Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about the collapse of his crypto exchange, FTX. “SBF has not, in fact, been candid in his discussions. He committed fraud, full stop,” one critic stressed.
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As the upcoming Terra Classic (LUNC) burning mechanism gained more hype, some crypto exchanges thought it would be a good idea to express their support. However, the crypto community quickly responded, calling out the exchanges for what some believe to be public relations stunts. On Sept. 1, Terra community member Edward BitcoinBurnCriticizedcryptoexchangeExchangesLUNCNothingburgerPostsTaxUpcoming Read More
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of working to tarnish the project. One Nigerian expert has advised prospective zugacoin investors to prioritize learning finer details about the project BitcoinComplexCriticizedCryptoCurrencyEradicatingFeaturedNewsNigerianPonziPovertySchemeSupposed Read More
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities.
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In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 BidenBitcoinCriticizedEconomicsFibsHalfTruthsInflationKrugmanNewsRecessionSummersTalksWrong Read More
On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart.
Solana Continues to Be Plagued by Outages, SOL Downtime BitcoinBlockCriticizedcryptoexchangeDecentralizationExchangesHaltsNetworksNewsPrepProductionRestartSolanaToldValidators Read More
Adult film star Lana Rhoades is being criticized for her non-fungible token (NFT) project called “Cryptosis,” after $1.5 million of ethereum from the mint was withdrawn from the project’s wallet. The crypto withdrawal took place after Rhoades told her fans that the NFTs would be a “lucrative investment for holders,” AccountAdultBitcoinCriticizedDeletesFilmLanaNewsNFTProjectRhoadesStarTwitter Read More
Arsenal said the tokens differed from cryptocurrencies, which are a means of payment, as they were designed for entertainment and to encourage fan participation. The tokens could not, at the time the ads appeared, be traded on the Socios app. The club also denied that the ads were for cryptocurrency AdsArsenalCriticizedFanRegulatorToken Read More
On Tuesday, cryptocurrency supporters on social media and forums discussed Blockstream’s Liquid sidechain product as block signing had been down for over 20 hours. While Blockstream had noted the sidechain was undergoing a hard fork upgrade planned for October 5, a number of crypto proponents still scorned the project for BitcoinBlockBlockstreamsCriticizedcryptoexchangeExchangesIssueLiquidLongNewsOutagerelatedSidechainSigningupgrade Read More
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekBitcoin loses 6% in an hour after 915BitcoinCrisisCriticizedDigestDogecoinElonEtherHODLersMuskSurvivesThrives Read More