But blockchain firm Ripple’s Chief Technology Officer, David Schwartz, weighed in on Sam Bankman-Fried’s sympathizers but also went on to detail what went wrong with the company. Ripple CTO’s Take on FTX Collapse The exec listed out three things that went “horribly wrong.” FTX customer fiat assets were left in Alameda accounts and used by...Read More
In addition to being listed among the best presales in 2022, Oryen has also been described as one of the hottest tokens for December along with Polygon and Polkadot. The innovative cryptocurrency project attracts the interest of crypto enthusiasts who have previously seen the potentially rich benefits of making investments during the ICO phase of...Read More
Lawmakers in the country have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other laws that focus on crypto mining. The Mäjilis, or the lower hours of the Parliament of Kazakhstan, approved the four bills. Following the Chinese miner exodus, Kazakhstan emerged as one of the preferred destinations due...Read More
A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies. Those who supported the asset class in March 2022 were 19%. The market has been through a lot since then – the prices plummeted, the Terra ecosystem crashed, and FTX filed for bankruptcy. Change of...Read More
Ethereum’s price has plateaued for a week with reduced volatility and volume. Ever since the Merger, the ETH price has been trading within a descending trend, forming constant lower highs and lows. The Merge has however failed to induce the required momentum due to which the XRP price remained largely bearish. However, in the meantime,...Read More
Cryptocurrency investors have had a rough 2022, what with Bitcoin’s terrible price drop and Luna’s tragic end. The recent crash of FTX, a prominent exchange for trading digital currencies, has unfortunately halted the cryptocurrency market’s rebound during the past six months. However, why did FTX collapse? A few issues surfaced, but nothing was made clear....Read More
Ripple vs SEC is one of the most talked stories within the crypto space which appear to be approaching its destiny. Hence the investor’s interest is also swelling as they are constantly accumulating a huge number of tokens in recent times. This indicates that the majority of investors continue to believe in the potential of...Read More
Microsoft revealed that malicious entities are getting more sophisticated by the day. According to a new report, Telegram chat groups are being used to target cryptocurrency investment companies. The tech giant identified a threat actor – DEV-0139 – who infiltrated Telegram groups posing as a representative of a crypto platform. Targetted Attacks Against Crypto Companies...Read More
Orbeon Protocol (ORBN), a nascent blockchain platform on the rise, experienced a major outage following an unprecedented 655% surge in demand this week. But while Orbeon Protocol investors are causing website outrages, other investors are running from the outages occurring on the Solana (SOL) blockchain. What is Orbeon Protocol (ORBN)? As one of the first...Read More
MicroStrategy Executive Chairman Michael Saylor spoke on Tuesday about the layers of evil and mismanagement behind FTX’s collapse last month. The executive accused the exchange’s former CEO, Sam Bankman-Fried, of both committing securities fraud through FTT, and using the asset as collateral to gamble away his depositor’s money. Dissecting the FTX Fraud In an interview...Read More
Chapter 4 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
