Cryptocurrency Analysis and News Portal
To actually make it in Web3, much like practically every other industry, founders have to start with a gap they can realistically address. The impetus for starting Sending Labs, for example, came from our founding team noticing that Web3 had virtually no cohesive communications infrastructure, especially at the group level. Source
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An anonymous Ethereum investor has lost more than $2 million trading Ether (ETH) since Sept. 9, 2022, on-chain data shows.Buying Ether high, selling lowSpotted by on-chain monitoring resource Lookonchain, the "stupid money" trader spent $12.5 million in stablecoins to buy 7,135 ETH after it rallied 10% to $1,790 in September
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Over a decade ago, the cofounders of TopIQs were freelance internet marketers dealing with many of the frustrations that still irk freelancers today. They invested significant time pitching, landing and completing projects for clients on freelance marketplaces. When it was time to get paid, they spent weeks or months chasing
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So, we’re now in a less than ideal situation. Bad actors are undeterred by the lack of regulation, but good actors are. The result: Bad actors face far less competition. It’s not, thankfully, zero competition. There are quite a lot of good actors in this space, but due to absent
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Most of the high profile collapses in 2022 – FTX, Celsius, Voyager, Three Arrows Capital, Genesis – involved custody-holding CeFi (centralized finance) companies that put customer funds at risk. That has galvanized supporters of DeFi (decentralized finance), who rightly note that the most robust decentralized market-making and exchange systems survived,
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The Organisation for Economic Cooperation and Development (OECD) analyzed the crypto winter in a new policy paper titled “Lessons from the crypto winter: DeFi versus CeFi” released Dec. 14. The authors examined the impact of the crypto winter on retail investors and the role of “financial engineering” in the industry’s
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In May 2022, Terraform Labs’ LUNA cryptocurrency and TerraUSD (UST) stablecoin collapsed, triggering a massive shock in the crypto industry. Six months later, the bruised industry took another hammering as one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy protection and billions of dollars of user assets went missing.
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“Crypto trading platforms, combining multiple activities that are normally separated in traditional finance, can lead to concentrations of risk, conflicts of interest, and a misuse of client assets,” the FSB said, noting it had drawn “preliminary lessons from the recent failure of FTX.” Original Source
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Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events.In a Nov. 20 Bloomberg interview, Buterin said that the collapse of FTX contains lessons for the entire crypto ecosystem.He acknowledged that the
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Second, and as discussed above, the CFTC cites the respondents’ public statements and marketing as examples of business control. For example, the commission points out that the co-founders “made public statements, appeared in interviews, wrote articles, led calls with community members that are publicly available on YouTube and otherwise publicly
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