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A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punishes after the fact won’t catch it. Investor due diligence won’t either.” One Lesson From FTX Collapse That Won’t
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Boerlage said records of internal conversations show Pertsev, Semenov and Storm ran Tornado like a business, discussing management and operational decisions, and that they could, in practice, outvote other holders of the protocol’s TORN tokens. In particular, she said, they could have chosen to impose better laundering checks but doing
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Staff from FTX Japan and other subsidiaries found out about the insolvency filing on Twitter, CoinDesk was told. Original Source
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While some are unable to recover from hacking incidents and have to throw in the towel, others are able to pick up the pieces, learn from their shortcomings and go at it for another round. In an announcement sent to Cryptox, Axie Infinity creators Sky Mavis said that it had teamed
Read MoreLast week’s Data Protection Practitioners’ Conference 2022 brought together more than 3,000 data protection professionals from across the country. Didn’t manage to attend? Here’s five things you missed from the day. And look out in coming weeks as
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“The second reason [for the Difficulty Bomb] – and this is one I think is probably way underrated – is the idea that it makes it a bit harder to create a scam fork of Ethereum,” Beiko said. “Two years or three years ago, there was, like, Bitcoin Diamond, Bitcoin
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The start of 2022 marks my sixth year in the crypto industry and an opportunity to reflect on some of the lessons learned since. My entrance into the distributed ledger technology and crypto space in 2016 coincided with two contradictory yet impactful trends: initial coin offerings (ICOs) and enterprise blockchain. The
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This episode is sponsored by NYDIG.Download this episodeYesterday’s show was a global regulatory roundup, but today’s is all about the U.S. The Joint Economic Committee held an event this week all about “Demystifying Crypto.” In this episode, NLW looks at:The overall shift in tone in government crypto hearingsThe specific questions
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It all started with mining Bitcoin (BTC) in a dorm room. What started as a hobby with a few mining rigs scaled into twenty industry-scale mining farms across the globe. Because we scaled our operations in a new industry, we had to discover what worked and what didn’t through trial
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There’s also a better understanding of crypto. A lot of the regulatory reaction in late 2019 was focused on the then-Libra project, which was announced by social media giant Facebook that summer. Libra, at the time, was a pretty visionary project that policymakers saw as having the potential to destabilize
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