Cryptocurrency Analysis and News Portal
A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrison resigned last September partly because of a “protracted disagreement” with CEO Sam Bankman-Fried and members of his inner circle. Source
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A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors Developments emanating from the embattled SVB, after Mayopolous’ advice, have
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According to reports, Elon Musk and his legal team pleaded to a United States court this week to dismiss a $258b lawsuit filed against him. The complaint was launched by investors who complain that the billionaire ran a pyramid scheme to promote dogecoin, a cryptocurrency. The plaintiffs brought up Musk’s appearance on
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Tesla CEO Elon Musk appears set to visit China amid an increasingly frosty relationship between Beijing and Washington. Elon Musk reportedly plans to visit China in April to meet with the country’s Premier Li Qiang. However, inside sources explained that the timing of Musk’s visit remains subject to Li Qiang’s availability. The Elon
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Since his appointment, Sun has touted his credentials, styling himself "His Excellency" in interviews and on his social media accounts. Sun tweeted from his diplomatic Twitter account (@HEjustinsun) as recently as October, and, as of press time, he still maintained the "H.E." honorific on his personal Twitter account. He has
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National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan
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Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff over two months. The news was reported by The Wall Street Journal (WSJ) in a March 28 post, citing “people familiar
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Following his arrest in Montenegro while attempting to fly using fake documents, Terraform Labs co-founder Do Kwon will reportedly appeal the court’s decision to extend detention time for up to 30 days.A legal representative of Kwon confirmed the appeal against the Montenegrin court’s decision to detain the entrepreneur for longer
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The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses. Do Kwon, the co-founder of Terraform Labs has been reportedly arrested in Montenegro, months after he vanished after the implosion of Terra (LUNA) and its algorithmic stablecoin UST. The arrest
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Leading bank Goldman Sachs has deployed ChatGPT-like AI products for developers to experiment with code development. Goldman Sachs (NYSE: GS) is reportedly using in-house artificial intelligence (AI) to assist developers with writing code. A top executive at the New York-based banking giant revealed this to the public. According to Goldman Sachs chief
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