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
Tiffany Fong, who rose to fame after scoring some exclusive SBF post-meltdown interviews, has revealed some interesting information she’s been sitting on for quite some time.
Her leak, which can be read in full here, states she refrained from revealing this information to give other entities a fair shot at buying these assets. However, once a lawyer representing Celsius deemed the bids to be not a fit, Fong decided to release the info.
Bidders included Binance, online investment platform Bank To The Future, digital asset investment manager Galaxy Digital, crypto trading company Cumberland DRW and digital asset investment firm NovaWulf. Bank To The Future CEO confirmed the validity of this bid.
I can see the merit of some of these entities wanting to purchase the assets to hopefully allow Celsius victims to get their money back. However, please let’s let CeFi go away at this point. If Celsius withers away without giving repayment to their victims, then is a hard lesson learned. But giving a CeFi outfit another opportunity to do what so many others have done before it by giving such leverage, then we haven’t learned from our mistakes at all. Sure, these new players may have better plans, more security, promises that they won’t do what FTX, Celsius, BlockFi, Three Arrow, etc have done. In the end, CeFi has shown how much trust they deserve.
Written by: nikethereum.eth / Medium / Mirror
Tiffany Fong, who rose to fame after scoring some exclusive SBF post-meltdown interviews, has revealed some interesting information she’s been sitting on for quite some time.
Her leak, which can be read in full here, states she refrained from revealing this information to give other entities a fair shot at buying these assets. However, once a lawyer representing Celsius deemed the bids to be not a fit, Fong decided to release the info.
Bidders included Binance, online investment platform Bank To The Future, digital asset investment manager Galaxy Digital, crypto trading company Cumberland DRW and digital asset investment firm NovaWulf. Bank To The Future CEO confirmed the validity of this bid.
I can see the merit of some of these entities wanting to purchase the assets to hopefully allow Celsius victims to get their money back. However, please let’s let CeFi go away at this point. If Celsius withers away without giving repayment to their victims, then is a hard lesson learned. But giving a CeFi outfit another opportunity to do what so many others have done before it by giving such leverage, then we haven’t learned from our mistakes at all. Sure, these new players may have better plans, more security, promises that they won’t do what FTX, Celsius, BlockFi, Three Arrow, etc have done. In the end, CeFi has shown how much trust they deserve.
Written by: nikethereum.eth / Medium / Mirror
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