Posts published on December 11, 2022 go to media archive

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…

Public Bitcoin Miners Fight For Survival

Hash rate had its first major drawdown since July 2021 and public miners are feeling the pressure as tough conditions may last for a sustained period of time. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…

Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness

Angel investor Balaji Srinivasan says the collapse of crypto exchange FTX should be treated as “a preview of state failure.” He warned that one day U.S. dollar bank accounts “may be frozen or inflated to worthlessness,”…

Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse

Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,” the rock legend…

Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance

Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability…

Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’

According to a recent report published by the Wall Street Journal (WSJ), cryptocurrency executives were allegedly concerned that Sam Bankman Fried’s (SBF) Alameda Research was trying to “depeg stablecoins.” Purportedly, high-up…

How Dozens Of Denver Middle Schoolers Became Bitcoin Entrepreneurs

An entrepreneurship program for middle schoolers in Denver equipped participants with sats and lessons in what makes Bitcoin the future.This is an opinion editorial by Ryan Brisch, Anthony Feliciano and Mark Maraia, who recently spent a few weeks…

FTX Insider Reveals New Document, Musk Catches Flak for SBF Comments, Nobel Prize Laureate Krugman Warns of Eternal Winter for Blockchain — Week in Review

It’s been another wild week in crypto, with a claimed FTX insider revealing a controversial document related to former Alameda Research CEO Caroline Ellison’s account at FTX. In related news, Elon Musk has been criticized for suggesting…

Astar Network CEO: Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’

Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot…

FirstByte Media’s Cosmin Mesenschi on How CryptoGambling.tips Helps the Crypto Community

Cosmin Mesenschi is the Founder and CEO of FirstByte Media. A brand creator with a wealth of knowledge in the crypto gambling industry. His past experiences in the sector has shaped his way of thinking about the market, leading him to find a niche…

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator…