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Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried – Bitcoin News

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Following the numerous quantity of criticism directed at mainstream media publications for an absence of journalistic integrity whereas reporting on FTX executives, Tesla’s government Elon Musk known as out the information web site Semafor as a result of the previous FTX CEO Sam Bankman-Fried (SBF) was a lead investor. Musk took to Twitter and let Semafor know that he believes Semafor has a “huge battle of curiosity” with regards to “journalistic integrity.”

Semafor Takes a Tongue Lashing From Elon Musk, Tesla Exec Calls Agency’s Journalistic Integrity Trash

On Nov. 23, 2022, the information web site based in 2022, Semafor, tweeted a message concerning the firm’s newsletters, and Tesla government Elon Musk gave the information publication some flak. In response to Semafor’s tweet, Musk wrote: “Semafor is owned by SBF. This can be a huge battle of curiosity in your reporting. Journalistic integrity is [trash].”

Musk, who can be the brand new proprietor of Twitter, additional shared an image from Crunchbase, which exhibits Semafor’s prime 5 lead traders. On the prime of the Semafor investor checklist is the previous FTX CEO Sam Bankman-Fried.

Semafor is a reasonably new information publication that began in 2022 and it was co-founded by former New York Occasions (NYT) columnist and former Buzzfeed editor-in-chief Ben Smith and the previous CEO of Bloomberg L.P., Justin Smith.

Axios known as the 2 Smiths “media disrupters,” and in the identical article Justin Smith claimed Semafor would “reimagine high quality world journalism” after the demographic Semafor is geared toward “misplaced belief in all sources of reports and data.”

Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried
Semafor’s investor checklist by way of Crunchbase.

On Semafor’s Crunchbase web page, it’s seen that the highest investor is SBF and the information outlet raised $24.6 million in a single funding spherical. Semafor has written about FTX and SBF on a couple of events and the articles do spotlight that SBF was an investor within the information publication. Semafor’s different traders, like SBF, have additionally proven affection for Democratic leaders and have donated to the Democratic celebration.

As an example, Jorge Paulo Lemann’s tutorial pursuits embrace political principle and democratic principle, and Lemann was as soon as known as the “world’s most secretive billionaire.” In 2008, Semafor investor David Bradley donated funds to Mitt Romney, Barack Obama, and Hillary Clinton.

Musk’s criticism directed at Semafor follows the lambasting various mainstream media publications acquired for publishing “puff items” on FTX and Alameda Analysis executives. As an example, the New York Occasions printed a narrative that was condemned by crypto supporters after it reported that SBF was sleeping higher and taking part in video video games.

The NYT story was not the one article that was knocked, as folks slammed editorials printed by the Washington Put up, Forbes, and the Wall Avenue Journal (WSJ) after they lined FTX and Alameda Analysis executives in a “nuanced” manner.

Musk’s reply to Semafor’s tweet was retweeted a few thousand occasions, and it has greater than 22,000 likes on the time of writing. The information publication’s Twitter account didn’t reply to Musk’s criticism however various folks have been happy with Musk calling out the information publication.

“Sure certainly, glorious name out,” one particular person responded to Musk’s assertion. One other particular person wrote: “Each platform [Sam Bankman-Fried] is concerned in has the identical aesthetic as his wardrobe.” Musk’s commentary comes at a time when a substantial amount of folks don’t belief mainstream media publications, and regardless of Semafor’s intentions, folks believe the corporate’s “skeletons are popping out.”

“Time to dam anybody paid by SBF,” one particular person wrote in reply to Musk’s tweet about Semafor.

Tags on this story
Battle of Curiosity, Crunchbase, David Bradley, Elon Musk, FTX Chapter, FTX co-founder, FTX collapse, Jorge Paulo Lemann, Journalistic integrity, misplaced belief in all sources of reports, Musk, Musk’s Reply, Musk’s criticism, New York Occasions, NYT, Sam Bankman-Fried, sbf, Semafor, Semafor Publication, Semafor’s Prime Investor, Semafor’s tweet, Tesla Government, prime investor is SBF

What do you consider Musk’s commentary regarding the information publication Semafor? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at this time.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.





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FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds – Bitcoin News

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On Wednesday, non-fungible token (NFT) supporters found that NFT metadata hosted on the platform FTX US factors to damaged metadata, and the hyperlinks now level to FTX’s restructuring web site. Particular collections that have been minted on the Solana blockchain through the FTX US NFT platform don’t present the NFT’s imagery and market listings on the Coachella NFT market have disappeared.

FTX US-Hosted NFTs Redirect Metadata to FTX’s Restructuring Web page

This week homeowners of FTX US-hosted NFTs are discovering they will now not see their NFT’s imagery or animations, as NFTs that derived from FTX US level to damaged metadata. Numerous crypto and NFT supporters found the difficulty on Wednesday.

“Oh look FTX hosted all of the NFTs minted on their platform utilizing a Web2 API and now all these NFTs have damaged metadata, and the hyperlinks go to a restructuring web site,” the Twitter account jac0xb.sol wrote on Wednesday. Jac0xb.sol added:

There’s a lesson to be discovered right here but collections are nonetheless internet hosting metadata on [Amazon Web Services].

Along with Jac0xb.sol, the Twitter profile @web3isgreat, an account that highlights Web3’s particular moments, tweeted concerning the FTX US-hosted NFT points as properly. The Web3 goes simply nice Twitter account famous how the web site nft.coachella.com/market reveals zero listings.

FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds
The Coachella NFT market on Dec. 8, 2022, reveals zero listings.

Additional, the account additionally detailed that the FTX US-tethered NFTs from the Coachella NFT assortment do present up as listings on secondary markets, however they don’t present imagery and the metadata is damaged. The corporate behind the music and humanities pageant, Coachella, partnered with FTX US in Feb. 2022.

FTX-Hosted NFTs Point to Broken Metadata, Issue Illuminates Flaws With NFTs Tied to Centralized Clouds
Coachella NFT itemizing hosted on magiceden.io on Dec. 8, 2022.

If a consumer visits an NFT market, comparable to magiceden.io, and searches for NFTs stemming from the Coachella assortment, the listings web page will present micro-images of the compilation’s art work. Nonetheless, when a consumer toggles to see the small print of the particular itemizing, the NFT’s imagery is just not proven.

Equally, FTX US-based NFTs listed on Opensea present the pictures on the primary sale web page and even a number of the particulars on individually listed NFTs nonetheless present the pictures, however there are numerous that don’t or they present errors. The NFTs which are listed on Opensea present a flooring worth of round 100 ethereum (ETH) and Coachella NFTs listed on magiceden.io are listed for costs between 1-100 SOL per unit.

Tags on this story
0 listings, Amazon Internet Companies, AWS, Blockchain, damaged metadata, Cloud Internet hosting, Coachella NFT Market, Coachella NFTs, ftx, FTX US NFTs, FTX US-hosted NFT, FTX.US, photos, Listings, Metadata, NFT artwork, NFT points, NFTs, Non-fungible Token, Non-fungible tokens, SOL, Solana, Wallets

What do you concentrate on the damaged metadata problem tethered to FTX US-based NFTs? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at the moment.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss precipitated or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.





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Hong Kong To Prepare New Legislation Targeting Crypto Exchange Service Providers 

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The latest FTX fiasco not solely shattered the spirit of crypto merchants and triggered probes into numerous crypto corporations but in addition pushed world legislation authorities to tighten laws and set a watch on crypto alternate service suppliers.

Equally, following the footsteps of different jurisdictions, lawmakers in Hong Kong have proposed amendments to its terror financing and anti-money laundering (AML) framework, which seeks crypto exchanges to function below a licensing regime. Particularly, the most recent invoice requires the identical guidelines on crypto alternate service suppliers as implied on conventional financing organizations.

Terra collapse in Might and FTX saga disrupting the crypto market the identical 12 months have led legislation authorities to face criticism from the general public as they failed to guard retail traders. In consequence, it raised the demand to convey crypto providers corporations below strict laws and make them comply with strict AML and apply investor safety measures that mitigate dangers concerned in centralized exchanges.

After the brand new invoice is enacted, crypto corporations prepared to run their companies in Hong Kong should undergo person safety legal guidelines and AML tips. This transfer by Hong Kong authorities comes on the heels of the FTX collapse and paves the best way for officers to take away the dangers in centralized exchanges simply. 

BTCUSD
Bitcoin’s value is presently hovering above $17,000. | SOurce: BTCUSD value chart from TradingView.com

Hong Kong Financial Authority In CBDC

Pointing to the most recent amendments to the financing guidelines of Hong Kong, the Financial authority of the state has voiced help for blockchain expertise in a world convention attended by governors of the world’s central banks a month in the past. Financial institution of Internationational Settlements (BIS) and Financial institution of Thailand (BOT) hosted this occasion, and monetary specialists expressed their opinions on how central banks ought to work together with evolving monetary expertise. 

When the Financial institution of Korea expressed fears within the wake of latest crypto contagions, Eddie Yue, chief govt of the Hong Kong Financial Authority, make clear the advantages of digital expertise and central financial institution digital foreign money (CBDC). Yue admitted that utilizing stablecoins in fee methods permits cost-effective transactions however entails dangers as a brand new expertise. 

Different banks who joined the desk to debate the digitalized financial system embrace Changyong Rhee, governor of the Financial institution of Korea, and Adrian Orr, governor of the Reserve Financial institution of New Zealand. 

The chief govt of the Hong Kong Financial Authority additional urged that blockchain is a nascent expertise and overseeing its on-chain exercise is advanced and sophisticated. Therefore the regulatory authorities ought to counter the off-chain actions to mitigate attainable dangers. He added:

We will begin with regulating off-chain actions like regulating digital asset exchanges. Hong Kong will quickly introduce not simply AML (anti-money laundering) side but in addition investor safety.

Changyong Rhee, representing the Financial institution of Korea, pointed towards latest contagions on the opposite facet and mentioned;

“I used to be extra optimistic earlier than, however after seeing the Luna, Terra, and now the FTX points. I don’t know [if] we’ll see the true good thing about this new expertise, no less than for financial coverage.”

Featured picture from Pixabay and chart from TradingView.com



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2022 – Crypto Markets: A Year in Review

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By the tip of the summer season, crypto markets had been displaying indicators of stabilizing. The leverage within the ecosystem had apparently been purged from the markets and investor confidence started to return to crypto. The CoinDesk Market Index (CMI) rose to a summer season excessive stage of $1,092 on September twelfth. Confidence was returning to the markets, pushed by FTX, a big trade and custodian, who rescued massive CeFi lender, BlockFi, from chapter. The seemingly sturdy FTX, led by founder Sam Bankman-Fried, continued to put money into crypto firms, bailed out many distressed startups, and was seen because the strongest firm in crypto.



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