Crypto Market Overview September 28th | Dex-Trade
Buterin's Authorial Debut: Chasing Proof of Stake
The co-founder of Ethereum, Vitalik Buterin, has been writing essays on blockchain and the crypto technologies that he has mastered for many years, and after switching his offspring from the PoW (Proof-of-Work) protocol to the PoS (Proof-of-Stake) protocol, he released his first book, which is called Proof of Stake. The book is a collection of Buterin's essays written on various topics related to cryptography, blockchain technology, mathematics, and even a number of humanitarian disciplines. It is reported that Buterin took 10 years to prepare the book, although in this case it is more likely that 10 years ago the future influencer of the crypto space got the idea to write a book. During the press release, Buterin also shared a link where interested fans can find the book. It leads to the Gitcoin platform, which is raising funds to support free web development. In addition, as a support for the free Internet, the businessman decided to donate all the proceeds from the sale of the book to finance Internet projects. And a little more "debut". This book is the world's first collection of essays on a fairly new blockchain model and a fairly recent consensus protocol. On top of that, this is the first time the author signs books using Eth keys. As you may have guessed, the book will also be available as an NFT, but there are no details on that yet.
Sam Bankman-Fried Wants to Bargain for Celsius Assets
The founder and CEO of the FTX crypto exchange, Sam Bankman-Fried, announced his desire to bid for the assets of the infamous company Celsius, which recently filed for bankruptcy. Now Bankman-Fried is bidding for the assets of the previously bankrupt cryptocurrency company Voyager Digital. Before the start of trading, FTX won an auction of Voyager Digital assets, which is currently valued at approximately $1.4 billion. At the auction, FTX managed to bypass several of the world's largest crypto exchanges, including Binance. Recall that in June, the trading and savings platform Celsius suspended the withdrawal of any user funds, swaps and even transfers between accounts, citing extreme market conditions. The company later filed for Chapter 11 bankruptcy protection. Its CEO, Alex Mashinsky, tried to restore the company's credibility, but failed and left his post. Interestingly, Bankman-Fried has been actively buying up crypto companies that are on the verge of bankruptcy (or even beyond it) since the beginning of the crypto winter. The purchases are made through FTX and Alameda, and the assets of the acquired companies are being sold off. So he struck a deal with another struggling lender, BlockFi. There has been talk in the crypto community about a potential acquisition of Robinhood, but so far it is nothing more than a rumor.
Do Kwon 'Didn't Try to Cash out Bitcoin' After Receiving a Red Alert
Probably, the crypto community will forever remember the 3,000 BTC that Do Kwon unsuccessfully put up for auction in order to contain the inevitable fall of the UST. However, Terra's shattered investors suspected something troubling, as Kwon allegedly created a new wallet for the Luna Foundation Guard (LFG), the non-profit organization behind Terraform Labs, shortly after he was issued an arrest warrant. At the same time, his other accounts on the KuCoin and OKX crypto exchanges contain 3,313 bitcoins (approximately $61.9 million), which, according to the South Korean police, he tried to withdraw after receiving a warrant for his arrest by Interpol. South Korean authorities have asked KuCoin and OKX to block Kwon's funds. KuCoin allegedly agreed to block about $27 million worth of bitcoin, while OKX reportedly did not want to cooperate with the authorities. However, no active actions have been recorded with either LFG accounts or any other accounts associated with Kwon. But something else is interesting: Kwon denies not only the attempt to withdraw funds, but also the fact that South Korean law enforcement officers blocked them. At the same time, he reports that he has not logged into his exchange accounts in KuCoin and OKX for more than a year. And then a completely natural question arises. Even a few...
