A new FTX report is out that is as bitingly scathing as we have come to expect from an FTX report. Binance is in the news again. Other crypto companies are acting like crypto companies. And central banks and governments are wanting to control money and populations. FTX spent customer funds on cartoon, book about …
Cryptocurrency
A standard week in crypto. The SEC is going after Binance. With 136 pages of pretty spectacularly scathing allegations. At least the person writing the court docs has a sense of humour. Meanwhile, US lawmakers are fighting for regulatory clarity, whilst the UAE is just pressing on and making itself as welcoming as it possibly …
Hong Kong is getting ahead, set to announce retail crypto trading under new rules coming in on June 1st. Crypto companies are flocking there, signalling their interest to register for licenses. China is going all in on the Metaverse. And even the World Economic Forum is weighing in on the need for clear- or any- …
Dogecoin, the digital currency that began as an internet meme, has evolved into a widely traded cryptocurrency. While its value might not stand up to giants like Bitcoin or Ethereum, its popularity has skyrocketed, creating an interest in acquiring this distinctive digital asset. One method to gain Dogecoin is through mining. But how does one …
Crypto should be regulated like gambling, UK lawmakers say, pretty much everyone else disagrees. The Secret Service owns crypto, loves blockchain and has its own NFT collection. Tether holdings claims it’s doing well but just pulled $4.5 billion out of banks, whilst trying to prove what Tether’s USDT stablecoin is backed by. DCG has missed …
A leaked memo reveals plans for a US crackdown on crypto, as crypto exchanges are questioning – and challenging- the legals of the US government’s stance on crypto. More FTX ties to paying politicians are coming out. Binance is leaving Canada, blaming new regulation that it says makes it unfavourable to stay there, as the …
A video has gone viral showing how anyone can create a crypto memecoin. In less than 27 seconds. Scary. This explains how the existing thousands of joke coins exist, and how we can realistically expect an influx of more. In many ways crypto hasn’t matured since the 2017-ish initial coin offering bubble. The world’s governments …
The crypto industry is ‘at war’ with US SEC Chair Gary Gensler and friends, who just faced a difficult hearing where they were accused by US representatives of “nonsensical” punishment of crypto companies and “overly aggressive” rulemaking, amongst other things. They’ve certainly had more success in driving good companies away than in stopping scams. It …
The EU has approved the most expensive, and clear, crypto regulation yet. This is great! The industry and the EU will benefit. Meanwhile the UK is being rapidly left behind, as is the US. The US SEC is facing mounting criticism for its stick and stick ‘bad policy’ approach to crypto regulation, and US crypto …
The latest report on bankrupt exchange FTX is out – it’s still a mess, but they’ve managed to recover $7.3 billion of customer funds, and are remarkably considering re-launching the exchange as one option. The EU is looking to give enhanced training to police to combat crypto crime, and is calling for tougher identity checks …
ECB president Christine Lagarde was tricked into speaking openly about their plans for controlling via money in a video call with a fake Zelensky. Lots of progress on the central bank digital currency (CBDC) front in the EU, UK and US. All of it inevitably bad for privacy and freedom. Some rants below. Crypto lobbying …
An almost typical week in crypto. Banks collapse, banks won’t serve crypto companies, those banks that want to serve crypto companies are stopped from doing so, criminals move fast, and lots to run away screaming from. The founders of failed crypto fund 3AC (Three Arrows Capital), which just last year lost its investors $2.5 billion, …
Leverage trading is a popular investment strategy. It can help you maximize your profits and losses, but it’s not without risks. In this guide, we’ll show you how leverage trading works, what it means for your assets, and how to manage the risks involved with this strategy. What is Leverage Trading? Leverage trading is a …
Crypto is generally perceived as a risky investment, and while there is some truth to that, no one can ignore the utility of digital assets. Bitcoin and other similar cryptocurrencies were created with a purpose in mind; thus, they have different real-world applications. If you’re wondering what you can do with digital currencies, this article …
Happy New Year! The New Year sees a continuation of the fallout from bankrupt crypto exchange FTX, with its new management now trying to claw bank charity donations and other investments made under former CEO SBF, who has denied fraud. $1.7 million has also been sent from Alameda Research controlled wallets to mixers days after …
