Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand. Skybridge Capital founder Anthony Scaramucci does not think the defunct crypto exchange FTX can be revived any time soon. The financier and former White House communications director … Read more
As per the proposed conditions, FTX founder Sam Bankman-Fried will get a new phone with no internet capability limited to voice calls and text messages. On Monday, March 27, lawyers of FTX’s disgraced founder Sam Bankman-Fried said that they have reached an agreement with US prosecutors over the new bail conditions. This development comes as … Read more
The news has already stirred the crypto ecosystem with many of the affected holders of LUNA yet to recover their losses. Do Kwon, the co-founder of Terraform Labs has been reportedly arrested in Montenegro, months after he vanished after the implosion of Terra (LUNA) and its algorithmic stablecoin UST. The arrest of Do Kwon was … Read more
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said. Although the US regulators are going after stablecoin issuers, the asset class continues to attract market players from across the crypto landscape. Arthur Hayes, co-founder and former CEO of … Read more
The evolution of the blockchain ecosystem over the past years has been intriguing and so has the growing integration into the new industry by other technology, especially AI. Should it be observed more keenly, both blockchain and AI are closely related with each enhancing the other’s overall functionalities. Despite this, there exists a high level … Read more