Year: 2023

‘The war room was despondent’ — Scaramucci recounts FTX collapse at Consensus

Tom Blackstone

On April 27, SkyBridge Capital founder Anthony Scaramucci revealed what the final days of FTX were like, claiming that most employees of the failed crypto exchange probably didn’t know what its executives were doing behind closed doors until it was too late. In a panel discussion called “FTX: What Happened?” at Consensus 2023, Scaramucci gave a detailed narrative of what happened from his perspective. The SkyBridge founder said he remembers hearing that FTX CEO Sam Bankman-Fried had commented negatively about Binance CEO Changpeng “CZ” Zhao. Scaramucci claimed that CZ responded…

California approves blockchain-based digital wallet for gov’t services

Savannah Fortis

The county of Santa Cruz in northern California is one of the latest to adopt and implement the usage of blockchain-based solutions on a governmental level.  In a meeting of the Board of Supervisors for the County of Santa Cruz held on April 25, the members unanimously decided to go forward with implementing the usage of digital wallets, for government services and official documentation purposes. According to the final consensus of the meeting, the white-label digital wallet powered by HUMBL will launch a 3-stage pilot program starting in July 2023.…

Sustainable Bitcoin Protocol and Crypto Miner Crusoe Energy Piloting a Waste Gas Methodology

Eliza Gkritsi

Ensuring that this gas would otherwise be flared, adding onto greenhouse gases, is key to the methodology. SBP wants to “ensure that using this waste gas is not perpetuating the problem,” whilst “recognizing that oil and gas will be used for many years to come,” said Brad van Voorhees, co-founder and CEO of SBP. “When done responsibly, utilizing this waste gas is actually really the ideal sort of energy transition process,” he said. Author: Eliza Gkritsi Source link

Blockchain features on WEF whitepaper as a tool to fight climate change

Ezra Reguerra

The World Economic Forum (WEF) has recently published a white paper that explains how blockchains are able to provide the needed infrastructure to fight against climate change “at speed and scale.”  We’ve just published a World Economic Forum @wef whitepaper detailing blockchain technology’s valuable role in the global effort to fight climate change. Thanks @ToucanProtocol @BL4SG_ and more than 60 ReFi organizations that contributed to this research!https://t.co/RUwb9Z5Ipy — Climate Collective (@clim8collective) April 25, 2023 According to the white paper, blockchain’s value to the climate action community can be split into…

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31 – Altcoins Bitcoin News

Jamie Redman

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four of the Top Five Stablecoins Experience Net Redemptions in the Past 30 Days On March 31, 2023, the top stablecoins by market capitalization represented $133.63 billion in value, and now the valuation is down to…

Crypto community split on Coinbase NFT’s push for ‘sensible crypto policy’

Ezra Reguerra

As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited about the move, with some not even sure if it will have any impact at all.  On April 25, Coinbase launched an NFT campaign dubbed “Stand With Crypto” after filing a court action that aims to compel the United States Securities and Exchange Commission (SEC) to answer its rulemaking petition. According to Coinbase, the NFTs represent…

Web3 Gamer – Cointelegraph Magazine

Cointelegraph By Callan Quinn

There’s trouble brewing in the red-light region of Decentraland called District X. The ongoing dispute between the leader of District X and a group of community members came to a head with the Decentraland DAO asked to weigh in on the district’s future. Decentraland districts are collectively owned areas on the map built around a particular theme, in District X’s case: adult content. However, it’s seen little development in the five years since it was established. Member Morph submitted a proposal on April 12 that the DAO and the Decentraland…