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Showing posts with the label founder

Uniswap founder trolled for asking devs to contribute to DeFi protocol update

Last week, Uniswap teased the fourth iteration of its decentralized exchange protocol . The tweet included a link to an early version of the code and an invitation for “community feedback and contribution.” Since the announcement, the DeFi sector’s leading exchange has come in for criticism. Some accuse Uniswap of co-opting the open-source ethos of the community, encouraging developers to contribute to a codebase that will be released under a proprietary Business Source Licence (BSL). Opposition came both in the form of trolling and a proposal to change the license, with Uniswap founder Hayden Adams later clarifying that “source available” would be a better description for the v4 code. DeFi prides itself on its experimental nature which often includes projects building on top of one another, or even ‘forking’ parts of existing code for use in another application. This practice allows for a composable network of projects to capitalize on previous...

Sam Bankman-Fried, the founder of FTX, will be released on $250 million bond and live with his parents

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Join Our Telegram channel to stay up to date on breaking news coverage A New York federal judge decided on Thursday to release FTX founder Sam Bankman-Fried on a $250 million bond as he awaits trial on fraud and other criminal allegations. At 2:19 local time, Bankman-Fried left U.S. District Court in Manhattan accompanied by his parents, his legal counsel, and court security. Prosecutors and Bankman-attorneys Fried’s reached an understanding on the conditions of his personal recognizance bond. On January 3, the 30-year-old will appear before Judge Ronnie Abrams in New York City for his subsequent hearing, at which he will be arraigned and asked to enter a plea. A written promise from the accused to show up in court as needed is known as a recognizance bond. In exchange, Bankman-Fried’s team wouldn’t have to fulfill all of the bail’s collateral requirements. The equity in his family’s home plus the signatures of his parents and two other people wh...