Tag Archives: crypto

Can bitcoin and crypto help minorities? This appears to be the overall sentiment amongst many analysts and industry heads. How Minorities Can Benefit from Crypto Several claim that minorities have often been underbanked or have faced opposition from standard financial institutions. These minorities often do not gain access to the tools or services they need to stay afloat and survive, and bitcoin can potentially bring them the solutions they’re eager for. Teri Williams –...

Sam Bankman-Fried – the crypto executive behind the growing and increasingly popular digital exchange FTX – has said many of the digital currencies out there are “empty products” with “real crash potential.” Sam Bankman-Fried on Many of the Newer Assets His words come at a time when the crypto space is arguably suffering like it never has before. Assets like bitcoin, for example, have lost more than 70 percent of their value at the time of writing, with the world’s...

American football star Tom Brady – who has recently become the celebrity front man for FTX, a new yet increasingly-popular digital currency exchange – was recently featured in an odd, yet interesting advertisement for the platform in which he melted a block of ice containing a single bitcoin with a flamethrower, thus symbolizing that no crypto winter can stop the space from flourishing. Tom Brady Is Seen Promoting FTX In the ad, Brady is seen standing next to a pool. He...

The crypto space has been doing rather poorly as of late. Bitcoin, for example, has lost more than 70 percent of its value and is trading in the low $20,000 range after hitting a new all-time high of roughly $68,000 per unit in the final months of 2021. Many other digital currencies are following suit, and it looks like the industry has lost trillions – not billions or millions – in value. Crypto Startups Remain Popular Despite all this, crypto startups keep popping up...

Joshua Peck – the founder of True Code Capital – recently offered his thoughts on digital currency. Joshua Peck Talks About the State of Crypto Not long ago, Peck established what he’s calling the Crypto Momentum Fund through his firm. He commented: It provides an opportunity for asymmetric portfolio growth by creating an algorithmic risk-managed exposure to the long-term growth in the emerging cryptocurrency market. True Code launched a cryptocurrency fund after a...

Several individuals have been arrested on charges relating to three separate instances of crypto fraud, one of which may have involved the largest non-fungible token (NFT) scam to date. As much as $130 million in digital funds are likely to have been stolen. Why Is Crypto Fraud So Common? One of the individuals charged with crypto fraud includes 26-year-old Le Anh Tuan of Vietnam. She was charged in California with one count of conspiracy to commit wire fraud and...

Beauty software company Meitu says it has lost a lot of money on crypto. Meitu Is Suffering Due to Crypto’s Volatility Meitu is one of a few institutional investors that chose to get involved in crypto as the space began growing to unprecedented levels. The company – much like MicroStrategy and Square – felt that the industry was strong enough and, at the time, stable enough that a few investments were warranted. The company eventually put in hundreds of millions of...

The government of Singapore is saying it’s likely to implement new cryptocurrency regulations in the coming future that will potentially keep retailers safe. Singapore Is Looking Deeper at Crypto Regulation Singapore has commented that there is too much volatility and unsteadiness in the digital currency market, especially as of late. The country is looking to ensure people are aware of the risks before they step in. Singapore regulators also say they want retail players...

The European Union (EU) has agreed to some new regulations for the crypto space. The EU Seeks to Regulate Crypto Under the new laws being implemented, a cryptocurrency company working in an EU-labeled country must obtain a license before operating. It will also need to implement certain safeguards to ensure customers and their money are safe from fraud and illicit actors. Up to this point, crypto companies were only required to show proof that they had barricades against...

Ric Edelman is the author of a new book called “The Truth About Crypto.” As a former financial adviser and wealth executive, Edelman sat down for an interview and offered his thoughts about what we can expect to see in the digital currency space in the coming years and months. Ric Edelman on Where Crypto Will Go Edelman started out by discussing the present crypto winter and what it means: A crypto winter refers to a major decline in the prices of bitcoin, Ethereum, and...