Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX. According to a new report published by blockchain analytics firm Nansen on Nov. 17, bankrupt cryptocurrency exchange FTX was allegedly intertwined with that of crypto trading firm Alameda Research from the very beginning. Both entities were...Continue Reading

The discussion paper reviews the literature on the impact of CBDCs in large, developed economies and draws some conclusions and specific design elements. The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper the United States Federal Reserve Board released Nov. 17. The paper, part of...Continue Reading

CME Bitcoin futures briefly traded at a 5% discount, alarming analysts, but what does it mean for BTC price? The Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures have been trading below Bitcoin’s spot price on regular exchanges since Nov. 9, a situation that is technically referred to as backwardation. While it does point to a...Continue Reading

Bitcoin shrugs off FTX news, but analysts warn BTC and altcoins are due significant losses. Bitcoin (BTC) ranged around $16,500 on Nov. 17 as markets digested the latest events surrounding exchange FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView FTX CEO tells of “complete failure of corporate controls” Data from Cointelegraph Markets Pro and TradingView...Continue Reading

The seed round was led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology. Web3 gaming protocol Heroic Story raised $6 million in a seed round led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology, the company announced on Nov. 17. The funds will be used to hire talent, market...Continue Reading

The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market. The turbulent climate of the crypto industry is not putting a full stop to builders in the space. Arkon Energy, an Australian renewable data center infrastructure company, recently raised millions to...Continue Reading

The FTX fiasco is nothing new for Bitcoin as it survived multiple exchange collapses, bear markets and even outright bans in its decade-plus existence. The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money...Continue Reading

With its partial autonomy, the island city of Hong Kong has traditionally served as a gate to China, but with crypto, there is a catch. With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and...Continue Reading

Binance’s CEO reflects on prior dealings and relationship with SBF after the collapse of his FTX empire. Binance CEO Changpeng ‘CZ’ Zhao knew Sam Bankman-Fried was in a desperate situation when the former CEO of the now-bankrupt FTX exchange called him for a bailout. CZ opened up on the events that nearly saw Binance come...Continue Reading

A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies. Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration...Continue Reading