The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the problem following the collapse of cryptocurrency exchange FTX. Kiyosaki believes that former FTX CEO Sam Bankman-Fried is more like the Bernie Madoff of crypto than the Warren Buffett of crypto. Robert Kiyosaki on Bitcoin, FTX Blowup, Bernie …
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.” SEC Focused on Enforcement The U.S. Securities …
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins, which add up to …
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according to the joint statement. Bipartisan Congressional Hearing to Be Held in December Over …
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse Leggi altro »
The exchange’s collapse will change the motivations for bitcoin adoption and re-orient educational routes. This is an opinion editorial by Brooks Lockett, a freelance writer and Bitcoiner who fell down the rabbit hole in 2018. I long for the day when savers outnumber speculators on this planet. And the FTX saga has shown us that …
FTX’s Collapse Reveals Deeper Questions About Bitcoin Adoption Versus Speculation Leggi altro »
The collapse of FTX teaches valuable lessons, alongside the certainly negative aspects of contagion spreading in the industry. This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. When one of the Bitcoin Magazine editors …
FTX And Bitcoin: The Good, The Bad And The Ugly Leggi altro »
The new BLIP app promises secure and private communication leveraging Bitcoin’s Lightning Network and a novel encryption method, Hexum. A new Bitcoin-based encrypted chat platform has been announced at the Adopting Bitcoin conference, BLIP. The new app, yet to be publicly released, leverages Hexum, a proprietary multilayer encryption method, also created by the team behind …
Built On Bitcoin’s Lightning Network, BLIP Wants To Make Your Chats Unstoppable Leggi altro »
Bitcoin Magazine’s first annual survey also found that Bitcoiners value BTC-related policy over party in politics. Bitcoin users place a higher importance on a politician’s BTC-related policies and agenda than their party, a survey by Bitcoin Magazine has found. Over 72% of respondents said they would vote for a pro-Bitcoin candidate even if they were …
Michael Saylor Is The Bitcoin Twitter Personality Of The Year: Survey Leggi altro »
Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital. Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications following the collapse of FTX Exchange, per a tweet from Genesis Trading. Genesis Global Capital boasts an institutional …
Genesis Global Capital Halts Bitcoin, Crypto Withdrawals Leggi altro »
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