Top FTX Group Executive Tipped Off Bahamas Authorities About Comingling of Funds in November
Former CEO Sam Bankman-Fried has said he didn’t know of any commingling of funds between his companies.
SEC approves 9 more WisdomTree ‘blockchain-enabled’ funds
After announcing the approval of nine new digital funds, WisdomTree reiterated that it wants to further integrate blockchain tech to improve the investor experience.
Libreboot 20221214
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Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.
Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain
Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, has raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startups, and a number of angel investors. Founded in January this year, Suplyd’s B2B platform brings efficiency in the supply chain operations for businesses in the food service industry … Read more
Alameda tried to redeem 3,000 wBTC days before bankruptcy: BitGo CEO
The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert wrapped-BTC into BTC.
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FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-Fried
Court filings show Ryan Salame tipped off the Bahaman securities regulator, telling them that FTX was sending customer funds to Alameda Research.
Cathie Wood’s ARK Continues to Buy Coinbase’s Dip, Adding $3.2 Million of COIN to Portfolio
The latest purchase means ARK’s Innovation ETF holds 5.8 million COIN shares.
Realized losses from FTX collapse peaked at $9B, far below earlier crises
Weekly-realized losses peaked at $20.5 billion when Terra Luna (LUNC) imploded and reached $33 billion when 3AC and Celsius collapsed, according to Chainalysis.
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets.
FTX ex-staffer: Extravagant expenditures and cult-like worshipping of SBF
A former FTX employee has revealed details regarding the lavish expenditures of the exchange as well as its intense company culture.
Musk sells $3.5B worth of Tesla stock as investors voice concern over Twitter involvement
Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month. Musk hasn’t provided a reason publicly for the share sell … Read more
Elon Musk sells yet another $3.58 billion of Tesla shares
Money pit | Illustration by Laura Normand / The Verge Elon Musk has sold another $3.5 billion in Tesla shares, according to a form filed with the Securities and Exchange Commission today. Since November 2021, the high point of Tesla’s share price, Musk has sold more than $39 billion of shares, The Wall Street Journal … Read more
Only 1% of people can handle crypto self-custody right now: Binance CEO
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.
Mews books $185M for its SaaS-based hotel management platform
The Covid-19 pandemic grounded travel and tourism to a halt, but as those sectors pick up speed again, so too are the more promising startups in them raising money to keep up. Today, a startup called Mews — which provides a cloud-based hotel property management platform with tools covering reservations, payments, and more — announced … Read more
Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on … Read more