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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 the filing, the policies provide “priority of payment” to insured individuals such as Bankman-Fried. The […]
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud According to an announcement published by the U.S. Department of Justice (DOJ) on Mar. 15, Chinese billonaire Ho Wan Kwok (aka Miles Guo and more commonly as Guo Wengui), has been arrested […]
With so many struggling to maintain emotional well-being during this crypto winter, self-improvement and mental health experts can help navigate the ups, downs and soul-shattering experiences that a long-term bear market can bring. Mental health professional Elizabeth Sterbenz and wellness thought leader Srikumar Rao discuss with Magazine how to cope with the depreciation of crypto […]
A closely followed crypto trader is updating his outlook on XRP, a payment token project caught up in a federal lawsuit. Pseudonymous analyst Cantering Clark tells his 162,200 Twitter followers that XRP is likely to see a surge if it prevails in its lawsuit with the U.S. Securities and Exchange Commission (SEC). The SEC sued […]
Lark Davis, a self-described “cheeky” and “sarcastic” personality, has been actively involved in the world of cryptocurrency since 2017. With his bold price forecasts, educational content and witty memes, the popular influencer has amassed an impressive social media following, boasting over 1 million followers on both Twitter and Instagram. Although, if Davis’ Twitter and Instagram […]
Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partner and held some of Ripple’s cash balance. “Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD with a […]
Wash trading on nonfungible token (NFT) marketplaces is back in the spotlight after critics claimed the fast-growing NFT marketplace Blur has incentivized the practice with its trading rewards scheme. 10% of Blur’s total token supply was distributed to users based on their trading activity in its second token reward scheme from Feb. 14. The platform […]
Ad Bitcoin (BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available for use despite the closure of the bank. In a March 13 statement, the BTC said $142 million in cash deposits at the bank and has access to the funds for treasury purposes. Besides that, Marathon said it […]
Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite almost certainly knowing that it was illegal in almost all 50 states to bring automated assistance like this into a courtroom. DoNotPay bills itself as the “world’s first robot lawyer” whose goal is to […]
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon Valley Bank (SVB) was shut down by California’s financial watchdog on March 10 after announcing a significant sale of assets and stocks aimed at raising additional capital. The California watchdog appointed the Federal Deposit […]
