November 11, 2022       /       Unchained Day-to-day       /       Laura Shin

What’s Poppin’?

Searching for $9 Billion, Bankman-Fried Apologizes as Insider Shrimp print Emerge

by Juan Aranovich

Sam Bankman-Fried is reportedly searching for over $9 billion, while workers command a chaotic atmosphere.

The Bahamas Loophole: FTX Customers Aquire KYC Accounts to Withdraw Crypto

by Samyuktha Sriram

Some FTX users are paying Bahamas residents for their accounts and withdrawing funds from the commerce.

BlockFi Halts Withdrawals Amid FTX Disaster

by Samyuktha Sriram

Crypto lender BlockFi has stopped withdrawals on the platform, elevating questions about the separation of FTX.US from the offshore entity.

FTX US Says Shopping and selling Would per chance perchance merely Be Halted

by Samyuktha Sriram

FTX US warned that shopping and selling might per chance well well be halted within the following couple of days and requested traders to conclude positions as they behold fit.

Bahamas Securities Commission Freezes FTX Resources: Document

by Samyuktha Sriram

The Bahamas Securities Commission has allegedly frozen FTX’s sources and suspended all powers of directors of the corporate.

Tether Freezes $46M of FTX’s USDT on Tron

by Samyuktha Sriram

Tether has frozen millions of USDT belonging to an FTX pockets on the Tron blockchain.

In Other Recordsdata… ✍️✍️✍️

• Tron DAO presented a aquire uncover of over $1 billion of Tether’s USDT amid de-pegging fears.
• October’s inflation came decrease than expected and crypto costs rocketed.
• The Grayscale Bitcoin Fund (GBTC) hit a sage-low 40% cut price.
• OpenSea presented this is able to well continue to avoid wasting in pressure creator royalties on its platform.
• Qenta, an organization that makes employ of blockchain know-how to tracks treasured metals, is going public following a merger with SPAC Blockchain Coinvestors Acquisition Corp.
• Coinbase said this is able to well lay off more than 60 workers that work on onboarding and recruiting to “operate as successfully as conceivable.”
• DFX Finance, a Polgyon-primarily based decentralized commerce protocol for fiat-pegged stablecoins, became hacked for $7.5 million in sources.

As of late in Crypto Adoption…

• Layer 1 blockchain Aptos partnered with Google Cloud, which is prepared to validate nodes within the Aptos mainnet.

The $$$ Corner…

• Cathie Wood’s ARK Investment Administration ETF bought 237,675 more shares in crypto commerce Coinbase (COIN).

What Attain You Meme?

Urged Reads

1. Sander Lutz on the SEC going after exchanges
2. Ishan B on how he predicted FTX would fall
3. Can Gurel on a fresh capacity to algorithmic stablecoins

On The Pod…

Erik Voorhees, founding father of ShapeShift, and Jordan Fish, aka Cobie, crypto investor and host of UpOnly, discuss the cave in of FTX. Indicate highlights:

• the hyperlinks between FTX and Alameda and what kickstarted the blowup of FTX
• why Erik and Cobie specialize in that Bankman-Fried’s behavior became “sociopathic”
• why the $10 billion gap is so surprising to Cobie brooding about the advantages that FTX had as an organization
• whether this would accumulate ever came about if the costs hadn’t plummeted within the undergo market
• why Erik believes that SBF’s donations to each and each political parties are bribery
• the likelihood that this is able to well consequence in legal expenses
• how blockchain know-how is the resolution to the misfortune of centralized exchanges doing issues at nighttime
• Erik’s response to Bitcoin maximalists who yell FTX became precipitated by altcoins
• how astronomical the contagion shall be within the enterprise
• Erik’s message to regulators and whether SBF became aligned with the values and the ethos of crypto

E book Update

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