Cryptocurrency Analysis and News Portal
Its been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to fly down to Nassau in order
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After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told
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Web3 is uprooting traditional entertainment industries with a new way of creating and engaging with digital content.The industry has already seen nonfungible tokens (NFTs) display the potential to transform how television scheduled programming can be created. Increased metaverse activity began challenging artists with new possibilities for performances and connectivity with
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Eric Jardin, cybercrime research lead at blockchain firm Chainalysis, discusses how scammers were able to capitalize on the second biggest blockchain’s transition and how $2 million in Ether was swindled from the blockchain’s ecosystem. Source
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A senior FTX executive has been revealed as the reported mystery donor behind a massive $500,000 contribution to the Democratic Party of the American state of Oregon.According to local reports, the Oregon Democrats initially told state election officials that the $500,000 donation was from Prime Trust, a crypto-focused fintech in
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Patrick Hillman, chief strategy officer at Binance, discusses the crypto exchange’s goals to help new boss Elon Musk fend off internet bots on Twitter and why the crypto exchange sees the potential for Web3 innovation following its $500 investment in the social media company. Source
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Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital currency.During his speech, Yi noted that the digital yuan is being
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Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover of the Seychelles-based crypto exchange.Reports that the company’s chief executive officer (CEO) Leon Li and chief financial officer (CFO) Chris Lee have resigned appeared
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JPMorgan CEO Jamie Dimon is well known for his disdain for cryptocurrency, most recently referring to crypto tokens as "decentralized Ponzis". He did however praise blockchain technology, noting its certain "real" aspects, using JPMorgan's Onyx platform for wholesale payments as an example. Original Source
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Institutional adoption of digital assets is “moving very, very fast,” and much faster than the rate nascent industries ordinarily develop at, says Coinbase Senior Advisor John D’Agostino.In an Oct. 18 interview with SALT moderated by Anthony Scaramucci, D’Agostino said that new asset classes often take time to develop, as “institutional
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