Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady, and NBA point guard Stephen Curry promoted FTX. Pop star Taylor Swift reportedly could have been one of the faces of failed crypto exchange FTX had talks over a $100-million deal not ended prematurely. According to a Dec....Continue Reading

Blockchain trilemma is arguably the hardest technical problem to solve within Web3. How are blockchain networks approaching this? Are L2 networks the saviors? The emergence of a new tier of blockchains called layer-2 chains that have leveraged new cryptographic techniques like zero-knowledge-proofs (ZKPs) has helped address the scalability enigma. While the world was busy solving...Continue Reading

Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds. An American legislator has asked the United States Government Accountability Office (GAO) to look into the performance of the Securities and Exchange Commission (SEC) regarding the...Continue Reading

The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges. Crypto asset provider Zodia Custody has launched a new service to help protect its clients from exchange insolvency.  According to the company, its new service, Interchange, will provide an alternative to the pre-funding and margin models of exchanges....Continue Reading

Helio protocol had a total value locked of approx. $90 million before the incident. According to a Twitter post dated Dec. 7, stablecoin protocol Helio, which issues the HAY stablecoin pegged against the U.S. dollar, said that the firm had bought back $3 million worth of bad debt in HAY thus far in the open...Continue Reading

A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash. Cryptocurrency mixing services are a divisive subject in the industry. Some advocate for the privacy-enabling features of these protocols while others maintain that they are mainly used for illicit means. For platforms like Tornado Cash, the mainstream verdict is “guilty...Continue Reading

The scope of the AUP was limited to users’ BTC holdings on Binance. According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers’ Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that “Binance was 101%...Continue Reading

Lehman Brothers’ 2008 collapse nearly brought the world financial system to its knees. Does FTX really compare? Are such analogies even useful? The FTX collapse was bad, but how bad? Almost from the moment that the Bahamas-based exchange suspended cryptocurrency withdrawals in early November — and three days before it filed for bankruptcy — the...Continue Reading

Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. The FTX bankruptcy has sent the crypto space into a downward spiral, and the crypto space is still buzzing to get all the details that led to this situation. Numerous reports have popped up, and the bankruptcy hearings bring...Continue Reading

One-quarter of the global populace is going to be spending at least an hour a day in the metaverse by 2026, according to tech consulting firm Gartner, for shopping, gaming, education and more. But at some point, people are going to have to demonstrate that its really them behind the avatar. Thats just one reason...Continue Reading