Libra Not a True Cryptocurrency? Ever since Facebook pompously unveiled Libra in June of this year, media headlines have been all over the “Facebook Cryptocurrency”. Search up the two words aforementioned and you will find a smattering of articles — from both trade publications and mainstream media business/tech outlets alike...
Bitcoin Satoshi’s Vision (BSV) was no doubt the crypto market’s flavor of the week last week. For those who missed the memo, the altcoin was at a point up around 250% on the week, outpacing effectively all other multi-billion-dollar assets on any market. This rally has allowed BSV to become...
In brief: Bitcoin has failed to rally as the Dow and S&P 500 keep dipping amidst fears of the global economic impact of the Coronavirus. Bitcoin has never been tested by a full-blown recession. It was launched after the 2008 financial crisis. BTC’s biggest test will be the forecasted recession...
Although crypto continues to flourish with acceptance mounting each day, there are some who still consider use cases for Bitcoin to be far less versatile than one could hope for. Many still search for more convenient replacements for the currency, including altcoins and even additions to the Bitcoin network. Among...
Summary: Thailand regulators have issued a fine to Samret Wajanasathian, the Chief Technology Officer of local crypto exchange Bitkub. Wajanasathian purchased tokens with inside information shortly before the exchange announced a major acquisition, per reports. The CTO allegedly bought $60,000 worth of KUB tokens as acquisition talks were ongoing. Thai’s...
BitMEX’s Alexander Hoeptner has left the company after two years. Stephen Lutz, BitMEX’s CFO, has been named as the interim CEO of the exchange. Alexander Hoeptner, Chief Executive Officer of BitMEX, is the latest crypto CEO to leave the firm amid the crypto bear market phase. BitMEX’s CFO Lutz Becomes...
Crypto exchange Bitstamp has announced a new rule which states that it will start levying a €10 fee on some inactive accounts. The new rule will not be applicable to the US based customers. Crypto exchange Bitstamp will be levying a €10 inactivity charge on some of its users. As...
Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX. The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed. FTX backed the lender with a $250 million loan following Three Arrows Capital exposure. Cryptocurrency lender BlockFi filed for chapter 11...
Crypto lender BlockFi is reportedly preparing to file for bankruptcy after revealing a significant exposure to FTX. BlockFi is planning to lay off employees in the meantime.
If you’ve been on Crypto Twitter over the past few months, you’ve likely heard the name “FTX” tossed about. For those who missed the memo, FTX is a cryptocurrency-centric derivatives exchange built by veterans of Wall Street (Jane Street, Susquehanna, and Optiver) and other financial markets. The platform offers high...
Well here’s yet another breaking story. In a U.S. Securities and Exchange Commission (SEC) press release published on Friday afternoon, it was revealed that the agency has “filed an emergency action and obtained temporary restraining order” against two entities behind the Telegram ICO for the Telegram Open Network (TON). The...
