In more crypto contagion, wrapped Bitcoin loses its 1-to-1 backing following FTX’s collapse
More and more crypto players are being dragged into the mud by Sam Bankman-Fried's bankrupted FTX empire.
Bitcoin
Bitcoin hacker who stole US$3.36 billion is busted
Websites that rely on cryptocurrency for in-site purchases can be pretty vulnerable to criminal activity. There’s a lot of hacking going on.
Tesla sells off 75% of its Bitcoin amid a cold crypto winter
Crypto isn’t doing so hot right now. This year, Bitcoin has lost around half of its value; Celsius Network, a crypto lender, just went bankrupt; and Zipmex, a crypto exchange, just recently halted all withdrawals. We’re officially in what has been dubbed a “crypto winter.”
With that, Tesla,
Wall Street shares tumble while Bitcoin value drops amid market uncertainty
The worry over whether the US central bank can tackle inflation without throwing the economy into a recession is sending investors into a bit of a fight or flight mode as they take their money and focus on safer and more stable investments like the dollar, which is at a
With the Bitcoin price slump, Bitcoin lovers say it’s time to buy in
The mass amount of sanctions on Russia has meant that the ruble (the Russian currency) has plummeted. More specifically, it’s gone down nearly 30% since the start of the war in Ukraine.
This drop in the ruble’s value has crypto fans pointing to Bitcoin as a possible alternative
The biggest crypto seizure ever by the Justice Department, explained
The backstory:
* So a big concern of cryptocurrency critics is that crypto can be used to enable financial crimes, like money laundering.
* So, how would that work? For example, bitcoin addresses, which you can think of as a bank account number, can’t be traced to individual people and can
“Bitcoin is moving away from the whole hype narrative,” says crypto expert
What exactly are NFTs, again?
According to Ben Caselin, the head of research and strategy at AAX crypto exchange, to understand Non Fungible Tokens (NFTs), it’s important to understand why things on the blockchain first came about.
“How can we have an asset or a form of money that