transferring team’s allocation of HOOK token (100 million HOOK tokens) to Binance Custody.
These tokens will remain locked, with fixed release schedule: 1 year cliff + 60 month linear release.
https://twitter.com/HookedProtocol/status/1601133954693705728
Binance Custody, a new business stream for Binance?
📍 Follow @Coins for the hottest news in crypto.
As part of our collaboration with Binance, we will be transferring team’s allocation of HOOK token (100 million HOOK tokens) to Binance Custody.
These tokens will remain locked, with fixed release schedule: 1 year cliff + 60 month linear release.
https://twitter.com/HookedProtocol/status/1601133954693705728
Binance Custody, a new business stream for Binance?
📍 Follow @Coins for the hottest news in crypto.
Twitter
Public Service Announcement:
As part of our collaboration with Binance, we will be transferring team’s allocation of HOOK token (100 million HOOK tokens) to Binance Custody.
These tokens will remain locked, with fixed release schedule: 1 year cliff + 60…
As part of our collaboration with Binance, we will be transferring team’s allocation of HOOK token (100 million HOOK tokens) to Binance Custody.
These tokens will remain locked, with fixed release schedule: 1 year cliff + 60…
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In just 30 days, 3 prominent crypto people died mysteriously.
- Tiantian Kullander, the billionaire behind the Amber Group, died on November 23rd at the age of 30 (died in his sleep).
- a wealthy crypto developer Nikolai Mushegian 29-year-old well-known developer (drowned in Puerto Rico)
- Russian crypto entrepreneur Vyacheslav Taran died in a helicopter crash in France on November 29th 53-year-old entrepreneur.
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- Tiantian Kullander, the billionaire behind the Amber Group, died on November 23rd at the age of 30 (died in his sleep).
- a wealthy crypto developer Nikolai Mushegian 29-year-old well-known developer (drowned in Puerto Rico)
- Russian crypto entrepreneur Vyacheslav Taran died in a helicopter crash in France on November 29th 53-year-old entrepreneur.
📍 Follow @Coins for the hottest news in crypto.
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All markets are red in today.
Majorly because of the global economic cues. Until they get better, we won't be able to a sustainable green rally.
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Majorly because of the global economic cues. Until they get better, we won't be able to a sustainable green rally.
📍 Follow @Coins for the hottest news in crypto.
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Justin Sun: In case anyone ask about #USDD, it is 200% collateralized ratio on http://usdd.io. You can check all live data on blockchain 24*7.
https://twitter.com/justinsuntron/status/1602224191037591552
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https://twitter.com/justinsuntron/status/1602224191037591552
📍 Follow @Coins for the hottest news in crypto.
USDD
Decentralized USD (USDD) is a fully decentralized stablecoin pegged to the US dollar through crypto reserves.
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Crypto Payments App MoonPay Gains UK Regulator Registration.
The firm was registered with the Financial Conduct Authority as of Friday, signifying compliance with money laundering rules.
Huge!!
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The firm was registered with the Financial Conduct Authority as of Friday, signifying compliance with money laundering rules.
Huge!!
📍 Follow @Coins for the hottest news in crypto.
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8 interesting findings from Capgemini’s latest Metaverse report:
Many consumers have positive feelings for metaverse and immersive experiences.
Metaverse and immersive technologies have the potential to solve some challenges in e-commerce.
Immersive experiences can benefit organizations’ internal operations.
https://www.cryptopolitan.com/8-findings-capgeminis-metaverse-report
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Many consumers have positive feelings for metaverse and immersive experiences.
Metaverse and immersive technologies have the potential to solve some challenges in e-commerce.
Immersive experiences can benefit organizations’ internal operations.
https://www.cryptopolitan.com/8-findings-capgeminis-metaverse-report
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Cryptopolitan
8 interesting findings from Capgemini's latest Metaverse report | Cryptopolitan
Metaverse, which offers an immersive experience through an integrated network of 3D virtual worlds, has become a big buzzword in recent years as several
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Address 0x7d42 received the unlocked 46,050 $ILV ($2.22M) 2 hours ago.
And he sold 9,172 $ILV for 441,669 $USDC, with an average selling price of $48.16.
His selling dropped the price from $48.75 to $47.84, a decrease of ~2%.
He still has 36,878 $ILV($1.78M) left.
Source: LookOnChain
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And he sold 9,172 $ILV for 441,669 $USDC, with an average selling price of $48.16.
His selling dropped the price from $48.75 to $47.84, a decrease of ~2%.
He still has 36,878 $ILV($1.78M) left.
Source: LookOnChain
📍 Follow @Coins for the hottest news in crypto.
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FTX founder Sam Bankman-Fried has been arrested in the Bahamas.
Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX, and is likely to request his extradition.
https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html
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Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX, and is likely to request his extradition.
https://www.nytimes.com/2022/12/12/business/ftx-sam-bankman-fried-bahamas.html
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NY Times
FTX’s Sam Bankman-Fried Is Arrested in the Bahamas
A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
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WBTC has highest burn amount ever.
10,000 WBTC were burned on December 6th in a single transaction, marking a new all time high for daily WBTC burns. The address doing the burning was 0x18c5f, which also burned 5,000 WBTC just 4 days earlier. (The address still has an approved allowance of 40,000 WBTC.)
Previously, the most amount of burns on a given day was 9,950 on July 13th. However, the burns came from several different parties, including 6,000 from Alameda Research and 550 from Coinlist.
Since only one address burned all the WBTC, it doesn’t look like this was some mass panic conversion.
📍 Follow @Coins for the hottest news in crypto.
10,000 WBTC were burned on December 6th in a single transaction, marking a new all time high for daily WBTC burns. The address doing the burning was 0x18c5f, which also burned 5,000 WBTC just 4 days earlier. (The address still has an approved allowance of 40,000 WBTC.)
Previously, the most amount of burns on a given day was 9,950 on July 13th. However, the burns came from several different parties, including 6,000 from Alameda Research and 550 from Coinlist.
Since only one address burned all the WBTC, it doesn’t look like this was some mass panic conversion.
📍 Follow @Coins for the hottest news in crypto.
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ETH spot to futures volumes drops below Merge levels:
The spot to futures volume ratio for ether has been sinking since lower mid-November, with the 30-day moving average of reaching 0.11, the lowest it has been in 2022.
Looking at spot volumes, ETH and BTC largely follow the same trend, but after July the difference in the 7-day moving average of volumes has grown.
Ether futures volumes increased from October to November but are so far on pace to not drop in December, with only $174.7 billion in volumes already a third into the month.
The spot to futures ratio of BTC has also been dropping more recently, after trending upward for the majority of the year, but still remains roughly 4 times as high as that of ether at 0.42.
📍 Follow @Coins for the hottest news in crypto.
The spot to futures volume ratio for ether has been sinking since lower mid-November, with the 30-day moving average of reaching 0.11, the lowest it has been in 2022.
Looking at spot volumes, ETH and BTC largely follow the same trend, but after July the difference in the 7-day moving average of volumes has grown.
Ether futures volumes increased from October to November but are so far on pace to not drop in December, with only $174.7 billion in volumes already a third into the month.
The spot to futures ratio of BTC has also been dropping more recently, after trending upward for the majority of the year, but still remains roughly 4 times as high as that of ether at 0.42.
📍 Follow @Coins for the hottest news in crypto.
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Justin Sun: I just deposited 100 million USD into binance.
https://etherscan.io/tx/0xf013763e2e7da0b5ed548e4ed5f4a586a6b2edc63ae13d51ae7f4d13f913a84c
Ignore the FUD.
📍 Follow @Coins for the hottest news in crypto.
https://etherscan.io/tx/0xf013763e2e7da0b5ed548e4ed5f4a586a6b2edc63ae13d51ae7f4d13f913a84c
Ignore the FUD.
📍 Follow @Coins for the hottest news in crypto.
Ethereum (ETH) Blockchain Explorer
Ethereum Transaction Hash: 0xf013763e2e... | Etherscan
Transfer 100,000,000 USDC to Binance Dep: 0xd18996...6a4Fbf | Success | Dec-13-2022 07:42:35 AM (UTC)
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Following “recent events in the crypto market,” Canada’s securities regulator is clamping down hard on crypto firms.
Crypto platforms applying for registration in Canada will have to agree to tighter rules in the country, including a ban on margin and leverage trading.
Firms will also have to hold the assets of Canadian clients separately from their proprietary business, according to expanded terms outlined by the Canadian Securities Administrators (CSA) on Monday.
Canada to Prohibit Crypto Firms From Offering Leveraged Trading to Citizens
https://decrypt.co/117077/canada-prohibit-crypto-firms-offering-leveraged-trading-citizens
📍 Follow @Coins for the hottest news in crypto.
Crypto platforms applying for registration in Canada will have to agree to tighter rules in the country, including a ban on margin and leverage trading.
Firms will also have to hold the assets of Canadian clients separately from their proprietary business, according to expanded terms outlined by the Canadian Securities Administrators (CSA) on Monday.
Canada to Prohibit Crypto Firms From Offering Leveraged Trading to Citizens
https://decrypt.co/117077/canada-prohibit-crypto-firms-offering-leveraged-trading-citizens
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Decrypt
Canada to Prohibit Crypto Firms From Offering Leveraged Trading to Citizens - Decrypt
Following “recent events in the crypto market,” Canada’s securities regulator is clamping down hard on crypto firms.
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