This Week On Crypto Twitter: Another Elon Musk Company To Accept Dogecoin And 3AC Founders Might Be AWOL

This Week On Crypto Twitter: Another Elon Musk Company To Accept Dogecoin And 3AC Founders Might Be AWOL
Written by admin

Illustration by Mitchell Preffer for Decrypt

The week was really a mixed bag.

Leading cryptocurrencies regained lost ground After weeks of general but commercial declines, Vauld and Voyager became the latest cryptocurrency lenders. to fight insolvency after Celsius and BlockFi.

On that note, former leading crypto hedge fund Three Arrows Capital (3AC) recently filed for Chapter 15 bankruptcyAnd now the company’s lawyers, according to that file, can’t locate the founders, Su Zhu and Kyle Davies.

So, crypto bailouts have started, with billionaire Sam Bankman-Fried at the helm. His exchange, FTX, extended a $250 million line of credit battered crypto lender BlockFi last month. The next day, Alameda Research, another SBF company, granted Voyager Digital a $500 million line of credit. Two weeks later, FTX reached an agreement to acquire BlockFi directly. Now, Alameda already voyager due 377 million, so this was a borrower bailing out his lender.

Binance CEO Changpeng “CZ” Zhao criticized the deal in an interview for Decrypt GM Podcast. CZ also said he’s looking to do some bailouts of his own: “Some of them are really good deals. So I think you’ll see that we’ll be investing, bailing out, bailing out multiple projects.”

TRON’s Justin Sun also made it clear that he is ready.

The worst. Breach. Ever.

The news broke earlier in the week that the personal data of over a billion people had been purchased from a shanghai police database and was offered for 10 Bitcoin (at the time it was worth $202,000).

According to Bloomberg, the data included everything from names and national identification numbers to mobile phone numbers and food orders. And there were timestamps for when the details were recorded.

CZ offered a technical explanation.

rich guys

Billionaire CEOs and cryptocurrency HODLers Michael Saylor and Elon Musk bought their favorite coins this week. Saylor tweeted how much value Bitcoin has gained since his company, MicroStrategy, first announced its plan to buy and HODL. (Forgot to mention that it’s still down on your investment.)

and the business of CNN reported that another of Elon Musk’s firms, The Boring Company, will accept Dogecoin for rides on a new underground transit system in Las Vegas that allows passengers to move around the city in Teslas at about 35 mph.

And finally

A major blackout of mobile networks and the Internet across Canada prompted TrustSwap CEO and Bitcoin advocate Jeff Kirdeikis to reflect on his favorite cryptocurrency.

Do you want to be a crypto expert? Get the best of Decrypt straight to your inbox.

Get the biggest crypto news stories + weekly recaps and more!

About the author


Leave a Comment