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FTX to Sell Custody Unit for $500K After Paying $10M Just Months Before Collapse The bankrupt exchange's unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList. FTX will sell Digital Custody Inc. (DCI) to CoinList for 95% less than it bought in 2022. DCI's original CEO will provide financing to CoinList for the purchase. Debtors said that DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota. Sam Bankman-Fried's defunct exchange FTX plans to sell one of its units it bought for $10 million just months before bankruptcy, for a mere $500,000 to the token sale platform CoinList. FTX purchased Digital Custody Inc. (DCI) for a total price of $10 million on Aug. 6, 2022, from Digital Finance Group and DCI's CEO Terrence Culver, according to a court filing. The exchange filed for bankruptcy on Nov. 11 that same year after CoinDesk unveiled that not everything was as it seemed for Bankman-Fried's empire. DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never integrated into either operation. Following the sale of LedgerX – and after FTX said it wouldn't restart or sell its exchange – DCI had "relatively few operations," according to the court filing. Still, DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota, according to the filing. #Write2Earn #TrendingTopic #BTC $BTC
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$#BTC Climbs Above $50,000; Why is Bitcoin Up Today? Bitcoin has seen an impressive sure today that has seen #BTC finally climb above $50,000. The asset has surpassed its two-year high as optimism and institution investment certainly catapulted the asset to the current level. Just one day prior, the cryptocurrency closed at its highest monthly level, surpassing the $48,000 mark. $BTC Indeed, Bitcoin has jumped more than 110% since this point last year and showed impressive growth not even two months into 2024. The landmark approval of 11 Spot Bitcoin ETFs this year undoubtedly had something to do with the increase, but why else has #BTC $50,000 today? $BTC
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$BTC #CryptoTab - A browser that allows users to earn #BTC #CryptoTab is a web browser that allows users to earn Bitcoin rewards while browsing. #CryotoTap actually mines the Monero (XMR) cryptocurrency and converts it to Bitcoin to pay out rewards. On mobile devices, the CryptoTap browser uses cloud mining, which the company calls Cloud.Boost. Besides the Android version, the CryptoTap browser is also available as a desktop application and as an iOS app. The CryptoTap browser is based on Chrome, which is the world’s most popular web browser. This means that it’s easy to import your bookmarks and history, and you can also use any Chrome browser extensions with #CryotoTap as well.$BTC 👇👇👇 https://cryptotabbrowser.com/39301510
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#Elon.Musk $BTC Starship preparing to #launch as early as November 17, pending final regulatory #approval → spacex.com/launches https://twitter.com/SpaceX/status/1723158118706839819?t=zYL9WTCLy0-T05LG5xfj8w&s=19
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#ElonMusk. unveils Grok, an AI chatbot with a ‘rebellious streak Boss of #X said tech being tested is inspired by Hitchhiker’s Guide to the Galaxy #ElonMusk. has unveiled Grok, an artificial intelligence chatbot with a “rebellious streak” inspired by The Hitchhiker’s Guide to the Galaxy. https://twitter.com/elonmusk/status/1720635518289908042/photo/1?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1720635518289908042%7Ctwgr%5E6cb8fb0759f09e4d4a6202a9dbe3a79ca70b80b4%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fd-32650647962809446160.ampproject.net%2F2310201815000%2Fframe.html The Tesla CEO, who warned last week that AI was “one of the biggest threats to humanity”, said the competitor to ChatGPT would be made available to premium subscribers on his #X platform after testing. Musk also revealed that Grok had access to user posts on X, which he owns, and has a penchant for sarcastic responses. #ElonMusk. posted an apparent example of Grok’s playful tone with a screengrab of a query to the chatbot asking it for a “step by step” guide to making cocaine. The four steps outlined in the reply include “obtain a chemistry degree” and “set up a clandestine laboratory in a remote location”. However, the chatbot adds at the end: “Just kidding! Please don’t actually try to make cocaine. It’s illegal, dangerous, and not something I would ever encourage.”
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