After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX. Chipper Cash has also reportedly laid off 50 employees as it seeks […]
In text that NY Times claims to have obtained, CZ apparently told SBF to stop what he was doing on 10th Nov 2022, right when FTX had just failed. Earlier, CZ had suggested they will buy FTX before back tracking on the offer after seeing the state of FTX's finances. Post the failed attempt at…
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The anonymous informant revealed that DOJ officials met with FTX’s court-appointed overseers to discuss the scope of the information they need for further investigation.
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over 1,000 euros ($1,055). European Union […]
I once was worth about $500K and am down to $900 liquid cash and $65K+ in loans plus taxes (i dont even wanna know how much lol). I don't have a job and have a hard time working for others as I've always been entreprenuerial and never needed to, and it's hard to get used…
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https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block Exclusive: SBF secretly funded crypto news site. The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled to The Block's CEO from the disgraced Sam Bankman-Fried's cryptocurrency trading firm, sources told Axios. Why it matters: The payments, which employees of The…
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The government of Argentina has designated a national blockchain committee in order to establish the directives for a state-level blockchain adoption strategy. In a document, Argentina remarks on the importance of this tech for the future and presents several use cases that would benefit from the introduction of blockchain for the digital transformation of the […]
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations.
