“You’re a Fraud”: How CME Chief Terry Duffy Called Out SBF in March

Terry Duffy – CEO of CME Group – says he was never fooled by the praise surrounding former FTX chief Sam Bankman-Fried.  In a recent interview, the CEO revealed that he called Bankman-Fried (SBF) a fraud to his face during an in-person meeting in March.  Detecting the Fraud During an interview with CNBC’s On The Tape podcast last week, Duffy recounted his encounter with SBF 7 months ago. Meeting for the first time, SBF told Duffy that his goal was…

Alameda Allays BitDAO’s Fears of 100M BIT Token Dump

In response to a request from BitDAO, principal trading firm Alameda Research has provided proof of funds. The DAO called for it on Tuesday due to concerns that Alameda may have had a hand in the BIT token’s unexpected plunge. This is the latest development in an ongoing debacle the Sam Bankman-Fried-led firm appears involved in.  Alameda and BitDAO Swap Agreement In November last year, BitDAO and Alameda entered an agreement that saw them exchange 100M BIT tokens and 3362315…

Volt Inu (VOLT) Makes Another Move on the Successful Path of SHIB

It is always nice to see new projects taking inspiration from successful ones in crypto. We have seen it many times before, and it is happening again with Volt Inu (VOLT). The project is following in the footsteps of SHIB, which has been highly successful. The team behind Volt Inu (VOLT) announced multiple listings of the token over the recent months. The listing of the project on Gate.io and Bittrex Global are the most recent ones. Gate.io - Effects on…

The Merge: Risks That Ethereum Developers Don’t Want You to Know

The Ethereum community – and market – have reached a fever pitch in anticipation of the long-awaited “Merge” update in September.  However, despite the tremendous excitement surrounding the event, there are critics who would hardly call it an “upgrade.” Among them is James Check – the lead on-chain analyst for Glassnode, a blockchain intelligence provider.  On August 7, the analyst unveiled a video presentation calling the protocol change a “monumental blunder”. He outlined how the merge will create systemic risks…

BlockFi CEO Demands Not to be Compared to Celsius and Voyager

Zac Prince – CEO of crypto lending platform BlockFi – wants people to stop comparing his company to other embattled crypto firms. He claims there is a qualitative distinction between the magnitude of BlockFi’s troubles compared to Celsius or Voyager’s. In a tweet on Monday, Prince called on journalists and commentators to quit “putting BlockFi in the same bucket” as Celsius or Voyager. "Two months ago we looked the ‘same’,” he said. “They shut down and have impending losses for…

The Worst of the Crypto Crash is Probably Over: SBF

FTX CEO Sam Bankman-Fried (SBF) predicted on Monday that the worst has likely passed from the crypto industry’s latest financial meltdown. Should things get worse, SBF assured the community he still has “a few billion” dollars to support struggling firms. Speaking with Reuters, the FTX CEO said that there are still companies reaching out to his exchange asking for financial support. However, none save a few small exchanges are facing life or death scenarios. SBF’s firms have already dedicated hundreds…

Millennials Consider Crypto as a Possible Retirement Plan, Study Says

A recent poll observes the prevalence of crypto among US residents above 18 years.   As technology continues to shape the future as we see it, it appears that millennials are putting their best foot forward in alignment with technological development. French company Alto Invest recently explored prevalent investment practices of persons aged 18 years and above. While most respondents expressed a desire for real estate investment, several others considered crypto a bargain for the future. Alto Invest’s findings concluded…

Three Arrows Capital (3AC) is Considering Asset Sales and Bailout Options, Confirms Co-Founder

The crypto venture capital firm Three Arrows Capital has now confessed that it’s in deep financial trouble. It is considering selling its assets or getting a bailout by a larger company to stay afloat. Desperate Times for 3AC As reported by the Wall Street Journal, company co-founders Su Zhu and Kyle Davies have confirmed such bailout considerations. They are both speaking with legal and financial advisors to develop a solution for the investors and lenders they owe. Their troubles are…

Vitalik Buterin Doubts That Crypto Will Take Over the World

Ethereum co-founder Vitalik Buterin recently showed doubt that cryptocurrencies will replace traditional currencies on the world stage. He does, however, believe cryptos can co-exist as an alternative asset class. Assets, Not Currencies As reported by Reuters, Vitalik made his comments at the VivaTech conference in Paris. “I do not expect cryptocurrencies to take over the world,” he said. “It’s about cryptos and digital and governments.” [caption id="" align="aligncenter" width="2880"] Vitalik Buterin. Source: Fortune[/caption] As originally conceived, Bitcoin was created as…

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