GM Readers!📪 It's BitDegree Insider, and it's time to take your daily web3 vitamins.
⭐️Today's selection:
- 📄Alameda Research Investment Portfolio Disclosed
- ⚖️SBF Hires Donald Trump's Personal Lawyer
- 💰Telegram Launches NFT Phone Numbers
- 👌Selected Meme of The Day
- 📰Bite-Sized News
ALAMEDA RESEARCH INVESTMENT PORTFOLIO
Financial Times journalists have unveiled a large document presenting FTX and Alameda's venture capital activities.
This package includes almost 500 investments. And the total amount invested exceeds $5.4bn.
These documents are... Excel screenshots. They were taken from an Excel spreadsheet created in early November.
At the time, FTX was just getting into trouble and Sam Bankman-Fried was urgently seeking funding.
Judging by the table, SBF did have blurred lines between FTX and Alameda.
For example, investments in crypto-mining company Genesis Digital and studio Anthropic appear on both firms' balance sheets.
We see Sequoia Capital and Anthony Scaramucci's SkyBridge Capital brands among other large recipients of investments.
Interestingly, despite the feud with Elon Musk, SBF has invested in his SpaceX and Boring Company projects. The remaining investments are mostly in blockchain start-ups.
If the document is proven to be legitimate, it could help recover money defrauded crypto-exchange customers.
In addition, it is possible that a court will agree to attach it to the bankruptcy case. Things would get interesting.
TL;DR: Financial Times has, allegedly, obtained a table with an extensive list of companies that Alameda Research has invested in. The total amount of venture capital investment was $5.4 billion.
SBF HIRES DONALD TRUMP'S PERSONAL LAWYER
The former head of FTX has hired Mark Cohen to represent him in court.
Mark Cohen is a renowned lawyer, a former federal prosecutor, and worked personally with Donald Trump in 1999.
Since 2007, he has worked for The Trump Organization, serving on the Trump World Tower Condominium Board and the Trump Park Avenue Condominium Board.
Cohen now runs the law firm "Cohen & Gresser". He also runs litigation and arbitration panels.
During his career, he has repeatedly and very successfully defended individuals accused of insider trading and other business wrongdoing.
Last week Bankman-Fried appeared at several public appearances to discuss the downfall of FTX.
In these interviews, SBF said he was acting against the advice of his legal team because his lawyers had completely barred him from discussing the company's affairs.
We'll see what SBF is about to hear from Trump's top lawman.
TL;DR: Disgraced crypto-businessman SBF hires top lawyer Mark Cohen. He previously worked personally with Donald Trump.
TELEGRAM LAUNCHES NFT PHONE NUMBERS
Wanna join Telegram, but don't want to use your phone number for creating an account?
Say no more. Telegram hears you. They're introducing the option of registering an account without a phone number.
To do so, the user needs to purchase a virtual anonymous number. It is sold on the Fragment Marketplace for TON tokens. One anonymous number will cost from 9 TON (~$16).
Anonymous numbers have been given the code +888. They are made in NFT format.
That is, the ownership of the number will be recorded on the blockchain. But unlike regular phone numbers, it is not possible to identify the owner here.
BTW, have you joined our Telegram Channel yet? We share instructions, news, and updates about airdrops, testnets and various other opportunities. Don't miss out, join us here!
TL;DR: Telegram has introduced the option of creating an account without using your phone number. They've launched 'anonymous' NFT numbers. They cost around $16.
SELECTED MEME OF THE DAY
BitDegree Insider @BitDegree1:30 PM • Dec 7, 2022
9 Likes 0 Retweets
BITE-SIZED NEWS
- UK to Impose New Set of Rules to Regulate Crypto Industry.No more anarchy in the UK.
- Ledger Join Forces with iPod Classic Co-Creator to Launch Crypto Cold Wallet. As predicted, the renaissance of cold wallets is here.
- LGND.io, Warner Music, Polygon to Launch Music and Collectibles Platform.New shapes, new forms, new art forms.
- ConsenSys Updates its Privacy Policy After Major Backlash from Community. Vox populous was heard.
- Binance's Future Top Rival: Kraken or Coinbase? Asking the real questions.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
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Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.