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Crypto exchange Gemini took to Twitter on March 8 to deny rumors about terminating its banking relationship with United States financial conglomerate JPMorgan. In a brief and straightforward message, Gemini stated that "despite reporting to the contrary, Gemini's banking relationship remains intact with JPMorgan."The comments came in response to a previous
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The FTX saga and the developments that led to the crypto exchange's collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao.According to The Hollywood Reporter, the production is a partnership between media outlet
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Brett Harrison recently took aim at the dictatorial and bossy nature exhibited by SBF during his time as FTX US President. Former president of FTX US, Brett Harrison, recently detailed his experience working closely with disgraced ex-FTX CEO Sam Bankman-Fried (SBF). Describing SBF as emotionally volatile, amongst other things, in a 49-tweet Twitter thread, Harrison
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The former president of FTX US, Brett Harrison, published a 49-part Twitter thread explaining why he left the firm and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX. Before his role at FTX US, Harrison worked with SBF at Jane Street and prior to joining FTX, he worked for
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Distributed AI projects like SingularityNET offer a vision of the future far preferable to Silicon Valley's corporate authoritarianism. Source
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According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply has been reduced by more than $5 billion, going from $21.84 billion to its current
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Cryptocurrencies and blockchain are the building blocks of Web3. However, the decentralized web also relies on technologies like AR, VR, IoT and others unrelated to blockchain or digital currencies. The third generation of the internet, known as Web3, is based on blockchain technology. However, technologies like machine learning, big
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After discovering that ten holding firms associated with FTX Digital and Alameda Research invested roughly $5.4 billion into nearly 500 firms and projects, people have been curious about a few specific investments. One specific investment made by FTX Ventures Ltd. was for $25 million into the Ohio-based firm 80 Acres,
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Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout.CZ opened up on the events that nearly saw Binance come to the rescue of its ailing industry competitor as a credit crunch sent
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In July, the lender asserted several “technical events of default,” which led to taking control of Compute North assets. Generate Capital exercised its voting rights to take over Compute North subsidiary that owned the two bitcoin mining sites the two firms were developing. That included the Wolf Hollow site in
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