Dogecoin Supporter Elon Musk Lost His Richest Men Tag
Dogecoin fan Elon Musk has lost his title as the world’s richest person to French fashion mogul Bernard Arnault. At this time, they are each worth $185.4 billion and $185.3 billion, respectively. With a net worth of $134.8 billion, Indian coal tycoon Gautam Adani comes in third. The net worth of Jeff Bezos, the founder of Amazon, is $115 billion. With a net worth of $107 billion, Warren Buffett, the CEO of Berkshire Hathaway and one of the harshest critics of cryptocurrencies, is also among the top five richest people in the world. (coingape)
Bankman-Fried may Face Subpoenas if he Does not Testify
Sam Bankman-Fried may face subpoenas from U.S. Congress committees if he fails to voluntarily attend and testify at the two separate congressional hearings next week on the collapse of FTX.com and Alameda Research, the cryptocurrency exchange and its brokerage arm he founded. (forkast)
Telegram to Allow No-sim Accounts via Anon-Blockchain-Numbers
Messaging app Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers. Telegram already hides people’s private phone numbers from non-added users on the app, however, users will now be able to hide numbers from everyone, which is likely to please people who value privacy-focused features. (Cointelegraph)
Ethereum Sharks and Whales Add Nearly $700 Million in $ETH in Two Days
According to data from on-chain analytics firm Santiment, Ethereum shark and whale addresses – those holding between 100 and 1 million $ETH – now own two-thirds of the cryptocurrency’s supply after adding 2.1% more over two days in an accumulation trend. The firm noted that 561,000 $ETH, worth nearly $700 million, went into these addresses as their accumulation saw their holdings move back to pre-Merge levels. (cryptoglobe)
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. (Bitcoin.com)
ImmutableX and MoonPay Bring NFT Checkout to ImmutableX Partners
ImmutableX, in partnership with MoonPay, is thrilled to announce NFT Checkout! The Moonpay primary NFT sale checkout feature enables users to mint and owns an asset using a credit or debit card. In its mission to onboard the next billion users to web3, removing pain points and designing frictionless processes will continue to be imperative as we develop products. One process that is core to web3 is purchasing an NFT. Mainstream users currently face significant friction when trying to buy NFTs, as the process is unfamiliar and confusing.
Crypto Lender Celsius' Bankruptcy Judge Orders It to Return $50M of Crypto to Custody Account Holders: Bloomberg
A U.S. bankruptcy judge involved in the Celsius Networks bankruptcy case ordered the crypto lender to return crypto worth $50 million to users of custody accounts, Bloomberg News reported on Thursday. Celsius, about a month after its bankruptcy filing in July as reported by Coindesk, in September filed to return custody holders' funds to them, ahead of a separate hearing to address ongoing questions about its efforts to restructure and relaunch its operations. (Coindesk)
Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP
DJs and NFT enthusiasts Steve Aoki and Justin "3LAU" Blau have teamed up on a conceptual music and art project called PUNX, inspired by their own CryptoPunks non-fungible tokens (NFTs). According to a press release, the project will be "an innovative audio-visual IRL-meets-metaverse supergroup" that uses the duo's CryptoPunks in its visual imagery. The group claims to be the first DJ set associated with CryptoPunks, which released intellectual property rights (IP) to holders in August after being acquired by Yuga Labs. (Coindesk)
Class Action Against Kim K, Mayweather Over EMAX Dismissed at the Time Being
A federal judge in California has dismissed a class action lawsuit against reality TV star Kim Kardashian, boxing champ Floyd Mayweather and the founders of EthereumMax, explaining that the submissions failed to meet the “heightened pleading standards” for fraud claims. (Cointelegraph)
Terra Classic Devs Abandon Do Kwon’s Terra Station to Launch LUNC Wallet for Full Independence
Classy Crypto, a pseudonymous crypto influencer and node validator on the Terra Classic network made this development known on Wednesday via a tweet. Classy shared a screenshot of a discussion in the Terra Rebels (TR) Discord channel, where ClanMudHorn, the group’s admin, stated that Terra Rebels will no longer support Terra Station. ClanMudHorn added that TerraCVita (TCV), another independent group working towards the growth of LUNC is the new custodian of Terra Station. In his words, “Terra Station is appearing to still have some issues. Please redirect all TR issues to TCV as they are its new custodian.” （timestabloid）
