Cryptocurrency Analysis and News Portal
The Terra network and Do Kwon rose to the highest tier of the crypto world thanks to big-shot investors, only to fall apart within a few days in May 2022. On May 7, the price of the then-$18-billion algorithmic stablecoin UST, which is supposed to maintain a $1 peg, started
Read More
Effective altruism was used to justify “increasingly risky and ridiculous” actions at crypto exchange FTX prior to its ultimate collapse in November 2022, says a former software engineer at Alameda Research.Speaking to Cointelegraph just days before FTX founder Sam Bankman-Fried’s Oct. 3 trial, Aditya Baradwaj shared how the ideology played
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 22, 2010, an early bitcoin enthusiast Laszlo Hanyecz purchased 2 pizzas and paid using just about 10 thousand BTC coins. At the time, bitcoin was trading at the sub-penny value: the total value of
Read More
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody would buy crypto. He also likened replacing national currencies to replacing air, stating that “It’s massively stupid.” Berkshire Vice Chair Charlie Munger Says Replacing
Read More
The two-week-long Bitcoin (BTC) winning streak has finally come to an end after the cryptocurrency formed its first red candle on Jan. 18.The day prior, BTC was shaping up to match or even beat its November 2013 record of 15 consecutive days of positive price movement, the longest of such
Read More
“We’re keeping the company strong; we didn’t cut into muscle,” Lubin said in an interview with CryptoX. “We sort of right-sized support functions, some customer support, some internal team support, because there’s just less activity in our ecosystem right now. I expect we’ll get back to doing quite significant and
Read More
Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three
Read More
Hertz stock doubled in during trading Friday. The recently bankrupt rental car company’s rally is a risky bet against Tesla. And it’s a sign of stock market froth. The Fed’s $3 trillion balance sheet expansion may have something to do with it. The stock market has continued to rally on expectations that the
Read More
China is implementing new Fortnite gameplay restrictions. These new limits could severely hinder the country’s expanding the esports scene. Overall, in-game restrictions are going way overboard. China’s government has already placed infamous limits on younger gamers. Kids and teens can’t play past 10 pm on weekdays, and they’re restricted
Read More
My Hero Academia creator Kōhei Horikoshi has been under fire for his choices in names recently. Even after changing the name, people seemed determined to find more controversy in the replacement. Not only was the original controversy overblown, but the subsequent controversies are just ridiculous. Recently there has been a massive amount of
Read More