Ethereum isn’t that great, and neither is Vitalik Buterin
TIME magazine's lengthy profile in March of "Vitalik Buterin, the most influential person in crypto" contains many of the myths and tropes such as "decentralization" and energy consumption.
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New Tether report sheds light on biggest buyers
Protos Media released a report detailing who is buying USDT, pointing out that Tether has grown from a market cap of $1B in 2017 to over $70B at the time of writing.
More Gemini staff faces layoffs in exchange’s ‘extreme cost cutting’ measures: report
A source with insider knowledge told TechCrunch that the exchange plans to cut down from 950 employees to 800 in a move aimed at “extreme cost-cutting.”
More hedge funds are betting against Tether amid digital currency meltdown
Some hedge funds are using Genesis Global Trading to short Tether, and they’ve upped the ante since the implosion of Terra’s UST algorithmic stablecoin, according to the Wall Street Journal report.
It’s over for digital art NFTs
Patrick Thompson takes a look at the recent activity in the NFT market on BSV that highlights some of the foolishness in the digital art collectible NFT market.
Coinbase and Craig Wright are going to court?
In his latest blog post, “About Coinbase,” Dr. Craig Wright alludes to the trouble on the horizon for Coinbase.
Large-cap stablecoins have depegged 600 times in 2023: Moody’s
Large-cap stablecoins depegged 707 times in 2022, Moody’s revealed as it unveiled an AI tool that can predict probable depeggings in a 24-hour period.
Hong Kong, Macau authorities arrest more JPEX scam suspects
Police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of US$191.5 million in assets held on the exchange.
US bipartisan stablecoin bill could spell doom for Tether
The draft bill states a two-year interval on issuing stablecoins and access to central bank borrowing and deposit accounts but made no mention of appropriate audits on proper backing of reserves.
QuadrigAnon: Trust No One, especially conspiracy theorists
For dramatic purposes, the creators of the Netflix documentary, Trust No One: The Hunt for the Crypto King, chose to make the conspiracy theories surrounding Gerard Cotten’s demise the focus of their film.
Axie Infinity’s Ronin Bridge hacked for over $600M in ETH and USDC
The attack on Ronin Bridge came after five of its validator nodes had their private keys compromised; transactions on Ronin Bridge are paused to ascertain that no further funds can be stolen.
Tether rejoices as El Salvador’s Nayib Bukele preps new stablecoin rules
El Salvador’s ‘millennial cool’ dictator is looking to pass new laws to make his country a safe haven for ‘crypto’ companies, including the folks behind the controversial Tether stablecoin.