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Can Bitcoin survive a Carrington Event knocking out the grid? – Cointelegraph Magazine
“In a massive solar storm, which would be hugely damaging to a modern economy’s infrastructure, the blockchain parts might well be the only parts that survive.” — Jason Potts
What was the Carrington Event?
In a November…
Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP…
"We say this because the two-year Treasury yield, which has been a reliable indicator of the market's direction all year, is, in fact, moving in line with BTC and ETH, while the S&P 500 and Nasdaq have rallied away," QCP said in…
How stable are stablecoins in the FTX crypto market contagion?
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leader, briefly lost its United States dollar…
Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late Februrary
That Pertsev “has nothing to do with Tornado Cash, can be relegated to the realm of fantasy,” the prosecutor said. Pertsev, Semenov and Storm may have held so many tokens for the protocol they could in practice ”always outvote everyone…
Exchanges delist FTX Token pairs from trading platforms
As the FTX collapse continues to cause turmoil in the crypto industry, various crypto exchanges have delisted FTX Token (FTT) on their platforms. In an announcement, crypto exchange Binance highlighted that it had removed the FTT/BTC,…
Global Money Laundering Watchdog Says Crypto Monitoring Regime Is Unchanged
Since 2018, the international body has looked to define virtual assets and service providers in order to apply guidelines for anti-money laundering (AML) and combatting the financing of terrorism (CFT) to the crypto industry. In 2021, it…
Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, talked about the progress of their national digital currency called the digital yuan. He outlined the progress and the adoption of the national digital…
S. Korean Prosecutors Request Eight Year Prison Sentence for Ex-Bithumb Chairman on $70M Fraud…
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Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain…
Brokerage Firm Bernstein Says NFTs Are Not Dead
“NFTS are not dead,” analysts Gautam Chhugani and Manas Agrawal wrote, noting that well known collections such as the Bored Ape are still holding a floor price of $100,000, and the number of active monthly users on OpenSea is stable at…