Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda.
Image Credits: TechCrunch We had to talk about the news that rocked the crypto world this week in our Thursday episode: the Binance/FTX deal that never was. To begin, we gave you a rundown of WTF just happened with the beef between two of the largest crypto exchanges in the world and how Sam Bankman-Fried’s storied exchange fell … Read more
In an open letter, the team says they are unable to perform their work or process grants and has “fundamental questions” about the legitimacy and integrity of business operations.
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The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.
But is it officially official this time, or will it get axed again in a few hours? Vote now! | Image: Twitter Okay, so Twitter broke its own verification system by making the blue check — previously a signal that the account had provided information about its owner’s identity — available for purchase. Yesterday, which … Read more
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Ark Investments topped up its Coinbase stock shortly after FTX’s liquidity issues were revealed, which came after Coinbase stated that it had “minimal exposure” to the troubled trading platform.
A penny for your tweets. | Illustration by Laura Normand / The Verge Elon Musk seems intent on turning Twitter into a bank, complete with what he describes as a “high-yield money market account,” debit cards, checks, and loans. He described his plans during a last-minute meeting with staff today, and you can read a … Read more
“We intend to communicate as frequently as possible […] but anticipate that this will be less frequent than what our clients and other stakeholders are used to.”
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Crypto Lender BlockFi said it could not conduct business as normal and would be limiting activity in the wake of FTX’s collapse.
Genesis Trading is the latest firm to declare exposure to FTX and may look to its parent company for help as it did after the 3AC bankruptcy.
A number of lawmakers have called for investigations or clearer regulation in the wake of FTX’s sudden collapse.
Musk spoke to Twitter employees today. | Illustration by Kristen Radtke / The Verge; Getty Images With Twitter staff still reeling from mass layoffs and executive resignations, Musk took questions from employees for nearly an hour. Here’s everything he said. Continue reading…
As crypto prices have gone up, so have the number of scams. | Illustration by Alex Castro / The Verge The US government’s Consumer Financial Protection Bureau has put out a warning that it’s seeing a rise in complaints related to cryptocurrencies and assets. As much of a shock as that may be, it’s not … Read more
California’s Department of Financial Protection and Innovation announced it was investigating FTX in a press release late Thursday.
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YouTube wants to help you do Q&As. | Illustration by Alex Castro / The Verge YouTube has a new Live Q&A feature to help you host dedicated question and answer sessions during livestreams. Here’s how it works: when you start a Q&A as a creator, your prompt shows up as a pinned message at the … Read more
Contrary to what you might believe, monetary rewards in gaming are bad for player retention. Developers need to take player psychology and game design into account.
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GIF: Tiny Circuits What is this, a television for ants? Basically yes! The TinyTV 2, a Kickstarter project from the company that brought us an even smaller Game Boy, is one of the smallest and cutest video players I’ve ever seen. While it doesn’t have a set of rabbit ears to harness the airwaves, the … Read more
The Bahamas Securities Commission said FTX’s assets could not be moved without the approval of a Supreme Court-appointed liquidator.
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. Tech reporting is a lot of things, but it sure ain’t boring, as the chaos around Twitter, crypto, and layoffs continues. We’re just trying to hang on for dear life to try … Read more
A rendered version of the MK30 drone. | Image: Amazon Amazon is building a better drone that should help chart a course for the company’s Prime Air delivery service after the project was reportedly hampered by multiple malfunctions, crashes, and even fires. The new MK30 drone will go into service in 2024 and is designed … Read more