Mic Drop
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In his first tweet since being arrested, former FTX CEO Sam Bankman-Fried (SBF) has denied any involvement in the recent movement of funds in wallets linked to Alameda Research. Over $684,000 in crypto has been cashed out of the Alameda-linked wallets via. an exchange in Seychelles, according to an on-chain investigation conducted by DeFi educator BowTiedIguana.
SBF tweeted,
"None of these are me. I'm not and couldn't be moving any of those funds; I don't have access to them anymore."
https://decrypt.co/118193/sam-bankman-fried-denies-moving-alameda-linked-funds
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In a letter posted on its website, crypto asset manager Valkyrie Investments has revealed that it wants to become the sponsor and manager of the Grayscale Bitcoin Trust (GBTC), a product introduced by its rival firm Grayscale Investments. It included a set of proposals on how it intends to manage the product, which includes allowing investors to redeem GBTC at net-asset value via a Regulation M filing.
Parts of the letter posted on the firm’s website reads as follows,
“We are well-equipped to handle the unique challenges and opportunities presented by GBTC. Our combination of technical and regulatory knowledge and hands-on experience makes us the ideal choice to take on this role […] We understand that Grayscale has played an important role in the development and growth of the bitcoin ecosystem with the launch of GBTC, and we respect the team and the work that they have done. However, in light of recent events involving Grayscale and its family of affiliated companies, it is time for a change. Valkyrie is the best company to manage GBTC to ensure its investors are treated fairly.”
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According to reports, Mr Park Mo, the vice president of Vidente, the biggest shareholder of the South Korean cryptocurrency exchange Bithumb, was discovered dead in front of his house around 4 am on December 30.
Shortly before his death, Mr Mo had been identified as the primary suspect in a case involving stock price manipulation and money embezzlement at businesses connected to Bithumb. Authorities suspect that Mr Mo may have taken his own life due to the nature of the criminal allegations that had been brought against him.
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And still do today in cobalt mining for EV's
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According to a statement by Bitfarms, the Canadian Bitcoin mining firm has promoted its COO Geoffrey Morphy to the position of CEO. The promotion follows the resignation of former CEO Emiliano Grodzki- who will reportedly remain as a director in the company. Bitfarms co-founder Bonta will also move from executive chairman to chairman of the board.
Bonta stated,
"In a little over two years, Geoff helped transform Bitfarms from a purely Canadian company trading on the TSX Venture Exchange with five farms in Quebec to an international powerhouse traded on both the Nasdaq and TSX with 10 operating farms in four countries driving over 4.4 exahash/second (EH/s) today."
https://www.coindesk.com/business/2022/12/29/bitcoin-miner-bitfarms-ceo-exits-coo-will-replace
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The Securities Commission of the Bahamas (SCB) has reportedly been holding more than $3.5 billion worth of FTX customer assets in custody since Nov. 12. The regulator stated that the assets will be held until the Bahamas Supreme Court directs the SCB to deliver them to the customers and creditors who own them. It further clarified that the assets were no longer in the control of FTX co-founders and that it had never directed them to prioritise fund withdrawals for Bahamas-based clients.
https://www.theblock.co/post/198434/bahamian-regulator-holding-3-5-billion-of-ftx-customer-assets
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According to local media reports, China’s first state-backed digital collectables marketplace, the "China Digital Asset Trading Platform," is set to be unveiled on January 1, 2023. The platform will be run by the government-backed China Technology Exchange and China Cultural Relics Exchange Center and the Huaban Digital Copyright Service Center. An official ceremony celebrating the launch of the marketplace will be held in Beijing.
https://decrypt.co/118123/china-roll-out-state-backed-exchange-digital-collectibles
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According to a statement released yesterday, the Central Bank of Turkey (CBRT) has successfully carried out the first test payment transactions of its central bank digital currency (CBDC), the Digital Turkish Lira, on its CBDC network. The CBRT has stated that it will continue to run “small-scale, closed-loop application pilot tests” with technology stakeholders in the first quarter of 2023. It will later expand the pilot to include selected banks and financial technology companies over the course of the year.
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Reagan on Inflation:
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US Federal Government debt.
1990: $3.2 trillion
1995: $4.9 trillion
2000: $5.6 trillion
2005: $7.9 trillion
2010: $13.5 trillion
2015: $18.1 trillion
2022: $31 trillion
Buy Bitcoin
, Bitcoin has $0 debt.
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Someone didn't want that video shared any longer..... hmmm. Hiding something?
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What a beautiful interior!
Animoca Brands Allowed Deadline Extension for Filing Results ❗️
in Topics
Posted
Metaverse and gaming-focused firm Animoca Brands has reportedly been allowed an extension to file its audited financial report for 2020, which was originally due to Australian regulators by the end of 2022. The new deadline is set to the end of the first quarter with subsequent years' accounts to be filed later in 2023.
Animoca's chief communications officer, Ibrahim El Mouelhy, stated
“We do not expect to miss our filing deadlines — as of right now we are on track for the schedule agreed upon with ASIC, our regulator with whom we are working closely.”
https://www.theblock.co/post/198445/animoca-brands-allowed-deadline-extension-for-filing-results