The 2022 crypto winter got colder and darker in November when one of the biggest and most prominent crypto exchanges, FTX, imploded. The company, which had bailed out several crypto firms during the Terra-induced crash in May 2022, ended up filing for bankruptcy. While FTX’s founder, Sam Bankman-Fried (SBF), and other executives are currently facing...Read More
The Consumer Price Index (CPI) releases showing the current inflation rate in the USA and the Federal Open Market Committee (FOMC) meetings which determine the rate hikes in the country, have resulted in significant price swings in the cryptocurrency market over the past several months. In the following, we take a look at the events’...Read More
Stablecoins have continued to play a very critical role in the crypto economy. The ongoing bear market also demonstrated that dollar-pegged coins like USDT and USDC witnessed a parabolic growth in market cap this year. However, top stablecoin issuers seemingly took a break from printing in December amidst a great deal of market turmoil and...Read More
The International Monetary Fund (IMF) is an international organization with 190 member countries. They cooperate in an effort to stabilize the world economy. By tracking economic and financial events, the IMF monitors and supports the economy. It keeps track of how countries are functioning and possible threats, such as trade conflicts or uncertainties. Offering its...Read More
Leading decentralized lending protocol MakerDAO has lost its dominance in the DeFi market as liquid staking protocol Lido Finance claimed the top spot with the highest total value locked (TVL). According to data from the DeFi market aggregator, DeFiLlama, Lido Finance currently has $5.9 billion in TVL, with MakerDAO and AAVE taking second and third...Read More
The world’s largest crypto trading platform is reportedly close to completing the acquisition of Gopax – one of the most utilized Korean exchanges. If closed, the deal will signify Binance’s entrance into the South Korean market. Citing a report by a local media outlet, the popular blockchain journalist Colin Wu informed that Binance had “recently...Read More
The price of XRP has recently been rejected at important points as the asset continues to be impacted by numerous events, from legal to market sentiment. cryptocurrency analyst Michal van de Poppe stated that XRP has encountered resistance at the $0.37 level and may return to the $0.343 level quickly based on its previous movement. ...Read More
Veteran Bitcoin core dev Luke Dashjr took to Twitter on January 1st to reveal that his PGP key was compromised in a hack that resulted in the loss of a significant amount of BTC. Dashjr added that he was unaware of how this happened. According to CZ, the dev lost over 200 BTC, which is...Read More
Chapter 7 of the book Reckless: The Story Of Cryptocurrency Interest Rates is published below. The full book is available on Amazon. The book was written before the bankruptcy of FTX and therefore does not include coverage of this event. However, the book does provide useful commentary in the run up to the failure of FTX, which provides...Read More
Although the disgraced founder of both FTX and Alameda Research is currently on bail under strict rules, there were multiple suspicious transfers of crypto assets from wallets linked to him or his former empire. Despite refuting any connections, Bloomberg reported that the US authorities plan to investigate the matter. CryptoPotato reported at the end of...Read More
