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FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing

13.11.2022
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptcy protection filing. The CEO insisted that her firm does not hold customer funds and is presently...

Robert Kiyosaki: I’m a Bitcoin Investor — When BTC Hits New Bottom, I Get Excited

13.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited. Robert Kiyosaki...

Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’

13.11.2022
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is...

Web3 Must Overcome Significant UX Challenges to Reach Mass Adoption

12.11.2022
User experience (UX) design affects nearly every waking moment of our lives. It’s not just digital either. Have you ever thought about the UX of doors? Perhaps a brief refresher of what UX is, will help. A useful definition of UX is as follows: ”A person’s perception and responses that result from...

Rich Dad Poor Dad Author Robert Kiyosaki Says BTC Will Bottom at This Price, Not Worried About Crash

12.11.2022
Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, believes Bitcoin may go as low as $10,000 as the dust from the FTX fallout settles. The sudden collapse of FTX, once the third-largest cryptocurrency exchange, has dragged the entire crypto space into another cycle of fear...

To FTX or Not to FTX and 20 Crypto Jokes

12.11.2022
Read More: To FTX or Not to FTX and 20 Crypto Jokes

FTX Hacked Or Inside Job as Wallets Drained? Warning Not to Use FTX App - What We Know So Far

12.11.2022
Reports began to appear late on Friday night that FTX wallets looked like they were being drained in a series of mysterious transactions. Watchers concluded that FTX had either been hacked or insiders were making off with client funds in the latest incendiary developments in the FTX collapse....

Do Not Invest in Non-Bitcoin Crypto: NYDIG's Ross Stevens

11.11.2022
NYDIG has consistently passed on opportunities to partner with the likes of FTX, as well as Three Arrows, BlockFi, Celsius and others of their ilk, said Stevens

It's 2022, Why Not Read A Video Game Magazine

11.11.2022
In 2016, the first issue of a magazine called A Profound Waste of Time was released. Marrying heartfelt essays on video games with beautiful art, it was great, and did well enough that five years later a second edition was put together that was just as good. Now it’s time for issue #3.Read more

Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’

10.11.2022
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this...

Michael Novogratz Tells CNBC He Does Not Expect to Recover $77M Exposure Linked to FTX

10.11.2022
The comments come a day after the firm revealed the exposure in its quarterly earnings

State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse

10.11.2022
Economic Daily, an economic newspaper run by the Chinese state, has published an article noting problems with investing in the metaverse. The article says that metaverse investments might not be suitable for all regions of the country, comparing the trend to the explosion of new green energies...

FTX Site Experiences Temporary Outage, Warns Users Not to Deposit

9.11.2022

MiCA proponent cites FTX in advocating for regulation: 'Crypto assets are not play money'

9.11.2022
"With a global MiCA, the FTX crash would not have happened," said European Parliament economics committee member Stefan Berger

Binance Backs out of FTX Deal Citing ‘Due Diligence,’ Reports of ‘Mishandled Customer Funds’

9.11.2022
The world’s largest cryptocurrency exchange Binance will not go through with purchasing the rival crypto exchange FTX. The company noted that after due diligence and “news reports regarding mishandled customer funds,” Binance has decided not to pursue the FTX acquisition....

Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research

9.11.2022
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with...

Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’

9.11.2022
Binance CEO Changpeng Zhao (CZ) has shared where his company is at on the deal with FTX. “We did not master plan this or anything related to it,” he told the Binance team, reminding them not to trade the FTX token (FTT) as the due diligence for the acquisition is still ongoing....