An open letter to friends and family who are worried about the future of bitcoin due to the fiat business practices and subsequent collapse of FTX. This is an opinion editorial by Heather Everdeen, a mother, Bitcoiner and lifelong learner. Dear Friends and Family, The thing I want you toContinue Reading
The reality of the situation in “crypto” is people have discovered a way to recreate the corruption that exists in the incumbent financial system. The below is a direct excerpt of Marty’s Bent Issue #1282: “The personification of dirty grift.” Sign up for the newsletter here. Every once in aContinue Reading
The collapse of an industry titan exposes how various bitcoin brokerages could experience massive differences in the cost of bitcoin. This is an opinion editorial by Michael Chapiro, a materials engineer, an aerospace and defense executive and founder of Caliber. On Wednesday, November 9, in the aftermath of the collapseContinue Reading
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now pushing for crypto regulation. “What I’m going to be doing is I’mContinue Reading
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, toldContinue Reading
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request toContinue Reading
PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by the FTX collapse. The market witnessed the collapse of FTX within aContinue Reading
In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent roughly $74 million on real estate purchases in the surrounding Albany Bahamas oceanside district.Continue Reading
On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also surged onContinue Reading
During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to the fiasco is the fact that cryptocurrency enthusiasts have removedContinue Reading