Key Ideas Sam Bankman Fried’s crypto empire had a $6.8 billion deficit on its balance sheet when it filed for bankruptcy in November 2021, according to a recent filing with the bankruptcy court. It was believed that FTX was overextending itself because of its operations’ rapid expansion, which included sponsoring important sports teams and leagues.…
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Key Ideas The group of bills pertaining to the digital ruble were approved in their first reading by members of the Russian State Duma. To provide definitions and establish procedures regarding the introduction of central bank digital currencies, the law amends numerous other statutes. The responsibility for keeping track of the money and ensuring its…
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In addition to Coinbase stock rising over 100% year-to-date, Bitcoin’s recovery in 2023 has helped Cathie Wood’s ARK portfolio. By 2023, both Bitcoin and Cathie Wood’s investment in Coinbase (COIN) have outperformed Warren Buffett’s well-known “crypto bet” in Brazil’s largest fintech company Nubank (NU). Bitcoin vs. crypto-exposure stocks NU, COIN The price of…
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Key Ideas On-chain data shows that miner Euler Finance transferred 100 RTH to the infamous hacker group from their wallet. There may or may not have been a connection between the attack and the Lazarus Corporation. The Euler Foundation earlier yesterday announced a $1 million reward for any information regarding the hacker and the amount…
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To offer a more adaptable way to stake and earn, more and more DeFi Protocols are beginning to support LSD. Crypto enthusiasts are interested in liquid staking derivatives, a relatively new way to make money with cryptocurrencies. What advantages does it offer, then? Is this one of the motivations for Defi? What causes DeFi…
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Key Ideas 24 hours after the Shapella upgrade, users will be able to withdraw their staked ETH from Coinbase. The staking procedure is controlled by the Ethereum protocol, so Coinbase has not yet calculated how long it will take to reverse the wager. Users of US exchanges might have to pay taxes on any rewards…
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The CEO of Galaxy Digital believes that the US economy will face difficult times but remains optimistic about cryptocurrencies. According to Michael Novogratz, founder and CEO of Galaxy Digital, the United States is on the verge of a credit crunch, making this the ideal time to buy gold, silver, and bitcoin. In an interview with…
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Key Ideas The Shiba Inu (SHIB) token abruptly fell by almost 10% after accusations that its upcoming layer-2 copied Rinia’s code without renaming Chain ID. To capitalize on the Layer-2 craze, the long-awaited Layer-2 Shibarium community has scheduled a beta release for this week. The aforementioned information has been refuted by members of the active…
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The mining sector is evolving thanks to new hardware, but other cryptocurrency sectors are still struggling. The beginning of 2023 gave rise to expectations that the blockchain industry was headed toward recovery, but weaker-than-anticipated financial results and a wave of bad news in February have raised questions about this outlook. However, not every industry sector…
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The most recent version of ChatGPT can find Ethereum smart contract vulnerabilities and exploits, but will it eventually take the place of developers? The most recent iteration of ChatGPT has generated a lot of buzz online thanks to stellar performance on SAT tests and the identification of flaws and exploits in Ethereum smart contracts. The…
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