The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.” Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. According to a Nov. 22 letter reviewed […]
Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.” Coinbase was trending on Twitter on Nov. 22 after Binance CEO Changpeng Zhao, known also as CZ, sent out a tweet that appeared to question Coinbase’s Bitcoin BTC $16,571 holdings. In the since-deleted tweet, CZ referenced a yahoo finance article that alleged that “Coinbase Custody holds […]
The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams. Argentina’s shock 2-1 loss to Saudi Arabia in the opening match of the FIFA World Cup has plummeted the price of the Argentine Football Association Fan Token (ARG), in line with the hopes of the nation’s […]
Bo Shen previously suffered another devastating hack to his personal wallet in 2016. According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up in China […]
The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts. The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New […]
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin USDC $1.00, a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether USDT$1.00, when it comes to institutional adoption, according to on-chain data. USDC daily transfer volumes are higher […]
As the world moves to a multichain reality, user-friendly interfaces are becoming standard across all networks, not just Ethereum. The learning curve for blockchain and its related topics is steep. To this day, even those familiar with blockchain terminology need help to perform basic functions like storing, trading and transacting with crypto assets, in addition […]
Despite market uncertainty, one NFT game has lit a path forward with stunning visuals, a gripping story and new cross-chain capabilities. “The earth is a very small stage in a vast cosmic arena… Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become […]
The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments. Bitcoin BTC $16,571 miner Core Scientific has warned of “substantial doubt” they will be able to continue operations over the next 12 months given financial uncertainty. In its quarterly […]
Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks. A research paper published at Harvard university highlighted how central banks can use Bitcoin BTC $16,571 to hedge against financial sanctions from fiat reserve issuers. A working paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” released by […]
