2023-09-19

πŸ™„ SBF Scandal: Parents in Hot Water!

Good morning, beautiful people,Remember, this is a marathon, not a sprint!

Ok...let's cross the start line!

  • 😾 Stoner Cats Off-Market

  • πŸ‘ͺ Bankman-Fried Family Feud

  • πŸ•ΈοΈ Weaving a Web of Blockchains

β›” Mila Kunis' NFT Show Faces Trade Ban

The popular "Stoner Cats" NFTs, backed by actress Mila Kunis, have hit a stumbling block.

Following charges by the US Securities and Exchange Commission (SEC), prominent marketplaces OpenSea, Rarible, and Blur have halted trading of these digital felines.Launched in 2021, these Ethereum NFTs grant holders access to a celeb-filled animated series about cats with, well, elevated habits. πŸŒΏπŸŒ¬οΈNot your usual catnip!! Now, with OpenSea acting as a mere window shopper's paradise, the NFTs are disabled but still visible.Rarible has distanced itself completely, citing "market monitoring."(Translated to covering of one's own butt!) πŸ‘But all's not lost for these high-flying cats. Platforms like LooksRare and X2Y2 are still rolling out the welcome mat for trades.Despite the turbulence, these NFTs are sitting pretty in their holders' wallets, ready for the next episode.

πŸ‘ͺ FTX Targets Founder's Parents in Fraud Allegation

The crypto landscape is no stranger to drama, but FTX is taking it to family dinner tables.

In a recent legal twist, the FTX Debtors are suing Sam Bankman-Fried's (SBF) parents to retrieve allegedly swindled millions.As per the court documents, parents Bankman and Fried are accused of manipulating their FTX ties for personal gain.That family is just riddled with lies and deception (allegedly) πŸ€¬The script thickens as Bankman, not just a regular Joe but a seasoned tax law expert and Stanford law professor, transitioned from a voluntary role at FTX to a key advisory position.With a vast knowledge gap setting him apart from his peers, he became the go-to β€œadult in the room,” overseeing transactions worth billions.As a Gen X...I'd hate to be the adult in that room! *bashes head against wall! πŸ€ΉNow, with the court's gavel echoing, the Bankman-Fried family finds itself in a pickle, wrapped in allegations of internal treachery.

"Spiderchain": The Bridge Between Bitcoin and Ethereum

In an ecosystem where Bitcoin's unwavering dominance is often pitted against Ethereum's unmatched programmability, "Spiderchain" emerges as a harmonizing thread.

In the digital world of cryptocurrency, Spiderchain is building a similar bridge, fusing Bitcoin's security with Ethereum's versatility.

A marriage...of convenience? πŸ©

Born from numerous discussions about Bitcoin drivechains, Spiderchain, a brainchild of Botanix Labs, is touted as an innovative "2-way pegged sidechain."

Essentially, it's like adding a new lane to Bitcoin's highway, granting users extra features without building a whole new road. 

OK...but what about the road works? πŸ€”

Jameson Lopp, Casa's co-founder, spotlighted Spiderchain's promise in a recent blog post. This novel system lets Bitcoiners safely shuttle their BTC to and from the sidechain without an intermediary.

And the cherry on top? It's built on the existing Bitcoin core, so no major changes are required!

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