Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy.
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Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report
Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy.
TON raises 8-figure sum from MEXC to make Telegram a Web3 super-app
The Open Network (TON), a decentralized blockchain platform originally designed by Telegram, has secured major funding from the venture arm of the cryptocurrency exchange MEXC.
TON has raised an eight-figure investment from MEXC Ventures, a subsidiary of MEXC’s global cryptocurrency exchange MEXC, the firm announced on Oct. 4. In conjunction with funding, MEXC and the TON Foundation have entered into a strategic partnership aiming to promote global Web3 accessibility by lowering the barriers of entry.
As part of the deal, MEXC crypto exchange will provide marketing services and promotion for the TON-based projects listed on their platform. The firm is also set to launch a TON collateral lending service and eliminate trading fees for the TON token. "The previous cost was the same for most cryptocurrencies on their exchange," TON Foundation’s director of growth Justin Hyun told Cointelegraph.
Additionally, MEXC Ventures will continue funding TON-based mini apps in addition to ongoing support of TON-based projects like the autonomous protocol Megaton Finance, the GameFi platform TONPlay, Fanzee and Sonet. MEXC and the TON foundation are also discussing potential funding for Wallet on Telegram, Hyun said in a statement to Cointelegraph.
With the support of MEXC Ventures, TON Foundation aims to increase the adoption of the Web3 ecosystem within the Telegram messenger, Hyun said. He stated:
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.
“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine.
Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and Lebanon often compete for media coverage about runaway inflation levels, but the Cuban peso is not far behind.
The Cuban peso has devalued so much over the last few years that carrying bags of cash is increasingly common among the rich and the poor.
In practice, even if someone bought Bitcoin at the top of the 2021 bull run at $69,000, their money is worth much less in Cuban pesos. Whereas Bitcoin dropped 80% to its bear market low, it has since recovered 100%, and the peso has devalued by 90%.
The realization that someone should swap local currency for the Bitcoin top, knowing that it will crash and they’ll still retain more purchasing power, is one of the many financial wake-up calls received while working on Cointelegraph’s new documentary, The Truth Behind Cuba’s Bitcoin Revolution.
In 2021, I came across the article “Inside Cuba’s Bitcoin Revolution” by Human Rights Foundation chief strategy officer Alex Gladstein, in which he explains how and why Cubans were utilizing Bitcoin’s stateless and low-fee properties to save money and escape financial oppression.
In line with the Bitcoin mantra of Don’t trust, Verify, I went to see with my own eyes what Gladstein described.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.
“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine.
Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and Lebanon often compete for media coverage about runaway inflation levels, but the Cuban peso is not far behind.
The Cuban peso has devalued so much over the last few years that carrying bags of cash is increasingly common among the rich and the poor.
In practice, even if someone bought Bitcoin at the top of the 2021 bull run at $69,000, their money is worth much less in Cuban pesos. Whereas Bitcoin dropped 80% to its bear market low, it has since recovered 100%, and the peso has devalued by 90%.
The realization that someone should swap local currency for the Bitcoin top, knowing that it will crash and they’ll still retain more purchasing power, is one of the many financial wake-up calls received while working on Cointelegraph’s new documentary, The Truth Behind Cuba’s Bitcoin Revolution.
In 2021, I came across the article “Inside Cuba’s Bitcoin Revolution” by Human Rights Foundation chief strategy officer Alex Gladstein, in which he explains how and why Cubans were utilizing Bitcoin’s stateless and low-fee properties to save money and escape financial oppression.
In line with the Bitcoin mantra of Don’t trust, Verify, I went to see with my own eyes what Gladstein described.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
Cointelegraph goes to Cuba to see how some Cubans use Bitcoin to secure a better economic future.
The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report
In Cuba’s capital, Havana, a Bitcoin community has emerged from an economically antagonistic environment.
“Satoshi didn’t create Bitcoin for Cubans, but it really comes in handy for us,” Forte, co-founder of the aptly named local Bitcoin organization Cuba Bitcoin, tells Magazine.
Cubans are turning to Bitcoin because their money is increasingly worthless. Zimbabwe, Venezuela and Lebanon often compete for media coverage about runaway inflation levels, but the Cuban peso is not far behind.
The Cuban peso has devalued so much over the last few years that carrying bags of cash is increasingly common among the rich and the poor.
In practice, even if someone bought Bitcoin at the top of the 2021 bull run at $69,000, their money is worth much less in Cuban pesos. Whereas Bitcoin dropped 80% to its bear market low, it has since recovered 100%, and the peso has devalued by 90%.
The realization that someone should swap local currency for the Bitcoin top, knowing that it will crash and they’ll still retain more purchasing power, is one of the many financial wake-up calls received while working on Cointelegraph’s new documentary, The Truth Behind Cuba’s Bitcoin Revolution.
In 2021, I came across the article “Inside Cuba’s Bitcoin Revolution” by Human Rights Foundation chief strategy officer Alex Gladstein, in which he explains how and why Cubans were utilizing Bitcoin’s stateless and low-fee properties to save money and escape financial oppression.
In line with the Bitcoin mantra of Don’t trust, Verify, I went to see with my own eyes what Gladstein described.
Bitcoin mining restricted to legal entities in Uzbekistan: Official
Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated.
Bitcoin mining restricted to legal entities in Uzbekistan: Official
Cryptocurrency mining in Uzbekistan can only be carried out by legal entities with the use of solar power, the local crypto watchdog has reiterated.
El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor.
El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor.
New book reveals Binance CEO CZ rejected SBF’s $40M request for futures exchange
Michael Lewis’s new book “Going Infinite” reveals that CZ and SBF had different goals when the first collaborative business opportunity arose in 2019.
Binance CEO CZ rejected SBF’s $40M request for futures exchange: Going Infinite
Michael Lewis’s new book “Going Infinite” reveals that CZ and SBF had different goals when the first collaborative business opportunity arose in 2019.
The Agenda podcast predicts the future of crypto and talks adoption
On Episode 20 of The Agenda, hosts Ray Salmond and Jonathan DeYoung interview each other about their blockchain journeys, the future of crypto and more.
EU to assess export controls on AI tech and semiconductor chips
The European Commission outlined four critical technology areas, including AI technology and semiconductor chips, on which it plans to run assessments to consider export controls.
BIS, EU central banks building data platform to track crypto, DeFi flows
The Bank of International Settlements and a handful of European Central banks are building a system to track international flows of cryptocurrencies.
BIS, EU central banks building data platform to track crypto, DeFi flows
The Bank of International Settlements and a handful of European Central banks are building a system to track international flows of cryptocurrencies.