This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
With all the crazy stories swirling around about FTX employee extravagances and ignorances about how the empire was being run, it looks like (maybe) one employee didn’t like what he was seeing. Ex Co-CEO of FTX Digital Markets, Ryan Salame, tipped off Bahamaian regulators of potential fraud by sending customer funds to sister trading firm, Alameda Research, just two days before FTX’s inevitable demise. There were three individuals he called out specifically for having this kind of access: SBF, FTX co-founder Zixiao “Gary” Wang, and FTX engineer Nishad Singh. However, based on his last public Tweet, he looks as to be laughing off Binance’s initial declaration of wrongdoing at FTX:
https://twitter.com/rsalame7926/status/1589617343222939648
This guy totally saw the end coming and did what he could to make it seem like he was fighting the good fight against corruption. It will be interesting to see what he might have done behind the FTX scenes prior to his realization that the company is going to crumble around him…
Written by: nikethereum.eth / Medium / Mirror
With all the crazy stories swirling around about FTX employee extravagances and ignorances about how the empire was being run, it looks like (maybe) one employee didn’t like what he was seeing. Ex Co-CEO of FTX Digital Markets, Ryan Salame, tipped off Bahamaian regulators of potential fraud by sending customer funds to sister trading firm, Alameda Research, just two days before FTX’s inevitable demise. There were three individuals he called out specifically for having this kind of access: SBF, FTX co-founder Zixiao “Gary” Wang, and FTX engineer Nishad Singh. However, based on his last public Tweet, he looks as to be laughing off Binance’s initial declaration of wrongdoing at FTX:
https://twitter.com/rsalame7926/status/1589617343222939648
This guy totally saw the end coming and did what he could to make it seem like he was fighting the good fight against corruption. It will be interesting to see what he might have done behind the FTX scenes prior to his realization that the company is going to crumble around him…
Written by: nikethereum.eth / Medium / Mirror
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