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Top Stories This Week Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees Sam Bankman-Fried (SBF) is seeking to use FTX’s corporate insurance policies to cover his legal expenses, according to a court filing on March 15. As per
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Sam Bankman-Fried is seeking to use FTX's insurance policies to cover his legal expenses, according to a court filing on March 15. The former FTX CEO's legal counsel requested in a motion to permit insurers to advance or reimburse his defense costs and fees under directors and officers (D&O) insurance policies
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"We will continue to use every tool we can to maximize recoveries for FTX customers and creditors,” said John J. Ray III, CEO and Chief Restructuring Officer of the FTX Debtors, in a statement. “Our goal is to unlock value that we believe is currently being suppressed by Grayscale's self-dealing
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Wallet startup Giddy has a new "autogas" feature for easy onboarding into Polygon. Source
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StaFi's move to slash commission fees comes in the run up to the Ethereum Shanghai Upgrade, a network upgrade that encompasses a collection of improvement proposals, including one to allow investors to collect their staked, or locked-up, ether. The upgrade, which is slated for March, is expected to boost the
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In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a
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The recent move in all-time weekly fees follows Coinbase’s announcement last week launching BASE, another layer two network built using Optimism tech, which has sparked interest in Optimism’s ecosystem. The price of Velodrome’s native token VELO, which has a market capitalization of roughly $62 million, has soared 84.3% in the
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Solana suffered multiple well-documented (and excoriated) network outages in 2022 and 2021, some of which were driven by bots pummeling one corner of the blockchain simultaneously. In one such outage, in September 2021, bots crowded a token sale on exchange Raydium with more transactions than Solana could handle. Solana basically
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In this week’s newsletter, read about how eBay’s nonfungible token (NFT) platform launched a new creator smart contract. Learn how OpenSea plans to win back its users from its competitor, Blur, and check out why Yuga Labs was accused of intellectual property (IP) theft over the wolf skull logo. In
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The largest marketplace for non-fungible tokens (NFTs), Opensea, has announced major changes to its fee structure and policies in response to a shift in the NFT ecosystem. The company detailed that it will drop fees to zero for a limited time and offer an optional creator earnings model with a
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