Cryptocurrency exchange FTX may have misused customer funds in violation of its own terms of service. Although, there is legalize needed to use uncertainty in the statement that crimes might have been committed. It is very apparent that financial crimes and theft and misuse of client funds did happen. FTX placed billions of dollars worth …
Here is a snapshot of the top 13 or so crypto exchanges for cryptocurrency, crypto exchanges for derivatives and distributed exchanges. Various exchanges already had problems before the recent collapse of FTX. Voyager went under. Now Genesis has frozen withdrawals. Crypto.com is in danger. Crypto.com’s Cronos token (CRO), fell 55% in a week before getting …
Here is analysis that makes that case that collapse of the FTX exchange and the FTT token ponzi is a faster version of what will happen to the japanese Yen and the UK Pound. Here is some data about external debt. The foreign debt (not in domestic currency) is what can be greater than the …
Almost as soon as they burst onto the scene with CryptoKitties back in 2017, non-fungible tokens (NFTs) have been hailed as the future of digital collectibles. With their innate scarcity and the ability to represent just about anything digitally, NFTs have a lot of potential for a wide variety of applications. Unsurprisingly, this has led …
Tom Brady and his x-wife Gisele Bundchen are at risk of losing $650 million if crypto exchange FTX goes completely bankrupt. Tom and Gisele apparently invested $650 million in the FTX company. Tom Brady still has a three-year contract. Tom is getting paid $75 million this year which includes $45 million in endorsements. Brady makes …
It’s becoming increasingly important to focus on keeping your wallets safe. There are plenty of hackers and other cybercriminals looking to get their hands on your crypto investment. Check out five essential tips on how to make that doesn’t happen. One of the major topics in the world of crypto is security. The threat of …
The FTX crypto exchange, was second largest in the world, has collapsed. Binance, the largest crypto exchange, was considering buying FTX but is now unlikely to follow through. Bitcoin (BTC) is under $17000. Ether (ETH) is below its post-Merge low of $1,160. As of June 30, 2022, Alameda Research (sister company of FTX, both headed …
Cryptosat, a startup creating satellites that beam cryptographic building blocks down to Earth, has raised $3 million from seed investors. The company aims to harden cryptographic applications by providing tamper-resistant trusted execution environments in space. Trusted setups are vital to many areas of cryptography. A guaranteed absence of physical security vulnerabilities would improve the integrity …
Smart exchange ecosystem, Unizen has received a $200 million capital commitment from Global Emerging Markets (GEM), a $3.4 billion alternative investment group, to expand its product range, expand the firm, and bolster innovation. According to the team, the fund commitment will be released in stages based on mutually agreed milestones and performance metrics to optimize …