U.S. Congressman Tom Emmer said in a tweet that he had received reports that the SEC chairman Gary Gensler was allegedly helping Sam Bankman-Fried and FTX “work on legal loopholes to obtain a regulatory monopoly.” Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on…
Sequoia writes-off over $200M FTX investment as ‘worthless’
Venture capital firm Sequoia Capital revealed that its investment in FTX is worthless, as it is marking the investment down to zero, according to a Nov. 10 note sent to its limited partners. Here is the note we sent to our LPs in GGFIII regarding FTX. pic.twitter.com/Cgp1Yxk1pz — Sequoia Capital (@sequoia) November 10, 2022 Sequoia…
Wintermute CEO tells 3AC co-founder to ‘stay wiped out’ amid ‘redemption’ attempt
Wintermute CEO Evgeny Gaevoy said Three Arrows Capital co-founder Su Zhu should “stay wiped out” and not attempt to use the current market situation for his “redemption.” Man really, SBF being a bigger villain than you, doesn’t automatically start your redemption ark. Stay wiped out https://t.co/7AuvsPstp6 — wishful cynic (@EvgenyGaevoy) November 9, 2022 Gaevoy’s tweet…
SBF hints FTX could potentially create its own stablecoin
FTX founder Sam Bankman-Fried hinted that the exchange could create its stablecoin in the “not too distant future” in an Oct. 27 interview with The Big Whale. 🔴 SCOOP@SBF_FTX told @TheBigWhale_ that @FTX_Official is working on their stablecoin Video 👇 pic.twitter.com/hjVscUl50Q — The Big Whale 🐳 (@TheBigWhale_) October 27, 2022 According to SBF, the exchange…
Solend founder says SBF wants to ‘profit at all costs’
Solend (SLND) founder 0xrooter has described FTX founder Sam Bankman-Fried as a “profit maxi” who wants to “profit at all costs.” SBF is a profit maxi: profit at all costs — 🙏🚫 Rooter (hiring!) (@0xrooter) October 24, 2022 According to Rooter, a company’s action reflects its founder’s personality. While he has never had any personal…
Vitalik Buterin says crypto payments are superior, people underestimate the potential
Ethereum (ETH) co-founder Vitalik Buterin believes that crypto payments are better than many realize due to their convenience and censorship resistance feature. People continue to underrate how often cryptocurrency payments are superior not even because of censorship resistance but just because they’re so much more convenient. Big boost to international business and charity, and sometimes…
FTX CEO Sam Bankman-Fried reveals willingness to spend $1 billion to keep Trump away from White House
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX founder Sam Bankman-Fried has said he could donate over $100 million in the next US presidential election, adding that he has a soft ceiling of $1 billion. This potential donation was revealed in a Podcast Interview with Jacob Goldstein on…
SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF continued that the environmental impact of Bitcoin mining, alongside the fact that the coin is “inefficient,” would count against it…
Robinhood stock surges after SBF acquires 7.6% stake in retail trading giant
Sam Bankman-Fried, the founder of FTX and Alameda Research, has acquired a 7.6% stake in Robinhood. SBF’s acquisition triggered an aggressive market response, with Robinhood’s shares jumping as much as 36% in extended trading. And while prices have pulled back since Thursday evening, they’re still up around 25%. Struggling Robinhood stocks see surge after SBF’s…
Cardano’s Charles Hoskinson offers to help build a decentralized Twitter
Cardano’s founder Charles Hoskinson has told Elon Musk that he’s willing to help him build a decentralized version of Twitter. @elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one — Charles Hoskinson (@IOHK_Charles) April 14, 2022 This is coming after Musk submitted a $43 billion offer to…