Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu Coin
As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com’s reserves are in the dog-inspired meme ERC-20 token, SHIB.
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Musk’s lawyer tells Twitter staff they won’t be liable if company violates FTC consent decree
Following a warning shot from the FTC to Twitter yesterday, TechCrunch has obtained an internal email sent by Elon Musk’s lawyer, Alex Spiro, to all remaining employees — in which he seeks to calm staffers’ concerns by claiming that they do not have individual liability for upholding the requirements of the FTC consent decree. We’ve … Read more
Elon Musk’s lawyer: Twitter employees aren’t personally at risk over its liabilities to the FTC
Alex Spiro, leader of Elon Musk’s team of attorneys, leaves the US District Court for the Central District of California in Los Angeles on December 6th, 2019. | Image: APU GOMES/AFP via Getty Images Elon Musk’s lawyer Alex Spiro, who worked for months arguing Musk should be allowed to break his agreement to buy Twitter … Read more
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process.
Tesla opens up its charging connector in a bid to become the North American standard
Image: PATRICK T. FALLON/AFP via Getty Images Tesla is opening up its charging system, but not in the way that helps people who own electric vehicles that aren’t Teslas. The automaker is renaming its Tesla connector the “North American Charging Standard” (NACS) and is pitting it against the current CCS combo charging standard. CCS is … Read more
Solana Volatility Returns After FTX Bankruptcy, But What Comes Next?
Solana was grappling with the market contagion. SOL was down 4% in the past 24 hours.
Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined
The DeFi market faced the heat of the FTX turmoil as well with the majority of tokens and projects registering a blood bath over the past week.
Another major ad agency recommends pausing Twitter ad campaigns
Illustration by Alex Castro / The Verge Omnicom, one of the world’s biggest ad firms, representing brands like McDonald’s, Apple, and PepsiCo, is recommending clients pause spending on Twitter, according to an internal memo obtained by The Verge. Omnicom Media Group is recommending clients “pause activity on Twitter in the short term,” according to a … Read more
Solana’s Wrapped Bitcoin Price Craters After FTX Shuts Exit Ramp
A Solana-based crypto asset tied to the price of bitcoin collapsed in value Friday after CoinDesk reported that FTX US – the only venue left to exchange it for real bitcoin – had frozen withdrawals.
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
FTX Withdraws US CFTC Derivatives Clearing Plan: Bloomberg
Company previously submitted plan for approval that would allow customers to assess and respond to derivatives risks in real time.
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Tesla opens its EV connector design to other automakers
Tesla is sharing its EV charging connector design in an effort to encourage network operators and automakers to adopt the technology and help make it the new standard in North America. Tesla said in a blog post Friday that its design and specification files are available for download. The company said it is “actively working … Read more
Amazon SageMaker Studio Lab continues to democratize ML with more scale and functionality
To make machine learning (ML) more accessible, Amazon launched Amazon SageMaker Studio Lab at AWS re:Invent 2021. Today, tens of thousands of customers use it every day to learn and experiment with ML for free. We made it simple to get started with just an email address, without the need for installs, setups, credit cards, … Read more
Amazon CEO Andy Jassy faces enormous challenges amid falling profits and negative numbers
Amazon CEO Andy Jassy is the definition of a company man. In an age when people switch jobs frequently, he has been at Amazon for 25 years, working his way up to president and CEO. But before he reached the corner office, he helped build Amazon Web Services, its cloud arm, into a $60 billion … Read more
Climate Chain Coalition releases report on blockchain and emerging technologies at COP 27
Cointelegraph is a member of the network of organizations committed to using blockchain technology for climate action.
FTX US Freezes Crypto Withdrawals, Sending Millions in Assets Into Bankruptcy Limbo
The exchange website told another story.
Sight Tech Global 2022 agenda announced
The third annual Sight Tech Global conference, a virtual, free and highly accessible event on December 7 and 8 convenes some of the world’s top experts working on assistive tech, especially AI, for people who are blind or visually impaired. If you don’t follow this topic, maybe you should, because a lot of cutting-edge tech … Read more
Numerous social apps see gains in wake of Twitter chaos, new data shows
The drama at Twitter following Elon Musk’s acquisition has seen some users looking for an exit. In recent days, alternative social apps and microblogging platforms have seen strong gains, including, most notably, the open-source decentralized Twitter alternative Mastodon. The service’s founder and CEO recently announced Mastodon had topped 1 million monthly active users, after more … Read more
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Bitcoin slips under $17K, crypto stocks tumble in reaction to FTX bankruptcy
Bitcoin, altcoins and crypto-linked stocks correct sharply after FTX officially files for bankruptcy with BTC price slipping below its June lows again.
Framework Ventures co-founder says DeFi gives hope following FTX collapse
FTX’s downfall will heighten the need for regulation but also pique long-term interest from venture capitalists looking to invest in decentralized finance (DeFi), according to Michael Anderson, co-founder of Framework Ventures. “It just seems obvious that DeFi is the only way that we can continue to do these types of financial services operations in the … Read more
FTX Employees Worldwide Learned of Bankruptcy Along With the Public
Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told.
US-Listed Crypto Trading Platforms Coinbase, Bakkt Gain After FTX Bankruptcy Filing
Investors appear to be favoring more regulated and transparent platforms.