The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTXContinue Reading
The exchange’s collapse will change the motivations for bitcoin adoption and re-orient educational routes. This is an opinion editorial by Brooks Lockett, a freelance writer and Bitcoiner who fell down the rabbit hole in 2018. I long for the day when savers outnumber speculators on this planet. And the FTXContinue Reading
The new BLIP app promises secure and private communication leveraging Bitcoin’s Lightning Network and a novel encryption method, Hexum. A new Bitcoin-based encrypted chat platform has been announced at the Adopting Bitcoin conference, BLIP. The new app, yet to be publicly released, leverages Hexum, a proprietary multilayer encryption method, alsoContinue Reading
The collapse of FTX teaches valuable lessons, alongside the certainly negative aspects of contagion spreading in the industry. This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. When oneContinue Reading
Bitcoin Magazine’s first annual survey also found that Bitcoiners value BTC-related policy over party in politics. Bitcoin users place a higher importance on a politician’s BTC-related policies and agenda than their party, a survey by Bitcoin Magazine has found. Over 72% of respondents said they would vote for a pro-BitcoinContinue Reading
Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital. Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications following the collapse of FTX Exchange, per a tweet from Genesis Trading. GenesisContinue Reading
Bitcoin allows everyone who wants to defect out of government-controlled money into sovereign, non-inflatable wealth. This is an opinion editorial by Kyle Schneps, director of public policy at Foundry, a Digital Currency Group company. The legacy Cold War system of defection rewarded the elite few who chose to publicly optContinue Reading
The original intent for bitcoin involved regular usage — and that needs to be encouraged in order to see full adoption. This is an opinion editorial by Scott Worden, an engineer, an attorney and the founder of BTC Trusts. “I’ve been working on a new electronic cash system that’s fullyContinue Reading
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard cautioned that failures from one platform are “spilling over into elsewhere.” Yellen: Crypto Needs ‘VeryContinue Reading
On Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only offer “limited details about the central questionsContinue Reading
