Shares of Silvergate Capital, a crypto-focused bank, fell by 46% to $11.76 on Thursday after the company announced plans to lay off 40% of its staff, or approximately 200 employees. Silvergate has also halted its plans to launch a digital…
Mr. Wonderful Says Binance and FTX Were at War
Kevin O’Leary, a popular Canadian businessman, said that Binance is at fault for the collapse of FTX. This was part of Kevin’s statement when he appeared to testify at a Dec 14 US Senate Committee hearing about FTX’s implosion. Below…
Cryptocurrency in 2023 – Will It Pass or Fail?
2022 has been a roller coaster ride for the Cryptocurrency Market. Hopes of reaching another all-time high have not been realized, instead, we were forced to accept that we are indeed in a bear market. Several big crypto companies folded…
The FTX Timeline, a Lesson on Fear and Greed
FTX was once perceived as a juggernaut in the crypto space. Its founder and CEO, Sam Bankman-Fried, was once touted to be crypto’s white knight in the ongoing bear market. But Sam’s charm and billions all turned to dust after…
Ethereum Creator Vitalik Blogs About Amazing Blockchain Applications
VitaliK Buterin, co-creator of Ethereum (ETH), shared five things that excite him about the blockchain in a blog post. He focused on Crypto and ETH applications that addressed real-world needs. Buterin, a Russian-Canadian programmer, published the Ethereum white paper in…
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.…