FTX’s break down increases. Different cryptocurrencies reveal that their funds are hooked by FTX.
Other companies revealed that their money have been frozen on the - almost - actually bankrupt exchange.
Hbit Limited, for example, announced the inability to withdraw $18.1 million before FTX closed withdrawals.
Also Nestcoin announced its failure to withdraw funds from FTX society.
Moreover, in Australia was suspend the FTX’s license. This license permitted to FTX group to create a market for secondary and exchange contracts to Australian retail and wholesale users.
The Australian Securities & Investments Commission (ASIC) announced that will continue to restrict financial services only to conclude existing derivatives with customers until 19 Dec.
SOURCE: CoinTelegraph
READ ALSO ABOUT BANKMAN-FRIED NOW UNDER SUPERVISION…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
On Apple careers’ page are appear announces addressed to engineers. The Giant in fact is looking for software developers that have abilities on augmented reality and virtual reality. It’s also looking for people that have competences on 3D video making.
Thanks to the staff requests that appeared on the Apple’s page, it was possible to guess that Apple is working to create its own Metaverse.
Despite Tim Cook wasn’t agree with the word “Metaverse”, he see a lot of potential in this space and is ready to invest on it.
Rumors said that in Jan.2022, Apple should have released the demo during the Worldwide Developer Conference but it didn’t arrive because of several problems link to challenges.
SOURCE: Business Insider
READ ABOUT 5 METAVERSE OF FASHION…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
After Bahamian Security Commission’s latest decision, now has arrived the finale judgement: Mr. Bankman-Fried is now under supervision.
He’s not alone. In fact with him also FTX co-founder Gary Wang and Nishad Singh - engineer supervisor - were put under control by Bahamian security.
Both Bankman-Fried, Wang and Singh are looking for an escape flight to Dubai.
Unfortunately USA and UAE signed a legal accord to stop criminals on Feb.24, 2022.
An anonymous source reveled that now for Bankman-Fried and co. it’s very difficult to leave from Bahamas.
Right now, almost 130 FTX group’s companies are started bankruptcy.
SOURCE: CoinTelegraph
READ ALSO CRYPTO LAW ADVANCES DESPITE FTX FALL…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
USA, Crypto law advances despite FTX fall.
Stabenow and Boozman - senators - published the last version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) despite FTX’s failure.
“Stabenow and I remain committed to advancing a final version of the DCCPA that creates a regulatory framework that allows for international cooperation and gives consumers greater confidence that their investments are safe,” wrote Senator Boozman.
Bankman-Fried, FTX CEO, is a supporter of the crypto bill. He went to many Senate audiences.
Also Joe Biden signed the DCCPA. We're waiting for its own law transformation.
Bahamas, the Security Commission decided that FTX’s capital can’t be move without Supreme Court’s ok.
The Security Commission of Bahamas knew that “public statements suggesting that clients’ assets were mishandled, mismanaged and/or transferred to Alameda Research”.
Sam Bankman-Fried created Alameda business. It turned out that Alameda detained FTX exchanges’ native token and FTX token. Moreover, rumors blamed FTX because of using users’ funds for anonymous operations.
Genesis Trading is the biggest trading desk for professional investors in cryptocurrency markets.
It connects institutional investors to digital asset markets.
Genesis reveals:
“As part of our goal in providing transparency around this week’s market events, the Genesis derivatives business currently has ~$175M in locked funds in our FTX trading account. This does not impact our market-making activities.”
Torn-based tokens like JUST are increased more than 1000% on FTX.
BitTorrent, JUST and SunToken are operating on trading at premiums fluctuating from 525% to 1,196% equate to the market place.
Paolo Ardoino, CTO of Tether, affirmed that “Tether does not have any plans to invest or lend money to FTX/Alameda. Full stop.”
Tether is one of the companies that Sam Bankman-Fried selected like “help-companies” for funds.
Ardoino - in a tweet - wrote that his business Tether hasn’t link with Alameda or FTX.
SOURCE: CoinTelegraph
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
For the column “the Musk’s strangeness”, in a recent tweet Musk wrote to his followers that Twitter will do lots of dumb things in coming months.
Musk, a unique Twitter’s director, has already change several rules, fired staff, imported costs related to verified accounts and more…
But recently, in a giant conference in front of more than 100.000 people and advertisers, he was unsure about Twitter’s progress. For this reason, maybe for the first time, he was open to receive feedback and also ideas.
Twitter at first added “verified account” next to brands like Coca-Cola, Nike, Apple…after few minutes the verified symbol disappeared.
Brands like General Motors, United Airlines, General Mills and others, stopped buying ads on the platform before observing all Musk’s actions.
In a Zoom call, an advertiser which name is Paskalis, said that Musk’s personal Twitter is introducing a big level of repetitional risk.
SOURCE: CoinTelegraph
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
Marathon is a digital asset technology company that extracts cryptocurrencies. Has a focus on blockchain ecosystem and generation of digital assets.
It’s the Bitcoin mining company and obtained the record of the second largest holder of Bitcoin.
Marathon doesn’t have its infrastructure behind its mining machines; for this reason, it had very hard months.
CEO Marathon Digital Fred Thiel, said that now the business has 11,300 BTC, which corresponds approximately to $205 million.
In a tweet, Thiel said that they improved their Bitcoin production, from 72 in July, to 184 in August, then 360 in September, and then 615 - a record - in October. October, in fact, was the most productive month in their Company’s history…
Thiel added that he want’t sold Marathon’s Bitcoin and will continue with this business scheme.
SOURCE: CoinTelegraph
READ ABOUT MiCA LEGISLATION IN CRYPTO REGULATION…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
The European Council has approved the Markets in Crypto Assets (MiCA) law.
The European Parliament support the legislation which will require inflexible rules for crypto firms.
A previous action scheme for the Parliament to vote in December has been drop because of the length and complexity of the text.
MiCA split crypto-assets into e-money (stablecoins), asset referenced tokens which include stable coins backed by other assets, everything else.
Martin Bruncko, Binance’executive vice president of Europe, told that the European crypto scenery is fragmented. All 27 European countries have different rules from restrictive to non-existent.
Everyone have to be happy about MiCA’s approval, because it’s creating a unique market and the same application rules.
SOURCE: CoinTelegraph
READ ABOUT A NEW MARKETPLACE:INSTAGRAM…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
On October 27, Elon Musk bought Twitter after months of wafflings for $44 billions.
Mr. Musk, a “free speach absolutist”, said that he wants to make Twitter more freewheeling place for all types of commentary.
David Kaye, a law teacher at the University of California, said: “There could be real-world consequences to his leadership”.
The USA president attended an event in Chicago for upcoming elections, wherein called out Elon Musk for buying Twitter.
Biden said: “Now what are we all worried about? Elon Musk goes out and buys an outfit that sends and spews lies all across the world.”
Karine Jean-Pierre, White House Press Secretary, told reporters earlier that Biden had ben clear about the need to reduce hate speech and misinformation.
Mr. Musk promise radical changes at Twitter.
Including:
-Placating advertiser. Musk sent a message to advertisers saying he wouldn’t let the site become a hotbed of hate speech. For this reason, numerous advertisers have backed out from doing business with Twitter over content moderation concerns.
-Job cuts. Musk, in fact, had plan to cut off about 50% of Twitter’s actually crew. Why? Because Musk’s interest is to make $1bn a year, so he needs to reduce costs.
-New leadership. Musk is now the unique director of Twitter.
-Changes to verification. Certified accounts on Twitter - which have a blue tick next their name - have to pay $8 a month as part of the platform’s premium service.
-Content moderation. No changes on content policies. Musk’s idea consist into different stands of content. Users will select which Twitter’s version want.
SOURCE: Reuters
READ ABOUT DOGE’S GROWTH AFTER MUSK’S ACQUISITION…
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
The social media platform Instagram is a new marketplace. At last it gives to its creators the possibility to make their own digital collectibles. Them can be sell to fans on and off Instagram.
Meta says that creators will be equipped with an end-to-end toolkit from creation and showcasing, to selling.
Meta’s crew tested this new update with a little group of creators in the USA but soon, this feature will be expand to more countries.
Meta is also expanding the different digital items that users will see. Will appear video and adding support for blockchain and wallet in addiction to the element that already exist.
Users have only to connect their digital wallet to Instagram.
Stephane Kasriel - Meta’s head of commerce and financial technology - said that the Business won’t impose payments to create and sell NFT until 2024.
People can buy the NFTs directly from the app across iOS and Android.
SOURCE: CoinTelegraph
Chiara Chiommino is a graduating student in science of communication with work’s experience in social media marketing and web marketing as Brand Manager for Italian Cigar Group SRL. She took part in an internship experience entitled "Il Metaverso" in Italy.
