#transfer?

FTX identify over $3B transfer to SBF, others

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FTX management said Sam Bankman-Fried (SBF) and other top executives of the bankrupt firm received $3.2 billion in payments and loans — mainly from its sister company, Alameda Research.

According to a March 15 statement, SBF received $2.2 billion from this payout. Other executives like former FTX director Nishad Singh, FTX co-founder Gary Wang, former Alameda Research CEO Caroline Ellison, former Alameda Research co-CEO John Samuel Trabucco and Ryan Salame cumulatively received $1 billion.

A breakdown of the $3.2 billion payments (Source: FTX)

The management noted that these payments excluded the over $240 million the former executives spent on purchasing luxury properties in the Bahamas and their political and charitable donations.

The payments also excluded “substantial transfers” made to the bankrupt’s firm subsidiaries in the Bahamas and other regions.

The firm added that while some of the properties purchased with the proceeds are in its control or that of government’s authorities, the entire “amount and timing of eventual monetary recoveries cannot be predicted at this time.”

Meanwhile, FTX said it is still investigating to identify the firm’s “assets, liabilities and transfers, including a description of intercompany claims among the FTX Debtors and their subsidiaries.”

Since he was appointed FTX’s new CEO, John Ray has been working on efforts to recoup the bankrupt firm’s assets.

Journalist at CryptoSlate

Oluwapelumi is a believer in the transformative power Bitcoin and the blockchain industry holds.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Bitcoin cumulative transfer volume exceeds $100 trillion milestone

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Bitcoin’s cumulative transfer volume (CTV) exceeded $100 trillion in recent weeks, coming in at $105 trillion at present, according to Glassnode data.

CTV refers to the accrued monetary value of transactions settled on a particular network. As a measure of activity, it can be used to gauge adoption and pinpoint adoption trends.

Bitcoin cumulative transfer volume streets ahead of the rest

The chart below shows the CTVs of Bitcoin, Ethereum and Litecoin on individual logarithmic scales. Ethereum and Litecoin’s CTVs amount to $6.1 trillion and $3.7 trillion, respectively — both smaller than Bitcoin’s by orders of magnitude.

Interestingly, Litecoin’s CTV noticeably accelerated in 2022, as denoted by its representative line moving closer to a vertical position.

Source: Glassnode.com

The CTVs of all three tokens show a degree of likeness, from the uniform uptick from the start of 2018, leading to a gradual uptrend until the beginning of 2021, followed by a sharp expansion across the board.

Post-2021, the three tokens converge at various points with one another. However, the relative change of Litecoin sees it exceed Ethereum and Bitcoin in recent weeks.

Commenting on Bitcoin’s CTV, Will Clemente said reaching the $105 trillion milestone was a “tremendous feat” and showed how many millions “have utilized Bitcoin as a global settlement network.”

Criticisms

As CTV is calculated using the token price at the time of transfer, the impact of movement on the chart is significantly greater during bull cycles compared to bear cycles. This price discrepancy arguably distorts the true measure of adoption.

Similarly, the CTV does not distinguish between volume relating to actual settlement in exchange for goods and services and internal transfers and other such trading or speculative reasons to move tokens.

Posted In: Bitcoin, Analysis

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So now it is Spring semester and I am way more home sick than I was last semester(last semester I was pretty homesick). I only live less than 2 hours from my school. This semester just seems harder for me. Its only the third week and I’ve been home once already. 

Last night I did some research on other colleges closer to home with my major and requested some information from them. Its not a for sure thing , but its an option. I hate being away from home, call me a baby, I don’t care. But i also like being on my own. If there was a way I could live by myself , but be near home that would be perfect. 

The only thing holding me back from transferring is my program here. It is such an amazing program and its such an amazing school. I shouldn’t even be complaining about being homesick because some people go to school 9 hours from home and love it there. I’m so close to home so why should I be complaining? I’m so lucky to be so close to home and have an amazing program. 

I am also very lonely here. Granted the only people I talk to at home are my parents , my sister, my boyfriend and his parents. I had a best friend last semester here , but she took a semester off to work. Yeah, sure, I made “friends” last semester , but they were mutual friends of my friend that moved away and they aren't as fun when she isn’t there. I also only talk to people in my classes. I don’t do anything outside of class with people. I mean, I see my roommates all the time but that’s because I obviously live with them. 

My mom says I need friends, sometimes I agree with her and sometimes I feel like I don’t need friends. I am ok with being “alone”. I like being able to do what I want when I want , which is something I cant do if I went home. 

So many things are going through my head these past few weeks. I have no idea what to do , but I guess I will wait a while longer and see if it gets better. I try to talk to some people in my classes but they just blow me off and act like they didn’t hear me, even though I know they did because I am the only one next to them. 

because i can't do anymore work.

like i just can't physically bring myself to do it. because this is the time when i should be OUT of school.