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Crypto could spark the next financial crisis, says India’s RBI head
22.12.2022
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown
Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor
21.12.2022
India's central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from private cryptocurrencies if these are regulated and not banned outright
Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis
17.12.2022
The Digital Currency Group and its affiliates (DCG) cited liquidity problems as it suspended repayments, temporarily halting users from withdrawing their funds
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,”...
Final Fantasy Remake Has A Painting With A Getty Watermark
14.12.2022
Crisis Core - Final Fantasy VII - Reunion was released today and is a solid remastering/remake of a beloved PSP title. But at least one painting in the new game contains a li’l something extra: a Getty Images watermark implying that the in-game painting was created using an image preview seemingly...
Crisis Core - Final Fantasy VII - Reunion: The Kotaku Review
13.12.2022
As a prequel to one of the most beloved video game stories of all time, It’s important that Crisis Core - Final Fantasy VII - Reunion tell its own prequel story without disrupting the thematic cohesion of the story that spawned it. Does it succeed? Mostly. Reunion excels at being a great RPG and...
Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
The Game Awards’ Fashion Highlights The Industry’s Identity Crisis
7.12.2022
Like everyone else, I watch The Game Awards for a few reasons: to see “world premiere” trailers, to find out which obvious favorite wins Game of the Year, and to learn how Geoff Keighley is going to cash in his Hideo Kojima friendship coupon this year. But what fascinates me is never the latest...
‘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...
MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!
25.11.2022
MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted: “Due to liquidations being previously disabled on the mentioned vault types, some positions accrued interest above their collateral value...
Crypto lender Matrixport seeks $100M funding despite lending crisis
25.11.2022
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise
Considering FTX’s bankruptcy, crypto wallet SafePal sees historic sign-ups
23.11.2022
Following FTX’s bankruptcy, SafePal, a distributed pocket firm supported by Binance that offers equipment, and add-on wallets, had claimed record levels of new customers. From November 11, the site has witnessed a 10x spike in traffic, and over the same time, SafePal’s web3 electronic...
FTX crisis leads to record inflows into short-investment products
22.11.2022
The aftermath of FTX’s collapse has soured crypto investor sentiment with "record” inflows into short-investment products last week, said CoinShares
Uniswap and Aave continue to operate during ongoing FTX Crisis
21.11.2022
The recent crash of FTX sent shockwaves through the entire digital asset market, signaling its own impending collapse. Even Sam Bankman-Fried, the newly appointed CEO of the platform, expressed his agreement that this was an unprecedented show of mismanagement. While the popular best crypto...
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme
20.11.2022
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It felt very Bernie Madoff-like in that way,” she said. Former FDIC Chair Compares FTX...
Ripple CEO Says Current Crisis Will Make Crypto Stronger, Announces Huge Updates
17.11.2022
While FTX’s sudden collapse continues to fuel uncertainty among the world’s crypto investors, some industry representatives believe that the cryptosphere could emerge stronger from the turmoil. This is according to Brad Garlinghouse, the CEO of US blockchain company Ripple Labs, who has also...
FTX crisis could extend crypto winter to the end of 2023: Report
16.11.2022
The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda
Alameda Research and FTX might be bankrupt, but Oryen delivers +110% returns during presale to early investors
15.11.2022
The crypto world is full of unique features that make it stand out from other markets. In addition, many altcoins have fascinating ecosystems that help them grow their community rapidly. Oryen (ORY) is a new reserve currency that has doubled its price during the ICO. This means early buyers of...
Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis
14.11.2022
Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’
14.11.2022
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it sets us back a few years.” Binance’s CEO Discusses the Impact...