FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
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Defi Chain Co-Founder: FTX’s Collapse Has Rekindled Interest in Defi and Associated Products
According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest…
Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano
The crypto investor and Bitcoin bull said that in crypto, market forces tend to eliminate bad people as quickly as bad businesses.
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think…
Formula One Team Haas F1 to Mint Branded NFTs With Opensea
U.S.-licensed Formula One constructor Haas F1 Team has announced a collaboration with non-fungible token (NFT) marketplace Opensea. As part of the agreement, a collection of NFTs will be produced for…
Google Admits Crypto Winter Is Hurting Ad Business
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen…
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of…
Further BTC mining consolidation as Crusoe acquires peer mining firm
Crusoe Energy Systems has just acquired the operating assets of Great American Mining, a sign that further consolidation could be ahead.
Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States…
European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space
Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is…