Crypto

Government Funding Bill

A $1.7 trillion government funding bill approved by the U.S. Senate Thursday will bolster U.S. regulators and make it easier for states to bring antitrust lawsuits. The Federal Trade Commission (FTC), which has a number of major technology investigations underway, will get $430 million in funding, $53.5 million over last year’s levels “to bolster antitrust, […]

FTX crash

The crypto winter that began earlier this year with Russia’s invasion of Ukraine has turned into a disaster with the recent FTX crash. While the ultimate fate of FTX and its creditors is not yet decided completely, it is not all doom and gloom. Telcos may have a significant chance to jump in and take […]

Ftx Fiasco

Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to pick up business, Mathew McDermott, Goldman’s […]

Crypto empowerment

Crypto can enable financial inclusion and economic empowerment across the globe in many areas where financial services are either lacking or even  corrupted. Users of crypto can bypass some international and banking restrictions and even have an alternative to storing and saving money. As it stands today, crypto is the wild west. However, large global […]

crypto

The crypto market has had a disastrous first half of 2022. Bitcoin and ethereum have dropped by more than half since their all-time highs in late 2021. While there have been some tiny gains in recent weeks, the cryptocurrency market as a whole remains relatively stagnant. While no one knows for certain, some analysts believe […]

NFTs for Dummies

So you finally gave into the intrigue and want to know what all the fuss is about around NFTs? You’ve come to the right place. Read on for a brief yet comprehensive guide about NFTs for dummies. A non-fungible token (NFT) is a special digital code that identifies a certain sort of digital object and […]

Collapse of Ftx

The U.S. House Financial Services Committee said on Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. The committee said it expects to hear from the companies and individuals involved, including FTX founder Sam Bankman-Fried, Alameda Research, Binance, FTX and related entities, among others. “The fall of […]

Ftx’s Bankman-Fried Begged for a Rescue

As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked the phones in a futile bid to raise $7 billion in emergency funds. Hunkered in his Bahamas apartment, Bankman-Fried toiled through the night, calling some of the world’s biggest investors, including Sequoia Capital, Apollo Global Management […]