MP requests to attend congressional hearing on FTX with Sam Bankman-Fried but SBF in his response says he will testify when ready
Congresswoman Maxine Waters, Chair of the House Committee on Financial Services, humbly urges the former CEO of FTX to attend the December 13 hearing and share his thoughts and comments with the world and his earnings In order to gauge his point of view, he says that your testimony will act as a live action for investors, while the former CEO says that he will testify as he wishes and may be present for testimony on December 13. Will remain but there is no clear stance yet.
Court in China recognizes NFTs as virtual assets protected by law
The court in the Chinese city of Hangzhou rules that NFTs represent a virtual asset protected by law in the People’s Republic and the ruling comes as a dispute arose over a customer and Chopan hired to sell the collection. Now we can see that the contract does not violate the law of the land nor violates the actual policy and ideal to reduce the financial risk and should be fixed by law.
Wikipedia editors listed FTX’s suspicious blunder as the highest trading loss of all time.
Following the FTX collapse in early November, two top executives at Alameda Research—Sam Bankman Fried and Carolyn Ellison—were named on Wikipedia’s list of the world’s best loss-making traders, and according to the page, both are worth US$51 billion. 500,000 reported trading losses, which tops the case as the highest amount of money lost. Where as they termed this loss as the biggest loss as the collapse of FTX which affected most of the industry and crypto business across the world and investors lost their investments.
Barcelona and Argentina legend Mascherano joins Alchemy Pay as brand ambassador
Barcelona and Argentina football legend, Javier Mascherano has literate Alchemy Pay, a leading fiat crypto payment gateway, and made an announcement on social media that he has officially joined hands with Alchemy Pay, promoting its payments and other services. and will work closely with Alchemy Pay on NFT launching. Where as Alchemy Pay has become a leading payment service center that has opened the crypto payment gateway industry to mainstream customers in 18 months and is accepting transactions under fiat currency.
Coinbase CEO Blames Sam Bankman-Fried for $8 Billion of FTX on ‘Accounting Error’
Former FTX CEO has been reprimanded by Nasdaq-listed cryptocurrency exchange Coinbase chief executive Brian Armstrong after he claimed $8 billion of FTX is missing due to an accounting error and insisted it was for clients used in his hedge fund. money is stolen by them and they say they don’t care if their accounting is messed up but are definitely going to notice that if you get an extra 8 billion dollars to spend it’s yours There is a trick.