Sam Bankman-Fried wants to start a new business to repay FTX users and he’s going to try.
The former CEO of FTX says that he wants to start a new business and work to make up for the loss he has caused and will do whatever he can to do so and will take his new project plan to new dimensions. According to him, every new dawn comes after a dark night and he is sure that his new project plan will really work where many investors have faith in him.
Bahamian AG and PM announce arrest of Sam Bankman-Fried in the Bahamas
The country’s Attorney General Ryan Pinder reports that the former CEO of FTX has been arrested in the Bahamas and the declaration was approved on December 12, and according to him the arrest is formally covered by the extradition law of the USA and the Bahamas. This has happened after receiving the information in which SBF has been called a guilty and cheated person. All those convictions involve money laundering, loss of investors from the business and billions in the funding process.
Elon Musk plans to purge 1.5 billion inactive Twitter names, bitcoiners ask him to preserve Hal Finney’s account
The case for securing the Twitter account of Hal Finney, computer engineer and operator of bitcoin software, has intensified with people demanding his security and urging the new head of Twitter to somehow protect his Twitter account. The account should be given security and should not be deleted, which was due to the statement given by Musk, in which it was said that all the accounts which are inactive and no tweet has been done on them and without tweet for a year All of them are lying to be sacked from Twitter but through tweets everyone is urging Elon to stop this process.
Report: Alameda’s Caroline Ellison Retains Former SEC Enforcement Division Chief
Following a spotlight on former Alameda Research CEO Caroline Ellison, a report suggests that Ellison has hired WilmerHale partner Stephanie Avakian, an attorney who works with the US Securities and Exchange Commission . Leaked documents of the alleged margin position on Ellison’s side have come to light after the ex-Alameda executive reportedly appeared in the cafe.
Decentralised finance protocols are up more than 25% in DeFi shed as locked value since the collapse of FTX.
On December 12, 2022, the total value of decentralised finance blocks was capped at $41.67 billion today after falling 25.5% from $55.94 billion on November 5th. During the last 12 months, the TVL in DeFi has fallen by 82.56% from roughly $239 billion in December 2021 to today’s cool number. Binance Smart Chain (BSC) has the second largest TVL after December 12, with an estimated $4.99 billion or 12.04% of the total.
Biggest movers: SHIB slips to 20-day low, DOGE also falls
Shiba Inu was in red at the beginning of the week while on Monday its price fell to 20 days low and now it has moved down further for these 4 sessions and after the latest fall its price has recovered from a support point while Dogecoin is also down, hitting a low of the week.
Tron’s stablecoin USDD diverges from $1 peg, Justin Sun says team put in more capital
Tron-based USDD currency Monday, December 12, 2022 Once again it fell from $1 to a low of $0.969 amid a price drop, Tron founder Justin Sun tweets that his team is using more capital and the project is over 200.8% pledged at the time of writing.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower Ahead of US Inflation Data
Bitcoin’s initial price dropped below $17000 at the start of the week as markets prepared for economic projects and big announcements while US inflation data was released and is expected to drop to 7.3%. In which many believe that the Federal Reserve will have to end its growth policy and lower interest rates while Ethereum was also lower and is trading below $1,250 at the time of writing. The index is tracking at 48.60, and now seems to be moving further towards the bottom of 45.30 and remains above its 25-day blue counterpart even after a 10-day red move.
Crypto exchange Bybit fixed withdrawal limits to add restrictions for unverified users.
Crypto exchange Bybit has changed its KYC policies and under this it has been told that KYC policies will be applicable for all new users and definitely these policies will tell that without KYC you will not be able to transfer money and strict plans for customers. while stricter requirements pertain to coin purchases with fiat money, NFT transactions and withdrawal limits.
Fugitive Doo Kwon now resides in Serbia and has reportedly convicted Terraform Labs CEO for UST depag
CEO Doo Kwon is currently in Serbia and the South Korean government is reportedly with the Serbian government on the matter, Kwon has accused in the meantime with Sam Bankman-Fried and Alameda Research of accusing Terra’s once-stable. The coins became “depegged” by the UST.
