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Latest from Zack Seward
SEC Targets Gemini, Genesis; FTX Cleared to Sell LedgerX, Japanese Units by Bankruptcy Judge
"The Hash" group discusses today's top stories, including the U.S. Securities and Exchange Commission alleging Cameron and Tyler Winklevoss' crypto exchange Gemini and crypto lender Genesis Global Capital sold unregistered securities. Genesis and CoinDesk are both owned by DCG. Plus, a bankruptcy judge has cleared FTX to sell four key units, including derivatives arm LedgerX, to repay creditors. And, crypto winter deepens as Crypto.com becomes the latest company to announce job cuts in 2023.
Crypto Lender Nexo Under Investigation in Bulgaria; Sam Bankman-Fried Denies Stealing FTX Funds
"The Hash" group discuss the latest headlines moving the crypto markets, including crypto lender Nexo being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud. Plus, former FTX CEO Sam Bankman-Fried denies stealing funds and claims FTX and sister company Alameda Research collapsed because of the crypto market meltdown and inadequate hedging on Alameda’s part, in a new post on Substack.
FTX Bankruptcy Judge Not Swayed by Letter from US Senators; Gala Games' Native Token Tumbles
"The Hash" group discuss today's top stories, including Delaware Judge John Dorsey characterizing a bipartisan letter from four U.S. senators as an “inappropriate” intervention in FTX bankruptcy proceedings that won’t sway his judicial decisions. Plus, a closer look at why Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars.
Gemini's Winklevoss Calls for Barry Silbert's Removal From DCG; Microsoft Reportedly Mulls $10B Investment in ChatGPT Creator
Cameron Winklevoss, the co-founder of crypto exchange Gemini, issued an open letter on Tuesday calling for the ouster of Digital Currency Group (DCG) CEO Barry Silbert because a DCG division's November decision to halt withdrawals leaves owners of Gemini's crypto yield product in limbo. DCG is the parent company of CoinDesk. Plus, Bloomberg reports that Microsoft is considering a $10 billion investment in OpenAI, the creator of ChatGPT.