LensLinks: Issue 36

Today in LensLinks:

• Crazy insightful SBF Interview

• How to channel that anger: "Time to Grow Up"

• Black Friday Game with South African Culture

• BOA: "Proof of Reserve @ Crypto Exchanges Falls Short"

• And Much, Much, More...

Bankman-Fried, though, apparently wanted to talk. About how FTX and his hedge fund Alameda Research had gambled with customer money without, he claims, realizing that’s what they were doing. About who gets lauded as a hero and who’s the fall guy. About regulators. (“Fuck regulators.”) About what he regrets (“Chapter 11,” the decision to declare bankruptcy) and about what he would have done differently with FTX and Alameda (“more careful accounting + offboard Alameda from FTX once FTX could live on its own”).

The game, which is unlike anything consumers have seen from the retailer before, launches on 21 November, and will give gamers the opportunity to win their share of over R70,000 in vouchers leading up to Black Friday and Cyber Monday.

The Black Friday Game game mixes South African culture and the fantastical in a challenge to race around a downtown city neighbourhood. Players will use potholes as portals, party at rooftop DJ gigs and dodge goo from exploding pigeons as they compete to get to the top of the leaderboard.

We have some of the most talented people in the world spending their waking hours trying to improve the human condition and give people the tools to be more independent over their money and digital identities. The real builders in this industry would be building regardless of crypto prices. They are purpose driven.

Following the collapse of FTX and Alameda Research, crypto trading platforms are rushing to show that clients’ assets are safe and not being used for speculation, but “proof of reserves, at least in the form they’ve been suggested, have too many shortcomings to inspire confidence,” Bank of America (BAC) said in a research report Thursday.

The bank notes that many exchanges have already reported, or are planning to report, their assets through proof of reserves using Merkle Trees. These are efficient data structures called “hash trees” that can be securely verified. They behave as a map of customers' funds and work even when reserves become complicated.

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

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