June 17, 2024

Omniverse Universe

Future Technology

This Week on Crypto Twitter: Musk and Dorsey’s Texts Leaked, Do Kwon Pleads (Additional) Innocence

Illustration by Mitchell Preffer for Decrypt

Bitcoin and Ethereum managed to flee a broader slide this week because the market briefly reclaimed a trillion greenback market capitalization. XRP, Cardano, Chainlink and Cosmos posted the most important losses among the many twenty main currencies.

The week started on crypto Twitter with Ukraine DAO—a decentralized autonomous group (DAO) that has thus far raised thousands and thousands for Ukraine’s protection and reduction work for the reason that begin of the Russian invasion—tweeting that it’s establishing “Iran DAO” to help Iranian girls, a lot of whom have been protesting towards Iran’s islamist regime for the reason that demise of activist Mahsa Amini in police custody on September 16.

That day, hacker Corben Leo made the elusive world of white hat hacking a little bit extra clear. A white hat hacker is usually a cybersecurity vigilante who finds vulnerabilities in code and exploits them, usually to be able to declare the bounty for doing so. 

Additionally on Monday, a cybersecurity researcher named James Edwards printed a principle that final month’s $160 million Wintermute hack was an inside job. Edwards’s claims have but to be corroborated by different blockchain safety specialists, however some imagine it’s definitely a possibility.

On Tuesday, Cameron Winklevoss, who co-founded crypto trade Gemini together with his an identical twin Tyler, weighed in on Bitcoin’s latest decoupling from the inventory market. 

Local weather journalist Ketan Joshi on Wednesday posted a reasonably damning remark about Bitcoin’s carbon footprint. 

FTX Reshuffle 

This week some large modifications occurred at crypto trade FTX. For a begin, Brett Harrison, who joined FTX US as its first president again in Might final 12 months, introduced he’s stepping down and shifting into an advisory position. 

Head honcho Sam Bankman-Fried tweeted farewell and sounded optimistic for FTX’s U.S. push. 

Akash Pasricha, a reporter for tech business publication The Info, posted a short evaluation of FTX’s fresh-faced workforce on Friday.

Do Kwon nonetheless not operating

Terra CEO Do Kwon desires everybody to know he’s not feeling the warmth from both the fuzz or his personal conscience. When headlines emerged earlier this month saying a South Korean courtroom had issued an arrest warrant for him for violating capital market guidelines (whereas the Ministry of Finance was searching for to void his passport), Kwon reassured followers that he’s not on the lam

On Wednesday, Kwon responded to rumors that he’d tried cashing out $67 million in Bitcoin a day after the warrant was issued. 

Elon’s Twitter saga

Tesla and SpaceX CEO Elon Musk is at the moment knee-deep in a lawsuit towards him filed by Twitter for making an attempt to again out of his deal to purchase the social media platform. As a part of the authorized discovery course of, courts have launched over 100 pages of correspondence between Musk and numerous others, together with Twitter’s Bitcoin loving co-founder Jack Dorsey. 

Seems even CEOs need assistance with their homework typically. Twitter consumer Santosh Kumar took a cynical view of Musk’s brevity. 

Keep on prime of crypto information, get every day updates in your inbox.