FTX's advisor texted Musk about buying Twitter.
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Sam Bankman-Fried, CEO of FTX, reportedly had an eye on acquiring Twitter.
Bankman-Fried's advisor Will MacAskill tried to set up a meeting between Tesla CEO Elon Musk and himself to discuss the acquisition of Twitter. MacAskill informed Musk that Bankman-Fried was keen on acquiring Twitter, with FTX's CEO offering to put up to $15 billion.
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Tether CTO: Ethereum as Money Can't Compete with Bitcoin.
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Tether CTO: Ethereum as Money Can't Compete with Bitcoin.
Chief Technology Officer of Bitfinex and Tether Paulo Ardoino recently stated that Ether cannot compete with Bitcoin as a currency due to design choices that have prioritized other purposes. When asked about Ethereum's relatively high transaction fees, the CTO said that the Merge would not solve either problem, nor would it make Ethereum more decentralized.
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South Korea Wants To Freeze $67M of Do Kwon's Funds Through Exchanges.
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South Korea Wants To Freeze $67M of Do Kwon's Funds Through Exchanges.
About $67 million in bitcoin associated with Terraform Labs' founder Do Kwon is the target of South Korea's efforts to freeze those funds. Recently, Interpol issued a red notice to locate and arrest Kwon for allegedly breaking South Korean financial rules. South Korean prosecutors approached KuCoin and OKX, two local cryptocurrency exchanges, to freeze about $67 million, worth of bitcoin associated with Do Kwon, the founder of Terraform Labs who has since disappeared. It has been alleged that Kwon's Luna Foundation Guard has wired the money to the event locations.
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