Balaji Srinivasan Says FTX Is a Preview of State Failure, USD Bank Accounts Could Be Frozen or Inflated to Worthlessness
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 no interest in prosecuting.” Srinivasan cautioned: “That world is coming and we need alternatives.” (Bitcoin.com)
Crypto Ideas Worth Exploring, Check What’s Dominating Crypto Discussion
The list is not necessarily an extensive explanation (I would need to write one full article for each), but merely a general introduction to the topic mentioned.
Judge Dismisses Crypto Lawsuit Against Kim Kardashian
A federal judge dismissed a proposed class action lawsuit on Wednesday against Ethereummax’s founders and the crypto project’s celebrity endorsers, including reality TV star Kim Kardashian, boxer Floyd Mayweather Jr., and former Boston Celtics star Paul Pierce.
Crypto Anno 2022 — With Perspectives From Matt Levine, Vitalik Buterin and Rune Christensen
I share Rune Christensen’s sentiment that crypto is likely moving towards more regulation and more centralization. I believe this is a desirable development. Bitcoin is (hopefully) going to remain the same at its core.
I’ve Transferred Funds Using Banks, PayPal, Revolut, and Wise — Nothing Compares to Crypto
I will not review every application. Yet, I’ll provide you with my one-line verdict on each.
European Union to Scrutinize Transactions Over €1,000 in Crypto
The European Union agreed that crypto transactions moving over €1,000 ($1,055) in value will face due diligence inquiries by the virtual asset service providers (VASPs) facilitating them.
Survey Reveals Turkey Is Highly Obsessed With Crypto, Especially Dogecoin
A recent <a href="https://cryptomaniaks.com/" target="_blank">study by CryptoManiaks</a>, a crypto education platform, shows that Turkey and the Netherlands ranked top in cryptocurrency awareness. As per the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for crypto-related terms. Turkey accounted for 4.7 million searches, topping the chart with large numbers.
SBF Supports Restarting FTX and Issuing New FTT Token to Creditors
Bankrupt crypto trading platform FTX’s exchange token FTT is still trading above $1 per unit. It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token.
Chinese Authorities Break Up Billion-Dollar Crypto Money Laundering Ring
Police in Inner Mongolia have arrested 63 people in association with a scheme that allegedly laundered 12 billion yuan ($1.7 billion), China News <a href="http://www.chinanews.com.cn/sh/2022/12-10/9912584.shtml">reports</a>.
This Week XRP Whales Moved Millions of Tokens to Exchanges and Unknown Wallets
During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $55 million on Dec. 9, and another whale moved 40,000,000 xrp worth more than $15 million from the exchange Bitso to an unknown wallet.
