Shares for Coinbase, America’s largest cryptocurrency exchange, are trading at another all-time low as Bitcoin and the crypto market log some of the lowest digital asset prices in over two years. COIN stock fell 8.9% on Monday, from $44 at 14:20 UDT to $41.23 when the day closed. The current price is down 37% over...Read More
The US Bankruptcy Court of the Southern District of New York approved crypto lender Celsius’ motion for a deadline for customers to file a claim. January 3rd, 2023, has been set as the last date for creditors to file a proof of claim against the bankrupt firm. The filing reads, “The United States Bankruptcy Court...Read More
Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month. According to Charles Edwards – founder of Capriole fund – Bitcoin miner sell pressure has skyrocketed by 400% within 3 weeks alone. His data is backed up by a...Read More
Shahaf Bar-Geffen – CEO of COTI, a stablecoin development company – revealed the launch date for Cardano’s new algorithmic stablecoin at Cardano Summit on Monday. After a successful audit, the over-collateralized DJED token will go live in January 2023. What is DJED? DJED is Cardano’s attempt to create a price-stable digital asset backed by ADA...Read More
Uniswap Labs – the developer of Uniswap Protocol – released its privacy policy to be transparent about what data it is protecting and how it uses the information it collects. The team clarified that it does not maintain user accounts nor collect and store personal information such as – first name, last name, street address,...Read More
[PRESS RELEASE – Please Read Disclaimer] Venture capital has powered some of the most disruptive companies in the world. From Facebook to Airbnb and Uber, some of the most innovative startups got their early capital from venture capital firms. Now, the venture model could itself face disruption. Orbeon Protocol is a decentralized crypto venture capital...Read More
[PRESS RELEASE – Delhi, India, 21st November 2022] Tuition Coin aims to enhance the appeal of the Cardano ecosystem through its Teach to Earn nature. The venture will streamline participation in educational technology, benefiting students and teachers alike. Tuition Coin is created by the Crystal Chain team and brings Teach to Earn to the Cardano...Read More
Celsius’s Bankruptcy Crisis Celsius was a fintech platform that provides borrowing, digital and fiat payments, and interest-bearing savings accounts. In June 2022, it filed for bankruptcy. According to Bloomberg, Celsius co-founder and CEO Alex Mashinsky said that the platform’s digital asset count increased more quickly than Celsius was prepared to use. As of July 13,...Read More
Collapsed crypto exchange FTX owes nearly $3.1 billion to its top 50 creditors, as per filing from its Chapter 11 bankruptcy protection proceedings. It was earlier reported that the company may have more than one million creditors in total. The filing, which brings clarity to the scope of the potential losses faced by FTX clients,...Read More
Toonie Takeover The month of November is an important one for the crypto world. Not only is it the month when Bitcoin halving occurs but Ethereum 2.0 is also expected to go live. This will have a significant impact on the prices of Ethereum-based assets such as Compound, Kava, and Casper. In this blog post,...Read More
The entity that drained FTX’s wallets after the fallen exchange filed for bankruptcy continues to move around the funds. Although the Bahamas’ securities regulator claimed it siphoned the funds, the suspicious transactions now are questioning this narrative. The wallet designated as the FTX drainer started moving funds during the weekend, as CryptoPotato reported. A new...Read More
Chapter 1 of the book Reckless: The Story Of Cryptocurrency Interest Rates is published below. The full book is available on Amazon. The book was written before the bankruptcy of FTX and therefore does not include coverage of this event. However, the book does provide useful commentary in the run up to the failure of FTX, which provides...Read More
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using FTX.US, not the international exchange that melted down. The report is slightly misleading, however, as it ranked the top 30 countries by monthly users, not...Read More
