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The resiliency of stablecoins and whether they're backed by a reliable pile of money is a contentious one in the cryptocurrency industry. Stablecoins are meant to closely track the value of something else, often the U.S. dollar. So if investors have put, say, $10 billion into a stablecoin, there should,
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While the former FTX CEO Sam Bankman-Fried (SBF) has done numerous interviews, during these discussions he’s explained on numerous occasions that as far as Alameda Research is concerned, he “wasn’t running Alameda.” SBF wasn’t the CEO of the trading firm Alameda Research as the job was handled by Caroline Ellison,
Read MoreUsers who have lost millions suspect 3Commas of leaking sensitive API credentials, but the firm insists that it is not to blame for the stolen funds “to our best current knowledge.” Original Source
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The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The first point MAS wanted to make was that it could not protect local users from the fallout from
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Simms has asked the court for provisional relief including the recognition of Bahamian bankruptcy and liquidation proceedings, and orders entrusting FTX’s assets located in the U.S. to Bahamian liquidators, authorizing “urgent discovery measures,” and preventing any of FTX’s assets to be “transfer[ed], encumber[ed] or otherwise dispose[d] of.” Original Source
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Hodder explains that because ICE Poker is a peer-to-peer game, where there is no “house” that always wins, “the decentralized nature moves the legal issues away from the appearance of gambling.” And the focus on skill matters. “If the ability to win depends on chance or luck, it's more likely
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Those choices have, in turn, led to genuine financial contagion within crypto markets, including tragic rugpulls for a number of startups that had funds custodied with 3AC. More to the point, though, 3AC set the market up for a wave of forced sales of bitcoin, ether (ETH) and similar blue-chip
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Today on “The Breakdown,” NLW looks at what the first month of the year taught us about what to expect in 2022. Overall, he argues that the most important megatrend was the shift from risk-off to risk-on as the U.S. Federal Reserve looks towards quantitative tightening later in the year.
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Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably
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It has been a rough past few days for Bitcoin and the entire crypto market. Following BTC’s tests
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