CryptoBlog n.1006
Cryptopunk #2066 was just for 1155 ETH, or about $1.38 million, just before the New Year ball dropped.
CryptoBlog n.1005
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession "by any definition." He added, "We are likely to see CPI lower, possibly negative in 2H 2023, and the U.S. in recession by any definition. Fed will cut, and the government will stimulate. And we will have another inflation spike. It's not hard."
CryptoBlog n.1004
The co-founder of crypto exchange Gemini has accused Digital Currency Group CEO Barry Silbert of "bad faith stall tactics" for stalling to resolve the situation for the past six weeks and asked to commit to resolving $900 million worth of disputed customer assets by January 8. The founder of Gemini, Cameron Winklevoss, shared that DCG owed Genesis $1.675 billion, which was money that Genesis, in turn, owed to Earn users and other creditors. Winklevoss added that Genesis owed more than $900 million to 340,000 Earn investors and that he had been trying to reach a "consensual resolution" with Silbert.
CryptoBlog n.1003
Sam Bankman-Fried has reportedly held at least four meetings with senior White House officials this year before the collapse of the now-disgraced cryptocurrency exchange. The meetings were a part of a push to influence crypto policy and build connections in Washington before his FTX empire ultimately collapsed.