Crypto Could 'Crash' the Financial System, US Lawmaker Warns
Senate Banking Committee Chair Sherrod Brown, D-Ohio, is sounding the alarm on crypto following FTX's collapse. “This year we’ve seen cryptocurrency values collapse by $2 trillion. 2,000 billion dollars,” Brown said at the opening of a hearing with top U.S. banking regulators. "The parallels to past financial crises throughout our history are troubling.”
Crypto ETF Provider Investment Shrinks Staff to 16 People After Latest Cuts
Valkyrie Investments has laid off 30% of its staff in recent months and has closed a fund as the crypto ETF issuer tries to stay agile amid tough market conditions.
Crypto Cold Wallets in Ledger and Trezor Sales Spike After FTX Collapse
Hardware wallet manufacturers Ledger and Trezor both reported a huge spike in sales last week as consumers rushed to self-custody solutions to safeguard their digital assets.
Charlie Mungare Compares Cryptocurrency With Child Prostitution
In an interview crypto critic, Charlie Munger compares cryptocurrency with child prostitution. He said <b><i>“This is a very, very bad thing. The country did not need a currency that was good for kidnappers.”</i></b> In addition to this, he said <b><i>“There are people who think they’ve got to be on every deal that’s hot. I think that’s totally crazy. They don’t care whether it’s child prostitution or bitcoin.” </i></b>Berkshire Hathaway’s Vice chairman stated cryptocurrency is a combination of partly fraud and partly delusion. Munger said <b><i>“You are seeing a lot of delusions. Partly fraud and partly delusion. That’s a bad combination.”</i></b>
New York Fed Launches 12-Week Digital Dollar Pilot Program With Major Banks
Leading global banks kicked off a 12-week pilot together with the New York Federal Reserve. The so-called regulated liability network will serve as a ground for participants to experiment with wholesale digital asset transaction and settlements. The project will only use simulated data, the New York Fed said.
Trust Wallet Token (TWT) Scores Over 97% Gains Going Against Market Trend
Despite current market conditions, the official Trust Wallet token (TWT) has posted impressive gains in the last 7 days. TWT saw an impressive rise of over 97% on its week-on-week chart. Most of the price rally happened in the last three days, with the coin marking a new all-time high yesterday.
VC Bull Kevin O’Leary Abandoned FTX Rescue Plans After SEC Chief’s Comments
After the widely publicized collapse of FTX, which sent shockwaves across the cryptocurrency sector, including Bitcoin (BTC), and culminated in the trading platform’s bankruptcy, venture capitalist Kevin O’Leary revealed he earlier had plans to save the crypto exchange but gave up at the last moment.
Trust Wallet launches highly anticipated browser extension wallet for desktop
Trust Wallet, the leading self-custodial and multi-chain wallet provider, has launched its brand-new browser extension wallet. Supporting all EVM chains, as well as Solana, it is available for use on browsers like Chrome, Brave & Opera.
US Politicians Donate Bankman-Fried Cash to Charity
Disgraced FTX founder and former crypto billionaire Sam Bankman-Fried was a prolific donor to US politicians. Now, his beneficiaries are grappling with the realities of accepting his money.
FTX hacker sends troll messages via cryptic tokens in possible Pump & Dump scam
The FTX Hacker address — 0x59AB…fd32b — is sending cryptic tokens, including one labeled “WHAT HAPPENED” to addresses across the blockchain, including exchanges, Vitalik, and Uniswap.
