BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.
Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M
The bank’s shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
EV SPAC Faraday Future ousts its CEO
Faraday Future, the troubled EV startup-turned-publicly-traded company has shuffled its executive ranks once again. The board fired its CEO Carsten Breitfeld, according to a regulatory filing posted Monday after the markets closed. Brietfeld, who was the former co-founder of failed EV startup Byton, took the leadership role at Faraday Future in September 2019. The board … Read more
From the NY Times to WaPo, the media is fawning over Bankman-Fried
Mainstream media outlets just can’t seem to stop drooling over the disgraced FTX founder.
Aave Supporters Say Lending Freeze Will Help Transition the Network
Community members voted Monday to freeze 17 assets in the Ethereum liquidity pool in order to lower risk within the protocol ahead of upgrading the network to its v3 version.
A crypto exchange agrees to pay $360,000 for possibly violating Iran sanctions
Illustration by Alex Castro / The Verge Cryptocurrency exchange Kraken has agreed to pay $362,158.70 to settle with the Department of the Treasury over claims that the firm violated US sanctions against Iran. Kraken, which lets users buy, sell, hold, and trade cryptocurrency, is also required to invest an extra $100,000 in certain sanctions compliance … Read more
Daily Crunch: WhatsApp rolls out new ‘Message Yourself’ feature globally
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. We’re joining the Cyber Monday fun with 25% off annual subscriptions to TechCrunch+ content and analysis starting today until Wednesday, November 30. Plus, today only, get 50% off tickets to discover the … Read more
Max Q: Thank you
Hello and welcome back to Max Q. I hope everyone had a restful Thanksgiving with loved ones. As it was a holiday week, this is an abbreviated version of the regular newsletter, and I’m writing it on Wednesday, November 23. Before we get to the news, I wanted to give a heartfelt thank you to … Read more
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
Crypto prices dived amid continued market contagion triggered by the FTX collapse earlier this month. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
New GPT-3 model: text-DaVinci-003
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Bitcoin capitulations abound — Data shows realized and unrealized losses at record-highs
Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants.
Nufa lets you live up to unrealistic beauty standards at the tap of an app
It isn’t like Instagram is a beacon of truth as it is, but things are about to get a lot worse, as Nufa takes any image and sculpts you into the “after” picture dream that every gym owner wants to project into our souls as they continue on their mission to make us all look … Read more
Samsung may be readying a Self Repair Assistant app
Samsung’s Galaxy S21 is one of the models currently supported in the company’s self-repair program. | Photo by Vjeran Pavic / The Verge Samsung seems to be working on a new self-repair app to aid customers looking to fix their own devices. The company’s submission at the US Patent and Trademark Office for “Self Repair … Read more
Flickr weighs support for ActivityPub, the social protocol powering Twitter alternative Mastodon
On the heels of Tumblr’s decision to integrate with ActivityPub — the social protocol powering the open-source Twitter alternative Mastodon and others — it appears that photo-sharing site Flickr is now considering doing the same. Flickr CEO Don MacAskill today began to actively poll users about whether or not they’d like to see Flickr support … Read more
Israel’s Ministry of Finance Proposes New Guidelines for Regulating Digital Assets
The proposal follows the country’s recent efforts to integrate cryptocurrencies into its economy.
Meta fined €265M for allowing scrapers to steal Facebook’s centralized user data
Blockchain and Web3 companies are attempting to prevent leaks like these in the future by creating alternative login processes and distributing necessary data collection in a highly decentralized way.
Ukrainian Government Puts Binance Payment Service Integration on Hold
Plans to integrate Binance functionality into Ukraine’s electronic documents app Diia has upset local crypto exchanges and entrepreneurs.
Google paid millions to radio hosts to endorse the Pixel 4 — even though they hadn’t used it
Google shared scripts for the hosts to read. | Photo by Amelia Holowaty Krales / The Verge Google and iHeartMedia are settling with the Federal Trade Commission (FTC) and seven state attorneys general for allegedly paying radio hosts to read endorsements of the Pixel 4 when the hosts hadn’t actually used the phone. Google allegedly … Read more
ECB president reiterates calls for ‘MiCA II’ in response to FTX collapse
In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
FTX collapse impacts Miami’s nightclub scene: Report
Young crypto entrepreneurs went from spending big bucks on champagne showers to being visibly absent from the nightclub scene.
DeFi Giant MakerDAO Holds Voting on Hiking DAI Stablecoin Rewards
Increasing the DAI savings rate would make Maker’s stablecoin more competitive among rivals and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said.
Post News, a Twitter alternative, gets funding from a16z
If it seems like Post News launched overnight, that’s because it kind of did. Unlike Mastodon, Hive Social, or other existing social networks being flooded with dissatisfied Twitter users, Post News emerged two weeks ago. The platform was rushed into a live beta, since its team wanted to go public in a time when the … Read more
GK8 increases insurance cap on digital assets to $1B
Institutional customers storing Bitcoin and other digital assets in GK8’s cold vault will receive up to $1 billion in insurance coverage.
Regulating Crypto Not a ‘One-Agency Solution,’ CFTC Commissioner Says
Appearing on CoinDesk TV, Summer K. Mersinger discussed why the need to regulate crypto will require working closely with other agencies.
Bitcoin’s bottom might be below $15.5K, but data shows some traders turning bullish
Bitcoin whales and market makers continue to add to their leverage long positions, even though it’s unclear whether $15,500 was the final bottom.