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Edwin Dorsey, a 24-year-old investing maven and author of the weekly newsletter, The Bear Cave, recently posted on Twitter that institutional trading platform, FalconX would no longer be using Silvergate Exchange Network (SEN). Dorsey shared a communication that appears to be from FalconX to its customers. The message stated: Out of an abundance of caution
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President Joe Bidens administrationhas called for stronger regulatory controls over Bitcoin BTC/USD and other cryptocurrenciesin response to the scandal, potential fraud, and money lost through the collapse of Sam Bankman-Frieds FTX FTT/USD exchange and sister company, quantitative investment firm Alameda. White House Press SecretaryKarine Jean-Pierresaid, Without proper oversight, crypto risks harming everyday Americans, so this
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Web3 returns content rights to the author, enhances the security level, eliminates unfair censorship, ushers in transparency, automates the functioning of software and facilitates a creator economy. Thanks to the characteristics of Web3, businesses can take advantage of opportunities that are beyond imagination. Concepts like decentralization and permissionless cybersphere were just in sci-fi. Nonetheless, Web3
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Estate agents “Sold” and “For Sale” signs outside residential properties in the Maida Vale district of London, UK, on Thursday, June 30, 2022. Bloomberg | Bloomberg | Getty Images Demand for U.K. residential properties has nearly halved following September’s government budget that spooked financial markets and toppled the prime minister, research Monday showed. The fiscal
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Alameda Research withdrew over $200 million from FTX.US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence disclosed on Nov. 25.  In a Twitter thread, Arkham revealed that Alameda Research, FTX’s sister company, pulled $204 million from eight different addresses of FTX US in a variety of crypto assets, the majority
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The legal challenges facing the Biden administration over its student loan forgiveness program is leaving borrowers in limbo as the White House is now forced to halt administering the program until the Supreme Court rules on the matter. Spirits among advocates were high when the program was announced in August, when Biden promised $10,000 in
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Risk appetite has perked up in the financial markets amid hopes of a Fed pivot. Cryptocurrencies, however, have been lagging, with the exception of a few coins. Dogecoin DOGE/USD was an outperformer among the top cryptocurrencies this week. What Happened: Doge started Mondays session around $0.077 and remained largely bound under the $0.082 level until
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Through the first week of November 2022, the Web Summit, hosted in Lisbon, Portugal, brought together over 70,000 technology-focused attendees from across the globe. Perspectives on the opportunities and challenges facing business, innovation, and government were discussed. Beyond speaking engagements, the Web Summit featured pitch competitions and afterparties, with one featuringDJsDavid Guetta and Armin Van
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