Author: Stephen Katte

Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs

CoinTelegraph

NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX.  Joe Rotunda, director of enforcement at the Texas Read More

No red flags at FTX despite 8 months of ‘extensive due diligence’ — Temasek

CoinTelegraph

Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275 million into the now-bankrupt crypto exchange. Like many of FTX’s more Read More

Payments company Curve bids for BlockFi’s 87,000 credit card customers

CoinTelegraph

Payments company Curve is in active discussions to acquire crypto lender BlockFi’s more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11.  A Curve spokesperson told Cointelegraph that “outreach and negotiations” started on Nov. Read More

$4.5T asset manager Fidelity offers ETH custody and trading to clients

CoinTelegraph

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer Ether (ETH) custody and trading services to its institutional clients later this month.  According to an email to Fidelity’s customers shared on Twitter, the Read More

Tribe DAO votes in favor of repaying victims of $80M Rari hack

CoinTelegraph

After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital’s liquidity pools. Following several rounds of voting and governance proposals, Tribe DAO, which Read More

Ethereum co-founder Vitalik Buterin defends DAOs against critics

CoinTelegraph

Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a traditional corporate structure. In theory DAOs are collectively owned and managed Read More