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FTX Fraud | Gemini DCG Feud| Florida Fun!

FTX Fraud | Gemini DCG Feud| Florida Fun!

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BlackRock Lends Money to Bankrupt Bitcoin Miner Core Scientific

On Tuesday, Cameron Winklevoss accused Barry Silbert, whose company owns Genesis, of defrauding Gemini Earn customers and called on his company’s board to remove him, deepening the acrimony between the onetime business partners. In a separate notice to Earn customers, Gemini said it terminated their loan agreements with Genesis, a move that officially ends the Earn program and requires Genesis to return all outstanding assets immediately.

In an interview on Tuesday, Cameron Winklevoss said he and his twin brother are “working around the clock to find a resolution for all Earn users.” He added that “we believe in this space. This is a painful episode, but everybody is looking ahead.”

Alameda’s Caroline Ellison and FTX’s Gary Wang hit with additional fraud charges

Former FTX CEO Sam Bankman-Fried has also reportedly landed in the U.S. after being extradited from the Bahamas for fraud charges laid by the U.S. Government. The indictment against SBF is signed by the U.S. Attorney for the Southern District of New York, Damian Williams, and contains eight counts.

SBF is facing charges from the Justice Department, along with SEC and CFTC, for defrauding investors and lenders. Royal Bahamas police arrested the former crypto billionaire on Dec. 12, and his initial application for bail was denied in a Bahamian court.

FBBA Featured Member

Orlando Based Montilla Law Joins The Florida Web3 Legal Fight - Florida Blockchain Business Association

Joel A. Montilla, founder and President of Montilla Law, recently joined the Florida Blockchain Business Associations Legislative Committee in order to bring

https://www.fbba.io/orlando-based-montilla-law-joins-the-florida-web3-legal-fight/

In The Know

Crypto Markets Analysis: Early Signs of Higher Volatility May Be Creeping Into Bitcoin, Ether

Whether bullish or bearish, an increase in volatility provides opportunities for investors – especially after the doldrums of the past several weeks.

https://www.coindesk.com/markets/2023/01/10/crypto-markets-analysis-early-signs-of-higher-volatility-may-be-creeping-into-bitcoin-ether/

Ethereum Software Firm ConsenSys to Cut Upwards of 100 Staff

CoinDesk estimates nearly 27,000 jobs have been lost across the crypto industry since April, based on media reports and press releases.

https://www.coindesk.com/business/2023/01/10/ethereum-software-firm-consensys-to-cut-upwards-of-100-staff-as-crypto-bear-market-takes-another-casualty/

Binance pushes back against report stablecoin isn’t fully backed

According to Binance, its BUSD stablecoin was “fully backed by USD cash and cash-equivalent reserves” and the Binance-Peg BUSD was fully backed by BUSD.

https://cointelegraph.com/news/binance-pushes-back-against-report-stablecoin-isn-t-fully-backed

Albright Capital drops lawsuit against Terraform Labs and Do Kwon

Do Kwon still faces other lawsuits and criminal charges related to the project’s collapse.

https://cointelegraph.com/news/albright-capital-drops-lawsuit-against-terraform-labs-and-do-kwon

Analytical Data

🟠 Binance annual revenue grew 10x over the past two years. It was around $12B in 2022. 💰 Huobi’s quarterly revenue dropped -98% since 2021 Q2.

❗️Longest 🥇 Bitcoin Bear Market Ever: 👇

2011 Bear Market (163 days)

June 8th, 2011 - Nov 18th, 2011

2013-2015 (406 days)

Dec 4th, 2013 - Jan 14th, 2015

2017-2018 (364 days)

Dec 16th, 2017 - Dec 15th, 2018

2021-2022 (426 days)

Nov 8th, 2021 - Jan 8th, 2023????????????

According to the BIS, non-banks outside the US owe a mind-blowing $25 trillion in missing debt. And if that wasn't enough, non-US banks owe an additional $35 trillion.

Events

Click here for events & meetups in January 2023

Crypto News Heard Around the State

Tampa News

The first Web3 non-profit is in Tampa, FL! - Tampa Bay DAO

Tampa Bay Dao is officially a non-profit making it the first web3 non-profit in the state of FL!

https://tampabaydao.com/non-profit-announcement/

Blockchain integration firm helps businesses prepare for Web 3.0 - Florida Blockchain Business Association

The founders of Tampa-based BlockSpaces have been on the frontlines of the internet's next phase for more than a decade.

https://www.fbba.io/blockchain-integration-firm-helps-businesses-prepare-for-web-3-0/

Orlando News

Orlando Based Montilla Law Joins The Florida Web3 Legal Fight - Florida Blockchain Business Association

Joel A. Montilla, founder and President of Montilla Law, recently joined the Florida Blockchain Business Associations Legislative Committee in order to bring

https://www.fbba.io/orlando-based-montilla-law-joins-the-florida-web3-legal-fight/

Miami News

The first-ever Annual American Metaverse Awards coming to Miami in 2023

The first-ever American Metaverse Awards will be held March 30, 2023 in Miami, with the goal to connect and build relationships among up-and-coming new companies, brands and large corporations embracing Web3 and the Metaverse

https://cointelegraph.com/press-releases/the-first-ever-annual-american-metaverse-awards-coming-to-miami-in-2023

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Disclaimer: Crypto Flo DOES NOT provide financial advice. All content is for informational purposes only. Crypto Flo is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.