In The Wake Of The FTX Collapse, Vitalik Buterin Offers Crypto Lessons
Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events.
Examiner Says Celsius Had 'Insufficient' Accounting & Operational Controls
The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds.
American Investor, Bill Ackman Says Crypto Is 'Here To Say,' But Highlights A Curious Use Case
Crypto is here to stay, but the industry should wipe out fraudsters who could harm its positive impact, Bill Ackman says. The billionaire hedge fund manager and investor was initially a crypto skeptic. Less than 2% of Ackman’s investments are in crypto projects and related firms.
US Senator Demands Answer Over SBF ‘Lavish’ Donations To Democrats
Crypto bigwigs have spent millions of dollars funding recent U.S. election campaigns, including those for the 2024 U.S. presidential elections. One name echoing here is former FTX CEO Sam Bankman-Fried (SBF). After the exchange went bust, U.S. Senators voiced concerns over some “lavish” donations.
South Korea Examines Exchange Native Tokens After FTX Meltdown
South Korean financial authorities are looking into self-issued cryptocurrencies that may exist within local crypto exchanges following FTX.com’s FTT-led liquidity crisis.
Getting Funds Out Of FTX Could Take Years Or Even Decades: Lawyers
While investors are eager to know when they will be able to get their funds back from the now-bankrupt crypto exchange FTX, insolvency lawyers warn it could take “decades.”
Bank Of England Unconviced DeFi Can Solve Financial Risk
Decentralized finance protocols cannot be trusted to mitigate risk, Bank of England Deputy Governor Cunliffe warns. He claimed that code is only as good as the rules, people and processes that create it. The BoE will consult next year on a new regulatory framework for digital assets.
Input Output Announces Privacy-Centric Blockchain & Token On Cardano
Input Output Global Inc. (IOG), the firm behind the Cardano blockchain, is releasing a new data-protection and privacy-centric blockchain and accompanying token, company chief executive officer Charles Hoskinson announced at an event at Edinburgh University in Scotland on Friday.
Bitcoin, Binance Coin, Stellar, & Chiliz Daily Crypto Price Analysis
The crypto market has continued to face problems as it shed 1.07% in a day. Bitcoin continues to lower as it shed 0.52% over the last 24 hours. Binance Coin also shows losses as it shed 0.78%. Stellar and Chiliz are both recessive as they have lowered by 0.25% and 7.54%.
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