The FTX debacle may result in significant losses for Canada’s third-largest pension system. The Ontario Teachers’ Pension Plan was one of the few investors who took part in the $400 million Series C investment round that FTX held in January.…
Panic Among Investors After FTX StableCoin Reserves Plunge
Some people are warning that funds on FTX could be at risk. The concerns in the cryptocurrency community that FTX might cause another crash like Terra have been raised as a result of the rapid fall in stablecoin reserves on the…
Crypto winter NO cause for alarm: Crypto pundits
The crypto winter, as scholars may describe it has seen a vast majority of crypto assets depreciate by upwards of 90% against the US dollar ($). But shouldn’t this be a cause for alarm for the crypto startups underpinning these…
The Dark Side of Crypto Highlighted by US Congress Think Tank
One of the report, Congress Research Service report “Long Live Cash: The Potential Decline of Cash Usage and Related Implications” released on May 10, 2019, examines the decline of cash usage in the United States and contemplates on the rise…
Billionaire Tim Draper Gives Bitcoin 5 Years To Achieve Global Adoption
Tim Draper, a billionaire venture capitalist, believes that the acceptance of Bitcoin (BTC) is progressing very well on a global scale. 100 Million Bitcoin Wallets And Counting Draper described Bitcoin reaching 100 million wallets as an “amazing” accomplishment in a…
SEC Goes After Trade Coin Promoters Alleging $295 Million Scam
The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…
Vitalik Buterin: Musk Could Be “Great” Or “Terrible” For Twitter
More Twitter Inc. competitors may emerge as a result of efforts to improve the social media experience, according to Vitalik Buterin, co-founder of the Ethereum blockchain. A New Twitter In 5 Years? Speaking on Thursday at the Singapore FinTech Festival,…
Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)
It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…
Polygon Layer 2 Network adoption increases with Big Players
Polygon Network (MATIC), a layer 2 protocol under the Ethereum Network, is trying to regain lost ground despite the ongoing bear market. It is currently in the middle of rolling out projects which involve Starbucks, Bitpay, Nubank, Axelar, and Reddit.…
UK Legislators Enact Laws to Restrict Crypto Ads
On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
