Karikari Daniel
I am an avid crypto and blockchain content writer with over 3-years of experience. I am open to writing your PR, blog, news articles, and other crypto-related content anytime.
Articles by Karikari Daniel
1 year ago
2 mins read
Sam Bankman-Fried, the former CEO of FTX, has expressed sincere regret over last week’s Chapter 11 bankruptcy filing, calling it his “biggest single fuckup.” A wide range of questions were reportedly addressed by Bankman-Fried in a lengthy interview with VOX that was published on November 16. These included inquiries about the November 11 Chapter 11 bankruptcy filing, his opinions on regulators and ethics, how FTX and Alameda “gambled with customer money,” and the FTX hack. According to screenshots of a conversation between Sam Bankman-Fried and VOX reporter Kelsey Piper on Twitter, the former CEO of FTX claimed that while he
1 year ago
1 min read
The parent company of the Ethereum scaling protocol zkSync, Matter Labs, has secured a $200 million Series C round of funding. According to a statement, the investment was led by Blockchain Capital and Dragonfly, with participation from LightSpeed Venture Partners, Variant, and Andreessen Horowitz, who had previously led the $50 million Series B round. Matter Labs withheld the price tag. The money raised in its Series C round will be used to launch first-party projects created by Matter Labs, expand the team, and finance projects created by outside parties. It will also be used to start Matter University, which will
1 year ago
1 min read
Wu Blockchain tweeted about Binance’s declaration to submit evidence to UK lawmakers regarding its deal with FTX and decision to sell FTT. Blockchain tweeted that Binance’s announcement to submit the details would serve as “a witness in the group’s crypto asset inquiry,” citing Bloomberg news. When it was discovered that Alameda Research had some large FTT holdings that appeared suspicious, investors began withdrawing their assets in large numbers in order to avoid losing them. Soon after, Binance CEO Changpeng Zhao or CZ announced the company’s decision to sell the remaining FTT tokens in light of the recent revelations. As a
1 year ago
1 min read
Although the FTX crypto exchange crisis has had a significant impact on the market as a whole, the native token of the trading platform is currently experiencing a brief rally with no clear catalyst. The gains for the token come as various participants in the cryptocurrency industry questioned a change in the FTT tokenomics. According to CoinMarketCap data, the FTT’s market capitalization reached $588.57 million after adding about $109.26 million in just 24 hours due to sustained buying pressure on the token. At the time of publication, the FTT token was up about 25% over the previous day and was
1 year ago
1 min read
In a recent statement to its users, BlockFi responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange. The crypto firm denied allegations that the majority of its assets are held on FTX and called the rumor “false.” Despite this, BlockFi admitted to having “significant exposure” to the exchange. This could cause a delay in the recovery of FTX’s obligations to BlockFi. The exposure consists of Alameda’s obligations to BlockFi, assets held at FTX.com, and undrawn amounts from the credit line with FTX US. The recent FTX bankruptcy filing also named FTX US, which was
1 year ago
1 min read
Huobi subsidiary Hbit has disclosed that it has $18.1 million in FTX that it is unable to recover. Customer funds totaled $13.2 million, which will be covered by an unsecured loan of up to $14 million. Huobi has revealed that it, too, is a victim of the FTX scandal. In a notice, it stated that it was unable to withdraw $18.1 million from the now-defunct exchange. Customers own $13.2 million, with the remaining $5 million owned by subsidiary Hbit. Huobi also revealed that it had applied for a $14 million unsecured loan to help cover the $13.2 million in customer
1 year ago
1 min read
MicroStrategy founder and Bitcoin enthusiast Michael Saylor appeared on CNBC’s “Squawk on the Street” to discuss the latest developments in the cryptocurrency space. To elicit a response from Saylor, the CNBC host began the interview by recapping recent news in the ecosystem, including the collapse of cryptocurrency exchange FTX, RippleFX, and the plummeting price of Bitcoin. Saylor begins by stating that the events of the past week highlight the vulnerability of the cryptocurrency landscape. “Because Bitcoin is a commodity, you can self-custody it without an issuer,” Saylor began. He went on to say that the vast majority of crypto tokens
1 year ago
1 min read
In the spring, FTX exchange CEO Sam Bankman-Fried offered employees a 50% discount on equity in the company. According to a person familiar with the situation, FTX CEO Sam Bankman-Fried sold equity in the company to employees at a 50% discount in the spring. According to the person, approximately 20 people were fired in June across the organization due to poor performance. Separately, Zane Tackett, former head of institutional sales at FTX, appears to have been fired on November 10, according to his tweet. Bloomberg first reported that current FTX employees are scrambling to sell assets, adding to the confusion.
1 year ago
1 min read
Shortly after Binance announced that it was terminating the acquisition agreement, the legal team reportedly left. Following news that the majority of the company’s legal and compliance personnel have left the exchange, problems for the troubled cryptocurrency exchange FTX have reportedly gotten worse. Recently, FTX, which is in danger of failing, agreed to be acquired by Binance. However, after seeing FTX’s balance sheet, Binance withdrew from the rescue agreement. Semafor claims that on Wednesday (November 9, 2022) anonymous sources informed the publication of the departure, which allegedly took place on Tuesday night. Semafor noted that FTX CEO Sam Bankman-Fried is
1 year ago
1 min read
Bebop is debuting on Polygon for all users after rolling out a whitelisted service for traders on Ethereum over the summer. Bebop will be designed to draw newcomers to the industry even though the platform is supported by Wintermute, an institutional-grade market maker in the decentralized finance space. It intends to accomplish this through a few crucial features. First off, there are only a few buttons available to users on the exchange’s user interface. Users cannot provide liquidity, and there are no yield-earning options. Bebop is not a decentralized automated market maker (AMM) like Uniswap or SushiSwap, which explains why.
1 year ago
1 min read
Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance declared its intention to fully buy FTX in order to shield its consumers from a liquidity crisis. Binance CEO Changpeng Zhao stated on Twitter that FTX sought the exchange’s assistance since it was experiencing liquidity issues on its platform. Binance has signed a non-binding letter of intent (LOI) to buy CZ in the next few days, according to CZ. A comprehensive due diligence procedure and more precise details on the acquisition are scheduled to be completed over the next several days.
1 year ago
1 min read
Before bitcoin (BTC) and cryptocurrencies in general can become widely used, a number of factors must align, according to Mastercard CEO Michael Miebach. When the CEO of Yahoo Finance was asked if a day would come when everyone would be making payments in bitcoin, Miebach agreed that it was a possibility. Michael Miebach said, “Entirely possible, but I think it’s a long way to go before crypto becomes mainstream.” There are some obstacles in the way of crypto going mainstream, including regulations, as well as simplicity and ease of usage. The CEO stated that “I think this question on regulatory
