Kategorie: Fernsehshows

• Stanford University alumni Larry Kramer and Andreas Paepcke were revealed as the co-signers of FTX Co-Founder Sam Bankman-Fried’s $250M bond.
• Bankman-Fried is currently out on bail and faces eight counts of financial misconduct for allegedly mishandling customer funds.
• Kramer is the president of the left-leaning Hewlett Foundation, while Paepcke is a senior research scientist in computer science at Stanford University.

Background

Sam Bankman-Fried (SBF), co-founder of FTX, faces eight counts of financial misconduct for allegedly mishandling customer funds. He is currently out on bail and is being monitored by an ankle bracelet, with his trial scheduled for Oct. 3, 2023. SBF’s $250 million bond agreement was secured by his parents‘ Stanford faculty home, and two co-signers backed the agreement.

Unsealed Co-Signer Names

The names of the two bail bond co-signers that were previously redacted from court documents were recently unsealed by the New York judge presiding over the case Wednesday. They are prominent members of Stanford University: former dean of Stanford Law School Larry Kramer (from 2005 to 2012) and senior research scientist in computer science Andreas Paepcke.

Kramer’s Statement

In a statement sent to multiple media publications, Kramer said: Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s. During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends — bringing food, providing moral support, and frequently stepping in at moment’s notice to help. In turn, we have sought to support them as they face their own crisis.“

Paepcke’s Background

According to his bio, Paepcke is interested in ‚interfaces and systems‘ and leverages ‚data analytics to create tools that benefit these online efforts.‘ Some people on Twitter have commented about Paepcke’s involvement but he has not responded to requests for comment so far.

Conclusion

The identities of Sam Bankman-Fried’s bail bond co-signers have been revealed as two prominent members of Stanford University: Larry Kramer and Andreas Paepcke. While Kramer has expressed his support for SBF’s parents in a statement sent to multiple media publications , there has yet been no response from Paepcke regarding his involvement or comments from Twitter users about him so far .

• Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service due to the “ongoing crypto-winter.”
• The company was originally established to drive global financial inclusion and peaked in its first few years but eventually centralized exchanges surpassed it.
• Despite launching an Android mobile app during the 2021 bull market, Localbitcoins never regained the volume it saw in 2017 and continued to decline.

Localbitcoins Closes After Decade of Service

Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service due to the “ongoing crypto-winter.” New sign-ups will be suspended as of Feb 9th 2023 and trading will be suspended seven days later on Feb 16th. Following this suspension users will only be able to withdraw their bitcoins within 12 months.

Driving Global Financial Inclusion

Originally Localbitcoins was established to bring bitcoin everywhere and drive global financial inclusion. It became popular for peer-to-peer trades globally but centralized exchanges eventually surpassed it leading Localbitcoins to become more prominent in regions without centralized trading options. Despite this peak period from 2013-2023 there were challenges that caused its demise including Know Your Customer regulations and ending in person trades which made the platform less appealing for peer to peer traders.

Launch of Android Mobile App

In 2021 during a crypto bull market and resurgence in digital currency prices Localbitcoins announced the launch of an Android mobile app however despite this effort they never regained their volume that was seen back in 2017 as statistics show that their current volume is as low as it was during 2015’s bear market.

Crypto Winter Impact

Ultimately regardless of efforts by Localbitcoins to overcome challenges presented by crypto winter they have been unable continue offering bitcoin trading services thus leading them to announce their closure on February 9th 2023 where new sign ups will be suspended followed by trading being suspended seven days later on February 16th with users having twelve months only able to withdraw their bitcoins before full closure takes place.

Conclusion

This news marks a sad end for one of cryptocurrency’s pioneering exchanges who strived for ten years towards achieving global financial inclusion through providing people with access to Bitcoin but ultimately could not survive against powerful forces like Crypto Winter which has caused many exchanges and companies across various industries alike struggle or perish altogether leaving behind lessons learnt about managing risk and sustainability when operating during volatile markets such as cryptocurrencies can present us with at times

• London is the world’s leading hub for cryptocurrencies according to research from Recap, a cryptocurrency tax software company.
• Recap used eight indicators to identify the top global cryptocurrency hubs, with London named the “most crypto-ready city” due to the number of cryptocurrency businesses and ATMs in the city.
• Dubai and New York are the second and third largest hubs, respectively, due to their 0% tax rates and large number of cryptocurrency-based companies.

The cryptocurrency market has grown exponentially in the past few years, with a surge in the number of businesses and individuals investing in digital assets. This growth has been accompanied by an increasing number of cryptocurrency hubs, which provide a platform for businesses and individuals to invest and trade in cryptocurrencies. Now, according to research from Recap, a cryptocurrency tax software company, London has been crowned the world’s leading hub for cryptocurrencies.

To identify the top global cryptocurrency hubs, Recap analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. The research found that London was the “most crypto-ready city” due to the large number of cryptocurrency businesses and ATMs located in the city. In addition, the research highlighted the fact that London hosts the second-highest number of cryptocurrency-related events and conferences in 2022, aligning with U.K. prime minister Rishi Sunak’s goal to establish the United Kingdom as the world’s hub for cryptocurrency technology and investment.

Dubai, the most populous city in the United Arab Emirates, was named the second largest cryptocurrency hub, with 772 cryptocurrency-based companies. The report details that Dubai’s appeal as a residence for cryptocurrency investors is due to its 0% tax rate, making it an attractive destination for those looking to invest in digital currencies.

New York was the third largest hub, with 843 firms specializing in cryptocurrency and blockchain technology. The American city is also home to the largest investment in cryptocurrency research and development compared to its GDP, making it an attractive destination for investors and entrepreneurs.

Overall, the research from Recap highlights the importance of cryptocurrency hubs, as well as the potential for growth in the industry. As the adoption of digital currencies continues to increase, the need for these hubs will grow, making them increasingly important for investors and entrepreneurs.