Lifeboat Foundation

The extent of losses faced by investors remains unknown so far.

FTX, the cryptocurrency exchange that came crashing down in just a week in November last year, has now recovered assets worth $5 billion, its attorney told a U.S. court, BBC

Valued at over $32 billion just a year ago, the crypto exchange, with its head office in the Bahamas, faced a liquidity crunch. The founder, CEO Sam Bankman-Fried (SBF), filed for bankruptcy protection on November 11.

FTX founder and former CEO Sam Bankman-Fried launched his own Substack newsletter today, in a very unusual move for someone who was recently arrested and is facing eight counts of U.S. criminal charges.

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion.

On January 2023, 60 minutes interviewed Paul Ehrlich, the author of the 1968 Population Bomb.

Although I agree with some of the points, like the destruction of habitat, and climate change, and those points indeed need addressing. the overpopulation arguments in the book and the interview have already been proven wrong, repeatedly.

Continue reading “Overpopulation myth — Having kids will not destroy the planet. Perhaps it can even help” »

The bank is suffering from the ongoing crypto winter triggered by the collapse of FTX.

U.S. bank Silvergate, which provides exclusively cryptocurrency services, saw its customers withdraw over $8 billion in the last three months of last year, according to a report by the BBC

The bank was then forced to sell nearly $5.2 billion in assets in order to survive.

Continue reading “Crypto carnage: $8 billion withdrawn from Silvergate” »

Mastercard, one of the biggest financial payments providers in the world, is launching a web3-focused incubator to help artists connect with fans through a new medium, the company shared at CES 2023 on Friday.

“The core of this program is providing emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy,” Raja Rajamannar, chief marketing and communications officer at Mastercard, said to TechCrunch. “By providing access to experts and innovators in the space, the artists will be guided on how to incorporate web3 into their work throughout the entire program and then beyond.”

Mastercard partnered with Polygon, a scaling blockchain built on top of Ethereum, which has been making huge strides in the Web 2.0 ecosystem lately. In the past year, Polygon partnered with a number of other big brands like Starbucks for its Odyssey digital collectible rewards program and Disney for its accelerator program, while also having major clothing brands like Prada and Adidas launch NFT projects through its blockchain.

Cyberwar, ‘ransomware’ and cryptocurrency theft: the keys to cybersecurity for 2023.

Tras el primer robo descentralizado de la historia, ¿qué es lo próximo en materia de ciberseguridad?

North Korea’s infamous Lazarus Group is mimicking venture capital firms and banks to steal cryptocurrency, according to a report from cybersecurity company Kaspersky.

The state-sponsored cybercrime group, which was was behind the $625 million Axie Infinity hack in April, is creating domains that present themselves as well-known Japanese, US and Vietnamese companies.

Kaspersky said Lazarus’ BlueNoroff subgroup is using new types of malware delivery methods that bypass security warnings about downloading content. They can then “intercept large cryptocurrency transfers, changing the recipient’s address, and pushing the transfer amount to the limit, essentially draining the account in a single transaction.”

While it is still unclear how cryptocurrencies will alter in value and where we will be in 2023 — one thing is clear, they are undoubtedly here to stay.

As 2022 draws to a close, the cryptocurrency market is under great scrutiny. From the crypto winter of 2021 that saw Bitcoin lose almost a third of its value and other cryptocurrencies follow suit to security issues with crypto exchanges, bridges, and web 3.0 apps, and of course, FTX’s dramatic failure, it’s almost impossible to disbelieve tales of gloom. However, looking at the forecasts for 2023, it appears the market may rebound, and now may even be an ideal moment to invest.

Continue reading “Why blockchain will remain a big deal in 2023 and beyond” »

Support human longevity research.

Want to donate with cryptocurrency? Lifespan.io is proud to announce the official launch of the Longevity Cause Fund in partnership with Sens Research Foundation and the Methuselah Foundation, facilitated by Angel Protocol.

Continue reading “Lifespan.io End of Year 2022 Fundraiser” »