FTX Insider Reveals New Document, Musk Takes Criticism Over SBF Comments, Nobel Laureate Krugman Warns Of Eternal Winter For Blockchain: Weekly Roundup – The Weekly Bitcoin News

It has been one other wild week in crypto, with an alleged FTX insider revealing a controversial doc associated to former Alameda Analysis CEO Caroline Ellison’s account at FTX. In associated information, Elon Musk has come beneath hearth for suggesting that former FTX CEO Sam Bankman-Fried (SBF) probably donated way over he publicly admitted to Democrats. Morgan Creek Capital CEO Mark Yusko instructed that SBF was a “pawn” utilized by higher-ups to punish cryptocurrencies. These tales and extra on this newest version of Bitcoin.com Information Week in Evaluate.

FTX Insider Reveals New Document, Musk Takes Criticism Over SBF Comments, Nobel Laureate Krugman Warns Of Eternal Winter For Blockchain: Week Recap

The doc states that Alameda CEO Caroline Ellison’s FTX margin place was adverse $1.3 billion in Could 2022

In a collection of current interviews, former FTX co-founder Sam Bankman-Fried (SBF) defined that he “did not run Alameda” and “did not know the scale of his position.” In a more moderen dialogue with The Block’s Frank Chaparro, SBF defined that the auditors have been taking a look at FTX’s company funds, however the auditors have been “not taking a look at shopper positions or shopper threat.” This week, an FTX insider who spoke to Bitcoin.com Information on phrases of anonymity shared a doc purporting to point out Alameda Analysis CEO Caroline Ellison’s private account was within the gap for $1.31 billion in Could. of 2022.

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FTX Insider Reveals New Document, Musk Takes Criticism Over SBF Comments, Nobel Laureate Krugman Warns Of Eternal Winter For Blockchain: Week Recap

Elon Musk suspects former FTX CEO Sam Bankman-Fried donated greater than $1 billion to assist Democrats

Tesla CEO and Twitter boss Elon Musk says former FTX CEO Sam Bankman-Fried (SBF) probably donated greater than $1 billion to assist the Democratic Social gathering, which might be a a lot bigger sum than the publicly disclosed determine. Many individuals criticized Musk for making accusations with out offering proof. “This assertion is so extremely irresponsible,” one commented.

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FTX Insider Reveals New Document, Musk Takes Criticism Over SBF Comments, Nobel Laureate Krugman Warns Of Eternal Winter For Blockchain: Week Recap

Morgan Creek CEO Says FTX Co-Founder SBF Was A ‘Pawn’ Used To ‘Punish’ The Crypto Business

Following the FTX collapse, many business executives, influencers, luminaries, and politicians have shared their views on the carnage the occasion has wreaked on crypto markets and a lot of harmless bystanders. On Dec. 2, Morgan Creek Capital CEO and founder Mark Yusko defined in an interview that it is fairly attainable that FTX co-founder Sam Bankman-Fried (SBF) was merely a “pawn” or “helpful jerk.” “leveraged. to “punish the business”.

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FTX Insider Reveals New Document, Musk Takes Criticism Over SBF Comments, Nobel Laureate Krugman Warns Of Eternal Winter For Blockchain: Week Recap

Nobel Laureate Paul Krugman Warns of Everlasting Winter for Blockchain

Nobel Prize-winning economist Paul Krugman has warned of the potential of a perennial winter for blockchain initiatives, together with crypto. In a current article revealed within the New York Instances (NYT), the economist criticizes blockchain as a know-how and its makes use of, citing varied indicators that he believes precede the approaching winter.

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What do you consider the present state of cryptocurrencies and the primary information of this week? Tell us within the feedback part.

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