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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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An insider told when they can show the Xiaomi 13 series. It won’t be long to wait

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An insider told when they can show the Xiaomi 13

Recently, there have been more and more leaks about Xiaomi 13 and 13 Pro smartphones. It is expected that they will be shown in December, and the design of new products will be very different from existing models. And now there are new details regarding the timing of the announcement.

An insider told when they can show the Xiaomi 13 series. It won't be long to wait

Blogger Sahil Karul clarified that the Xiaomi 13 series will debut in China on December 1st. He also shared several renderings of the base model in blue and brown. Apparently, the design will be just that.

An insider told when they can show the Xiaomi 13 series. It won't be long to wait

Smartphones will have a flat display with thin bezels and flat side edges, like the iPhone 14. The main camera module will also receive an updated design with large lenses. Earlier, data appeared on the network that the new products will be based on the SoC Snapdragon 8 Gen 2, one of the versions will receive 12 GB of RAM. According to Geekbench tests, the smartphone scores 1497 points in the single-core test and 5089 points in the multi-core test.

The base version will get a 6.2-inch 2K AMOLED display with a 120Hz refresh rate. He is credited with the main 50-megapixel Sony IMX8 camera sensor and 120W fast wired charging.

The Pro model will receive the same Snapdragon 8 Gen 2 platform, however, according to the tests, it scores 1504 points in the single-core test and 5342 points in the multi-core test.

An insider told when they can show the Xiaomi 13 series. It won't be long to wait

Earlier, Sahil Karul posted a photo showing the iPhone 14 Pro and Xiaomi Civi 2 smartphones.

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Similar to Nintendo Switch, but on Windows: OneXPlayer 2 portable console with detachable gamepads will be released in 2023

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Similar to Nintendo Switch but on Windows OneXPlayer 2 portable

The OneXPlayer 2 line of handheld gaming PCs will launch next year with a Nintendo Switch-inspired design. This version will not only have powerful hardware, but also detachable gamepads, which will allow you to use the novelty as a compact tablet or laptop if necessary.

Similar to Nintendo Switch but on Windows OneXPlayer 2 portable

The Indiegogo fundraising campaign starts on December 20th. Initially, they wanted to start it already on November 25, but then the dates were shifted. The first copies of the consoles will be sent to customers in March or April 2023.

As for the features of the novelty, the OneXPlayer 2 will receive an 8.4-inch screen with a resolution of 2560 x 1600 pixels, an AMD Ryzen 7 6800U processor or some Raptor Lake generation Intel Core i7. Also, rumors attribute to the novelty from 16 GB to 32 GB of RAM and up to 2 TB of permanent memory, but this has not yet been officially confirmed.

The main feature will be removable controllers and support for the stylus on the screen – 4096 pressure levels are promised. The price has not yet been announced, but it can be assumed that the cost will be at least $ 1,000.

And on October 30, the OnexPlayer Mini Pro console launched with a Ryzen 7 6800U and Radeon 680M starting at $1,199.

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In Japan, they are going to produce electricity with the help of … snow

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In Japan they are going to produce electricity with the

In the Japanese city of Aomori, an unusual experiment will be launched in December to generate electricity using snow. It will last until spring. As expected, it will be more profitable and environmentally friendly than using a solar battery.

In Japan, they are going to produce electricity with the help of ... snow

For the experiment, a swimming pool is used in a closed school, where snow collected on the streets will be unloaded. The pool will also install heat-conducting pipes with liquid. On the one hand, they will be covered with snow, on the other, they will be heated by the sun. Due to this, a convective movement of the fluid will occur, which will drive a small turbine, and it will provide energy. The greater the temperature difference, the more energy can be obtained.

In the future, scientists plan to heat the second part of the tubes with liquid from hot underground sources, which will increase the efficiency of the system. So far, no specific figures have been given that would indicate the power of such a system, even the estimated one.

As noted, such a system will be practically waste-free, while solar panels and wind farms need expensive disposal.

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