Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
Canaan (CAN), a producer of bitcoin mining equipment, said net income slumped 88% in the third quarter due to “negative market dynamics.”
India lifts download ban on VLC
India has lifted the download ban on VLC, more than nine months after it mysteriously blocked the official website of the popular media playback software in the South Asian market. VideoLAN, the popular software’s developer, filed a legal notice last month seeking an explanation from the nation’s IT and Telecom ministries for the block order. … Read more
Bob CD
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Elon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this week
Bitcoin may be bruised, but big names are keeping the faith as data shows investors have seized the chance to “buy the dip” on BTC.
Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal
In a live question-and-answer session, Crypto.com CEO Kris Marszalek said the company’s balance sheet is strong.
El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.
Real-time data startup Quix raises a $12.9M Series A round led by MMC Ventures
The complexity of streaming data technologies – not just streaming video but any kind of streaming data – has created a headache around dealing with that high speed data processing. Accordingly, companies like Spark, Flink have spring up to address this ksqlDB. Many are either either java-based solutions or SQL-based analytics solutions. However, UK startup … Read more
Binance creates industry recovery fund to help projects struggling with liquidity
Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify.
“When we all have pocket telephones”
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Bitcoin Miners’ Balance Slides as FTX Collapse Weighs on Crypto
Data tracked by Glassnode shows, the number of bitcoin held by miner wallets has dropped to a 10-month low.
The rise of influencer capital
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Spurious Splines
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Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis
Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative.
Crypto Token Launch Platform Tokensoft Doxes 4500 Users, Calling Them ‘Bad Actors’
A Tokensoft community manager published an excel sheet of “bad actors” on Discord with their personal details.
The Flying Wedge
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US lawmaker blames ‘billionaire crypto bros’ for delayed legislation
The collapse of FTX has raised alarm bells across Washington D.C.
AAX reiterates withdrawal halt is unrelated to FTX contagion
In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates.
Education as civilization-building
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