Cyptocurrency
The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of crypto assets, including asset-backed stablecoins, can potentially…
The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of the company, reportedly purchased at least 19…
NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX. Joe Rotunda, director of enforcement at the Texas State Securities…
A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter, attempting to scam investors affected by the exchange’s bankruptcy.Created using programs to emulate Bankman-Fried’s likeness and voice, the poorly made “deepfake” video attempts to…
United States senators Elizabeth Warren, Tina Smith and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product. In a letter addressed to Fidelity Investments CEO Abigail Johnson on Nov. 21, the three senators…
Miguel SaldanaNov 22·11 min read·Project Catalyst in Cardano Could Lean On Objective Evidence to ImproveAbstract:With the current structure of the Catalyst PA/VPA process, adding additional safeguards in place that provide a more objectively-based framework will provide many benefits. The key benefit…
Hassan KarimiNov 18·14 min readDoes web3 move humanity forward?I know, it’s a big question. It’s something I’ve been thinking about for a while now and it led me down a very long and winding road.TL;DR — Maybe.If you’re going to stick…
Edinyanga OttohoOct 10·4 min readOver the past few months, we’ve experienced a significant surge in the activity of NFT creators and communities as well as meme coiners trending aggressively with the #AlgorandNFTs hashtag.The Algorand NFT space is inarguably the hottest across…
Edinyanga OttohoNov 19·7 min readIt’s no real doubt that Extended Reality (encompassing Augmented reality, Virtual reality and Mixed reality) is taking over the world by storm; the Metaverse as we may have it is rapidly evolving and inevitably approaching total immersion…
SVETNov 20·4 min readThis week was rich on macro updates but BTC kept steady (alongside with NASDAQ) as most of indicators didn’t come far from forecasts and none of those statistics (on the real estate market, mostly) is viewed by FOMC…
Decentralized exchange (DEX) Uniswap's recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto's core values. In recent responses to a November blog post regarding its…
Edinyanga OttohoNov 20·6 min readIn this series, I’ll be contrasting EVM chains and Substrate-based chains to clarify underlying misconceptions and misunderstandings associated with this subject matter.The core focus of this article is on the technical (programming) aspect of both chains, but…
Vremaroiu AlinNov 20·3 min read·Source photo Investment Scrabble text photo — Free Image on UnsplashCardano(ADA)In comparison to other Proof of Stake digital currencies like Bitcoin, Cardano is seen as a superior proof-of-stake blockchain network. It is a distributed ledger protocol with…
Marcel BoerNov 20·3 min read·Blockchain technology is poised to have a major impact on business models across a wide range of industries. By enabling secure, tamper-proof transactions, blockchain provides a new level of trust and transparency that can help businesses streamline…
Alexandr KumancevNov 20·9 min readA guide to building crypto-applicationsCryptocurrency creators face a unique challenge. In addition to creating a product that people want, they also need to think about how that product can work successfully in a decentralized way, that is,…
YAROCELIS.eth - Web3 ConsultantNov 20·5 min read🦃 Thanksgiving conversations will be lit⚽ The World CUP is here…💰 Coins of the week🐦 Tweet of the week:📰 Top Reads🙏🏻 Grateful for…🦃 Thanksgiving conversations will be litThanksgiving is a national holiday usually celebrated in…
Taebit DEXNov 21·7 min readTL;DR on FTXThe past two weeks have revealed the catastrophic consequences of severe balance sheet mismanagement and the danger of opaque centralized controls. While this piece is focused on the broader network of centralized exchanges, it is…
Jae LeeNov 21·5 min readThis is part three of a multi-part series exploring Ethereum scaling solutions. In this piece, we will explore sidechains.To learn about Layer 2 basics and Optimistic rollups head to Part 1: Optimistic Rollups.To learn about ZK rollups,…
Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan.A filing by the firm to the U.S. Securities and…
Marcel BoerNov 21·3 min read·The Digital Currency Group is a venture-backed firm that is focused on the digital currency and blockchain technology industries. The Digital Currency Group’s mission is to accelerate the development of the digital currency and blockchain technology industries.…
BSuccessfulNov 11·4 min read·Multivers XBig news! There was recently a total rebranding at the former Elrond company, which is now called MultiversX. This is just the beginning of a change in positioning in the market, and the next product of MultiversX…
Multi Layered Marketing - Web3 Writing + MarketingNov 21·7 min readAfter searching and choosing from 100’s of web3 writers over the span of 2 weeks, across all social media outlets and search, as well as asking for the top writers on…
Overview Daily spot trading volume: $911.4 million, 30 day average spot: $744.7 million. Total futures notional: $129.7 million. The top five traded coins were, respectively, Tether (↑0.02%), Bitcoin (↓3.1%), Ethereum (↓3.1%), USD Coin (↑0.0%), and Dai (↑0.03%). Strong returns from Kintsugi…
The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.HashFlare was a cloud mining company created in 2015, which purported to allow customers to lease…
Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional crypto investors for the week ending…
Cryptocurrency lending company Genesis has refuted speculation that it is planning an "imminent" bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX.The firm has reportedly faced difficulties raising money for its…
The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds. According to Etherscan data, between 4:11 to 4:17 pm UTC on November 21, the attacker moved a…
Chairman of the United States Senate Banking Committee Sherrod Brown and three other Democratic committee members sent letters Nov. 21 to federal officials and to Anthony Noto, president of SoFi Technology. They expressed concern about the online bank’s efforts to conform…
Apparently, not everything is bigger in Texas. At least not in the days following a major crypto exchange declaring bankruptcy.The collapse of FTX and the ripples former CEO Sam Bankman-Fried made in the crypto space were on many people’s lips at…
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020. Total crypto market cap in…
Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based Layer 1 protocol, to launch what it refers to as an over-collateralized algorithmic stablecoin. The project said in an announcement provided to Cointelegraph that the stablecoin will be backed by excess…
Bank of England Deputy Governor Jon Cunliffe shared thoughts on cryptocurrency regulation and decentralized finance (DeFi) in a talk on Nov. 21. He intended to speak about stablecoins and central bank digital currency (CBDC), Cunliffe said at a conference in Coventry,…
The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX.According to the Senate Agriculture Committee website, on…
The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos. According to Data from DeFiLlama, Lido protocol has earned $1 million or more…
As much as we all would want last week to be about something else, it was still all about FTX. The Supreme Court of the Bahamas has approved two provisional liquidators from PricewaterhouseCoopers to oversee the assets of the crypto exchange,…
Continued selling in the cryptocurrency markets pulled the total market capitalization below $800 billion on Nov. 21. Traders are increasingly nervous about the extent of damage FTX’s collapse may have on several crypto firms. Until the uncertainty clears, it is futile…
An amendment was introduced to the Kenyan Capital Markets Law on Nov. 21 that would require those who own or deal in cryptocurrencies to provide the country’s Capital Markets Authority with information on their activities for tax purposes, local media reported.…
“I hate to say I told you so” is a phrase oft-repeated but rarely sincere. It’s a delightful feeling to claim credit for warning about a problem in advance. That’s a liberty I’m taking with federal financial regulators at the United…
Crypto exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022.According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been making preparations to resume withdrawals. Japan’s Financial Services Agency,…
Bitcoin (BTC) held steady at the Nov. 21 Wall Street open following a weekly close at levels not seen since late 2020.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering above $16,000 after dipping…
The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s demise but rather a move toward new technology…
Serum, a "decentralized exchange" on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange.SRM price up 140% in one weekOn the daily chart, the SRM/USD pair has gained…
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In October, Greenland was reported to be exploring the feasibility of an online voting platform for its national elections. Among the options being considered is a blockchain-based system. That isn’t entirely surprising. Electronic voting, or e-voting, has long been viewed as a…
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The first legally recognized decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations.American CryptoFed DAO told Cointelegraph it will represent itself without an attorney in respon SEC allegations…