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” First US state where you can no longer mine crypto: Law Decoded, Nov. 21-28 “ The state of New York became the first in the United States to impose a moratorium on proof-of-work (PoW) mining, albeit only for two years. Last week, New York Governor Kathy Hochul signed the moratorium into law, prohibiting any…
” FTX resumes employee and contractor payments after weeks in limbo “ Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world. The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help…
” From the NY Times to WaPo, the media is fawning over Bankman-Fried “ Nearly three weeks have passed since FTX founder Sam “SBF” Bankman-Fried announced that his exchange was facing a deep liquidity crisis, was unable to find a last-minute bailout, and was forced to file for Chapter 11 bankruptcy. The insolvency impacted millions…
” Taking down crypto influencers is one step that would help to heal the market “ However, the crypto space is notoriously fickle, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight. For this reason, celebrity influencers…
” It’s time for crypto fans to stop supporting cults of personality “ Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter…
” Disaster looms for Digital Currency Group thanks to regulators and whales “ The cryptocurrency tide is flowing out, and it looks more and more like Digital Currency Group (DCG) has been skinny dipping. But let’s be clear: The current crypto contagion isn’t a failure of crypto as a technology or long-term investment. DCG’s problem…
” 5 tips for riding out a downbeat market this holiday season “ These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet,…
” My story of telling the SEC ‘I told you so’ on FTX “ “I hate to say I told you so” is a phrase oft-repeated but rarely sincere. It’s a delightful feeling to claim credit for warning about a problem in advance. That’s a liberty I’m taking with federal financial regulators at the United…
” FTX fiasco means coming consequences for crypto in Washington DC “ On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of…
“What is Maine famous for?” Lobsters, Lighthouses, and low crime are some of the things we instantly associate with Maine, but besides these what is Maine famous for? Located in New England, Maine only shares internal borders with New Hampshire to the West, but it has international borders with New Brunswick and Quebec in Canada….