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Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue

November 22, 2022 by

Across crypto and fiat, many consumers are making a fatal error: they’re letting their assets sit idle in accounts without earning interest.

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Litecoin hits fresh 2022 high versus Bitcoin — But will LTC price ‘halve’ before the halving?

November 22, 2022 by

Litecoin diverged from the broader crypto market downtrend in the months leading up to its halving in August 2023.

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Unique Web3 tech primed to democratize Internet of Things industry

November 22, 2022 by

W3bstream, a MachineFi project, is using Web3 technology to decentralize the Internet of Things.

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Tornado Cash developer Alexey Pertsev to stay detained until next year’s hearing

November 22, 2022 by

A Dutch court hearing ruled that the Tornado Cash developer would be held for another three months as the investigation continues.

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CoinMarketCap launches proof-of-reserve tracker for crypto exchanges

November 22, 2022 by

The tool allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses, along with the balance and value of the wallets displayed.

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Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says

November 22, 2022 by

Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow.

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The Reserve Bank of India to launch a retail CBDC pilot in December

November 22, 2022 by

The digital rupee is intended as a supplement to the current payment system and not its replacement.

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How to buy cryptocurrency in Canada?

November 22, 2022 by

Learn how to buy Bitcoin and other cryptocurrencies in Canada via brokers or directly through a crypto exchange.

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FTX ordered to pay reimbursement fees to Bahamian regulators

November 22, 2022 by

The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12.

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Industry expresses confidence in the NFT space amid the FTX collapse

November 22, 2022 by

NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things.

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Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

November 22, 2022 by

ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price.

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Hong Kong believes stablecoin volatility can spillover to traditional finance

November 22, 2022 by

According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.

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SBF, FTX execs reportedly spend millions on properties in the Bahamas

November 22, 2022 by

At least 19 properties worth around $121 million were reportedly purchased under FTX’s name, Sam Bankman-Fried’s parents and senior-level executives.

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Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs

November 22, 2022 by

The Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, as part of a wider probe into FTX’s collapse.

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Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX

November 22, 2022 by

A faked video the FTX founder created by scammers has circulated on Twitter with users poking fun at its poor production quality.

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US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up

November 22, 2022 by

The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.”

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Uniswap’s new privacy policy sees backlash from decentralization buffs

November 22, 2022 by

Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency.

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Iris Energy to cut mining hardware after defaulting on $108M loan

November 22, 2022 by

The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”

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HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme

November 22, 2022 by

The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.

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FTX crisis leads to record inflows into short-investment products

November 22, 2022 by

The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares.

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Genesis denies ‘imminent’ plans to file for bankruptcy

November 22, 2022 by

The lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing.

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On the move: FTX hacker splits nearly $200M in ETH across 12 wallets

November 22, 2022 by

Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds.

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Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline

November 21, 2022 by

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.

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High sentiment in FTX’s shadow: event recap for Texas Blockchain Summit

November 21, 2022 by

Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.

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Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

November 21, 2022 by

The total crypto market cap has dropped under $800 billion, but data highlights a few reasons why some traders are bullish.

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Cardano to launch new algorithmic stablecoin in 2023

November 21, 2022 by

‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests

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BOE’s Cunliffe says regulation can save crypto from itself, and it’s worth the effort

November 21, 2022 by

Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.

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US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

November 21, 2022 by

The hearing, titled ‘Why Congress Needs to Act: Lessons Learned from the FTX Collapse’, will be one of the first in which U.S. lawmakers explore what happened with the exchange.

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Lido fundamentals shine even as the wider crypto market struggles to regain traction

November 21, 2022 by

Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers.

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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

November 21, 2022 by

The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.

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