The Weekend Shift: DeFi, Trading Bots, Bitcoin City
The most interesting reads, podcasts, charts, and opinions from the internet this weekend — curated for you by the Protos newsroom.
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Congressional report says crypto didn’t cause bank runs — fear of exposure did
Although banks had minimal crypto exposure, panicked clients pulled out funds and sealed the fate of SVB, Silvergate, and Signature Bank.
— BBC, Boris Johnson
BBC chair linked to Russian crypto firm resigns following BoJo loan inquiry
BBC chairman Richard Sharp, also a crypto investor with ties to Russian oligarchs, will remain in his role until June.
Crypto traders unleash dangerous AI trading bots on DEXs
Users are unleashing a fleet of new AI-powered trading bots onto crypto DEXs. So far, their performance has been mixed.
Hackers use AT&T systems to steal millions in customer crypto, source says
According to a source, hackers created their own mail keys and used them to access AT&T customers' crypto exchange accounts.
El Salvador’s Bitcoin City canceled — but did it ever really exist?
Despite claims that Bitcoin City was "coming along beautifully," the Ministry of Public Works has seemingly denied all knowledge of it.
Did Vauld drive CoinLoan into court-ordered liquidation?
The CEO of collapsed crypto platform Vauld is rumored to have used CoinLoan to hold some Vauld funds... which also just went under.
Sam Bankman-Fried’s game Storybook Brawl is shutting down
Sam Bankman-Fried's second favorite game Storybook Brawl, acquired last year, may still have a storybook ending despite the closure.
Ex-Coinbase employee guilty of insider trading asks for shorter sentence
Following in the footsteps of his brother, 32-year-old Ishan Wahi is asking to serve 10 months for insider trading at Coinbase.
California lawmaker wants to legitimize the incorporation of DAOs
Unless revised, proposed bill AB 1229 would allow any non-profit group in California to claim 'decentralized' status as a non-profit DAO.