Fun

Vitalik on Suspect Centralization, FTX’s ‘Absolute Fraud,’ Coinbase Confirms Bitcoin Holdings — Week in Review

News Feed - 2022-11-27 10:11:53

Vitalik on Suspect Centralization, FTX"s "Absolute Fraud," Coinbase Confirms Bitcoin Holdings — Week in Review


As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase has reminded users their “financials are public” and noted the company holds 2 million bitcoin. All this and more in the latest Bitcoin.com News Week in Review, just below.


Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’


Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.”


Read More


Ontario Teachers’ Pension Fund Writes Down Entire Investment in Bankrupt Crypto Exchange FTX Citing ‘Potential Fraud’


Ontario Teachers’ Pension Plan (OTPP), one of the largest pension plans in the world, is writing down its investment in the bankrupt crypto exchange FTX. “Recent reports suggest potential fraud conducted at FTX which is deeply concerning for all parties,” the plan states.


Read More


CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March


According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group.


Read More Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’


According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse.


Read More Tags in this story 2 Million Bitcoin, Centralization, CME Group, Coinbase, Fraud, ftx, investment, Ontario Teachers" Pension Plan, Sam Bankman-Fried, Terry Duffy, Vitalik Buterin


What are your thoughts on this week’s stories? Is anything centralized by default suspect? Be sure to let us know in the comments below. Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Bankman-Fried"s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review THE WEEKLY | Nov 20, 2022 The Mysterious FTX Debacle, Tim Draper"s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review THE WEEKLY | Nov 13, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articlePutin Calls for International Settlements Based on Blockchain and Digital Currencies Next articleCrypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike

News Feed

Logan Paul sues Coffeezilla for defamation over CryptoZoo videos
Jesse Coghlan4 hours agoLogan Paul sues Coffeezilla for defamation over CryptoZoo videosLogan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, “maliciously and repeatedly” made false statements abou
Ethereum leans into rollup-centric future as Dencun hard fork looms
Gareth Jenkinson13 hours agoEthereum leans into rollup-centric future as Dencun hard fork loomsEthereum’s next set of hard forks is anticipated to benefit layer-2 scaling protocols significantly by reducing storage cos
Telegram channels eligible for 50% ad revenue, but there’s a catch
Arijit Sarkar13 hours agoTelegram channels eligible for 50% ad revenue, but there’s a catchTelegram Messenger is the third-biggest messenger app in terms of monthly downloads after WhatsApp and Snapchat.2513 Total view
Over $182 Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears To The Gallows
Este artículo también está disponible en español. In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a lo
Toncoin Gears Up For A Fresh Rally With Bullish Momentum Building
Este artículo también está disponible en español. Toncoin is showing promising signs of recovery, with bullish momentum gradually building as renewed buying interest sugg
Latam Based Cryptocurrency Exchange Ripio Expands to US
Latam Based Cryptocurrency Exchange Ripio Expands to US Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company,
Crypto Custody Firm Fireblocks Launches Web3 Services Suite
Crypto Custody Firm Fireblocks Launches Web3 Services Suite Fireblocks, a crypto custody service provider, is expanding its services with the launch of an institutional suite of We
Zhiyuan Sun6 hours agoCoinMarketCap launches ChatGPT pluginThe plugin is free to use and features up-to-date crypto data sourced from CoinMarketCap.1285 Total views12 Total sharesListen to article 0:00NewsJoin us on soci
Tom Mitchelhill3 hours agoUS House Democratic coalition creates AI working groupRepresentative Derek Kilmer will chair the Artificial Intelligence Working Group, which is aimed at introducing “sensible, bipartisan” p
ChatGPT had a public meltdown but OpenAI says it’s fine now
Tristan Greene5 hours agoChatGPT had a public meltdown but OpenAI says it’s fine nowThe latest unexplained kerfuffle with ChatGPT’s outputs highlights the dangers of automation.3139 Total views6 Total sharesListen to
Biggest Movers: QNT Extends Recent Gains, Climbing by 10% on Saturday
Biggest Movers: QNT Extends Recent Gains, Climbing by 10% on Saturday Quant moved higher for a second straight session on Saturday, as prices rose by as much as 10%. The move sees
British Fintech Revolut Granted Crypto License in Cyprus
British Fintech Revolut Granted Crypto License in Cyprus U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers o