The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific. Bankman-Fried tweeted his thoughts in response to an idea floated by the Commodities Future Trading Commission (CFTC) commissioner Christy Goldsmith Romero on Oct. 15, saying the establishment of a “household retail investor”…
Japan’s national police have pinned North Korean hacking group, Lazarus, as the organization behind several years of crypto-related cyber attacks. In the public advisory statement sent out on Oct. 14, Japan’s National Police Agency (NPA) and Financial Services Agency (FSA) sent a warning to the country’s crypto-asset businesses, asking them to stay vigilant of “phishing” attacks by the hacking groupaimed…
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed. Peter Schiff on U.S. Economy: Two…
Crypto is totally dead lately—if you’re only looking at the price action. Yes, Bitcoin is down 72% from its all-time-high price in November 2021, almost one full year ago. Ethereum is down the same, 72% from its own high of $4,878. Woof. Crypto advocates point out that it’s not just crypto, stocks have been hammered too. And they’re right: everything…
This is an opinion editorial by Dan Gould and Nick Farrow. Gould is a developer who worked on TumbleBit, PayJoin and Chaincase App and has been sponsored by Human Rights Foundation and Geyser Grants. Farrow is an Australian Bitcoin engineer best known for his open source payment processor SatSale. “Hey, I just got an invite to this hackathon in Malaysia,”…
In brief Magic Eden, the largest NFT marketplace on Solana, no longer requires traders to pay creator royalties. It’s an abrupt shift to the platform’s stance on royalties following the rise of rival marketplaces that started the trend. Magic Eden, the most popular marketplace for Solana NFTs, announced late Friday that it would no longer strictly honor creator-set royalties on…
Considerable anxiety exists in the world of Web3 related to regulation and the legal status of cryptocurrency projects. It’s particularly apparent in the United States, where the Commodity Futures Trading Commission (CFTC) fueled concerns in September with an announcement that it was imposing a $250,000 fine on a decentralized autonomous organization (DAO), Ooki DAO, and its investors. The fine was…
Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against cyberattacks and jamming, which are getting harder,” Musk stressed. We’ll Keep Funding Ukraine…
Snoop Dogg and Web3 are becoming a familiar combo, akin to coffee and donuts. The iconic West Coast rapper dropped a music video on Saturday for “Crip Ya Enthusiasm,” featuring a digital performance captured by Web3 startup Astro Project. The company is also behind the digital environment in which the video takes place. The music video was animated in Unreal…
Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies. Not surprisingly, droves of crypto companies are setting up shop…
