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2022-12-28 16:47:38 Kraken exchange ceases operations in Japan

In a message to users, the Kraken team stated that it has decided to cease operations in Japan as of January 31, 2023. The decision is part of Kraken's global strategy to prioritize resource investment where it is best suited for the exchange's long-term success.

“After considering the current situation around the Japanese market and the weakness of the global cryptocurrency market, we concluded that it will be difficult for Kraken to invest the necessary resources to further develop its business in Japan. Kraken will no longer serve Japanese customers,” the exchange said in a statement. Open / Comment

2022-12-28 13:58:11 TPCi wins injunction against releasing Pokémon-related NFTs

An Australian court has granted a motion by the Pokémon Company International (TPCi) to stop KOTIOTA Studio from releasing Pokémon-themed NFTs.

TPCi states that related companies The Pokémon Company, Nintendo of America, Inc, Nintendo Co. Ltd will suffer significant damage if the defendants release the games and NFTs they are currently working on. The court granted TPCi's claim, finding the company's claims reasonable.

Some in the NFT industry feel that a shortage of Pokémon would be against the developer's vision. However, other NFT proponents are confident that "Pokemon"-themed tokens can outperform even the "bored monkeys" from the Bored Ape Yacht Club (BAYC) collection. Open / Comment

2022-12-28 12:01:05 Bankman-Fried talks about $546 million loan from Alameda to buy Robinhood shares

FTX co-founders Sam Bankman-Fried (SBF) and Gary Wang borrowed $546.4 million from Alameda Research to buy a 7.6% stake in Robinhood. This is stated in the documents for the court.

In testimony, the SBF said it formed Emergent Fidelity Technologies with Wang to acquire the online broker's securities.

“I borrowed $491,743,563.39 and Gary borrowed $54,638,173.71 from Alameda [Research]. All funds were capitalized in Emergent as working capital so that [the company] could buy shares in Robinhood,” explained the former CEO of FTX.

According to him, on April 30 they borrowed $316,667,182.50 and $35,185,242.50, and on May 25 - $175,076,380.89 and $19,452,931.21. The funds were paid in tranches within a few days before and after the dates specified in the application. Open / Comment

2022-12-28 11:42:55 Sam Bankman-Fried appoints new judge

The criminal case of FTX founder Sam Bankman-Fried (SBF) has been transferred to a new American judge, Lewis Kaplan. It is reported by Reuters.

The relevant appointment came after the previous judge of the Southern District of New York, Ronnie Abrams, recused himself due to a possible conflict of interest.

At the Dec. 19 meeting, she revealed that law firm Davis Polk & Wardwell, in which her husband is a partner, had advised FTX in 2021. It is not known why Abrams did not recuse herself earlier. Open / Comment

2022-12-28 11:30:59 Fresh crypto rate! Open / Comment

2022-12-27 21:43:33 NATO calls AI cyberattacks a 'critical threat'

Artificial intelligence plays a huge role in cyberattacks and turns out to be both a "double-edged sword" and a "huge problem". This was stated by representatives of NATO, writes Euronews.

“AI allows you to automatically scan networks and repel attacks, rather than doing it manually. However, it also works the other way around,” said NATO Assistant Secretary General for Emerging Security Challenges David van Veel.

According to him, artificial intelligence can be used to hack networks using credentials and algorithms. Wil added that trying to match combinations is a "huge problem", but the allies are striving to "use AI ethically". Open / Comment

2022-12-27 19:50:15 The dog that has become a symbol of Dogecoin is seriously ill

Shiba Inu named Kabosu, who became the hero of the meme and the face of the Dogecoin cryptocurrency, had serious health problems. This was reported by the owner of the dog Atsuko Sato.

The Japanese woman said that Kabosu "is in a very dangerous situation":

“Today they donated blood in the hospital. The doctor called me in the evening. I was told it was very dangerous. I didn't expect it to be this bad."

One Twitter user offered to fully cover "any costs necessary to ensure the best possible treatment," and Dogecoin co-founder Billy Markus asked his 2 million followers to send "love, prayers, and good cheer" to Sato and Kabos. Open / Comment

2022-12-27 19:31:59 Truecaller: Phone scammers have become more active in defrauding crypto investors

Clayton LiaBraaten, senior executive adviser at phone security company Truecaller, said professional phone scammers targeted cryptocurrencies following the FTX default.

The most popular scheme is a call allegedly from the technical support of a large crypto exchange and the use of all available information about the user in order to extort data about crypto wallets or accounts. LeaBraaten says the current time is perfect for this kind of activity, with people posting an alarming amount of information about themselves on social media.

“Scammers use utilities to collect and structure a lot of information about people. These charts are very easy to build and start targeting specific personas. The current conditions make it possible to collect a lot of material for social engineering, especially against the younger generation,” the expert says. Open / Comment

2022-12-27 14:33:06 Glassnode: 78% of BTC moved from exchanges to cold storage

Over the past 6 months, several events have occurred in the market, which led to the fact that about 550,000 BTC were withdrawn from exchange accounts by users and transferred to cold storage. According to the analytical company Glassnode, the cryptocurrency exchange Binance, which lost more than 90,000 BTC, became the leaders in the withdrawal of bitcoins. About 200,000 BTC were withdrawn from Coinbase, and the FTX exchange lost over 70,000 BTC before blocking all transactions by the judiciary.

As of the end of December, the current BTC reserves held on exchanges represent less than 22% of the total BTC supply. Glassnode analysts note that in January, OTC storage of BTC was recorded at about 14 million units, but as of December it exceeded 15 million. This confirms the conclusions of experts that 78% of working capital in BTC is stored in cold wallets. Open / Comment

2022-12-27 14:20:59 Martin Shkreli gives Bankman-Fried tips for surviving prison

American investor and hedge fund manager Martin Shkreli, who was convicted for fraud, gave some advice to FTX founder Sam Bankman-Freed about surviving in a federal prison on the Unchained podcast.

Shkreli spent about four years behind bars, from 2018 to 2022. According to him, the ex-CEO of FTX should shave his head, make his voice rougher and learn to understand gangster culture and rap.

He also advised Bankman-Freed to change his name because "being a rich white guy from a nice neighborhood doesn't sound great." Shkreli also believes that it is not necessary to mention his place of study - Stanford University. Open / Comment