Gold Rush - Wreckfest

The gold rush was almost 200 years ago. The Bitcoin rush was yesterday - today we chase golden coins with a souped up version of a 1969 Chevrolet Camaro SS combined with a 1966 Oldsmobile Toronado.

https://youtu.be/VtQha0AK9IY

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Welcome to the Wrecking Playground. A derelict industrial park filled with devious machinery and plenty of opportunities to test the limits of how much punishment your car can take, making it a perfect playground for vehicular destruction.

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Wreckfest is a racing video game developed by the Finnish studio Bugbear Entertainment and published by THQ Nordic. Wreckfest is the spiritual successor to the FlatOut series and a cross between FlatOut, Destruction Derby and cult 1989 PC racer Street Rod. A notable feature of the game engine is the use of soft-body damage modelling, which enables location-based damage that affects the driving dynamics of vehicles in a realistic fashion. Available for Microsoft Windows, PlayStation 4, Xbox One, PlayStation 5, Xbox Series X/S & Nintendo Switch.

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Tournament

Event: Wrecking Madness

Style: Gold Rush

Location / Track: Wrecking Playground, Main Area

Car: Speedbird GT - 1966 Oldsmobile Toronado combined with 1969 Chevrolet Camaro SS

Race: 1 of 1

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Tournament mode, played on PC in 4k with a 360 controller, no aid / no driving assists, no HUD, manual transmission with clutch, expert AI & realistic damage model.

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0:00 - Wrecking Playground / Intro

0:15 - Gold Rush feat. Speedbird GT

2:18 - Rank Up

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Thanks for watching & have an awesome day! :D

Celsius CEO personally directed crypto trades months before bankruptcy: Report

Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates.

According to a Tuesday report from the Financial Times, Mashinsky personally directed individual trades and overruled financial experts in an effort to protect Celsius from anticipated declines in the crypto market. The Celsius CEO reportedly ordered the sale of “hundreds of millions of dollars” worth of Bitcoin (BTC) in one instance, rebuying the coins less than 24 hours later at a loss.

Mashinsky’s actions also reportedly affected his professional relationship with Frank van Etten, the then chief investment officer of Celsius, with whom he “clashed repeatedly” over trading strategy. The Financial Times reported a person familiar with the matter said the Celsius CEO “had a high conviction of how bad the market could move south” and wanted staff “to start cutting risk” in any way possible prior to the Fed meeting.

Reports at the time suggested the Federal Reserve could implement rate hikes in January, but the central bank did not confirm it would be doing so until March. While there was still some volatility in the crypto market following the announcement, the price of major tokens didn’t crash for two months, with BTC falling below $30,000 in May and later under $20,000 in June.

One of the Individuals reportedly familiar with the events at Celsius said Mashinsky was “not running the trading desk” — seemingly not taking a heavy hand on trades — but rather expressing his opinions on the crypto market to influence strategy. Another person reportedly said the Celsius CEO was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information.

The Celsius CEO reportedly used his authority to block sales of investment vehicles linked to cryptocurrencies, including shares of Grayscale’s Bitcoin Trust, or GBTC. The news outlet reported there was a deal available aimed at cutting Celsius’ losses on GBTC — the company held 11 million shares worth roughly $400 million in September 2021 — but Mashinsky refused it, eventually selling for a $100–$125 million loss in April 2022.

Related:Celsius Network coin report shows a balance gap of $2.85 billion

Celsius filed for Chapter 11 bankruptcy in July after closing debts owed to Compound, Aave and Maker. Cointelegraph reported on Tuesday that the crypto lending platform was on track to run out of money by October, with a report suggesting the company’s debt was closer to $2.8 billion against its bankruptcy filing claims of a $1.2 billion deficit.

Cointelegraph reached out to Celsius and Alex Mashinsky, but did not receive a response at the time of publication.

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