This Week on Crypto Twitter: Another Elon Musk Company Accepting Dogecoin and 3AC Founders May Be AWOL

Illustration by Mitchell Preffer for Decrypt

The week was really a mixed bag.

Leading cryptocurrencies recapture lost ground after weeks of general decline, but on the business side, Vauld and Voyager became the latest cryptocurrency lenders to fight insolvency after Celsius and BlockFi.

In this way, the former leading crypto hedge fund Three Arrows Capital (3AC) has recently filed for Chapter 15 bankruptcy, and now, according to this filing, the company’s lawyers cannot find the founders, Su Zhu and Kyle Davies.

So, the crypto rescues have begun, with billionaire Sam Bankman-Fried leading the vanguard. His exchange, FTX, expanded one $ 250 million credit line to the abused crypto-lender BlockFi last month. The next day, Alameda Research, another SBF company, gave Voyager Digital a credit limit of $ 500 million. Two weeks later, FTX entered into an agreement to buy BlockFi directly. Well, Alameda already owed Voyager $ 377 million, so this was a borrower who saved his lender.

Binance CEO Changpeng “CZ” Zhao criticized the deal in an interview for Decrypt your gm podcast. CZ also said he wants to make a few rescue packages himself: “Some of them are actually good deals. So I think you will see that we will invest, save out, save more projects.”

TRON’s Justin Sun also made it clear that he is ready.

Worst. Break. Ever.

The news came at the beginning of the week that the personal data of more than a billion people had been obtained from a Shanghai police database and offered up for 10 Bitcoin (then worth $ 202,000).

According to Bloomberg, the data includes everything from names and national ID numbers to mobile phone numbers and food orders. And there were timestamps for when the details were registered.

CZ gave a technical explanation.

Rich boys

Billionaire bosses and crypto-HODLers Michael Saylor and Elon Musk both earned their favorite coins this week. Saylor tweeted about how much value Bitcoin has gained since his company, MicroStrategy, first announced its plan buy and HODL. (He failed to mention that he is still down on their investment.)

And CNN Business reported that another of Elon Musk’s companies, The Boring Company, will accept Dogecoin for rides on a new underground transit system in Las Vegas that allows passengers to travel around the city of Teslas at approximately 55 km / h.

And finally

ONE large downtime of mobile and internet networks across Canada made TrustSwap CEO and Bitcoin lawyer Jeff Kirdeikis reflect on his favorite cryptocurrency.

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