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Snowden to Musk: ‘I Take Payment in Bitcoin’; Big Short Investor Says Audits of Exchanges like Binance and FTX Are ‘Meaningless,’ and More — Week in Review
25.12.2022
Ahead of the holidays and new year, the former U.S. National Security Agency (NSA) contractor known to the world as a staunch privacy advocate and whistleblower, Edward Snowden, has offered to step up as the new CEO of Twitter after current “Chief Twit” Elon Musk has said he is stepping...
Legendary ‘The Big Short’ Investor Michael Burry Believes Binance Crypto Exchange Audit Is Meaningless – Here's Why
19.12.2022
Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’.
According to Burry, this is the same problem as he was facing himself in 2005...
Grayscale Will Explore Returning 20% of Investor Capital if SEC Refuses Spot Bitcoin ETF: Report
19.12.2022
Grayscale Investments is exploring options to return a portion of capital underlying its flagship Grayscale Bitcoin (GBTC) product if the SEC refuses to grant a bitcoin exchange-traded fund (ETF), according to a report
Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX
17.12.2022
Mike Novogratz, CEO of crypto investments company Galaxy Digital, has said not all crypto exchanges are run like the now-collapsed FTX.
In an interview with CNBC’s Squawk Box on December 15, Novogratz said not every crypto boss is trying to steal users' money and that not all crypto platforms...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
17.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,”...
Puerto Rico Blockchain Week: Blockchain Investor Network BitAngels announces ‘Best in Show’ of companies innovating Web3 and Blockchain
13.12.2022
BitAngels, the world’s premier investor network for the blockchain industry, today announced ShredSpots, Waterfall Protocol, and Big Watt Digital as the winners of its BitAngels Startup Pitch Contest at CoinAgenda, the leading global conference series connecting blockchain and cryptocurrency...
Thai SEC to tighten up rules for crypto, focus on investor protection
13.12.2022
Thailand's chief regulator highlights the importance of tighter control over the cryptocurrency-related advertisements
Bitcoin’s bear market is far from over, but data points to improving investor sentiment
12.12.2022
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay
Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness
12.12.2022
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,” emphasizing that the authorities “will show...
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
8.12.2022
An ongoing case in a Florida district court alleges Kang misused $12 million in investor assets
Kim Kardashian Wins Investor Lawsuit Over EthereumMax
8.12.2022
A California district judge decided to dismiss the motion because the complainant was not able to supply sufficient facts
First Mover Americas: Grayscale in Investor's Crosshairs
7.12.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 7, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Gate.io pledges $100M to revive crypto and rebuild investor confidence
7.12.2022
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses
Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy
6.12.2022
"Because of the size of this year's scandals and their far-reaching impacts, a lot of investors aren't moving to BTC because they're just leaving the space entirely," one expert said
Standard Chartered Bank: Bitcoin Could Fall to $5,000 Next Year
6.12.2022
Standard Chartered Bank says the price of bitcoin could drop to $5,000 next year. The bank’s analyst explained that cryptocurrencies could fall further and more crypto firms could “succumb to liquidity squeezes and investor withdrawals.” Standard Chartered Bank’s...
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
3.12.2022
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty...
Hong Kong working on investor protection regulations, says central bank exec
2.12.2022
Hong Kong central bank executive looked optimistic about the future of decentralized tech, while the Korean central bank governor has his doubts in the wake of the recent crypto contagion
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda
30.11.2022
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda reportedly said the commission will only change its stance on cryptos when Nigerian regulators agree...
NFT Investor Animoca Brands to Start $2B Metaverse Fund: Report
30.11.2022
Non-fungible token (NFT) and gaming investor Animoca Brands plans to set up a fund worth as much as $2 billion to invest in metaverse businesses, the firm's co-founder has said in an interview, Nikkei Asia reported Wednesday