🔥Is Alameda Research Insolvent?
The hedge fund's finances appear to rest on the same scheme that destroyed Celsius Network. Will it work out any different for Sam Bankman-Fried?
On November 2nd, a report from Coindesk shared some critical financial details from Alameda Research, the crypto hedge fund controlled by crypto mogul Sam Bankman-Fried (“SBF”). Coindesk reported that they had obtained a copy of the hedge fund’s Q2 balance sheet. According to their reporting, the company’s balance sheet is comprised.
Bulk network
https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent
The hedge fund's finances appear to rest on the same scheme that destroyed Celsius Network. Will it work out any different for Sam Bankman-Fried?
On November 2nd, a report from Coindesk shared some critical financial details from Alameda Research, the crypto hedge fund controlled by crypto mogul Sam Bankman-Fried (“SBF”). Coindesk reported that they had obtained a copy of the hedge fund’s Q2 balance sheet. According to their reporting, the company’s balance sheet is comprised.
Bulk network
https://dirtybubblemedia.substack.com/p/is-alameda-research-insolvent
📊Comparison of BTC 2018 vs 2022 charts.
Do you think there is a difference?
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https://social.wubits.io/wubits/home/63669f661fe44a5045654cb9
Do you think there is a difference?
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https://social.wubits.io/wubits/home/63669f661fe44a5045654cb9
☎️Helium Network and Solana Team Up on Crypto Mobile 5G Service
Helium Mobile, a project of Helium developer Nova Labs, is announcing a partnership today with Solana Mobile. The collaboration between the popular blockchain networks will bring Helium’s mobile 5G network to Solana’s recently released Android phone, the Saga.
Using Helium 5G, Saga users will be able to connect to the internet from 6,300 active hotspot cells across the U.S. These cells, deployed and operated by other Helium users, will generate token rewards for owners each time a Saga user connects their phone to their hot spots. The program will provide Saga users with free 30-day trials of the network when the partnership takes effect.
Users can preorder the Saga on the Solana Mobile website for a $100 down payment. The phones are expected to ship in early 2023 when the partnership with Helium will officially begin.
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Helium Mobile, a project of Helium developer Nova Labs, is announcing a partnership today with Solana Mobile. The collaboration between the popular blockchain networks will bring Helium’s mobile 5G network to Solana’s recently released Android phone, the Saga.
Using Helium 5G, Saga users will be able to connect to the internet from 6,300 active hotspot cells across the U.S. These cells, deployed and operated by other Helium users, will generate token rewards for owners each time a Saga user connects their phone to their hot spots. The program will provide Saga users with free 30-day trials of the network when the partnership takes effect.
Users can preorder the Saga on the Solana Mobile website for a $100 down payment. The phones are expected to ship in early 2023 when the partnership with Helium will officially begin.
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🔻 The number of people who stake $SOL is declining
https://solanacompass.com/validators/change?epoch=370
https://solanacompass.com/validators/change?epoch=370
👀Sam just posted his official "sorry" on Twitter :
https://twitter.com/sbf_ftx/status/1590709166515310593?s=46&t=pRNb-EavVIcRLfqUTiYsKg
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https://twitter.com/sbf_ftx/status/1590709166515310593?s=46&t=pRNb-EavVIcRLfqUTiYsKg
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Twitter
1) I'm sorry. That's the biggest thing.
I fucked up, and should have done better.
I fucked up, and should have done better.
❌Crypto providers would be forbidden from touching the likes of monero or dash under proposed government amendments to anti-money laundering rules.
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk.
The Anti-Money Laundering Regulation was proposed in July 2021 by the European Commission as part of a package that would also forbid large cash transactions and create a new anti-money laundering agency, AMLA, to vet practices at large financial institutions.
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https://www.coindesk.com/policy/2022/11/15/privacy-enhancing-crypto-coins-could-be-banned-under-leaked-eu-plans/
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk.
The Anti-Money Laundering Regulation was proposed in July 2021 by the European Commission as part of a package that would also forbid large cash transactions and create a new anti-money laundering agency, AMLA, to vet practices at large financial institutions.
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https://www.coindesk.com/policy/2022/11/15/privacy-enhancing-crypto-coins-could-be-banned-under-leaked-eu-plans/
💸Aptos launches its own dollar-backed stablecoin ArgoUSD (USDA)
USDA is a dollar-pegged stablecoin backed by yield tokens deposited with Argo. USDA is valued at $1 when used for borrowing and repaying on Argo. USDA can be used like any other stablecoin
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https://twitter.com/ArgoUSD
USDA is a dollar-pegged stablecoin backed by yield tokens deposited with Argo. USDA is valued at $1 when used for borrowing and repaying on Argo. USDA can be used like any other stablecoin
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https://twitter.com/ArgoUSD
👀Someone paid over $500,000 for
‘DOGE’ username on Telegram
Among the 10 most expensive Telegram usernames sold on Fragment, one stands out for a particular reason – it is the only one related to the cryptocurrency sector, and it is one of Tesla (NASDAQ: TSLA) CEO Elon Musk’s favorite coins – the meme token Dogecoin (DOGE).
Indeed, the username @doge was sold on November 9 for 350,000 Toncoin (TON), which roughly equals to $546,000, making it the eighth most expensive Telegram username ever sold on the auction platform Fragment since its foundation, according to the data retrieved on November
This price is higher than the one reached by the likes of @alfa, @cash, @amazon, @adidas, @gold, @armani, @dior, or @elon. Topping the list as the most expensive Telegram username is @auto, which reached the price of 900,000 TON or around $1.43 million
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‘DOGE’ username on Telegram
Among the 10 most expensive Telegram usernames sold on Fragment, one stands out for a particular reason – it is the only one related to the cryptocurrency sector, and it is one of Tesla (NASDAQ: TSLA) CEO Elon Musk’s favorite coins – the meme token Dogecoin (DOGE).
Indeed, the username @doge was sold on November 9 for 350,000 Toncoin (TON), which roughly equals to $546,000, making it the eighth most expensive Telegram username ever sold on the auction platform Fragment since its foundation, according to the data retrieved on November
This price is higher than the one reached by the likes of @alfa, @cash, @amazon, @adidas, @gold, @armani, @dior, or @elon. Topping the list as the most expensive Telegram username is @auto, which reached the price of 900,000 TON or around $1.43 million
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❌Binance Suspended deposits of USDC (SOL) & USDT (SOL) tokens
Deposits of USDC (SOL) and USDT (SOL) have been temporarily suspended until further notice.
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https://www.binance.com/en/support/announcement/deposits-of-usdc-sol-usdt-sol-token-suspended-ed279c11471b4c118c3fe9962eb12dc9
Deposits of USDC (SOL) and USDT (SOL) have been temporarily suspended until further notice.
Bulk news
https://www.binance.com/en/support/announcement/deposits-of-usdc-sol-usdt-sol-token-suspended-ed279c11471b4c118c3fe9962eb12dc9
👀Surf Wallet, the first community-based wallet launched on Sui blockchain
Surf Wallet launched a Chrome extension this week. People interested in Sui blockchain and who want to explore the web3 world are welcome to experience Surf Wallet.
“Today marks a milestone for not just Surf but the Sui ecosystem, as we push forth the notion of true decentralization and uphold the values of community and ownership through our MPC wallet cryptography,” said Dr. Daniel Lee, Core Contributor of Surf Wallet.
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https://www.globenewswire.com/news-release/2022/11/18/2558864/0/en/Surf-Wallet-the-first-community-based-wallet-launched-on-Sui-blockchain.html
Surf Wallet launched a Chrome extension this week. People interested in Sui blockchain and who want to explore the web3 world are welcome to experience Surf Wallet.
“Today marks a milestone for not just Surf but the Sui ecosystem, as we push forth the notion of true decentralization and uphold the values of community and ownership through our MPC wallet cryptography,” said Dr. Daniel Lee, Core Contributor of Surf Wallet.
Bulk news
https://www.globenewswire.com/news-release/2022/11/18/2558864/0/en/Surf-Wallet-the-first-community-based-wallet-launched-on-Sui-blockchain.html
💰Cardano-Based Regulated Stablecoin USDA Will Hit the Market in Early 2023
USDA will be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem.
“The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future for our community,” wrote Emurgo Fintech Managing Director Vineeth Bhuvanagiri
Bulk news
https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/
USDA will be the first fully fiat-backed, regulatory-compliant stablecoin in the Cardano ecosystem.
“The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future for our community,” wrote Emurgo Fintech Managing Director Vineeth Bhuvanagiri
Bulk news
https://www.coindesk.com/tech/2022/11/18/cardano-based-regulated-stablecoin-usda-will-hit-the-market-in-early-2023/
Media is too big
VIEW IN TELEGRAM
❄️Ethereum’s Vitalik Buterin Gives Advice on Navigating Crypto Winter
During a recent interview with Sumiko Tan, executive editor of The Straits Times, Ethereum co-founder Vitalik Buterin advised cryptocurrency market participants to invest in “simpler stuff.” The Canadian programmer urged cryptocurrency investors not to trust “individual hotshots.” Buterin claims that he doesn’t track the price of Ether very closely. He adds that he doesn’t speculate on crypto since he prefers to “buy and hold things.”
When asked about whether or not Buterin is concerned about Ethereum being potentially used for nefarious purposes, the Canadian programmer replied that there have been multiple decentralized finance (DeFi) hacks. At the same time, he praised the Ethereum community for being good at supporting good things and opposing bad things.
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During a recent interview with Sumiko Tan, executive editor of The Straits Times, Ethereum co-founder Vitalik Buterin advised cryptocurrency market participants to invest in “simpler stuff.” The Canadian programmer urged cryptocurrency investors not to trust “individual hotshots.” Buterin claims that he doesn’t track the price of Ether very closely. He adds that he doesn’t speculate on crypto since he prefers to “buy and hold things.”
When asked about whether or not Buterin is concerned about Ethereum being potentially used for nefarious purposes, the Canadian programmer replied that there have been multiple decentralized finance (DeFi) hacks. At the same time, he praised the Ethereum community for being good at supporting good things and opposing bad things.
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📉🩸Commpound: BTC's fall in this cycle has been going on for 364 days = the second longest drop from highs ever.
BTC fell longer only during the 2013-2015 bear market - 410 days.
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BTC fell longer only during the 2013-2015 bear market - 410 days.
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💰Bitcoin Fund Pantera Buys $137 Million of BTC
Bitcoin fund Pantera bought $137 million worth of Bitcoin, according to a statement from its chief operating officer Matthew Gorham. The large purchase involved 141 accredited investors with a minimum investment of $50,000 each. Previously, the minimum investment threshold was $100,000. Lowering the bar makes the purchase acceptable to a wider range of investors.
This is the fund's first major purchase in quite some time as the bearish decline in the crypto market continues
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https://www.tesmanian.com/blogs/tesmanian-blog/bitcoin-fund-pantera-buys-137-million-in-btc
Bitcoin fund Pantera bought $137 million worth of Bitcoin, according to a statement from its chief operating officer Matthew Gorham. The large purchase involved 141 accredited investors with a minimum investment of $50,000 each. Previously, the minimum investment threshold was $100,000. Lowering the bar makes the purchase acceptable to a wider range of investors.
This is the fund's first major purchase in quite some time as the bearish decline in the crypto market continues
Bulk news
https://www.tesmanian.com/blogs/tesmanian-blog/bitcoin-fund-pantera-buys-137-million-in-btc
👀Ethereum's Vitalik Buterin: "Something Important Is About to Happen"
Buterin tweeted that he had heard "through the grapevine" that "something important" was about to happen without going into detail. "Please recognize the fact that my elite social connections to people who are early to know things make me cool, and please help me validate my self-image of coolness," the Canadian programmer added.
Buterin's veiled warning comes after a doom-laden tweet posted by prominent venture capitalist Paul Graham, in which the latter said that the cryptocurrency economy was about to experience "a systemic risk" based on information that he had heard from a trustworthy person. "I don't know anything concrete, but if I were exposed, I would be concerned," he said.
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Buterin tweeted that he had heard "through the grapevine" that "something important" was about to happen without going into detail. "Please recognize the fact that my elite social connections to people who are early to know things make me cool, and please help me validate my self-image of coolness," the Canadian programmer added.
Buterin's veiled warning comes after a doom-laden tweet posted by prominent venture capitalist Paul Graham, in which the latter said that the cryptocurrency economy was about to experience "a systemic risk" based on information that he had heard from a trustworthy person. "I don't know anything concrete, but if I were exposed, I would be concerned," he said.
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🦄Uniswap's new privacy policy says it collects data tied to user wallets
Uniswap, the largest Ethereum decentralized exchange, published a new privacy policy to provide transparency on the data it collects. The privacy policy states that the DEX collects certain on-chain and off-chain data connected to users’ crypto wallets.
The privacy policy notes that the decentralized exchange and other “third-party services providers” may gather data related to users' mobile deviceID, cookies, information from localStorage, operating system, device or browser language. Such information can be used to remember which tokens users have imported, as well as learn their preferences and interactions, Uniswap said.
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Uniswap, the largest Ethereum decentralized exchange, published a new privacy policy to provide transparency on the data it collects. The privacy policy states that the DEX collects certain on-chain and off-chain data connected to users’ crypto wallets.
The privacy policy notes that the decentralized exchange and other “third-party services providers” may gather data related to users' mobile deviceID, cookies, information from localStorage, operating system, device or browser language. Such information can be used to remember which tokens users have imported, as well as learn their preferences and interactions, Uniswap said.
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👨💻Microsoft Warns of Rise in Stolen Cloud Tokens Used to Bypass MFA
Threat actors are stealing authentication tokens already verified by multifactor authentication (MFA) to breach organizations' systems.
A new alert from Microsoft Detection and Response Team (DART), said token theft for MFA bypass is particularly dangerous because it requires little technical expertise to pull off, it's tough to detect, and most organizations haven't considered token theft as part of their incident response plan. And as employees increasingly access systems through personal devices, security controls are weaker and malicious activity is hidden from the security team's view.
"As far as mitigations go, publicly available open-source tools for exploiting token theft already exist, and commodity credential theft malware has already been adapted to include this technique in their arsenal," DART added in its blog post about the MFA workaround.
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Threat actors are stealing authentication tokens already verified by multifactor authentication (MFA) to breach organizations' systems.
A new alert from Microsoft Detection and Response Team (DART), said token theft for MFA bypass is particularly dangerous because it requires little technical expertise to pull off, it's tough to detect, and most organizations haven't considered token theft as part of their incident response plan. And as employees increasingly access systems through personal devices, security controls are weaker and malicious activity is hidden from the security team's view.
"As far as mitigations go, publicly available open-source tools for exploiting token theft already exist, and commodity credential theft malware has already been adapted to include this technique in their arsenal," DART added in its blog post about the MFA workaround.
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💥Bankman-Fried's FTX, parents bought Bahamas property worth $121 million
Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company.
The documents for another home with beach access in Old Fort Bay -- a gated community that was once home to a British colonial fort built in the 1700s to protect against pirates -- show Bankman-Fried's parents, Stanford University law professors Joseph Bankman and Barbara Fried
FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.
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Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show.
Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million. The deeds show these properties, bought by a unit of FTX, were to be used as "residence for key personnel" of the company.
The documents for another home with beach access in Old Fort Bay -- a gated community that was once home to a British colonial fort built in the 1700s to protect against pirates -- show Bankman-Fried's parents, Stanford University law professors Joseph Bankman and Barbara Fried
FTX Property Holdings Ltd, an FTX unit, bought 15 properties worth nearly $100 million in 2021 and 2022.
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