Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading platform. Sam Bankman-Fried’s Altruistic Efforts Undermined by the FTX Collapse, Plans to ‘Do Unbelievably Good Things’ Shaken While FTX was at one time valued at $32 billion, the crypto exchange executives spent significant amounts of money donating to different causes. For instance, FTX CEO Sam Bankman-Fried (SBF) donated a lot of....
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Mark Karpeles, the disgraced CEO of bankrupt bitcoin exchange Mt. Gox, is back on twitter and he is not about to win any popularity prizes for his musings. Karpeles started tweeting a series of comments via an old account (@MagicalTux) on 15th June and, needless to say, the community response has been overwhelmingly negative. Initial tweets that referenced Tokyo sunsets and earthquakes were met with the suggestion that Karpeles deserves to enjoy romantic sunsets from prison rather than his Japanese home. Demands for the truth. Many of Karpeles' twitter 'followers' simply want to know the....
The crypto world is facing a new security challenge as Coin Cloud, a prominent Bitcoin ATM operator, recently became the target of a significant data breach. This incident comes at a challenging time for the company, which filed for bankruptcy earlier this year amid the crypto market downturn and the fallout from the FTX collapse. […]
BitGive is a nonprofit organization that has revolutionized philanthropic work through bitcoin and its blockchain technology. Soon BitGive will introduce GiveTrack, a blockchain-based platform that has the potential to dramatically disrupt how international and humanitarian organizations work. Indeed, GiveTrack has the potential to help organizations....
The Co-founder of the second-largest cryptocurrency in the industry, Ethereum, is set to cut ties permanently with crypto. According to the latest news, Anthony Di Lorio plans to sell his newest venture, “Decentral,” and face philanthropic initiatives by 2022. According to what Di Lorio revealed, his plans stem partly from fears about his security. Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator The Ethereum co-founder revealed these plans to our source through an interview that they had over the phone. During the session, he stated that he....
According to an internal document obtained by Bitcoin Magazine, the Bitcoin Foundation is considering splitting into two separate organizations. Under this proposal, an entirely new entity would be created to fund core development (the Bitcoin Foundation's current focus), while a slimmed-down Foundation would continue as a promotional organization supported by its current membership. This pivot would return the Foundation to its original vision in a bid to ensure its survival. The internal document cites the many challenges that the Foundation has faced, including reputational damage,....