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As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father’s taxi earnings. His father would say he made $100, but Shaikh couldn’t understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early experience sparked his curiosity about financial systems, but also their shortcomings and the need…
Customers of WazirX, the Indian cryptocurrency exchange that suffered a $234 million hack in July, are unlikely to recover their funds in full through the ongoing restructuring process, a company legal adviser said on Monday. George Gwee, a director at restructuring firm Kroll working with WazirX, said that at least 43% of the money any…
FTX founder Bankman-Fried agrees to testify at House hearing on collapse The founder and former CEO of bankrupt cryptocurrency platform FTX on Friday said he will testify before a House committee next week despite his initial reluctance. In a Friday tweet, Sam Bankman-Fried announced he would testify before the House Financial Services Committee at its…
“#Why Is Ethereum so Popular in Online Casinos?” In ancient Greek mythology, the “Ether” was considered a part of the heaven where gods lived. It is not clear if there is any connection here, but in 2021 the course of Ethereum rose to recently unseen heights. This technology offered a new and amazing concept of…
“# Yearn Finance doppelganger scam tries to trick visitors out of their keys ” Decentralized finance yield farming platform Yearn Finance has a doppelganger that is tricking visitors into sharing the private keys of their cryptocurrency wallets. The scam website of Yearn Finance perfectly copies almost every aspect of the original yearn.finance website down to its…
“# New report finds 15 major factors that cause crypto prices to rally ” EToro, the major multi-asset brokerage, released a crypto market quarterly report for Q3 2020. The report, titled “What Moves the Prices of Cryptoassets,” delves into the main factors that cause cryptocurrencies to rise in value. The 15 “significant developments” that directly…