“I donated to both parties,” FTX founder and former CEO Sam Bankman-Fried said in an interview with Tiffany Fong published Tuesday. “I donated about the same amount to both parties.” Since the launch of FTX in 2019, Bankman-Fried has openly supported Democratic candidates. In 2020, Bankman-Fried was one of the largest donors to the campaign of now-President Joe Biden, with…
This is an opinion editorial by Alexandria, a citizen of Zimbabwe and a second year business administration student at Liaoning Shuhua University in China. Have The Majority Of Africans Ever Had Access To Wealth Like Bitcoin? If the question were to be posed, “Do many people in Africa have shares in Google, Amazon or Microsoft?” or “Have many people, from…
Cryptocurrency exchange Huobi has partnered with the Commonwealth of Dominica to roll out a digital identity and national token service that promises digital citizenship of the West Indian island nation. Not to be confused with the nearby, larger Dominican Republic, Dominica is home to some 72,000 people and is situated in the middle of the Lesser Antilles archipelago. The government…
U.S. crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today, agreeing to pay $362,158.70 for apparent violations of sanctions against Iran. “Due to Kraken’s failure to timely implement appropriate geolocation tools, including an automated internet protocol (IP) address blocking system, Kraken exported services to users who appeared to be in…
This is an opinion editorial by Erik Dale, host of the “Bitcoin For Breakfast” podcast. While we are far from harmless, Bitcoiners are arguably some of the most peaceful people on earth. Initiating violence is antithetical to Bitcoin both as a store of value and as a store of values. And the network does an excellent job at defending itself…
Chainlink (LINK) looks poised for a 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical factors. Chainlink’s price rallies ahead of staking launch The staking feature, which will go live as v0.1 in beta mode on Dec. 6, comes as a part of the so-called “Chainlink Economics 2.0” that focuses on…
The brutal bear market continues, with crypto investment products last week experiencing their biggest outflows in three months, according to a new report. Digital asset investment firm CoinShares said Monday that investors took out $23 million last week. Inflows (investors putting money into crypto products) were experienced only in short Bitcoin funds, which bet on the price of the digital…
This is an opinion editorial by Federico Tenga, a long time contributor to Bitcoin projects with experience as start-up founder, consultant and educator. Image source The term “smart contracts” predates the invention of the blockchain and Bitcoin itself. Its first mention is in a 1994 article by Nick Szabo, who defined smart contracts as a “computerized transaction protocol that executes…
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar peg on Nov. 10. In normal times, this might have raised alarm bells. But, these aren’t normal times. In fact,…
In brief Sports NFT startup Candy Digital completed layoffs today, a source confirmed to Decrypt. The company surged to a $1.5 billion valuation just months after it was founded in 2021, but the wider NFT market has struggled in 2022. Candy Digital, a sports and entertainment NFT startup that was founded in 2021 and rocketed to a $1.5 billion valuation…
