FTX Suffers $400M Hack After Declaring Bankruptcy, Remaining Funds Moved to Cold Storage
Market Analysis

Keys to $3.6M in BTC Compromised

January 2, 2023 0

A veteran Bitcoin developer, Luke Dashjr, revealed that he had lost $3.6 million worth of Bitcoin in a hack. There are several theories as to what happened. Luke Dashjr, one of Bitcoin’s earliest developments, revealed […]

Market Analysis

‘None of These Are Me’

January 2, 2023 0

Sam Bankman-Fried, the disgraced founder of the now-defunct trading firm Alameda Research and its sister company FTX, took to Twitter to deny involvement in a series of unidentified transfers and token swaps that came from […]

The Big Short: Institutional Investors Are Betting Against Tether USDT
Market Analysis

Hedge Funds Take Short Positions Against Tether

January 1, 2023 0

2022 saw the collapse of several crypto projects. But Tether USDT is the project many expect to fail that remains standing. Traditional hedge funds believe it is a matter of time and is shorting the […]

Core Scientific Gets $37.5M Loan to Stay Afloat; BlackRock Among Creditors
Market Analysis

Core Scientific Gets $37.5M Loan to Stay Afloat

January 1, 2023 0

The world’s largest asset manager, BlackRock Inc., has issued a $17 million loan to bankrupt Bitcoin miner Core Scientific to help it stay afloat during its bankruptcy process. The loan is part of the court-approved $37.5 million […]

Bipartisan Stablecoin Bill to Be Delayed Until September 2022
Market Analysis

A Solution to Inflation and a DeFi Enabler?

January 1, 2023 0

A Stable Currency Would Retain Its Purchasing Power Over Time Most of the world’s fiat currencies have a high rate of inflation, which causes consumers’ purchasing power to decrease. To prevent their savings from depreciation […]

NFT Investors Heap Into Unsellable to Offset Tax Losses
Market Analysis

NFT Investors Offset Tax Losses Through Unsellable

January 1, 2023 0

Several NFT investors have found a new means to recoup their losses on their worthless digital assets through services being provided by Unsellable. The platform has polarized the crypto community, which has remained skeptical about […]