Elmo
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Full-time family guy, part-time crypto writer, researcher, and trader. Spartan racer on rest days.

Binance Now Has a Secure Foothold of the Japanese Market

Binance, the world’s largest and most recognized cryptocurrency exchange, entered the Japanese market by buying the regulated Sakura Exchange Bitcoin Co., Ltd. (SEBC).  SEBC, a Japan Financial Service Agency (JFSA) regulated company, is now 100% owned by Binance The acquisition,…

Bahamas Attorney Gen Defends Authorities’ Action in the FTX Bankruptcy

On November 27, Bahamas Attorney General and Minister of Legal Affairs Ryan Pinder, released a national statement that seems to justify the actions of Bahamian authorities in the FTX collapse.  The 23-minute video made a strong argument that the Bahamas…

Dive Into the Exciting World of Metaverse and NFTs

Non-Fungible tokens (NFTs) and the Metaverse have gained popularity and growth this past couple of years. Early adopters were able to make millions by owning and selling some digital assets like Crypto Punks and Bored Ape Yacht Club NFTs.   Some…

Senators Warn Fidelity Not to Offer Bitcoin in Retirement Savings

In April of this year, Fidelity Investments announced that it will start to give customers the option to put Bitcoin (BTC) in their 401(k)s.  But US Senators are trying to convince the Financial Giant to renege from offering BTC-backed retirement…

Gemini Under Scrutiny Despite Assurances that Funds are Safe

The collapse of FTX, a major cryptocurrency exchange, has put into question the stability of all exchanges.   This doubt in the crypto space did not spare Gemini, considered to be one of the most regulated crypto companies in the US.…

Cardano’s Algorithmic Stablecoin DJED to be launched by January 2023.

The much-awaited Cardano-based algorithmic stablecoin DJED is set to be launched on January 2023.  This was announced by Shahaf Bar-Geffen, CEO of Coti, in the 2022 Cardano Summit. The new stablecoin was first announced in 2021 by Charles Hoskinson, Cardano’s…

Fiat-backed and Regulatory-Compliant Stablecoin to be Built on the Cardano Network.

Emurgo, the official commercial arm of Cardano, is set to release USDA, a fiat-backed and regulatory-compliant stablecoin by the first quarter of 2023. The USDA stablecoin is intended to protect users from crypto market volatility by pegging the token to…

FTX Bankruptcy Due to Complete Failure of Corporate Control at every level

John Jay Ray III,  FTX’s current CEO, has filed a declaration in support of the crypto company’s bankruptcy proceedings.  The court document revealed questionable business practices within FTX. In the financial industry, John is known for masterfully handling the bankruptcy…

SBF and FTX Influencers Shark Tank’s Mr.Wonderful & Tom Brady among many other Influencers involved in a Lawsuit

The FTX collapse saga has turned a new page as a class-action lawsuit has been filed against Sam Bankman-Fried (SBF), the former CEO of the embattled crypto company. A class action is a lawsuit filed by an individual or a…

20 Million Dollar Losses Hidden by SolChicks NFT Executives

Solchicks, a play-to-earn PVP (Player-vs-Player) crypto game, is reportedly affected by the TerraUSD (UST)/ Luna collapse in May 2022.  This information was made known by ZachXBT, an anonymous crypto twitter handle who is known for exposing anomalies and scams within…