CryptoBlog n.909
Alphabet seeks to identify 10,000 poor-performing Googlers to "ease out" of the company. Christopher Hohn, a U.K. billionaire activist investor, wrote a letter to Alphabet, the parent company of Google, asserting that its employees are paid too much compared to other tech giants and its bloated workforce needs to be cut down.
CryptoBlog n.908
Media outlet Semafor reported that SBF had a $100 million stake in Elon Musk's Twitter, leaking a partial text message between Elon and Sam, which turned out to be false. Elon Musk pointed out that all the previous investors in Twitter had the option to roll their stake into now the private company. However, FTX and SBF took no part. Elon Musk replied to the report and said that it was totally false and that SBF was an investor in Semafor. He also mocked SBF by saying, "If SBF were as good at running a crypto exchange as he was at bribing media, FTX would still be solvent!"
CryptoBlog n.907
???? DEX Curve releases whitepaper and official code for its stablecoin The developers of decentralized exchange Curve Finance have released code and official documents for Curve's soon-to-be launched decentralized stablecoin called crvUSD. While an official announcement from Curve is still pending, the repository published on the projects. The whitepaper states that users will be able to mint the stablecoin by depositing excess collateral in the form of a cryptocurrency loan in a reserve, a mechanism called a collateralized debt position (CDP). The stablecoin will also rely on a novel algorithm dubbed Lending-Liquidating AMM (LLAMMA), which will work to continuously liquidate and sell the deposited collateral to better manage potential collateralization risks.
CryptoBlog n.906
With floating rumors of Genesis planning to file bankruptcy due to its exposure to FTX, the company spoke out. It said, "We have no plans to file bankruptcy imminently," and will set a goal to resolve the situation without a need for a bankruptcy filing. However, Bloomberg reports have shared that Genesis is in talks with potential investors for at least $1 billion in new capital.