FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?
People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.
People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.
Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
An image of the sandals worn by Steve Jobs was minted as a nonfungible token and sold for over $200,000.
“I was on the cover of every magazine, and FTX was the darling of Silicon Valley,” said the former CEO on the crypto firm’s path to bankruptcy.
Back was one of the few people cited in the original Bitcoin whitepaper.
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.
The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.
The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.