It was the third week of 2023, the third full week. winning streak It’s the third week of the ongoing quarrel over all major cryptocurrencies and between cryptocurrency exchange Gemini and its creditor Genesis. Not surprisingly, there was a lot of buzz on Crypto Twitter.
On Monday, National Geographic took its first steps in the world of NFTs by unveiling the Genesis collection, GM: Daybreak Around the World.Judgment by commentit wasn’t a terribly smooth casting process.
The next day, Maria Shen, an investor at crypto venture firm Electric Capital, shared key takeaways from the company’s fourth annual developer report. A top-line takeaway? The blockchain developer space continues to grow during and despite bear markets.
2/ TLDR: * Monthly developer count increased by 5% year-over-year, but prices fell by more than 70% * Over 23,000 developers every month * 471,000 code commits per month * 3.9k developers per month for DeFi * 61,000 new developers exposed to crypto code in 2022 * Some ecosystems outside @Ethereum We have over 500 developers and are growing through this bear market pic.twitter.com/vP9KykJGQs
Cryptocurrency prices fell briefly on Wednesday in anticipation of the US Department of Justice’s announcement on a “major international cryptocurrency action.” Binance CEO He even Changpeng Zhao frightenedbut it turned out to be about a little-known Chinese exchange called Bitzlato, prompting many meme and a lot hilarity on Twitter. Cryptocurrency prices recovered as soon as it became clear.
On that day, one lucky bitcoin miner in his humble operation won a sizable block reward.
German car giant Porsche announces mint prices for new cars 7,500 piece NFT collection Celebrate the iconic flagship sports car, the 911.
The iconic 911. Not just numbers, but legacy. Mint price of 0.911 ETH announced.
On Wednesday, Sam Bankman-Fried, the disgraced former CEO of FTX, is currently under house arrest after being charged with eight financial crimes in connection with the exchange’s collapse. claimed FTX Bankruptcy Team Wrong About FTX US Bankruptcy.
Bankman-Fried tweeted his latest Substack post, in which he said that FTX US is “solvent and probably has hundreds of millions of dollars in excess of customer balances.” Replies were turned off, but many people cited his SBF tweets to mimic his spreadsheets or remind him that he really shouldn’t be tweeting anymore.
bloomberg That day, crypto journalist Muyao Shen tweeted a handy flowchart connecting the key players at the top of FTX’s former empire.
The next day, SBF reacted to a bit of news from his successor, bankruptcy attorney John J. Ray III. Wray is credited with returning nearly $1 billion ($828.9 million) to Enron creditors after the energy company filed for the largest Chapter 11 bankruptcy in history in 2001, the company Enron Credits. was most famous as chairman of the corporation.
FTX’s collapsed native token FTT has also jumped on the news of a possible FTX reboot.
On Thursday, a crypto-loving lawyer tweeted: @MetaLawMan We shared 10 tweet threads highlighting the stark differences between John J. Ray III’s FTX and Enron’s bankruptcy process.
8/ In his testimony and affidavit, Mr. Ray vividly describes a true pageant of red flags on FTX that no good lawyer could have overlooked.
Still, Mr. Ray does not intend to hold these attorneys liable for damages, as he did at Enron.
It’s the third week of the feud that began with beginning of the year When news surfaced that cryptocurrency lender Genesis owed users of Gemini Earn products $900 million.
Gemini exchange co-founder Cameron Winklevoss and Digital Currency Group (DCG) chief Barry Silbert, who outright owns Genesis, have once again locked their horns against it. bottom. last weekprior to filing involving the U.S. Securities and Exchange Commission (SEC) set of fees Earn opposes both Gemini and Genesis, which they claim are unlicensed securities.
There were reports on Wednesday that Genesis is preparing to file for bankruptcy.
update: @ Genesis Trading Prepare Ch. 11 Bankruptcy filing. The announcement will be at the beginning of next week (probably this weekend) at the latest.
**DCG is doing everything possible to protect the DCG brand name, even if it means sacrificing portfolio companies and their creditors.
Cryptocurrency exchange Cumberland, which operates under TradFi exchange DRW, announced Friday that it has no contact with Genesis.
Today’s Genesis bankruptcy filing reflects misleading and inaccurate information, and as part of our commitment to transparency, we are providing more detailed information. pic.twitter.com/FbXlQRAsoE
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