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author

Article by Steven Stradbrooke

FTX implosion is the real ‘red wave’
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11 November, 2022

FTX implosion is the real ‘red wave’

This week’s dramatic implosion of the FTX exchange continues to disgorge a seemingly nonstop parade of machinations and sordid revelations...
Binance bails on FTX bailout but won’t dodge regulatory scrutiny
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10 November, 2022

Binance bails on FTX bailout but won’t dodge regulatory scrutiny

Binance has backed out of the acquisition deal upon realizing the size of the unfunded liabilities on FTX’s balance sheet.
Binance boss sparks run on FTX’s bank, vows no make-up sex
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8 November, 2022

Binance boss sparks run on FTX’s bank, vows no make-up sex

Should SBF go down in flames because CZ caused a run on FTX’s underfunded bank, we should expect SBF to...
Coinbase surviving on USDC interest as YTD losses top $2 billion
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7 November, 2022

Coinbase surviving on USDC interest as YTD losses top $2 billion

The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million,...
Block pins net losses on BTC’s fading consumer demand
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4 November, 2022

Block pins net losses on BTC’s fading consumer demand

Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of...
Tether mints, FTX liquidates, Alameda pads balance sheet
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3 November, 2022

Tether mints, FTX liquidates, Alameda pads balance sheet

U.S. Attorney’s Office for the Southern District of New York (SDNY) had assigned Attorney Damian Williams to kickstart the DoJ’s...
MicroStrategy’s Saylor struck by Lightning, and possibly a blunt object
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2 November, 2022

MicroStrategy’s Saylor struck by Lightning, and possibly a blunt object

MicroStrategy's three-month revenue suffered a 2.1% slump from last year as the BTC token, which founder Michael Saylor heavily bet...
Meta investors panic as Zuckerberg doubles down on Metaverse
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31 October, 2022

Meta investors panic as Zuckerberg doubles down on Metaverse

Meta's shares tumbled after the release of its Reality Labs financial report, which saw an operating loss of $3.67 billion...
Musk buys Twitter with Binance’s help, crypto bots on notice
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31 October, 2022

Musk buys Twitter with Binance’s help, crypto bots on notice

Elon Musk sacked Twitter execs Parag Agrawal, Ned Segal, Sean Edgett, and Vijaya Gadde after completing the $44-billion acquisition of...
Block plots BTC mining, integrates Lightning, abets Blockstream
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27 October, 2022

Block plots BTC mining, integrates Lightning, abets Blockstream

According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to...
FTX’s Sam Bankman-Fried pens ‘Crypto Regulation for Dummies’
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21 October, 2022

FTX’s Sam Bankman-Fried pens ‘Crypto Regulation for Dummies’

SBF recently tweeted his "thoughts on crypto regulation" alongside a more detailed set of Possible Digital Asset Industry Standards posted...
Macau advances digital currency acceptance, but will casinos accept?
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21 October, 2022

Macau advances digital currency acceptance, but will casinos accept?

Macau is eyeing 'currency in digital format' as legal tender as digital payment adoption rises, and while merchants are expected...

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