This Week On Crypto Twitter: Another Elon Musk Company Acknowledged Dogecoin and 3AC’s Founders Could Flee

Illustration by Mitchell Preffer for Decryption

The week was truly a mixed bag.

Leading cryptocurrencies have regained lost ground after weeks of general declines, but on the business side, Vauld and Voyager are the latest crypto lenders. fight bankruptcy After Celsius and BlockFi.

Accordingly, former leading crypto hedge fund Three Arrows Capital (3AC) recently filed for Chapter 15 bankruptcy, and now the company’s lawyers cannot locate its founders, Su Zhu and Kyle Davies, according to this filing.

Well, crypto recovery started, led by billionaire Sam Bankman-Fried. Exchange FTX, extended $250 million loan to the battered crypto lender BlockFi last month. The next day, another SBF company, Alameda Research, made a $500 million loan to Voyager Digital. Two weeks later, FTX had an agreement To buy BlockFi directly. Now, Alameda is already owed to Voyager $377 million, so this was a borrower who bailed out the lender.

Binance CEO Changpeng “CZ” Zhao criticized the deal in an interview. Decrypt’s gm podcast. CZ also said he wanted to make several recovery plans on his own: “Some are actually good deals. So you’ll see that we’re going to invest, we’re going to save and we’re going to save multiple projects.”

TRON’s Justin Sun has also made it clear that he is ready.

Worst. Chewing. Non-stop.

Earlier in the week, news came that the personal data of more than a billion people were collected from a computer. Offered for Shanghai police database and 10 Bitcoin (worth $202,000 at the time).

According to Bloomberg, the data included everything from names and national identification numbers to cell phone numbers and food orders. And there were timestamps of when the details were recorded.

CZ made a technical statement.

rich men

Billionaire CEOs and crypto HODLers Michael Saylor and Elon Musk sold their favorite coins this week. Saylor has tweeted about how much Bitcoin has risen in value since his company MicroStrategy announced its initial plan. buy and HODL. (He neglected to say that he still is depending on your investment.)

and CNN Business reported Another firm of Elon Musk, The Boring Company, will accept Dogecoin for journeys on a new underground transit system in Las Vegas that allows passengers to cruise around the city in Teslas at around 35 mph.

And finally

A big interruption The rise of mobile and internet networks across Canada has prompted TrustSwap CEO and Bitcoin advocate Jeff Kirdeikis to think about his favorite cryptocurrency.

Do you want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news + weekly recaps and more!

Leave a Comment

Your email address will not be published.