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New York State’s Department of Financial Services, or NYDFS, reportedly received a complaint from stablecoin issuer Circle regarding Binance’s reserves prior to its crackdown on BUSD.According to a Feb. 13 Bloomberg report, Circle alerted NYDFS in an autumn 2022 complaint that Binance’s reserves were insufficient to support its tokens, seemingly
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According to Bahamian court records filed on Dec. 14, Ryan Salame, the former co-CEO of FTX Digital Markets told the Securities Commission of the Bahamas (SCB) on Nov. 9 that FTX was sending customer funds to its sister trading firm Alameda Research.He also told the SCB only three people had
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We’re left with a smoking ruin of a yield industry, but with some incredibly important “green shoots” from which to rebuild. Original Source
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A less charitable summary of effective altruism, then, would be that it is little more than a fancy way of saying “the ends justify the means.” Effective altruism also encompasses an emphasis on “long-termism,” which can read like another excuse for mercenary corner-cutting today, so long as you commit your
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With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume
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Douglas Rushkoff is a futurist, author, early cypherpunk and professor of media studies at Queens College. His early writings on the internet paved the way for thinking about the web in revolutionary terms, as a tool to enfranchise and connect the world. In years since, Rushkoff has been an outspoken critic
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