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Sam Bankman-Fried Seeks to Avoid Jail, Denies Witness Tampering in FTX Case
3.8.2023
Founder of bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), has sought to avoid being jailed, denying prosecutors’ accusations of witness tampering that followed an interview he gave for the New York Times. The indicted crypto mogul also argued that revoking his bond would violate his right...
Kraken Co-founder Jesse Powell Voices Concerns About FTX 2.0
3.8.2023
The revival plans of crypto exchange FTX have been met with skepticism from industry insiders, with Jesse Powell, co-founder of Kraken, raising concerns about the feasibility of FTX 2.0's aspirations.
In a series of tweets, Powell questioned the viability of reviving the defunct FTX exchange...
Why I Don’t Feel Bad for HEX Founder Richard Heart’s Victims
2.8.2023
Maybe the SEC can finally convince Hex and PulseChain devotees that they’ve been cheated
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV
Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
2.8.2023
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
1.8.2023
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency
Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans
1.8.2023
A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains
Tron Founder Justin Sun Alleviates Curve Finance’s Looming Bad Debt Situation
1.8.2023
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan
Curve Finance founder's $100M debt could trigger a DeFi implosion: Report
1.8.2023
Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
1.8.2023
Egorov has created a new liquidity pool on Curve for FraxLend's CRV/FRAX market, called crvUSD/fFRAX. Analysts said it is an attempt to incentivise liquidity to FraxLend's pool from where Erogov has taken loan of 15.8 million FRAX
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing
1.8.2023
Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem
Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole
31.7.2023
Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling
As Litecoin Halving Approaches, Founder Touts Silver Collector Cards Loaded With 'Digital Silver'
31.7.2023
Litecoin’s third “halving event” – a programmed 50% reduction in the pace of new issuance of the cryptocurrency – is expected on Wednesday
Billionaire Founder of HEX and PulseChain Richard Heart Sued by SEC for Securities Fraud
31.7.2023
The US Securities and Exchange Commission (SEC) has taken legal action against prominent internet marketer and crypto advocate Richard Heart.
Heart, whose real name is Richard Schueler, is accused of raising more than $1 billion through unregistered securities offerings and defrauding investors....
SEC files complaint against HEX founder for allegedly offering unregistered securities
31.7.2023
According to the SEC, Richard Heart allegedly used more than $12 million of investor funds to buy "a 555-carat diamond, expensive watches, and high-end automobiles.”
Solana co-founder Locks Horns with the Ethereum community
31.7.2023
The blockchain and cryptocurrency world has witnessed a recent clash between Anatoly Yakovenko, one of the co-founders of Solana, and members of the Ethereum community. The controversy arose after a controversial tweet from Yakovenko that questioned Ethereum’s credibility and viability as...
Double Standards in Finance: SBF’s Legal Troubles Spark Concerns
29.7.2023
Cryptocurrencies and DeFi have shaken up the world of finance, but the spotlight on Sam Bankman-Fried (SBF), the mysterious FTX founder, has raised serious concerns about how the U.S. government handles financial regulation and fairness. SBF faces some serious accusations like misusing customer...
Worldcoin Adoption Said to Be Accelerating; Sam Altman States ‘One Person Getting Verified Every 8 Seconds’
29.7.2023
Worldcoin, the digital ID passport and universal basic income project, is allegedly rising in popularity, with thousands of people said to be signing up and registering. According to Sam Altman, co-founder of the project, one person is currently verified by the iris scanning devices —...
Andrew Smith, Founder of VRRB Labs, on the State of Blockchains, the Metaverse, and AI Use Cases | Ep. 251
28.7.2023
In an exclusive interview with cryptonews.com, Andrew Smith, Founder of VRRB Labs, talks about building a Layer1 blockchain, how Metaverses should not be built on the blockchain, and how AI will make crypto more efficient. ...
Read More: Andrew Smith, Founder of VRRB Labs, on the State...
NFT-styled debit cards the future of Web3 - Animoca founder on $30M hi investment
28.7.2023
Animoca Brands partners with hi, a Web3 app that features cryptocurrency exchange services, conventional digital banking and customized NFT-styled debit cards