Small creditors put at risk by latest FTX bankruptcy development

The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX. In a piece published on Nov. 18 by Forbes Magazine, the CEO of FTX’s affiliate company Alameda Research, Caroline Ellison, has been dubbed “Queen Caroline.”The magazine attempts to portray Caroline Ellison in…

Intel and software multinational company SAP have announced that they are joining forces to address “gaps in the market” for solutions that power enterprise blockchain systems, according to an official Intel post September 4.Intel and SAP write that their 25-year collaboration on enterprise infrastructure platforms has recently expanded to encompass blockchain technologies, spearheaded by the…

Thomas Farley said traditional Wall Street banks made the Coinbase stock listing and innovations in crypto possible by largely ignoring the industry. 1269 Total views 11 Total shares Thomas Farley, president of the New York Stock Exchange, said the world of finance was "past the point of no return" on crypto following Coinbase's public listing…

A recent price recovery in the Bitcoin (BTC) market risks getting erased due to an eerie fractal from 2018.Bitcoin price cycle similaritiesFirst spotted by CryptoBullet, an independent market analyst, the fractal shows Bitcoin recreating an inverse head-and-shoulders (IH&S) pattern that preceded its price decline toward $3,100 later in December 2018. As a result, anticipations that…

KuCoin’s Know Your Customer checks will require new users to complete identity verification to access all services, while existing non-KYC users will not be able to deposit. Major cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks.On June 28, KuCoin officially announced the upcoming KYC…

One of the hottest topics in cryptocurrency right now is the potential ability for distributed ledger technology to transform the borrow and lending activities in traditional banking. This helps banks solve two major issues: application of legal actions and liquidity.But “on-chain” technology could solve another essential, but less recognized, problem: credit.  In theory all the…

Boomers and Gen-X investors have increased their Bitcoin investments by a factor of nine since the start of the global lockdown. 741 Total views 13 Total shares The older generations have increased their monthly Bitcoin investments by a factor of nine on U.K crypto trading app Mode since the beginning of the pandemic and lockdowns.Mode…

At least 500 Space Force staff members have been affected, according to the department’s former chief software officer. 185 Total views 5 Total shares The United States Space Force has temporarily banned its staff from using generative artificial tools while on duty to protect government data, according to reports.Space Force members were informed that they

However, Ethereum saw outflows in the amount of $2 million and remains the asset with the most outflows year-to-date. 494 Total views 10 Total shares Bitcoin continues to shoulder the market, as digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming. According to CoinShares, this brings the four-week total to…