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In a Twitter Space hosted by Mario Nawfal, Twitter CEO Elon Musk shared his impression of Sam Bankman Fried when latter approached him regarding a potential investment in Twitter.

Bankman-Fried contacted Musk in March, expressing his desire to participate in Musk’s bid for Twitter. When asked about SBF’s involvement in the deal in the  ‘Emergency Space‘ on Twitter, Elon said  “I had never heard of him. People told me that he’s got money that he wants to invest. And I talked to him for about half an hour.”

Also Read: Reports Suggest More Than $1 B In Customer Funds Missing At FTX
“My bullshit metre was like redlighting. This dude is full of shit. That was my impression,” he said. Elon told the audience, “That dude is just so wrong. He does not have capital. And he will not come through. That was my prediction. And that’s definitely what happened.”

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Elon Musk’s reaction to meeting SBF. Taken from an earlier Twitter spaces. h/t @rugmedry
pic.twitter.com/xtlXiGdZzb

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— Autism Capital 🧩 (@AutismCapital) November 12, 2022

Later, the host asked Elon Musk what recommendation he would give to the crypto community as it scrambles to save itself post FTX’s meltdown. To this, Elon agreed with the host’s stance on not storing crypto assets on exchanges, saying “Not your keys, not your wallet.”
Also Read: US Midterm Elections and FTX Collapse: Here’s How Crypto Twitter is Reacting

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Dhirendra is a writer, producer, and journalist who has worked in the media industry for more than 3 years. A technology enthusiast, a curious person who loves to research and know about things. When he is not working, you can find him reading and understanding the world through the lens of the Internet. Contact him at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

FTX News: Sam Bankman-Fried (SBF), Former CEO of FTX has been alleged of funding and lobbying in Washington, D.C over the last year. Now, the XRP holder’s lawyer has claimed that SBF and U.S. SEC are working on a negotiation deal.

Is SEC bailing out SBF?
John Deaton, Amicus Curiae in the XRP lawsuit called US representative candidates to get ready to file Subpoenas over SBF’s mother, Barbara Fried. He asked to add private emails, texts and messaging apps.
He claimed that SBF’s mother has likely reached out to Gary Gensler, SEC chair in an attempt to bag negotiations deal for her son. This will be an attempt to avoid a life sentence for the Ex FTX CEO.
Earlier, Coingape reported that expert believes that the US Watchdogs including SEC might be helping SBF to get away from the FTX crisis. However, the commission has already launched a probe on the FTX US. The agency will also investigate the probable connection between FTX and several other firms regarding SBF.
XRP Lawyer drops some of his perspectives on the FTX crisis handling. He highlighted that a software developer sits in jail without any clear evidence of what he did. There is just a piece of evidence that he provided the code.

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Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Place/Date: – November 12th, 2022 at 11:17 am UTC · 3 min read Source: Orbeon Protocol ApeCoin (APE) has seen losses in both value and trading volume over the last few months as the hype around the coin, designed to emulate the success of the famous NFT project Bored Ape Yacht Club (BAYC), loses support.As things stand, ApeCoin (APE) has only been able to rise with sufficient hype to drive demand behind the coin, and without this, investors are selling their ApeCoin (APE) daily. As a result, Orbeon Protocol (ORBN) is seeing a massive influx as analysts predict a 6000% increase in value by the end of presale. Orbeon Protocol (ORBN) is Made for InvestorsOrbeon Protocol is radically shaking-up the crowdfunding and venture capital sectors, giving everyday investors the chance to invest in exciting new start-up opportunities worldwide. Orbeon Protocol does this by minting fractionalized, equity-backed NFTs, which can be purchased for as little as $1. Each fractionalized NFT represents a stake in a real-world business.Companies seeking investment can skip the regulatory hurdles and cynical middlemen of old, instead forming a community with their investors directly on the Orbeon Protocol platform.A significant attraction is the sheer capability of the whole ecosystem. As well as creating a groundbreaking route  to investment, they also provide a platform to swap cryptocurrencies between users, an exchange for trading business fractions, as well as a dedicated secure wallet to track portfolios.As well as this, the native ORBN token provides holders with benefits such as bonuses on staking their tokens, governance rights to decide the direction Orbeon protocol takes, and access to exclusive investor groups.The price of ORBN is currently $0.004 in the presale phase which opened at the end of October and will run until early 2023. Experts predict a price rise of up to 6000% in that time.ApeCoin (APE) Lacks Identity and PurposeAPE has always been a peculiar cryptocurrency. ApeCoin, a combination of other currencies, has long struggled with its identity, perhaps on purpose. Since ApeCoin is a decentralized autonomous organization, APE holders can take part in governance decisions, cast votes on money allocations, regulations, partnerships, and project selection. However, it is dogged by a lack of real-world value and doesn’t appear to have any identifiable purpose. Hence, it is held in contempt by more serious crypto players, who often criticize it for lacking utility and being based purely on hype.Following its launch, ApeCoin did generate a great deal of buzz and publicity but, as time passed, this proved unsustainable. ApeCoin lost a disheartening 80% of its value during 2022 and many industry analysts are, understandably, negative about its long-term prospects. Furthermore, there doesn’t appear to be much that the ApeCoin founders can or are willing to do to breathe new life into the coin.SummaryAs ApeCoin begins to stagnate, the market consensus becomes clear; Holders are selling their APE for projects with more utility, viability and potential to solve real-world problems. Orbeon Protocol (ORBN) fits the bill for all of these, and investors are swarming the project – price predictions see the ORBN token surging from $0.004 to $0.24.Find Out More About The Orbeon Protocol: Presale, Website, Telegram. Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release. Created with Sketch. Subscribe to our telegram channel. Join

The past couple of days have been a complete rollercoaster in the cryptocurrency field, and there are no signs of slowing down.
Just yesterday, FTX officially filed for voluntary Chapter 11 Bankruptcy proceedings in the US, sending the markets into another meltdown.
Bitcoin Plunges Toward $16K
Bitcoin’s price can’t catch a break. After attempting a recovery following positive CPI numbers Thursday, the cryptocurrency experienced another meltdown on Friday.
BTC plunged from above $18K down to almost $16K (on Binance).
Source: Binance via TradingView
As seen in the above chart, the cryptocurrency has since recovered to where it currently trades at around $18,800, but it remains down 3% in the past 24 hours.

Cosmos reaches new milestone in terms of IBC transfers
Comsos TVL witnesses an uptick. However, fees generated by Cosmos declines

 Cosmos, which was in the news recently for launching an update around its DeFi network, registered a new milestone in terms of IBC transfers.

Read Atom’s Price Prediction 2022-2023

According to a tweet posted by IOBscan on 10 November, the total value of transfers from Cosmos rounded out to $8.7 million. This spike in the number of transfers could indicate a positive future for the network.

Do you know the total value of all #IBC transfers from @cosmoshub in the latest 500k records?
At the moment it’s counted as $8,739,128,066 😱
Find out at https://t.co/0yZssDyo5p! pic.twitter.com/ejbzwqAeYF
— IOBScan (@iobscan_ibc) November 10, 2022

Cosmos’ DeFi angle
 Cosmos’ total value locked (TVL) depreciated after 7 November, as can be seen from the image below. However, after 10 November, there was a slight uptick. This improvement in Cosmos’ DeFi space could be attributed to the launch of a DEX called Duality, which would launch with Interchain Security.
After this announcement, Comos’ TVL had appreciated by 18.60%, while its TVL was at $489,966 at the time of writing.
Source: DefiLlama
Along with the uptick in terms of TVL, ATOM also observed a surge in its volume. Over the past seven days, ATOM’s volume grew from 270 million to 320 million. 
However, its development activity continued to decline during this period. This indicated that the number of contributions made by ATOM’s team to its GitHub had gone down.
Source: Santiment
Furthermore, along with declining development activity, the fees generated by Cosmos dropped as well. According to data provided by Token Terminal, the fees generated by Cosmos depreciated by 10.5% in the last 30 days. Its circulating marketcap fell by 8.9% during the same period.
Source: token terminal
Along with its market cap, ATOM’s price depreciated as well. After testing the $15.610 support on 5 November, ATOM’s price decreased by 38.85%. The token ultimately tested the $9.49 support level on 10 November. However, since then, its price appreciated by 25%, and was trading at $12.01 as of 11 November.
ATOM’s Relative Strength Index (RSI) stood at 45.75, indicating that the coin’s momentum was slightly bearish at the time of writing. However, the Chaikin Money Flow (CMF) registered an uptick over the course of the last few days, implying a positive outlook for ATOM.
Source: Trading View

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Courtesy of Charles Hoskinson’s TwitterCharles Hoskinson has thrown shade on Ethereum, a project he co-founded before moving to Cardano.Going by data from Mevwatch.info, 62 percent of all blocks added to the Ethereum blockchain in the last 30 days have enforced OFAC compliance.Charles Hoskinson, the founder of the Cardano blockchain, has continued aiming barbs at the Ethereum blockchain, comparing it to a horror movie. Hoskinson, in response to a graphic depicting the number of blocks produced by the Ethereum blockchain that are compliant with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) since the Merge stated that Ethereum is now comparable to both Hotel California and the Shining. Ethereum now has a two for one: Hotel California and the Shining https://t.co/O5X0gXAkuZ pic.twitter.com/27WY5BcpLo— Charles Hoskinson (@IOHK_Charles) November 11, 2022The Shining is a popular horror movie released in 1980 based on a Stephen King novel. The movie has been interpreted to have consistent themes of subjugation and putting American imperialism in focus. Hoskinson explains the pop culture reference to stem from the fact that with the Ethereum blockchain adhering to censoring transactions based on OFAC recommendations, the U.S. government decides who gets to use the network.  Follow us for the latest crypto news!“Means that blocks are OFAC compliant. So the US government gets to decide who uses Ethereum,” he wrote in a follow-up tweet. The trend of OFAC-compliant blocks being the majority of blocks added by Ethereum validators has been a long-standing issue on the Ethereum network. It comes from miners, and now validators, using mev-boost—a service that allows outsourcing of block production to increase APR. Going by data from Mevwatch.info, 62 percent of all blocks added to the Ethereum blockchain in the last 30 days have enforced OFAC compliance. However, the developers of Ethereum have disclosed plans to correct the issue. In a recent update to Ethereum’s development roadmap disclosed by Vitalik Buterin, co-founder of the blockchain, a new milestone of development called “the Scourge” was added to the document that will focus on ensuring that MEV (or Miner Extractable Value) is phased out from the network. Hoskinson creating tense relationships with other blockchain projectsThe latest tirade is not the first time Hoskinson has pointed out flaws in Ethereum, which is a co-founder of, and wither blockchain networks. Shortly after Ethereum completed the move to being a proof-of-stake (PoS) network with the Merge upgrade, Hoskinson called out Ethereum devs for ignoring Cardano’s Ouroboros PoS implementation. He has also criticized networks like Ethereum Classic, calling it a dead project. He also recently described Dogecoin as a centralized project. This has earned him a controversial status in the crypto space even as Cardano also continues to receive its fair share of criticisms for moving too slowly with development. 

Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing cash exchange transactions in the region, where there are multiple dollar exchange rates.
Bitso Launches QR Payment Service for Travelers
Bitso, one of the leading cryptocurrency exchanges in Latam, has launched a QR-based payments service that aims to allow travelers to pay with cryptocurrencies in Argentina.
The service seeks to make the lives of tourists arriving in the country easier, by allowing them to pay for services and goods with cryptocurrencies at all merchants using the popular QR payments method. Bitso’s objective is to serve as an integral payment service, avoiding the hassle of exchanging foreign currency for cash in a country like Argentina where there are more than 14 different dollar exchange rates.
About this development, Santiago Alvarado, SVP of product at Bitso, stated:

Most restaurants, supermarkets, and shops accept QR payments. By offering this product to foreigners visiting Argentina, we are helping them make the most of their money and time by avoiding exchanging cash for local currency and letting them make contactless crypto payments in seconds right from their phones.

The service will receive stablecoins, bitcoin, and ether, and will make instant exchanges at the time of payment, with the counterparty receiving Argentine pesos.
Bitso aims to capture some of the growing streams of tourists that are traveling to the country after the Covid-19 quarantine season has ended. According to the company, Latam’s tourism industry is experiencing a resurgence, with searches for places to travel in the area growing by 113%.

QR Payment Growth
Bitso is able to offer this functionality due to the implementation of QR payments that the company announced in September, giving users the capability to pay in an immense number of stores and merchants that are already using this new form of payment. The company included this function to allow customers that had been using the platform as a savings tool to pay with their cryptocurrencies, avoiding external cash exchanges.
QR payments have also been growing steadily in the country, reaching a record number of more than three million payments made using this tool in September.

Tags in this story

Argentina, Argentine Peso, Argetine peso, Bitcoin, Bitso, Cash, ether, exchnage rates, qr payments, Stablecoins, Tourism, Travelers
What do you think about Bitso’s QR payments program for tourists in Argentina? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wirestock Creators / Shutterstock.com

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More Popular NewsIn Case You Missed It

The problems with FTX don’t seem to stop. After failing to honor customer withdrawals, revealing a multi-billion hole in its balance sheet, and ultimately declaring bankruptcy, the exchange is suffering another major exploit.
Millions of dollars seem to have been drained from FTX addresses.

Upwards of $400 million in crypto left the exchange wallets late Friday night with little to no explanations as to why that happened.
The company’s General Counsel, Ryne Miller, took to Twitter to explain that they are investigating.

Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it.

He also explained that the company initiated precautionary steps to move all of the cryptocurrency to cold storage.
It was also reported that the FTX official Telegram group saw admins claim that the exchange was hacked.

FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans.
The story is developing. 

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
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