Banks are the lifeblood of a nation’s economic system, and any bank collapse is disturbing. Last week saw two failures. On March 8, Silvergate Capital — the cryptocurrency-focused banking company — en...
Tag: damage
Bitcoin has caused $12b in environmental damage. There might be a solution
Can environmentalists and regulators destroy bitcoin’s value? When Tesla stopped accepting bitcoin because of the blockchain’s “increasing use of fossil fuels”, were environmentalists drawing a line? ...
Sam Bankman-Fried Did ‘Immeasurable’ Damage to Crypto Industry: Ava Labs CEO
The implosion of FTX last fall dealt crypto a black eye, bruising the nascent industry’s reputation in terms of legitimacy and trust. And this damage is vast, according to Ava Labs CEO and Founder Emi...
A Crypto that Repairs Environmental Damage & Funds Your Favorite Charity, Church or Club?
Everyone knows we need to repair environmental damage, plus Charities, Churches and Clubs (CCC’s) always need more revenue to carry on their good work. Now Erth Points make businesses want to pay for ...
Solver’s bond saves CoW Swap from the hacking damage that has exploited $166k
A hacker managed to exploit CoW Swap for approximately $166k. This has turned out to be a scare with little worry since Cow Swap has announced on Twitter that it has not been affected by the hack. The...
Crypto Industry Must Act Now to Repair Damage After FTX Collapse
The digital assets industry has a significant responsibility to right the ship following FTX’s collapse, but Washington, D.C., has a responsibility as well. For digital asset innovation to benefit the...
Ripple Losing Legal Battle Would Damage XRPL Ecosystem, Why?
Vladislav Sopov Here’s why outcome of Ripple/SEC battle is of paramount importance for dozens of tokens Contents Once Ripple loses, XRPL tokens will be under fire, community enthusiast says Are ...
Harvard Kennedy School professor proposes to tax crypto over environmental damage
As 2023 begins, Bitcoin and other cryptocurrencies continue to be a hot subject of controversy due to the considerable attention they have received about their potential negative environmental impacts...
Cathie Wood: FTX Has Done Harsh Damage to the Crypto Space
Bitcoin bull and crypto investor Cathie Wood thinks the FTX debacle may have done irreparable damage to the crypto space, and she says the incident will likely make many institutional investors stay a...
Is this crypto investment firm collateral damage of bear market 2022? Decoding…
Midas Investments announced that it will cease operations due to significant losses incurred in 2022 The firm plans to shift to a centralized decentralized finance (CeDeFi) model Custodial crypto inv...
ATOM is in a freefall. Will it rise?- ATOM’s damage control
Cosmos will get EVM affinity with the help of CantoPublic. The weighted sentiments against ATOM declined while its volatility increased, suggesting that buying ATOM could be riskier than usual. Invest...
Stock market valuations don’t ‘reflect the damage ahead,’ BlackRock warns
More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money...
Wave Labs reveals DAXA warning caused significant damage to WAVES token
Waves Labs has reported that Futures data revealed that a DAXA warning on Dec. 8 did more harm to the WAVES token than the depegging of the USDN stablecoin “ever could.” The Open Interest ...
Stop Causing ‘More Damage’ — Bitcoin.com News Week in Review – The Weekly Bitcoin News
Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Mu...
Crypto company Amber raises $300 Million to address FTX damage
According to recent reports, the Singapore-based cryptocurrency trading firm Amber Group has raised $300 million to tackle the disgrace of the fallen crypto exchange FTX. Funds raised for clients suff...
ECB considers Bitcoin ban to curb environmental damage
Fabio Panetta, a member of the European Central Bank’s executive board, said that the bank was “seriously considering” a Bitcoin ban (including other cryptocurrencies) due to the environmental damage ...
Ankr Exploit Causes Collateral Damage
Decentralized Web3 infrastructure provider Ankr sought to reassure its community Friday with an initial response to the theft of at least $5.5 million from BNB Chain liquidity pools and money markets....
Where BlackRock sees ‘tremendous’ market opportunities for ETF investors in 2023 after damage to stocks, bonds
Hello! In this week’s ETF Wrap, BlackRock’s Gargi Chaudhuri, head of iShares investment strategy for the Americas, discusses ways for investors to play a world of higher rates and elevated inflation i...
Promoting Bitcoin Could Damage The Reputation Of Banks, ECB Warns ⋆ ZyCrypto
Advertisement     The European Central Bank has cautioned banks against promoting Bitcoin investments, arguing that the cryptocurrency’s apparent calm will likely pan ...
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Singapore’s government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong. Wong, who is al...
The FTX Collapse Caused “Reputational Damage” to Temasek Says, Wong
FTX’s collapse caused great losses to Temasek, a Singaporean holding company. According to Wong, Singapore’s reputation has been damaged. Further, Singapore intends to implement protection measures fo...
U.S. Companies In China Worried Covid Surge Will Damage Prospects After Upbeat G20 Meeting
American Chamber of Commerce in Shanghai Chairman Sean Stein Sean Stein U.S. companies in China are worried that a surge in Covid cases in the country will hurt consumer and investment spending right ...
Credit Suisse Hits New Low as Investors Weigh Outflow Damage
(Bloomberg) — Credit Suisse Group AG fell to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market ...
Ripple CTO Thinks Big Damage to Crypto Billionaires Could Be Made in Coming Months
Yuri Molchan Ripple’s top executive reckons that there are going to be fewer crypto billionaires soon as bear market continues Contents “Millionaires will be made in the coming months̶...
Crypto hacker also causes damage to FTX
As early as November 12, FTX officials confirmed rumors of a hacker attack on the collapsing crypto’s Telegram channel and instructed customers to delete FTX apps and avoid its website. Specifically,...
Uruguayan unicorn reports $5.6 million stuck in FTX as damage adds up
Uruguayan payments unicorn DLocal has $5.6 million tied up on FTX, the company said in a filing. “We are not working with any other crypto exchange as banking service, and our exposure to the cr...
Solana’s close ties to FTX cause financial and structural damage
The fallout from the implosion of FTX is being felt across the crypto industry, with firms supposedly rescued by the exchange now being dragged under along with their erstwhile ‘savior,’ Sam Bankman-F...
Serum Is Rapidly Implementing the Damage Control Strategy
8 seconds ago | 2 mins read Defi News Serum built over the Solana network has undergone forking for development. Tough times in the crypto market have pulled in various builders to stabilize the DeFi....
Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo – Featured Bitcoin News
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re go...