Posts

Showing posts with the label important

Sam Bankman-Fried just failed the most important exam of his life

At a glance Under cross-examination on Monday, Sam Bankman-Fried was evasive when confronted with his own incriminating comments — seemingly failing what may prove to have been the biggest exam of his life. Judge Kaplan was visibly irritated with Bankman-Fried, at one point snapping at the FTX founder to “just answer the question.” Bankman-Fried’s evasion tactics included splitting hairs and conveniently failing to recall events that would have made a lasting impression on most. On Monday October 30, Sam Bankman-Fried took the stand in his own defense, facing cross-examination by Assistant US Attorney Danielle Sassoon. The proceedings frequently verged on farce, as the FTX founder was again and again confronted with seemingly hard evidence of fraudulent claims made by him over the years. Sassoon presented Bankman-Fried with a relentless catalog of his own direct quotes and official FTX promotional material that touted the exchange as safe, or that denied...

Shiba Inu: Here's why LEASH is important to the SHIB ecosystem

The Shiba Inu (SHIB) ecosystem has grown to new heights in just two years. SHIB has an ambitious goal, to play a significant role in the future Web3 revolution. It is developing its metaverse initiative as well as its network, Shibarium. SHIB has two offspring tokens, BONE, and LEASH. BONE is set to play a significant role in the upcoming Shibarium network. LEASH, on the other hand, grants its holders exclusive rights to claim land in the project’s future metaverse. However, many are uncertain about what LEASH is, and why it is important . What is Shiba Inu’s LEASH? LEASH was initially used to track Dogecoin’s (DOGE) price as a rebase token. The token is also named “Doge Killer.” Developers of SHIB, however, chose to convert LEASH into an ERC-20 token. Being an ERC20 token, LEASH is hosted on the Ethereum blockchain. Holders of LEASH tokens can stake their holdings in the liquidity pool in exchange for xLEASH. Intentionally created to be a rare ...