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FTX Group files for bankruptcy FTX Group files for bankruptcy

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FTX Group files for bankruptcy

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Sam Bankman-Fried’s FTX crypto exchange has filed for bankruptcy, and the billionaire himself is stepping down as chief executive officer.

FTX Group files for bankruptcy

FTX has recently been the third crypto exchange in the world. Its collapse began with a Coindesk article that came out on November 2 and caused investors to flee. It, in particular, explained that as of June 30, 2022, the assets of Alameda Research, an affiliated company with the stock exchange, amounted to $14.6 billion. Most of this is an FTT token issued directly by FTX. The article noted that while there is nothing reprehensible or wrong about this, it shows that the Bankman-Fried trading giant relies on a foundation largely made up of a coin that a subsidiary invented, rather than an independent asset such as fiat currency or another stable cryptocurrency.

On Tuesday, it was announced that the largest player in the market, the Binance exchange, will buy FTX to help it get out of the “liquidity crisis”. But a day later, Binance changed its mind about buying FTX. This further exacerbated the problems of the exchange.

All this was preceded by a long conflict between the founders of FTX and Binance.

The crash of FTX (already the fourth cryptocurrency crash in 2022) caused a collapse in the cryptocurrency market. Bitcoin fell 20% in a week.

Some numbers to understand the scale of the problems:

FTX owes about $8.8 billion. Accounts and wallets have:

  • $900 million in liquid assets (USD/JPY/DAI)
  • $2.037 billion – less liquid assets (GBTC/ETHE/SOL).
  • $3.2 billion – illiquid assets (long-term equity investments).
  • $2 billion – additional assets (for example, real estate)

At the same time, one should also not forget that Alameda Research has total liabilities ranging from $10 billion to $50 billion, some of which is directly to FTX.

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“It’s better than Samsung’s 3x and 10x zoom solution,” Vivo X90 Pro+ camera capabilities revealed in new images

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Its better than Samsungs 3x and 10x zoom solution Vivo

The well-known insider Ice Universe, who regularly shares exclusive information about the latest in the mobile industry, has published new examples of photos taken with the Vivo X90 Pro + camera.

Its better than Samsungs 3x and 10x zoom solution Vivo

1669626124 174 Its better than Samsungs 3x and 10x zoom solution Vivo
1669626130 203 Its better than Samsungs 3x and 10x zoom solution Vivo
1669626133 237 Its better than Samsungs 3x and 10x zoom solution Vivo

These photos show a shot from the same location in the standard 1x mode, as well as with 2-, 5- and 10x zoom. Ice Universe also talked about another advantage of the one-inch image sensor found in the Vivo X90 Pro+.

The advantage of this camera module is that it provides clear image quality in the range of 1x to 15x. This is better than Samsung’s 3x and 10x zoom solution.

ice universe

Earlier, Ice Universe posted some more photos comparing the 10x and 20x zoom capabilities of the Samsung Galaxy S22 Ultra and Vivo X90 Pro+.

1669626137 170 Its better than Samsungs 3x and 10x zoom solution Vivo

1669626142 450 Its better than Samsungs 3x and 10x zoom solution Vivo
1669626149 227 Its better than Samsungs 3x and 10x zoom solution Vivo
1669626153 334 Its better than Samsungs 3x and 10x zoom solution Vivo

Recall that the Vivo X90 Pro + received the main image sensor Sony IMX989 optical format 1 inch and Zeiss optics, consisting of eight elements. He also received a periscope module with a 64-megapixel OmniVision OV64B sensor, which provides 100x zoom. In addition, the Vivo X90 Pro + debuted a 50-megapixel Sony IMX758 sensor.

1669626156 148 Its better than Samsungs 3x and 10x zoom solution Vivo

1669626159 726 Its better than Samsungs 3x and 10x zoom solution Vivo

Ice Universe was the first to accurately talk about the new trend of smartphones with waterfall screens, the notch in the iPhone X, the new design of the iPhone 14 and Samsung’s 200-megapixel image sensor. Recently, he was the first to accurately report that Redmi Note 12 Pro + will receive a 200-megapixel main camera. Exclusive information about new products is leaked to him by sources in the research and development department of the South Korean giant.

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Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

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Xiaomi is recruiting volunteers to test MIUI 14 They have

The official premiere of MIUI 14 will take place on December 1 instead of the flagships Xiaomi 13 and Xiaomi 13 Pro, but Xiaomi has already opened a recruitment of volunteers for beta testing of the firmware in China.

Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

Applications are accepted until December 28, and this is an indirect evidence that the company’s current devices will not receive the final version of the interface this year. Interestingly, testers are ready to write down not only owners of phones and tablets: it is likely that MIUI 14 will be released in a modified form for the same Xiaomi TVs.

Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

Volunteers are promised a number of bonuses. For example, their rating in the community will be increased, and everyone will receive Mi community coins in their account. Finally, it will be possible to participate in the drawing of various Xiaomi devices, which include Xiaomi 13 and Xiaomi 13 Pro.

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Fiat may resurrect the Fiat 600 and Multipla, but only the names will remain

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Fiat may resurrect the Fiat 600 and Multipla but only

According to Autopassioneitaliana, Fiat is thinking about reviving the Fiat 600 and Multipla models. At the same time, the Italians plan to reorganize the lineup and bring more crossovers to the market, as the demand for this type of vehicle is still growing.

In autumn 2023, Fiat wants to launch a 4m long, 1.52m high compact crossover on the CMP platform, which will have petrol, hybrid and electric powertrains. According to reports, the model will be called Fiat 600 (the electric version will be called 600e) and will be produced in Poland.

The second crossover will also be based on the CMP platform. Groupe PSA developed this platform in 2018 and the first model built on this platform was the DS3. This was followed by the Opel Mokka, Peugeot 2008 and the new Jeep Avenger.

Fiat may resurrect the Fiat 600 and Multipla, but only the names will remain

1994 Fiat Multipla

The crossover will be called the Multipla and will be built in Turkey as Fiat moves production of the electric Doblo and Doblo to Spain and frees up production facilities. Other sources mention that the Fiat Multipla may be produced in Slovakia, in Trnava, where Peugeot and Citroen models were produced until now. Multipla will appear in 2024.

Fiat is also reportedly planning to build a successor to the Punto. The Italians used to have a small class model called Argo available only in South America. Using the same CMP platform, the Italians want to develop a new model for the South American market and for Europe.

The new model will be called Panda in Europe and will retain the Argo name in South America.

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