[Comparative Weekend Review] Information on the last round of financing before FTX's collapse came to light; BlackRock and Google are considering participation; the Swiss city of Lugano will accept Bitcoin taxes and launch the Bitcoin-linked stablecoin LUGA; the FLOKI community's new proposal to “launch a FLOKI staking program and launch a reward token” was approved

Comparative review of the weekend's key news:

[Information on the last round of financing revealed before FTX's collapse, BlackRock and Google are considering participation]

Compare the news, according to the previous oneFTXGeneral Counsel Can Sun testified that FTX's C1 funding round began “late summer and fall” in 2022. A table shows that there are 15 potential investors, includingBlackRock, Google, and Apollo are listed as “quick contact” targets. According to Sun, Apollo has been invited to invest in FTX to help resolve FTX's liquidity issues with customer withdrawals.

The table also shows that Google and BlackRock's chances of participating in the funding round were rated as “medium,” and that both companies were doing due diligence on SBF's exchange before FTX went out of business on November 11 last year. BlackRock CEOLarry FinkIt has been stated that the company has invested 240 million US dollars in FTX, but Google has never directly invested in SBF companies.
The trial also involved other testimonies, including the former CEO of AlamedaCaroline EllisonShe has pleaded guilty to several charges relating to this case. She revealed during the trial that Bankman-Fried had tried to raise capital by selling FTX shares. Although this is not reflected in the table, she said Saudi Arabia's Crown Prince Mohammed bin Salman had considered buying shares in FTX, but ultimately failed to reach an agreement.

[The Swiss city of Lugano will accept Bitcoin taxes and launch LUGA, a Bitcoin-linked stablecoin]

According to Twitter news, the Swiss city of Lugano announced the launch of Lugano (LUGA), a stablecoin linked to Bitcoin, which can be used for payments at more than 350 merchants across the city. Approximately 20% of Lugano people have an active Lugano wallet. From December 1, the city government of Lugano will also start accepting the use of Bitcoin for tax purposes. In addition, the city of Lugano also announced a grant of 50 million US dollars to startups in the cryptocurrency and blockchain sector, focusing on Bitcoin core development, Lightning Network development, and local public projects.

[FLOKI Community's New Proposal to “Launch the FLOKI Staking Program and Launch Reward Tokens” Approved]

Comparing news, the governance platform showed that the FLOKI community's approval for “launching the FLOKI Staking Program and Launching Reward Tokens” was approved, with an approval rating of 98.51%. If the proposal is approved: More details about the reward token will be released soon;FlokiThe staking program will go live on October 27, 2023.

Earlier, FLOKI launched a new token issuance proposal. The proposal indicates that the vast majority of the token's circulation will be obtained through FLOKI staking and will provide liquidity on UniSwap and PancakeSwap. The proposal has yet to release specific application scenarios for the token. The relevant description is “We have locked in a concept that is the key to an industry with trillion dollar potential.”

[friend.tech launches bug bounty program with a maximum reward of 1 million USDC]

Comparing news,friend.techLaunch a bug bounty program. Rewards will be distributed according to the severity of the disclosed defects and assets at risk, with a maximum reward of 1 millionUSDC. There are four levels of risk: critical: issues that can affect many users and have serious reputational, legal, or financial implications. For example, permanently locking up contracts or withdrawing money from all users; High: An issue affecting individual users that, if used, may pose a moderate threat to users' reputation, legal, or financial risk; Medium: The risk is relatively small and does not pose a threat to users' funds; Low/Informational: The issue does not pose an immediate threat, but is related to security best practices.

[Addresses that participated in the Ethereum ICO distributed 2,000 ETH to 4 addresses after being “dormant” for 8 years]

Comparative news, according toLookonchainAccording to monitoring, an Ethereum ICO participating address at the beginning of 0x6403, which had been dormant for more than 8 years (3004 days and 14 hours), transferred about 500 ETH to each of the 4 different addresses 30 minutes ago, and transferred out all 2000 ETH from its ICO.

[Coinbase Cloud: Will be the validator of dYdX Chain]

Comparatively, Coinbase Cloud announced on social media that it will support the upcoming dYdX Chain and become its validator. Coinbase Cloud said the launch of dYdX Chain will drive its protocol to fully decentralize and better control the trading experience. Since the P2P network itself is an order book, transactions can only occur when an order is filled out, while also making it easy for developers to build features for advanced traders.

Author: BitPushNewsKatie Lin

For more information, welcome to join:

Twitter:https://twitter.com/BitpushNewsCN

Compared to the Discord community:https://discord.com/invite/QSvv7MZ2tz

Compare the TG exchange group:https://t.me/BitPushCommunity

Compare TG subscriptions:https://t.me/bitpush

This article is from Comparativehttps://www.bitpush.news/articles/4096581, the source must be indicated for reprinting the article