During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that both FTX and Alameda Research “colluded to trade against clients.”
Crypto industry executives are not too pleased with the former FTX CEO Sam Bankman-Fried (SBF) and in recent times SBF has been getting a lot of criticism. Binance CEO Changpeng Zhao (CZ) talked about SBF with the Milken Institute on Nov. 17, 2022, and he explained that he did not know why SBF considered Binance a “sparring partner.”
CZ says that when SBF reached out to the Binance executive, CZ thought it was about an over-the-counter (OTC) deal to buy FTT tokens. Then CZ noted that when SBF called the former FTX CEO detailed that they were in “big trouble” and the company was “looking for a buyout.”
CZ was asked at the Milken Institute event why SBF would tweet and call the company Binance or CZ a “sparring partner.” The Binance CEO responded and said “I think only a psychopath can write that tweet.” In addition to calling SBF a psychopath, CZ further noted that he believes SBF should stop tweeting and noted that he should “put on a suit” to face the music in Washington D.C.
The Binance CEO is not the only person criticizing FTX and Alameda, as the co-founder of the now-defunct Three Arrows Capital (3AC) crypto hedge fund, Kyle Davies, accused FTX and Alameda of colluding against the firm.
Speaking with CNBC’s Kate Rooney, Davies alleges that “FTX [and] Alameda Research colluded to trade against clients” and further said: “We, [Three Arrows Capital], were hunted and our positions liquidated.” However, CNBC received a statement from SBF that said he was “shocked” about Davies’ allegations and said: “there’s no truth to their allegations here.”
Although, FTX and Alameda have been accused of stop hunting in the past and one Twitter thread saved to archive.org claims Alameda and FTX were involved in Celsius going under. The Twitter account Plan C says that when Terra’s stablecoin UST collapsed, “Celsius got out the door first, suffered the lowest loses and didn’t want any part of the bailout.”
Dumb game woke westerns play
— Kyle Davies ? (@KyleLDavies) November 16, 2022
Plan C insisted that after Celsius fled, Alameda and FTX got stuck holding locked LUNA and UST bags. Alameda was also accused of manipulating the price of WAVES and selling lots of Lido’s staked ether called STETH. Just before FTX filed for bankruptcy protection, SBF told the public that Alameda would sunset trading operations. Davies’ accusations show FTX and Alameda may have had more than just Binance as a so-called ‘sparring partner.’
What do you think about Binance’s CZ calling SBF a “psychopath” and 3AC co-founder Kyle Davies accusing FTX/Alameda of stop hunting his hedge fund? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that both FTX and Alameda Research “colluded to trade against clients.”
Crypto industry executives are not too pleased with the former FTX CEO Sam Bankman-Fried (SBF) and in recent times SBF has been getting a lot of criticism. Binance CEO Changpeng Zhao (CZ) talked about SBF with the Milken Institute on Nov. 17, 2022, and he explained that he did not know why SBF considered Binance a “sparring partner.”
CZ says that when SBF reached out to the Binance executive, CZ thought it was about an over-the-counter (OTC) deal to buy FTT tokens. Then CZ noted that when SBF called the former FTX CEO detailed that they were in “big trouble” and the company was “looking for a buyout.”
CZ was asked at the Milken Institute event why SBF would tweet and call the company Binance or CZ a “sparring partner.” The Binance CEO responded and said “I think only a psychopath can write that tweet.” In addition to calling SBF a psychopath, CZ further noted that he believes SBF should stop tweeting and noted that he should “put on a suit” to face the music in Washington D.C.
The Binance CEO is not the only person criticizing FTX and Alameda, as the co-founder of the now-defunct Three Arrows Capital (3AC) crypto hedge fund, Kyle Davies, accused FTX and Alameda of colluding against the firm.
Speaking with CNBC’s Kate Rooney, Davies alleges that “FTX [and] Alameda Research colluded to trade against clients” and further said: “We, [Three Arrows Capital], were hunted and our positions liquidated.” However, CNBC received a statement from SBF that said he was “shocked” about Davies’ allegations and said: “there’s no truth to their allegations here.”
Although, FTX and Alameda have been accused of stop hunting in the past and one Twitter thread saved to archive.org claims Alameda and FTX were involved in Celsius going under. The Twitter account Plan C says that when Terra’s stablecoin UST collapsed, “Celsius got out the door first, suffered the lowest loses and didn’t want any part of the bailout.”
Dumb game woke westerns play
— Kyle Davies ? (@KyleLDavies) November 16, 2022
Plan C insisted that after Celsius fled, Alameda and FTX got stuck holding locked LUNA and UST bags. Alameda was also accused of manipulating the price of WAVES and selling lots of Lido’s staked ether called STETH. Just before FTX filed for bankruptcy protection, SBF told the public that Alameda would sunset trading operations. Davies’ accusations show FTX and Alameda may have had more than just Binance as a so-called ‘sparring partner.’
What do you think about Binance’s CZ calling SBF a “psychopath” and 3AC co-founder Kyle Davies accusing FTX/Alameda of stop hunting his hedge fund? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.
Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
Unus Sed Leo (LEO) was another notable gainer in today’s session, as prices also neared a one-week high.
Following a low of $3.78, LEO/USD raced to an intraday peak of $4.04, hitting its strongest point since November 11.
Currently LEO is trading over 5% higher than yesterday’s bottom, and is nearing a breakout of a long-term resistance level.
LEO/USD is still hovering below this ceiling of $4.05, which comes as the RSI also sits below a resistance of its own.
As of writing, the index is tracking at 46.49, which is under its aforementioned resistance of 47.00.
In the event of a breakout, LEO bulls will likely attempt to move towards the next closest ceiling of $4.20.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect to see crypto markets begin to rally as the dust settles on the FTX saga? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level.
Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
Unus Sed Leo (LEO) was another notable gainer in today’s session, as prices also neared a one-week high.
Following a low of $3.78, LEO/USD raced to an intraday peak of $4.04, hitting its strongest point since November 11.
Currently LEO is trading over 5% higher than yesterday’s bottom, and is nearing a breakout of a long-term resistance level.
LEO/USD is still hovering below this ceiling of $4.05, which comes as the RSI also sits below a resistance of its own.
As of writing, the index is tracking at 46.49, which is under its aforementioned resistance of 47.00.
In the event of a breakout, LEO bulls will likely attempt to move towards the next closest ceiling of $4.20.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect to see crypto markets begin to rally as the dust settles on the FTX saga? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. After 4 editions based on digital innovations related to Estrella Galicia’s value chain, The Hop takes another step toward the exploration and development of Web3 initiatives.
17 November 2022, A Coruña, Spain — The fourth edition of The Hop comes to a close this year, ending a cycle of 4 editions in which more than 35 pilot projects were undertaken in Spain and Brazil. The fourth edition included different leading startups and companies such as MIT, IE, Amazon, and more. In its fifth edition TheHop will focus on WEB 3, searching the entrepreneur ecosystem for use cases related to Metaverse, tokenization of assets, cryptocurrencies, NFTs and DAOs.
TheHop Web3 Ventures
TheHop will change its name to TheHop Web3 Ventures, placing focus on use cases related to the tokenization of assets, cryptocurrency, NFTs, Metaverse, and DAOs. TheHop Web3 Ventures begins this new program with three main collaborators: Telefónica Tech, Bit2me, and AWS, with which it will begin its first projects. TheHop will also have the full support of VALHALLA as Innovation Partner.
Program Evolution
TheHop has evolved every year, initially focusing on key areas of the Estrella Galicia group and, since 2020, with the main focus on the use of digital solutions which bring value to hospitality and the end consumer, obtaining multiple insights of value and promoting different initiatives.
The evolution of TheHop has been unstoppable, adapting to the needs and opportunities of the company and the market. For this reason, TheHop is now going a step further to become TheHop Web3 Ventures, the vehicle for Web3 innovation of MOVE Estrella Galicia Digital through which the company will approach this new ecosystem.
The Move to Web3
Over the last few years, Web3 has experienced a huge growth in global adoption, and many companies are starting to position themselves in this new territory, from major technology companies to automotive companies and restaurant chains.
JJ Delgado, General Manager of MOVE Estrella Galicia Digital, stated that:
“In line with our philosophy of doing things differently, we are going to immerse ourselves in the Web3 ecosystem to create and incorporate solutions that bring value to our community. We recently announced our commitment to decentralise BigCrafters.com, the marketplace for artisan products which we launched a few months ago, and where we are going to identify Web3 use cases which allow us to work towards our goal”.
The aim of TheHop Web3 Ventures is to develop new internal capacities, explore the new opportunities potentially offered by Web3 and co-create different initiatives with companies that are key in the Web3 ecosystem in areas such as NFTs, cryptocurrencies, tokenization DAOs and Metaverse, using the methodology, network and learnings obtained through TheHop.
Gerard Gracia Arcas, Head of Digital Business Innovation at MOVE Estrella Galicia Digital, stated that:
“TheHop Web3 Ventures starts this new adventure accompanied by three
collaborators that are key in this sector, Telefónica Tech, Bit2Me, and AWS, and will be incorporating new allies in the coming months. Any Web3 company will be able to connect with TheHop through its new website to propose projects to bring value to the initiatives we are to undertake, and we will approach each of them based on the needs of each Project”.
In 2023 the public can expect to see the first Web3 projects promoted by TheHop, and with a slew of varying initiatives already in the works, next year promises to bring exciting new developments from The Hop Web3 Ventures.
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Media Contact Details
Contact Name: Gerard Gracia
Contact Email: info@thehop.xyz
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
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