• Craig Wright, an Australian computer scientist, has been trying to prove he is the pseudonymous creator of Bitcoin, Satoshi Nakamoto. • Wright has filed various lawsuits and attempted to present evidence to back up his claim, but so far he has not been successful. • On Wednesday, Wright seemed to suggest he was putting…
• Justin Sun, the founder of Tron, has his majority of Bitcoin stored in U.S.-based Valkyrie Investments. • Sun is one of the biggest shareholders of Valkyrie and has provided major investments to the company. • Valkyrie has partnered with Tron, creating a TRX trust and a BitTorrent trust, and promoted Tron using its own…
• Aave, a popular DeFi protocol, will implement a “proof of reserve” system to protect bridged assets on Avalanche, a decentralized finance twist on centralized exchanges. • The DAO behind Aave approved Chainlink’s Proof of Reserve smart contract by a vote of over 99% in favor. • The “proof of reserve” system will provide an…
• Former FTX CEO Sam Bankman-Fried appeared in U.S. federal court in New York on Thursday on charges of fraud, money laundering and campaign-finance violations. • The judge set bail at $250 million, secured by equity in his parents’ Palo Alto home, and a list of requirements for Bankman-Fried to remain free while he faces…
• Orthogonal Trading, a digital asset trading firm, has been placed in provisional liquidation by the British Virgin Islands courts at the request of M11 Credit. • The move follows Orthogonal Trading’s default on $36 million in loans from M11 Credit-managed lending pools on decentralized finance protocol Maple Finance. • Kroll, a corporate investigation and…
• FTX’s collapse has benefitted the many law firms and consultants hired to untangle the mess left by its founder, Sam Bankman-Fried. • Court filings from Wednesday detailed the fees charged by lawyers, tax advisers, and restructuring specialists. • There is a jurisdictional fight between the U.S. lawyers and the Bahamas government, which could delay…
Table of Contents Introduction Binance’s Financial Health The Uncertainty of Binance CEO CZ’s Red Flags Genevieve Roch-Decter’s Response Conclusion Introduction The popular cryptocurrency exchange Binance has recently come under scrutiny for its financial health. This article will discuss the current state of Binance’s finances, the uncertainty surrounding the company, CEO “CZ”‘s red flags, and Genevieve…
Table of Contents Introduction Central Bank Digital Currencies (CBDCs) Impact of CBDCs on the Global Financial System Potential Benefits of CBDCs Potential Risks of CBDCs Conclusion Introduction The world is currently witnessing a rapid shift from traditional paper money to digital money. This shift is being driven largely by the introduction of central bank digital…
Table of Contents Introduction Background The Trader’s History The Trader’s Hiatus Return to Trading Conclusion Introduction The derivatives trader is an important figure in the financial markets. For many, they are the face of financial success, with their ability to make money from their investments and trades. In recent months, however, this trader has been…
Table of Contents Introduction The Technology Behind the Digital Recreation The Visuals The Sound The Experience Conclusion Introduction The late rapper XXXTentacion was recently brought back to life in a digital form, through the use of cutting-edge technology. Fans of the artist were able to experience a virtual performance of his music, thanks to the…